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South Korea’s lawyers are lobbying the country’s government to step up its action and finalize a legal framework for cryptocurrencies Go to Source Powered by WPeMatico
One of the world’s leading crypto exchanges, Bithumb, will launch a cryptocurrency payment service in partnership with Qoo10, an e-commerce giant in the pan-Asian market Go to Source Powered by WPeMatico
In what’s turning out to be a popular trend, Bitstamp cryptocurrency exchange has been acquired by a South Korean investment firm. Bitstamp, which is the oldest major exchange in the world, disclosed the deal today, October 29. NXC, the South Korean tech investment giant made the purchase through its Belgium-based subsidiary, NXMH. The purchase comes … Read more
The breakeven cost of Bitcoin mining is at around $7,000 to $8,000. Yet, miners are still mining at a loss Go to Source Powered by WPeMatico
Major South Korean crypto exchange Bithumb has reportedly signed an agreement with American fintech firm SeriesOne to open a security token exchange in the U.S. Go to Source Powered by WPeMatico
The chairman of Korea’s financial regulator has affirmed that crypto exchanges should face no issues with banking provisions, provided they apply AML and KYC measures Go to Source Powered by WPeMatico
South Korean financial regulators are cracking down on unauthorized cryptocurrency funds. In particular, one crypto fund launched by a local exchange is reportedly being investigated. The exchange claims no wrongdoing as its token activities were carried out overseas, but has promptly canceled its plan to launch a second fund. Also read: Yahoo! Japan Confirms Entrance Into … Read more
Bitstamp has been bought by South Korean investors — here’s how it might affect the company’s future Go to Source Powered by WPeMatico
Bitstamp has confirmed that it has been acquired by a European subsidiary of a South Korean corporation. Nejc Kodrič will remain the CEO of the exchange. The Korean group also owns gaming giant Nexon and Korbit, the country’s fourth largest crypto exchange. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Bitstamp Acquired The oldest … Read more
In this edition of Regulations Roundup, we focus on the U.S. Securities and Exchange Commission’s (SEC) ongoing discussions with companies that are interested in setting up cryptocurrency funds. We also look at a recent warning by the South Korean financial regulator about virtual currency investments, as well as a call by the CEO of U.S. … Read more
