South Korea

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South Korean Travel Site with Over 50,000 Hotels to Accept 12 Cryptocurrencies

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A South Korean travel website with over 50,000 hotels and other types of accommodation facilities will begin accepting 12 cryptocurrencies, thanks to a partnership between its operator and Bithumb, a major cryptocurrency exchange in Korea. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Pay for 50,000+ Hotels with Crypto One of South Korea’s … Read more

Korean Government Officials De Facto Banned from Holding and Trading Crypto

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The South Korean government has reportedly de facto banned all government officials from holding and trading cryptocurrencies. Even if their crypto activities are not related to their jobs, public officials can still be subject to disciplinary actions. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Public Officials De Facto Banned from Crypto South … Read more

Korea’s Mandatory Crypto Real-Name System Neglected – 19% Conversion Rate

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South Korea’s real-name system for cryptocurrency trading has been enforced for over a month, but most accounts have not been converted to the new system. Banks are still not converting accounts for most crypto exchanges and the government will not force them or investors to use the new system. Also read: Indians Look to Buy Bitcoin … Read more

North Korea Obtained 11,000 bitcoins in 2017, Expert Says

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North Korea may have made over $200 million USD from cryptocurrency transactions last year, according to a former NSA official. DPRK is believed to have obtained at least 11,000 bitcoins through mining or hacking in 2017. Pyongyang continues to exploit the benefits of using cryptos and the cyber security weaknesses of its adversaries, recent reports … Read more

Korea Investigates 20 Public Companies for Using Crypto Claims to Boost Share Prices

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The South Korean financial authorities are investigating 20 publicly listed companies for unfairly using cryptocurrency claims to boost their share prices. Crypto-related companies do not always follow through with their plans after seeing their share prices surge. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Investigating 20 Companies The South Korean Financial Supervisory … Read more