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South Korea’s central bank says crypto poses “insignificant” risks for financial institutions, with domestic banks holding a “not really big” $1.79 bln in crypto at the end of 2017 Go to Source Powered by WPeMatico
It’s finally happened! At press time, the father of digital currency has leapt to the $6,700 mark and conquered its latest plane of resistance. After weeks of analysts going at it (Will bitcoin reach $6,700? Will bitcoin reach $6,700?), it appears the currency has defeated its latest obstacle. Now, $7,000 could easily be in bitcoin’s … Read more
The South Korean government is drafting major new industry classification standards for blockchain to serve as a basis for policy making, promotion and regulation Go to Source Powered by WPeMatico
Korean authorities, the KCC and KISA, have announced a joint probe into crypto exchange operators’ handling of personal data together with third party service providers Go to Source Powered by WPeMatico
South Korea’s top financial regulator recently told 23 other countries’ regulators that the kimchi premium has fizzled since the anonymous trading of cryptocurrencies was banned in the country. Now, the government is introducing a new guideline to prevent local crypto exchanges from buying cryptocurrencies at foreign exchanges. Also read: Yahoo! Japan Confirms Entrance Into the Crypto … Read more
To approach the fourth industrial revolution, South Korea has to drop that ICO ban Go to Source Powered by WPeMatico
Korea’s Kakao Corporation’s blockchain subsidiary is considering offering a private placement next month to gain capital from consumer service companies Go to Source Powered by WPeMatico
South Korea’s Financial Services Commission released new AML guidelines that require crypto exchanges to conduct proper customer ID due diligence Go to Source Powered by WPeMatico
Bithumb announces less crypto stolen than originally reported, due to crypto exchange, foundation support and quickly moving holdings into a cold wallet Go to Source Powered by WPeMatico
One of the most controversial topics in the crypto industry, taxation, has yet to be settled by regulators. The industry has been kept guessing what policies regulators will eventually agree on, and with different regions and countries having very different outlooks on cryptocurrency, there is no telling what laws to anticipate. The South Korean crypto … Read more
