There is no shortage of controversy in the cryptocurrency industry these days. All major trading platforms are being scrutinized by users all over the world. Numerous allegations regarding fake trading volume have surfaced in recent years. Although most of those claims have not been proven, it seems several individuals associated with Komid will face serious jail time. The Komid Trading Volume Scandal South Korea is quickly becoming one of the more prominent regions in terms of cryptocurrency trading. All of its domestic exchanges are doing extremely well these days. Bigger companies such as Bithumb, Korbit, Upbit, and others all seePowered by WPeMatico
Two executives of a South Korean cryptocurrency exchange have reportedly been sentenced to jail for inflating trading volumes on their exchange. The pair allegedly used a bot to fake large orders in both cryptocurrencies and Korean won. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Prison Sentences Two executives of South […]
Over twenty cryptocurrency exchanges in South Korea have agreed to undergo evaluations, including the country’s top four exchanges: Upbit, Bithumb, Coinone, and Korbit. This is part of their self-regulatory efforts, in conjunction with the Korean Blockchain Association. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten 21 Exchanges Participating So Far The Korean Blockchain […]
New cryptocurrency exchanges are rushing to launch in South Korea despite regulatory uncertainty due to high demand and lucrative business models. Ten crypto platforms are expected to open for business in the first half of this year, including two run by Kosdaq-listed companies. Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on […]