South Korea

Auto Added by WPeMatico

More Communities Join the Legal Action against Crypto Ads Ban

by

Cryptocurrency associations and businesses from Switzerland, Kazakhstan and Armenia have joined the initiative to sue Internet corporations over restrictions on crypto-related advertisements. The class action lawsuit will be filed in New York. Legal costs will be covered with funds raised through donations to a wallet registered in Estonia.   Also read: Twitter Confirms Restrictions on ICOs … Read more

CEO of Korean Exchange Coinnest among Four Arrested for Fraud

by

South Korean police have arrested four high-ranking representatives of two cryptocurrency exchanges, including Coinnest’s CEO. They were detained on arrest warrants issued after a fraud investigation, prosecutors said. The executives are accused of embezzling funds belonging to customers and may face additional charges. Also read: Three South Korean Crypto Exchanges Raided for Diverting Funds Suspects … Read more

Bitcoin in Brief Thursday: Busted in Bangkok

by

In today’s edition of Bitcoin in Brief, there’s a lot to chew over. The crypto-coaster dazes Asian millennials, Kucoin asks some awkward questions, everyone wants to own an exchange, and why do so many bitcoiners get busted in Bangkok? Also read: Bitcoin in Brief Wednesday: Satoshi’s Millions and the Price of Publicity Kucoin Has a Question … Read more

Bitcoin Mules Flood China as OTC Cryptocurrency Trading Flourishes

by

After the Chinese government banned local bitcoin exchanges from operating in the country some industrious people have begun going abroad to buy the cryptocurrency and reselling it in China for a premium. There are now so many of these ‘bitcoin mules’ that their profit margins are rapidly declining.   Also Read: Okex Fights Market Manipulation … Read more