South Korea

Regulation

Report: South Korea Could Ease Its ICO Ban

South Korea's ban on initial coin offerings (ICOs) could be relaxed in the months ahead, according to a new report.

Policy & regulation  ·  12 March 2018
Markets

Korean Messaging Giant Kakao to Launch Blockchain Subsidiary

South Korean internet giant Kakao, which owns the popular messaging app Kakao Talk, is reportedly moving to integrate blockchain in its business.

Business  ·  6 March 2018
Exchanges

Bitcoin’s ‘Kimchi Premium’ Has All But Evaporated

CoinDesk data shows that the gap between South Korea's bitcoin prices, and those shown by the global market, closed over the course of February.

Markets  ·  3 March 2018
Japan

South Korean Bank Trials Ripple for Overseas Remittances

South Korea's Wooribank has reportedly completed an overseas remittance test using Ripple's DLT solution.

Business  ·  2 March 2018
Exchanges

Trump Sanctions on North Korea Won’t Stop Crypto Hacks, Senator Says

One U.S. senator thinks the Trump administration isn't doing enough to deter North Korean attacks on cryptocurrency users and exchanges.

Policy & regulation  ·  1 March 2018
Regulation

South Korea to Support ‘Normal’ Crypto Trading, Says Finance Watchdog

South Korea's Financial Supervisory Service has reportedly said that the government will support "normal" cryptocurrency trading transactions.

Policy & regulation  ·  20 February 2018
Exchanges

Korean Government Remains Firm on Crypto KYC Mandate

South Korea has doubled down on its commitment to eliminating the use of cryptocurrency in illicit activities, but played down more serious proposals.

Policy & regulation  ·  14 February 2018
Exchanges

South Korea Mulls BitLicense-Style Rules for Crypto Exchanges

South Korea is considering adopting a system similar to New York's "BitLicense" for the regulation of cryptocurrency exchanges, a report states.

Policy & regulation  ·  13 February 2018
Exchanges

Korean Exchange Halts Trading Over KYC Concerns

South Korea cryptocurrency exchange Coinpia has halted trading amid concerns it has been unable to comply with new government rules.

Policy & regulation  ·  6 February 2018
North Korea

South Korea: North Korea Stole Millions From Crypto Exchanges Last Year

The South Korean National Intelligence Service claimed North Korea stole "billions of won" in cryptocurrencies last year.

Policy & regulation  ·  5 February 2018
Exchanges

South Korea Won’t Ban Crypto Trading, Says Minister

South Korea does not intend to "ban or suppress" cryptocurrency trading, the country's finance minister said today.

Policy & regulation  ·  31 January 2018
Bitcoin

South Korea: Cryptos Mixed up in $600 Million Illegal Forex Trade

The South Korea government is investigating the use of cryptocurrency in illegal foreign currency exchange, according to a statement.

Policy & regulation  ·  31 January 2018
Exchanges

South Korea Fines Crypto Exchanges for Privacy Failures

South Korea's Communications Commission has issued fines totaling $130,000 to eight cryptocurrency exchanges over insufficient user data protection.

Policy & regulation  ·  24 January 2018
Exchanges

South Korea Reveals Deadline for Anonymous Crypto Trading Halt

South Korea's financial watchdog has set a date for the introduction of a new rule barring anonymous virtual cryptocurrency trading accounts.

Policy & regulation  ·  23 January 2018
Exchanges

Korean Crypto Exchange Korbit Halting Deposits from Non-Citizens

South Korea's Korbit exchange has informed users that non-citizens will soon not be able to deposit Korean won for trading.

Policy & regulation  ·  22 January 2018