South Korea

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Korean Government Clarifies Position After Supreme Court Crypto Ruling

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The South Korean government has clarified its position in response to the recent ruling by the country’s Supreme Court stating that cryptocurrency is an asset with measurable value that can be confiscated. The government says its position should be viewed separately from that of the Supreme Court. Also read: Yahoo! Japan Confirms Entrance Into the Crypto … Read more

South Korean Supreme Court Labels Cryptocurrencies Assets with Measurable Value

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A lot of intriguing developments are taking place in South Korea. It recently became apparent that the government would revise its existing regulations, although no one knew for sure how things would play out. On Wednesday, the South Korean Supreme Court recognized Bitcoin and other cryptocurrencies as assets. Another Plot Twist in South Korea No one will deny the global … Read more

Korean Supreme Court Rules Cryptocurrency Is Asset With Economic Value

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The South Korean Supreme Court has ruled that cryptocurrency is an asset with economic value that can be confiscated. In the case involving a porn site and 191 confiscated BTC, the country’s top court upheld a district court’s ruling. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Supreme Court Has Ruled South Korea’s top … Read more

Bitcoin Price Watch: Currency Down to $7,300

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At press time, bitcoin has fallen to roughly $7,300. This is $100 less than where it stood yesterday afternoon, though the currency was trading for as high as $7,500 during Tuesday’s evening hours. The bitcoin arena is something of a mixed bag. For example, China’s president Xi Jinping recently endorsed blockchain technology, stating that it … Read more

South Korea’s National Assembly Wants to Restore the Domestic ICO Industry

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The South Korean government evidently wants to ease off on cryptocurrency regulation. On Monday, it became apparent that the government will focus on making cryptocurrency trading a lot easier and more straightforward. In another development, it seems the country’s National Assembly wants to allow ICOs once again. Another Regulatory Development in South Korea A lot … Read more

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