Korean crypto ‘Jedi Master’ plans to launch second VC blockchain fund
Blockchain VC investment firm Hashed is seeking $173 million for a second fund. Go to Source Powered by WPeMatico
South Korea
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Bithumb to Ban Foreign Traders Failing Mobile Phone Identification
South Korean crypto exchange Bithumb said it will deny access to foreigners unable to verify their identities via mobile phone. The decision comes as the trading platform moves to comply with the country’s updated regulations coming into force later this month. Korean Exchange Bithumb Prepares to Register Under New Rules Foreign nationals who do not … Read more
Bithumb crypto exchange reportedly bans foreigners without mobile KYC
Bithumb’s stricter KYC requirements come in line with South Korea’s tightened Anti-Money Laundering regulations regarding foreign users of crypto exchanges. Go to Source Powered by WPeMatico
Leading South Korean telecom firm adopts blockchain for carbon ambitions
South Korean telecommunication giant KT Corp announced its intent to launch a blockchain digital document initiative to tackle carbon emissions. Go to Source Powered by WPeMatico
30-somethings led crypto purchases at South Korean exchanges in 2021
The increased trading volume comes following the country’s Financial Services Commission requiring crypto trading platforms to register as digital asset service providers before Sept. 24. Go to Source Powered by WPeMatico
Korea’s FSC Chairman Nominee Skeptical Over Cryptocurrency as Financial Asset
A former central bank official, nominated to head South Korea’s financial watchdog, has expressed skepticism about recognizing cryptocurrency as a financial asset. In comments to a parliamentary committee, Koh Seung-beom has confirmed his views on the matter align with those of international institutions. Candidate to Head Korea’s Financial Regulator Says Crypto Is Not Currency […] … Read more
Korean FSC chair nominee doesn’t think crypto is a financial asset
Seung-beom Koh said that fintech experts across the globe “find it difficult to see virtual currencies as a financial asset.” Go to Source Powered by WPeMatico
Upbit reportedly first crypto exchange to file with Korean regulators
Upbit is one of South Korea’s largest cryptocurrency exchanges alongside Bithumb, Coinone and Korbit — who are collectively referred to as “The Big Four.” Go to Source Powered by WPeMatico
Crypto Exchange Bitfront Said to End Korean Services Ahead of Tough New Regulations
U.S.-based crypto trading platform Bitfront is going to discontinue services in South Korea before stricter rules for the industry are enforced in September, Korean media reported. The exchange, a subsidiary of Japanese tech giant Line, is currently available to Korean traders. Line’s Bitfront Exchange to Discontinue Services for Korean Cryptocurrency Traders With tighter regulations on … Read more
Korean internet giant Kakao expands blockchain presence to Singapore
Kakao wants to keep up with the enterprise blockchain competition in Asia as it eyes expansion to Singapore. Go to Source Powered by WPeMatico