Tag: South Korean government

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Regulator

Cryptocurrency Regulator Found Dead at His Home in South Korea

Cryptocurrency Regulator Found Dead at His Home in South Korea South Korea has been a leading market for bitcoin over the last year or so in terms of adoption, trading volumes, and regulatory response. Now one of the top figures in the government associated with regulating cryptocurrency has passed away, with stress suspected to be…
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February 20, 2018 0
Crypto Accounts

Commission Income From Crypto Accounts Jumped 36 Times for South Korean Banks

Commission Income From Crypto Accounts Jumped 36 Times for South Korean Banks South Korean banks have been providing virtual account services to cryptocurrency exchanges and earning commissions from them. According to data obtained by the country’s Financial Supervisory Service, banks made 36 times more in commission income from crypto exchanges last year than the previous…
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January 19, 2018 0
Cryptocurrency Exchanges

South Korean Regulator: In Reality Impossible to Close Cryptocurrency Exchanges

South Korean Regulator: In Reality Impossible to Close Cryptocurrency Exchanges The South Korean Fair Trade Commission (KFTC) does not have the authority to close cryptocurrency exchanges. “It is impossible in reality,” said the KFTC chairman. The agency is currently investigating 13 major exchanges operating in the country for alleged violations of the e-commerce law. No…
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January 18, 2018 0
Petition

215,000+ Sign Petition Against South Korean Crypto Regulation – Government to Respond

215,000+ Sign Petition Against South Korean Crypto Regulation – Government to Respond A national petition against extreme cryptocurrency regulations in South Korea has exceeded 200,000 signatures, the requirement for the government to respond. The petition entitled “Has the government ever dreamed a happy dream for the people?” was filed on December 28. Meanwhile, another related…
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January 17, 2018 0
Crypto Crackdown

Korea’s Crypto Crackdown Talk Draws Backlash From Users and Politicians

Korea’s Crypto Crackdown Talk Draws Backlash From Users and Politicians More than 100,000 South Korea residents have signed petitions asking the government there to step back from any plans to close the country’s cryptocurrency exchanges. Earlier this week, the South Korean Justice Ministry announced that it was preparing legislation to close the country’s online exchanges amid a…
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January 13, 2018 0
South Korean

Panic selling on South Korean exchange raids

Panic selling on South Korean exchange raids Traders in Asia have a huge influence on cryptocurrency markets. So much so that when news comes out of South Korea of police raids on exchanges and a possible all-out crypto ban the markets take a nose dive. Two of the largest exchanges in the country and the…
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January 11, 2018 0