A number of new cryptocurrency exchanges are launching in South Korea despite being unable to provide full service due to regulatory challenges. Since the Korean government enforced the real-name system on cryptocurrency accounts, banks have only been providing fiat deposit services to the country’s four largest crypto exchanges. Also read: Japan’s DMM Bitcoin Exchange Opens for […]
The post New Crypto Exchanges Launch in South Korea Despite Lack of Fiat Deposits appeared first on Bitcoin News.
Powered by WPeMatico
The Japanese financial regulator will be issuing its first warning since the legalization of cryptocurrencies as a method of payment in Japan. An overseas initial coin offering agency has reportedly been attracting Japanese investors without a license, repeatedly ignoring the agency’s advice to cease operating in the country. Also read: Japan’s DMM Bitcoin Exchange Opens for […]
Russia’s largest bank, the state-controlled Sberbank, has reiterated that it is not mining cryptocurrencies. However, the bank says that it has often caught its employees crypto mining using the bank’s equipment. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Sberbank Claims It’s Not Mining Crypto The state-controlled Sberbank is the largest bank […]
The Hong Kong Securities and Futures Commission has sent letters to seven cryptocurrency exchanges regarding their listings of securities tokens without a license. Most of the exchanges took immediate rectification measures, including removing problematic cryptocurrencies from their platforms. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Hong Kong Takes Action The Hong […]
Thailand’s financial agencies have agreed that regulators cannot stop the use of cryptocurrencies within the country. The relevant ministries will meet and discuss the regulatory framework for digital currencies and initial coin offerings, which is expected to be finalized within a month. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Can’t Stop Crypto […]
Venezuela says it has found a number of foreign investors for the pre-sale of its “oil-backed” national cryptocurrency, the petro. Starting this month, Venezuela is expected to pay companies from Brazil, Poland, Dinamarca, Honduras, Norway, Vietnam, and other nations for food and medicine imports with the petro. Also read: Japan’s DMM Bitcoin Exchange Opens for Business […]
The South Korean prime minister has emphasized that closing down cryptocurrency exchanges is not a serious consideration. His statement clears up any remaining confusion in the market regarding whether the Korean regulators are still considering this option. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Closing Down Exchanges Not Serious Consideration South […]
The case against the South Korean government over cryptocurrency regulations filed with the Constitutional Court has been referred to the Supreme Court. If the court rules that the regulations are unconstitutional, all existing crypto regulations imposed by the government could be nullified. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Case Referred […]
Venezuela’s president Nicolas Maduro has invited all OPEC nations to jointly develop a platform for the trading of oil-backed cryptocurrencies. Venezuela is preparing for a pre-sale of the petro, its oil-backed cryptocurrency which can be used to pay national taxes, fees, and public services. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies […]
Most cryptocurrency investors in South Korea remain anonymous without moving their accounts to the government-mandated real-name system. So far, less than 10% of crypto traders have converted their virtual accounts into real-name ones. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies 8% Conversion Rate So Far The real-name system for cryptocurrency exchange […]