South Korean Travel Site with Over 50,000 Hotels to Accept 12 Cryptocurrencies

A South Korean travel website with over 50,000 hotels and other types of accommodation facilities will begin accepting 12 cryptocurrencies, thanks to a partnership between its operator and Bithumb, a major cryptocurrency exchange in Korea. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Pay for 50,000+ Hotels with Crypto One of South Korea’s … Read more

Korean Government Officials De Facto Banned from Holding and Trading Crypto

The South Korean government has reportedly de facto banned all government officials from holding and trading cryptocurrencies. Even if their crypto activities are not related to their jobs, public officials can still be subject to disciplinary actions. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Public Officials De Facto Banned from Crypto South … Read more

Korea’s Mandatory Crypto Real-Name System Neglected – 19% Conversion Rate

South Korea’s real-name system for cryptocurrency trading has been enforced for over a month, but most accounts have not been converted to the new system. Banks are still not converting accounts for most crypto exchanges and the government will not force them or investors to use the new system. Also read: Indians Look to Buy Bitcoin … Read more

Kaliningrad Offers Tax Breaks to Attract Bitcoiners

Crypto regulations have not been adopted in Russia yet, but a string of words and deeds suggests that Moscow may take full advantage of the “phenomenon” in order to uphold national interests. Ideas and proposals to attract businesses and human capital in areas of strategic importance across the vast country have been circulated by officials … Read more

BTC Transaction Volume Reaches Two-Year Low

The seven-day average for the number of daily bitcoin transactions has reached a two-year low, recently dropping below 160,000 for the first time since March 2016. The lull in transactions coincides with the weekly volume of bitcoins exchanged through peer-to-peer (P2P) trading volume on Localbitcoins recently dipping below 6,000 for the first time since February … Read more