The leaders of a fake crypto exchange are now behind bars
Choi and Park lost their last chance not to serve a jail time. Go to Source Powered by WPeMatico
South Korea
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Korean Police Seize Crypto Exchange Coinbit Over Allegations of $84 Million in Wash Trades
Police in South Korea on Wednesday raided and seized the offices of Coinbit, the country’s third largest crypto exchange, over allegations it faked 99% of its trading volume. According to a report from Seoul News, local police took control of Coinbit’s headquarters in Gangnam as well as other sites elsewhere. Police accuse the exchange’s owner … Read more
ICON app offers remote KYC for South Korea’s second-largest bank
Smartphone users in South Korea can open bank accounts remotely with KYC verification via an ICON-powered app. Go to Source Powered by WPeMatico
Major Korean crypto exchange seized after 99% trading volume allegedly faked
Police claim that wash trading and market manipulation by the owner and management team of the Coinbit exchange netted over 100 billion won. Go to Source Powered by WPeMatico
A Blockchain company in Seoul may be ground zero for a fresh resurgence of COVID-19
A major South Korean tech hub is under scrutiny by local health authorities. Go to Source Powered by WPeMatico
This South Korean City is Spending Millions to Turn People Into Blockchain Experts
Daegu is still in the race for blockchain dominance. Go to Source Powered by WPeMatico
Korean Tourist Hotspot Mandates Use of COVID-19 Blockchain App
South Korean tourist island tries to stay open and safe with blockchain technology. Go to Source Powered by WPeMatico
East vs. West — How Does Cryptocurrency Adoption Compare?
For the East and West, the paths to blockchain and cryptocurrency adoption are not the same and both have their own challenges. Go to Source Powered by WPeMatico
Major South Korean Chat App Bets Big on NFT-Based Stock Trading
The race for blockchain adoption is on in South Korea. Go to Source Powered by WPeMatico
Four of the Top Five South Korean Banks to Offer Crypto Services
Two more South Korean banks are looking at crypto custody options. Go to Source Powered by WPeMatico
