real-name accounts – DIGIT INFO

South Korea postpones decision on corporate crypto investments

DIGIT — Wed, 15 Jan 2025 08:37:28 +0000

The regulators focused on crypto investor protection and new stablecoin rules while postponing the question of corporate crypto trading.

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Crypto Exchange Bitfront Said to End Korean Services Ahead of Tough New Regulations

DIGIT — Tue, 17 Aug 2021 23:00:08 +0000

U.S.-based crypto trading platform Bitfront is going to discontinue services in South Korea before stricter rules for the industry are enforced in September, Korean media reported. The exchange, a subsidiary of Japanese tech giant Line, is currently available to Korean traders. Line’s Bitfront Exchange to Discontinue Services for Korean Cryptocurrency Traders With tighter regulations on […]

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South Korean Regulators Warn Dozens of Foreign Exchanges to Comply With New Rules

DIGIT — Thu, 22 Jul 2021 16:49:55 +0000

Overseas crypto exchanges marketing to Koreans will be blocked if they fail to comply with new South Korean regulations. The country’s anti-money laundering body has sent a notice to a number of foreign trading platforms warning them a registration is mandatory in order to provide services to Korean residents. Korean Financial Intelligence Unit Notifies Foreign […]

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Korean Banks Elevate Cybersecurity to Deal With Crypto-Related Risks

DIGIT — Wed, 07 Jul 2021 16:30:20 +0000

South Korean banks are taking steps to bring cybersecurity to a new level as they try to keep up with fintechs and address new threats arising from their interaction with the crypto space. A number of institutions are adopting unprecedented measures including the integration of blockchain technologies, Korean media reported. South Korean Banks Boost Cybersecurity […]

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Korean Crypto Exchanges Consider Suing Government Over Banking Requirements

DIGIT — Tue, 29 Jun 2021 23:00:32 +0000

All cryptocurrency exchanges in South Korea except the largest four may be unable to meet the bank account requirements needed to stay in business. A number of Korean crypto exchanges are considering suing the government and financial authorities, claiming that the country’s crypto law is unconstitutional. A number of exchanges are currently considering filing a […]

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Korean Banks to Be Relieved of Liability for Crypto-Related Crime, Report Suggests

DIGIT — Mon, 28 Jun 2021 11:00:23 +0000

Banking institutions in South Korea have reportedly requested to not be held accountable for crimes linked to cryptocurrencies such as money laundering. According to local media, financial regulators are now developing rules that could relieve Korean banks from responsibility when screening the crypto exchanges they work with. New Guidelines to Appease South Korean Banks Korean […]

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Korean Regulators Widen Investigation of Cryptocurrency Exchanges

DIGIT — Mon, 14 May 2018 15:33:52 +0000

South Korea’s government is widening its probe on cryptocurrency exchanges, particularly the use of corporate accounts which the regulators say can lead to money laundering. This announcement follows the prosecutors launching an investigation on the country’s largest crypto exchange, Upbit. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Widening the Crypto Probe South Korea’s […]

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