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3232South Korean Regulator Excludes Certain NFTs From Crypto Regulations
https://www.digit.info/south-korean-regulator-excludes-certain-nfts-from-crypto-regulations/
Tue, 11 Jun 2024 00:34:51 +0000https://www.digit.info/2024/06/11/south-korean-regulator-excludes-certain-nfts-from-crypto-regulations/Read more]]>South Korea’s top financial regulator has issued guidelines clarifying when non-fungible tokens (NFTs) are considered virtual assets. This distinction aims to minimize the risk of widespread user harm. The guidelines will be part of the Virtual Asset User Protection Act, effective July 19, 2024. FSC Issues New NFT Classification Guidelines On Monday, South Korea’s top […]
]]>South Korean Police Raid Crypto Firm Which Claimed to Possess Sunken Treasure
https://www.digit.info/south-korean-police-raid-crypto-firm-which-claimed-to-possess-sunken-treasure/
Fri, 10 Aug 2018 21:00:13 +0000https://www.digit.info/2018/08/10/south-korean-police-raid-crypto-firm-which-claimed-to-possess-sunken-treasure/Read more]]>In the old days, people invested in gold as a store of wealth as its value was universal and largely stable. However, cryptos changed the game and attracted a lot of investment which otherwise would have gone to gold. But what if you could merge the two? This was the promise that swayed many investors […]
]]>South Korean Millennials Excited About Crypto, New Survey Shows
https://www.digit.info/south-korean-millennials-excited-about-crypto-new-survey-shows/
Fri, 30 Mar 2018 15:00:01 +0000https://www.digit.info/2018/03/30/south-korean-millennials-excited-about-crypto-new-survey-shows/Read more]]>South Koreans in their 20s and 30s are excited about cryptocurrencies and are eager to invest. This is according to a study carried out by the Bank of Korea, the country’s central bank. The survey was released on Tuesday and showed general support for digital currencies in the East Asian nation despite recent drastic declines in prices. Breaking down the numbers The survey by the BOK involved 2,511 participants from across the country. Of these, 21.6% said they were aware of the existence of cryptocurrencies. This number was much higher among millennials, at 29.4% among people in their 20s and 40.3% among respondents
]]>South Korean Officials to Begin On-Site Probes of Domestic Banks
https://www.digit.info/south-korean-officials-to-begin-on-site-probes-of-domestic-banks/
Tue, 09 Jan 2018 15:15:34 +0000https://www.digit.info/2018/01/09/south-korean-officials-to-begin-on-site-probes-of-domestic-banks/Read more]]>The South Korean government has continued to tighten its regulatory grip on the country’s cryptocurrency market, and this time, it’s going after banks directly. Government officials plan to conduct on-site inspections of 6 major Korean banks throughout the week to ensure that regulations for virtual accounts are being properly followed. These inspections are the latest development in a series of moves by South Korea’s government to curb cryptocurrency investment by cracking down on illegal practices such as fraud and money laundering. Big Brother Knocks on Big Banking’s Door As originally reported by Yonhap News Agency, South Korean financial officials will conduct
South Korea’s top financial regulator has issued guidelines clarifying when non-fungible tokens (NFTs) are considered virtual assets. This distinction aims to minimize the risk of widespread user harm. The guidelines will be part of the Virtual Asset User Protection Act, effective July 19, 2024. FSC Issues New NFT Classification Guidelines On Monday, South Korea’s top […]
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South Koreans in their 20s and 30s are excited about cryptocurrencies and are eager to invest. This is according to a study carried out by the Bank of Korea, the country’s central bank. The survey was released on Tuesday and showed general support for digital currencies in the East Asian nation despite recent drastic declines in prices. Breaking down the numbers The survey by the BOK involved 2,511 participants from across the country. Of these, 21.6% said they were aware of the existence of cryptocurrencies. This number was much higher among millennials, at 29.4% among people in their 20s and 40.3% among respondents
The South Korean government has continued to tighten its regulatory grip on the country’s cryptocurrency market, and this time, it’s going after banks directly. Government officials plan to conduct on-site inspections of 6 major Korean banks throughout the week to ensure that regulations for virtual accounts are being properly followed. These inspections are the latest development in a series of moves by South Korea’s government to curb cryptocurrency investment by cracking down on illegal practices such as fraud and money laundering. Big Brother Knocks on Big Banking’s Door As originally reported by Yonhap News Agency, South Korean financial officials will conduct