South Korea

Auto Added by WPeMatico

South Korea Orders 12 Crypto Exchanges to Revise Consumer Contracts

by

South Korea’s financial watchdog today ordered a dozen cryptocurrency exchanges to update their adhesion contracts, which the agency claims causes problems for users in withdrawals, and generally puts the businesses way ahead of consumers on all levels. Also read: Trezor to Implement Bitcoin Cash Addresses South Korea Orders Exchanges to Revise Adhesion Contracts The Republic of … Read more

Taiwan Looks to Regulate Bitcoin Under Anti-Money Laundering Laws

by

楊金龍 Yang Chin-long, Governor of the Central Bank of the Republic of China (Taiwan), has suggested to the country’s lawmakers that bankers are watching cryptocurrency prices closely, and that it has recommended bitcoin should be regulated under existing anti-money laundering laws. Also read: Trezor to Implement Bitcoin Cash Addresses Taiwan Set to Regulate Bitcoin Under Anti-Money … Read more

Bitcoin Price Watch: Things Looking Up from Here?

by

Bitcoin has gained back the $200 it lost yesterday. At press time, the currency is trading for just under $7,100. Nothing huge, but that’s still better than yesterday’s “high” of $6,900. The major sentiment is that the alleged death cross has failed; bitcoin’s level of resistance has strengthened, and the low points are possibly over … Read more

Crypto Still Tax Free in Korea but Regulators Have Set Timeframe for Taxation

by

Cryptocurrency transactions are still tax-free in South Korea due to a lack of tax regulations. As the law stands, citizens are able to profit millions of won from cryptocurrencies without being required to pay taxes on them. However, the regulators have set a tentative timeframe for the introduction of the crypto tax law. Also read: Japan’s … Read more

Huobi Officially Launches in South Korea with 100 Cryptocurrencies

by

Huobi has officially launched in South Korea. The platform facilitates the trading of 100 cryptocurrencies and 208 markets. The exchange is also creating an investor protection fund and program to immediately compensate for any losses that are not investor error. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Huobi Korea Launched Huobi … Read more