Japan Unfazed By Recent Exchange Hack Realizing Cryptocurrencies Not to Blame

Japan Unfazed By Recent Exchange Hack Realizing Cryptocurrencies Not to BlameJapanese investors are undeterred by the recent Coincheck hack and the general public is now more interested in cryptocurrencies due to the constant hype in the media. Bitflyer, Japan’s largest crypto exchange by volume, is seeing a rapid increase in the number of registered users. “Ironically, many people got interested in cryptocurrencies after this incident,” […]

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Strict Regulations Force South Korean Banks to Stop Servicing Cryptocurrency Exchanges

Strict Regulations Force South Korean Banks to Stop Servicing Cryptocurrency ExchangesFollowing the inspections of six major banks this week, South Korean regulators have uncovered some inadequate internal controls for handling cryptocurrency exchanges. Given the government’s strict rules, some banks have decided to stop providing services to cryptocurrency exchanges instead of overhauling their systems further to comply with the regulations. Also read: South Korea Urges 23 Countries, […]

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Korean Regulators Launch Investigations of Bithumb and Coinone Crypto Exchanges

Korean Regulators Launch Investigations of Bithumb and Coinone Crypto ExchangesThe South Korean regulators have started investigating two major cryptocurrency exchanges. The country’s National Tax Service has conducted an on-site investigation of Bithumb and Coinone. In addition, Coinone is also being investigated by the Korean police for allegedly offering illegal gambling services to investors. Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate […]

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Korean Authority Slaps Exchanges With Licensing Requirements

Korean Authority Slaps Exchanges With Licensing RequirementsThe South Korean government is conducting on-site inspections of crypto exchanges following the release of its emergency measures for cryptocurrency regulation. The regulators have also notified the country’s largest exchanges that they are subject to the Information Security Management System certification requirements. Also read: South Korea Clarifies Position After Reports of Possible Ban on All Crypto […]

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