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In this roundup, we cover crypto regulatory developments amid the global crisis effected by the coronavirus outbreak, bank closures, interest rate cuts, and plunging stock markets. Through it all, governments worldwide are still focusing on cryptocurrency regulation, including the U.S., South Korea, India, and Russia. Also read: Bitcoin Legal in India — Exchanges Resume INR … Read more
A state-based pilot program aims to provide funding to nine blockchain startups in South Korea Go to Source Powered by WPeMatico
Check the bad crypto news of the past week. Go to Source Powered by WPeMatico
CipherTrace has detailed how two men managed to fool KYC processes and launder more than $100 million of stolen crypto on mainstream exchanges Go to Source Powered by WPeMatico
Korean exchange Bithumb has partnered with Chainalysis to monitor transactions and ensure compliance with new South Korean regulations Go to Source Powered by WPeMatico
South Korea’s National Assembly finally passed a bill that provides a framework for the regulation of cryptocurrencies and exchanges. Crypto service providers will be required to use the real-name verification system and comply with reporting requirements in line with the global cryptocurrency standards set by the Financial Action Task Force (FATF). Also read: Bitcoin Legal … Read more
Virtual currency exchanges in South Korea will soon have to report their activities to regulators after receiving real-name confirmed bank accounts Go to Source Powered by WPeMatico
The Litecoin Foundation hopes to drive LTC adoption in Asia through the new partnership with MeconCash Go to Source Powered by WPeMatico
South Korea’s NongHyup Bank rolls out first commercial use of blockchain ID technology backed by tech giant Samsung Go to Source Powered by WPeMatico
A group of companies in South Korea and Philippines have joined RippleNet to bolster the remittance business Go to Source Powered by WPeMatico
