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South Korean regulators are seeking cooperation with counterparts from Beijing and Tokyo to address cryptocurrency speculation. Six commercial banks have been targeted by Seoul authorities inspecting crypto trading. Korean experience is to help a possible trilateral approach to regulation. Also read: Vietnam Expedites Cryptocurrency Legal Framework – Ready End of January “Trial-And-Error” to Shape the … Read more
The top 16 cryptocurrencies have all plunged between three and 39 percent today as altcoin bubble fears loom and Bitcoin feels the pinch. #ANALYSIS Go to Source Powered by WPeMatico
The South Korean government has announced that some taxes can be applied to cryptocurrencies under the current law, which will be finalized in the first half of this year. Other taxes are also being considered but some are not easily implemented under the current tax system. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, … Read more
Most cryptocurrency enthusiasts are well aware of how the prices on Coinmarketcap look skewed. This is mainly because they continue to factor in the Korean prices for the global average. Although that is only normal, it also makes the markets look a lot healthier than they really are. As a result, the platform is now … Read more
This week will see six Korean banks probed for legal compliance as they serve cryptocurrency exchanges. #BRIEF Go to Source Powered by WPeMatico
Bitcoin and digital currencies have become very popular worldwide, and many newcomers want to learn about this fascinating technology. Of course, they can research the subject online and read about bitcoin in the headlines, but lots of people are gaining knowledge from local bitcoin meetups; a trend that’s been booming all over the world for … Read more
Two major Chinese cryptocurrency exchanges have delayed their launches in South Korea due to uncertainties surrounding the government’s regulation. The regulators are currently working on a real-name identification system that will end the anonymous trading of cryptocurrencies in the country. Also read: Russian Cryptocurrency Bill Is Ready – Regulators Share Details4 A Bump in the Road … Read more
Seoul-based law firm prepares to fight new crypto trading regulations in the country, calling them ‘unconstitutional’. #NEWS Go to Source Powered by WPeMatico
A law firm from Seoul has decided to address arbitrary measures taken by authorities to regulate cryptocurrency trade. Korean lawyers have filed an appeal accusing their government of “unconstitutional” infringement on property rights. Newly imposed rules are devaluing virtual currencies, they say. Also read: Koreans Deposited 64 Times More Fiat Into Crypto Exchanges in 2017 … Read more
Total crypto market cap hits record high over $700 bln, spurred on by rises in altcoins, while BTC dominance drops to record lows Go to Source Powered by WPeMatico
