How Blockchain is Banking the Unbanked
Over two billion people in the world still do not have a bank account. How could Blockchain integrate unbanked people into the global economy? #BLOCKCHAIN Go to Source Powered by WPeMatico
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South Korea to Cooperate with China and Japan on Regulation
South Korean regulators are seeking cooperation with counterparts from Beijing and Tokyo to address cryptocurrency speculation. Six commercial banks have been targeted by Seoul authorities inspecting crypto trading. Korean experience is to help a possible trilateral approach to regulation. Also read: Vietnam Expedites Cryptocurrency Legal Framework – Ready End of January “Trial-And-Error” to Shape the … Read more
South Korean Banks Get Flash Probe Into Cryptocurrency Exchange Ties
This week will see six Korean banks probed for legal compliance as they serve cryptocurrency exchanges. #BRIEF Go to Source Powered by WPeMatico
Korean Government Starts Inspecting Major Banks for Crypto Regulation Compliance
The South Korean authorities will start inspecting major banks for their compliance with cryptocurrency regulations on Monday. This move follows the regulators’ recent announcement prohibiting the use of virtual bank accounts for anonymous trading. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Inspecting 6 Major Banks The South Korean Financial … Read more
British Bank Says “No” to Crypto Firms from Gibraltar
Less than a week since it started licensing blockchain businesses, Gibraltar has received bad news from the United Kingdom. A leading British bank has refused to process orders from crypto firms based in the overseas territory. Gibraltan banks are now on the lookout for another UK banking partner. Also read: Britain: Where You Can Bet … Read more
The Hype and the Hollowness: Cryptocurrencies’ Over Justified Expectations
Heralded as the revolution for money, finance, data, and a host of other things, there has been some over justified expectations of cryptocurrencies that need to be addressed. #NEW YEAR SPECIAL Go to Source Powered by WPeMatico
Korean Crypto Exchanges Go on Hiring Spree, Stealing Workers From Banks
Major South Korean exchanges are on a hiring spree. The demand for cryptocurrencies and the government’s mandate for stronger security systems are driving the need for additional manpower at crypto exchanges. Their attractive employment benefits and flexible work environment are pulling workers from traditional banks and financial companies. Also read: Russian Regulators Draft Law to Restrict Crypto … Read more
Stellar Rockets into the Cryptocurrency Top 10 After Tripling in a Week
2018 is still in diapers and yet the cryptocurrency top 10 is already looking very different to last year. Gone are the likes of dash, replaced by coins that have never reached these heady heights before: tron and stellar. The latter peaked at number six this week after tripling in value in seven days from … Read more
Korean Lawyers Take Government to Court over Crypto Regulation
A law firm from Seoul has decided to address arbitrary measures taken by authorities to regulate cryptocurrency trade. Korean lawyers have filed an appeal accusing their government of “unconstitutional” infringement on property rights. Newly imposed rules are devaluing virtual currencies, they say. Also read: Koreans Deposited 64 Times More Fiat Into Crypto Exchanges in 2017 … Read more
Koreans Deposited 64 Times More Fiat Into Crypto Exchanges in 2017
The South Korean government has for the first time obtained data of the total amount of fiat deposits made at cryptocurrency exchanges. At the end of last year, the amount of deposits was 64 times higher than in the previous year. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Koreans … Read more
