Tag: South Korea

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South Korean Financial Regulators Ban Bitcoin Futures Trading

South Korean Financial Regulators Ban Bitcoin Futures Trading It appears that South Korea is bowing out of the race for bitcoin futures trading, leaving the field wide open to the Americans and Japanese. This is not because established financial companies are reluctant to offer the new instruments in the bitcoin obsessed country, but due to…
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December 6, 2017 0

South Korea Launches Cryptocurrency Task Force to Spearhead Regulations

South Korea Launches Cryptocurrency Task Force to Spearhead Regulations South Korea’s government has established a new task force to regulate bitcoin and other cryptocurrency trading. Taking over the effort from financial regulators, the Ministry of Justice has now been put in charge of the task force to establish and implement cryptocurrency regulations. Cryptocurrency Countermeasure Task…
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December 5, 2017 0
Mexico

South Korea Leader Fears Bitcoin Leads Youth to Drugs, Mexico Ready for Crypto

South Korea Leader Fears Bitcoin Leads Youth to Drugs, Mexico Ready for Crypto “There are cases in which young Koreans including students are jumping in to make quick money and virtual currencies are used in illegal activities like drug dealing or multi-level marketing for frauds,” South Korea’s Prime Minister, Lee Nak-yeon, worries. South Korea is a…
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November 29, 2017 0
Bitcoin Mania

After Japan and South Korea – These Countries Are Primed For Bitcoin Mania

After Japan and South Korea – These Countries Are Primed For Bitcoin Mania The world is going crazy for bitcoin. You’ve probably noticed. There’s no need to broach the topic with coworkers, friends, and family anymore: they’re the ones approaching you with questions. If investors in the west are intrigued by bitcoin, South Korea and…
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November 28, 2017 0
Goto Mall

South Korea’s Largest Underground Goto Mall Adds Bitcoin Payments to 620 Stores

South Korea’s Largest Underground Goto Mall Adds Bitcoin Payments to 620 Stores The largest underground shopping mall in South Korea, Goto Mall, has partnered with a local cryptocurrency exchange to enable its 620 stores to accept bitcoin. Spanning 880 meters long, about half a million people walk through the mall each day. Goto Mall, a…
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November 27, 2017 0
Regulate

Regulatory Round-Up: South Korea Says Laissez Faire, Zimbabwe Dislikes and Singapore to Regulate

Regulatory Round-Up: South Korea Says Laissez Faire, Zimbabwe Dislikes and Singapore to Regulate South Korea’s Financial Supervisory Service has stated that it won’t regulate the digital token markets due to cryptocurrencies not comprising a legally recognized financial instrument. In central bank news, Zimbabwe’s central bank has stated that bitcoin is not legal, and Singapore’s central…
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November 25, 2017 0
ATM

One of the World’s Largest ATM Manufacturers Announces Bitcoin Support

One of the World’s Largest ATM Manufacturers Announces Bitcoin Support Buying bitcoin just keeps getting easier, with vendors of all kinds adding support for the cryptocurrency. Just days ago, Square revealed they were adding the ability to buy BTC within their app. Now Hyosung have gotten in on the act by launching bitcoin ATM support.…
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November 17, 2017 0
Governments

Governments Cryptocurrencies Won’t be Able to Compete With Bitcoin, Here´s Why

Governments Cryptocurrencies Won’t be Able to Compete With Bitcoin, Here´s Why Governments are attempting to recreate the success of bitcoin and decentralized cryptocurrencies like Ethereum with the development of permissioned ledgers and state-owned digital currencies. Unfortunately, for governments, centralized cryptocurrencies and permissioned blockchain networks will not succeed and ever secure a fraction of bitcoin’s user base for…
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November 9, 2017 0

Chinese Analyst: ”Bitcoin Nuclear Bomb In New Currency War Between China and USA”

Chinese Analyst: ”Bitcoin Nuclear Bomb In New Currency War Between China and USA” Xiao Lei, a Chinese financial analyst, has published an article that seeks to argue that the spheres of bitcoin and cryptocurrency are increasingly becoming a battleground in “a new currency” war between China and the United States. Despite some bitcoin users describing…
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November 4, 2017 0

Ripple Price Outlook Positive on Korean Volume, Analyst Prediction

Ripple Price Outlook Positive on Korean Volume, Analyst Prediction Ripple’s XRP cryptocurrency has completed the round trip at press time. The ripple-U.S. dollar (XRP/USD) exchange rate jumped to a high of $0.23 at 01:10 UTC today, only to fall back to the session’s opening price of $0.21. As per CoinMarketCap, the cryptocurrency is trading at $0.20 and…
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November 3, 2017 0