‘Nothing Finalized’: South Korea Gov’t Ministries Diverge Over Crypto Ban Proposal
Conflicting reports on South Korea’s crypto trading ban proposal, FUD causes sell-off #REGULATIONS Go to Source Powered by WPeMatico
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Korean Regulators Launch Investigations of Bithumb and Coinone Crypto Exchanges
The South Korean regulators have started investigating two major cryptocurrency exchanges. The country’s National Tax Service has conducted an on-site investigation of Bithumb and Coinone. In addition, Coinone is also being investigated by the Korean police for allegedly offering illegal gambling services to investors. Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate … Read more
CoinMarketCap Removes South Korea Exchanges, Ripple Market Cap Drops $20 Billion
CoinMarketCap drops S. Korean exchanges, the market — and especially Ripple — drops in response #BRIEF Go to Source Powered by WPeMatico
South Korea Urges 23 Countries, EU, and IMF to Collaborate on Curbing Crypto Trading
The South Korean government has called for financial regulators and central bankers of 23 other countries as well as 12 organizations, including the International Monetary Fund and the European Union, to collaborate on curbing cryptocurrency trading. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Other Regulators Urged to Take Action … Read more
South Korea to Cooperate with China and Japan on Regulation
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
Cryptocurrency Market Takes a Tumble as Ripple Bubble Fear Looms
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
South Korea Found a Way to Tax Cryptocurrencies Under Current Law
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
Coinmarketcap Excludes South Korean Prices, Total Market Cap Drops by $50bn
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
South Korean Banks Get Flash Probe Into Cryptocurrency Exchange Ties
This week will see six Korean banks probed for legal compliance as they serve cryptocurrency exchanges. #BRIEF Go to Source Powered by WPeMatico
Local Bitcoin Meetups Are Booming Worldwide
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