Bithumb Hong Kong subsidiaries reportedly face civil suit from Thai partner
A Thai firm claims that Bithumb’s Hong Kong subsidiaries caused it serious damage by unilaterally halting its business in Thailand. Go to Source Powered by WPeMatico
South Korea
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South Korean Crypto Exchange Bithumb Bans Employees from Trading Bitcoin
One of the largest South Korean cryptocurrency exchanges, in terms of trade volume, Bithumb, has announced that employees are banned from trading bitcoin on the exchange platform. The company’s chief executive officer revealed the decision in a Bithumb newsletter focused on improving “transaction transparency.” Bithumb Bans Employee Bitcoin Trading – Will Monitor for Individuals Who … Read more
Bithumb to ban employees from trading crypto on its platform
After introducing staff-related trading restrictions a while ago, Bithumb will soon completely ban its employees from using its platform to trade crypto. Go to Source Powered by WPeMatico
Korean Crypto Exchanges Consider Suing Government Over Banking Requirements
All cryptocurrency exchanges in South Korea except the largest four may be unable to meet the bank account requirements needed to stay in business. A number of Korean crypto exchanges are considering suing the government and financial authorities, claiming that the country’s crypto law is unconstitutional. A number of exchanges are currently considering filing a … Read more
Crypto exchanges could sue Korean gov’t for ‘passing the buck‘ to banks
With many crypto exchanges in South Korea now on a precipice as a new regulatory framework kicks in, some are threatening to sue the government over its alleged shirking of key responsibilities. Go to Source Powered by WPeMatico
Korean Banks to Be Relieved of Liability for Crypto-Related Crime, Report Suggests
Banking institutions in South Korea have reportedly requested to not be held accountable for crimes linked to cryptocurrencies such as money laundering. According to local media, financial regulators are now developing rules that could relieve Korean banks from responsibility when screening the crypto exchanges they work with. New Guidelines to Appease South Korean Banks Korean … Read more
Korean Government Confiscates $47 Million in Crypto From Tax Evaders
South Korean authorities have identified thousands of tax evaders as part of an intensifying crackdown on tax dodging among crypto investors. Following a prolonged investigation, the government has reportedly seized cryptocurrency worth millions of dollars. Tax Agents Target Wealthy Tax Evaders in Greater Seoul Area More than 53 billion Korean won ($47 million) in crypto … Read more
South Korean crypto exchanges banned from handling coins they issued themselves
Exchange tokens are falling under the scrutiny of South Korean regulators. Go to Source Powered by WPeMatico
Korean Exchanges Delist High-risk Coins as They Face Tough Regulations
Crypto trading platforms in South Korea are delisting certain digital currencies as they move to comply with stricter rules for the industry. The trading of some high-risk coins has been either halted or completely suspended on several Korean exchanges this week. South Korean Exchanges Wipe Trading Lists of Risky Digital Assets Trying to meet Seoul’s … Read more
Regulations drive Korean exchanges to delist, warn against high risk coins
Amid increasing scrutiny and demand from regulators, South Korean crypto exchanges are sifting through their supported assets and delisting or placing high-risk coins on an investor warning list. Go to Source Powered by WPeMatico