Coinone – DIGIT INFO

South Korean crypto exchanges face unexpected supervisory fees

DIGIT — Thu, 01 Aug 2024 08:44:53 +0000

Introducing supervisory fees marks a crucial step toward increased regulation and oversight.

Phishing victim sends eye-watering $4.5M in USDT to scammer

DIGIT — Thu, 21 Sep 2023 06:11:16 +0000

On-chain data shows the $4.5 million was first transferred from the Kraken crypto exchange before eventually arriving at an address purportedly owned by a scammer.

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WEMIX token plunges 70% after it’s delisted by Korean exchanges

DIGIT — Fri, 25 Nov 2022 01:25:50 +0000

DAXA claimed that the circulating number of WEMIX exceeds what has been disclosed by Wemix, much to the chagrin of the issuers.

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Report: South Korean Crypto Exchanges to Create Body to Preempt Another Terra LUNA Type of Collapse

DIGIT — Tue, 14 Jun 2022 11:30:25 +0000

Five South Korean cryptocurrency exchanges said they intend to create a consultative organization which will help prevent a repeat of a Terra LUNA-style token collapse. The organization is expected to achieve its objectives by applying standards that are endorsed by the crypto exchanges. Screening Guidelines Five of South Korea’s leading domestic cryptocurrency exchanges have said […]

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Report: Five South Korean Crypto Exchanges Respond to Litecoin MWEB Upgrade by Delisting the Coin

DIGIT — Sun, 12 Jun 2022 09:00:55 +0000

Five South Korean cryptocurrency exchanges recently said they will delist litecoin because the crypto asset’s Mimblewimble Extension Blocks (MWEB) upgrade violates the country’s laws. As a result, the exchanges’ users cannot use the Korean won to trade the crypto asset, which has since been named a “dark coin.” Upgrade Violates Specific Financial Information Act Following […]

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LABEL Foundation Debuts on Top Digital Asset Exchange in South Korea

DIGIT — Fri, 25 Feb 2022 22:00:10 +0000

PRESS RELEASE. LABEL Foundation recently gained authorization from one of South Korea’s main exchanges and a listing position with KRW (South Korean currency), the advancement has immediately followed after Clesson (the parent company) garnered equity capital from two significant investment firms with a strong presence in the local market. The aforementioned exchange was revealed as […]

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Donated or Inherited Virtual Assets to Be Taxed by South Korea’s NTS

DIGIT — Fri, 31 Dec 2021 12:00:00 +0000

Starting in the year 2022, donated or inherited virtual assets will be assessed and taxed accordingly, South Korea’s National Tax Service has said. Dunamu, Bithumb Korea, Korbit, and Coinone are the new virtual asset service providers (VASPs) tasked with evaluating digital assets for such tax purposes. Virtual Asset Service Providers Tasked With Evaluating Crypto Gifts […]

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Coinone will stop withdrawals to unverified external wallets

DIGIT — Wed, 29 Dec 2021 18:00:00 +0000

The exchange plans to verify users’ names and resident registration details to ensure crypto transactions were “not used for illegal activities such as money laundering.”

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Major Korean Exchanges Secure Real-Name Account Arrangements With Local Banks

DIGIT — Fri, 10 Sep 2021 09:30:56 +0000

Leading cryptocurrency exchanges in South Korea have reached agreements with Korean banks to maintain the issuance of real-name accounts, media reports revealed. The deals, although not yet permanent, will allow the trading platforms to register with financial authorities before the Sept. 24 compliance deadline. Bithumb, Coinone and Korbit Maintain Partnerships With Korean Banks Banks have […]

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Bithumb to Ban Foreign Traders Failing Mobile Phone Identification

DIGIT — Sat, 04 Sep 2021 10:30:19 +0000

South Korean crypto exchange Bithumb said it will deny access to foreigners unable to verify their identities via mobile phone. The decision comes as the trading platform moves to comply with the country’s updated regulations coming into force later this month. Korean Exchange Bithumb Prepares to Register Under New Rules Foreign nationals who do not […]

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