Cryptocurrency exchange OKCoin is reportedly moving to launch in South Korea – possibly as soon as next month.
A Korean financial regulator has reportedly indicated it is investigating possible insider trading of cryptocurrencies by its own staff.
South Korea will make a decision on Thursday over its stance on cryptocurrency exchange regulation, according to a report by Reuters.
South Korean authorities have reportedly said that cryptocurrency investors must attach their IDs to anonymous virtual accounts or face penalties.
South Korea's citizens reacted angrily to a proposed ban on cryptocurrency exchanges, with politicians and residents alike condemning the move.
South Korea's Presidential Office said today that a plan to ban trading cryptocurrencies via exchanges in the nation is still not set in stone.
The Bank of Korea, South Korea's central bank, has launched a cryptocurrency task force to explore the technology's effects on the financial system.
New reports suggest that the South Korean government is intensifying its moves against the country's bitcoin exchanges.
Finance regulators in South Korea are reportedly looking to cooperate with authorities in China and Japan on new rules for cryptocurrency trading.
South Korea's financial regulators began inspecting commercial banks to monitor their compliance with new cryptocurrency exchange rules.
A South Korean law firm has reportedly filed a constitutional appeal over upcoming regulations restricting digital currency trading.
South Korea will reportedly begin implementing new regulations banning anonymous cryptocurrency exchange accounts on or around Jan. 20.
The South Korea now bans domestic cryptocurrency exchanges from allowing users to make transactions through anonymous accounts.
Authorities in South Korea have reportedly filed suit against a U.S. cryptocurrency mining firm, alleging a multi-million dollar fraud.
Japanese and South Korean blockchain groups have partnered for dissemination of blockchain technology.