Crypto 18/07/21 19:00 by Asad Gillani

Major Korean Bank Set To Provide Cryptocurrency Custody Services

Woori Bank, the South Korean financial institution, enters the DACS (cryptocurrency custody services) market. The Woori Financial Group will start offering its client cryptocurrency custody services. ...
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Crypto 12/07/21 18:38 by Asad Gillani

Authorities Arrest Perpetrators For Illicit Cryptocurrency Transactions

South Korean Law enforcement authorities have taken 33 individuals into custody for conducting illegal cryptocurrency transactions of $1.5 billion. In addition, these individuals carried out some ille...
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Bitcoin 05/04/21 22:00 by Tony Spilotro

Why The Return Of The Kimchi Premium Doesn’t Bode Well For Bitcoin

Bitcoin price is currently trading at a substantial premium on South Korean crypto exchanges – more than $6,000 per coin in USD equivalent. However, in the past this so-called “Kimchi Prem...
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Bitcoin 05/04/21 19:15 by Bernice Nyambura

Bitcoin Price Hits $68,000 In South Korea

Bitcoin’s market price in most if not all major exchanges is around $58k at the time of writing, but in South Korea, the top crypto asset is currently trading at a 15% premium of $68,000, according...
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Bitcoin 27/03/21 16:58 by Tokoni Uti

Bank of Korea Governor Says CBDCs Will Shrink Demand for Bitcoin

It seems that a wave of CBDCs will be upon the crypto world soon. China is actively rolling out its digital yuan, France is testing the digital euro, and calls for the United States to begin work on ...
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Crypto 23/03/21 14:53 by Bernice Nyambura

Crypto Exchange OKEx Is Shutting Down In South Korea

OKEx cryptocurrency exchange has said it will terminate its South Korea-based business, following the introduction of an updated Anti-Money-laundering (AML) in the country. The exchange’s spokes...
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Bitcoin 19/03/21 12:00 by Yashu Gola

Morgan Stanley Eyes Bitcoin Exchange Acquisition After Crypto Rallies 1,500%

Key Bitcoin Takeaways A South Korean media outlet reported that Morgan Stanley plans to acquire Bithumb, a local bitcoin exchange. The news surfaced two days after the American banking giant decided ...
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Bitcoin 15/03/21 16:51 by Adrian Klent

Bitcoin trading volume in South Korea dismounts county’s entire stock exchange market

On the 14th of March, the daily domestic cryptocurrency transactions from the four major Crypto exchanges in South Korea surprisingly exceeded the combined daily average transaction of KOSPI and KOSD...
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Other 15/03/21 10:49 by PR DESK

Xeno Holdings Invests In South Korean-Based CityLabs Co. Ltd

Xeno Holdings Limited, a Hong Kong-based technology investment company, has invested major capital in CityLabs Co. Ltd to further venture into the South Korean market and Asia at large. The company h...
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Mining 23/12/20 17:07 by Livine Sanchez

Blockchain Investment Fund Hashed Raises $120 Million in 3 Months

Hashed, the Seoul-based blockchain investment group, has announced a new milestone after raising $120 million in three months.  The company, which launched in 2017 and has offices in San Fran...
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Altcoins 04/08/20 05:00 by Nick Chong

Ethereum’s DeFi Space Just Saw An Exit Scam: Here’s How It Went Down

The growth in Ethereum’s decentralized finance space has been one of the biggest wealth-generation events in the crypto space of the past year. Coins pertaining to “DeFi,” as this pa...
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Crypto 23/07/20 09:15 by Olivia Brooke

South Korea will implement a 22% tax law on Cryptocurrencies come 2021

The South Korean government has ordered the implementation of a tax law that will require a variety of assets to pay taxes. Said tax law will be effective in 2021; five months from now. The announ...
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Crypto 18/05/20 01:00 by priyeshu

Korea to Decide on $380M Blockchain Development Fund by the End of the Month 

Korea’s Ministry of Science and ICT is set to decide whether or not to proceed with a huge blockchain development project at the end of the month. The fund is set to invest 480 billion won, or aroun...
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Crypto 27/04/20 15:37 by Brenda Ngari

Why Kim Jong-un’s Rumored Death Could Rattle The Crypto Markets

North Korea’s leader, Kim Jong-Un, has not been seen in public for over two weeks now. Several publications are now reporting that he is brain-dead after a sloppy cardiovascular surgery that left h...
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Bitcoin 26/04/20 03:00 by Nick Chong

No, Kim Jong Un’s “Vegetative State” Won’t Cause a Bitcoin Crash

It’s only April but 2020 has already been a crazy year: Bitcoin crashed 50% in a 36-hour time frame, the outbreak of COVID-19 has started, the price of oil went negative as recession fears have ...
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Altcoins 21/04/20 20:40 by BitcoinPrbuzz

EzyStayz Partners with DexOne to Roll Out New Tokens on FobIgate Crypto Exchange

EzyStayz, a leading Australian global holiday rental website is set to launch its native cryptocurrency on Korean crypto exchange, FobIgate on April 20th, 2020, at an introductory price of $0.005. ...
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Altcoins 17/04/20 12:30 by Olivia Brooke

Ripple sets out to spur global innovation through partnership with Korea’s micro Remittance firms

The future of Ripple as a leading remittance network in the global financial scenes is one that is already proving itself highly reliable as it gains adoption from far and near. Positioning itself as...
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Other 13/04/20 15:00 by PR DESK

BTour Chain successfully launched its SoT solution, an IoT based satisfaction survey system

BTour Chain, a global tourism-donation blockchain-based platform, announced the launch of its first IoT based tourists’ satisfaction survey system called “SoT” (Satisfaction of Thin...
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Altcoins 11/04/20 02:00 by Nick Chong

Crypto Tidbits: Bitcoin Loses $7k, Blockchain Layoffs, Ethereum DeFi Explodes

Another week, another round of Crypto Tidbits. Bitcoin has effectively been flat on the week, recently returning to around where it started the week after briefly interacting with the ever-important ...
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Other 09/04/20 17:29 by Tolu

Binance Responds to Claims it Stole $1 Million Worth of User Funds

Major crypto exchange Binance has responded to claims that it fraudulently held on to $1 million worth of cryptocurrencies. The accusation came from a Binance user in Ukraine and was first reported i...
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Other 06/04/20 15:22 by Brenda Ngari

South Korea’s Central Bank Initiates Pilot Scheme For Trialing Digital Won

The central bank of South Korea announced today the launch of a pilot scheme to test the viability of its own digital currency to replace its current payment systems. Although the Bank of Korea ex...
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Altcoins 31/03/20 12:44 by Brenda Ngari

Why Binance’s Expansion Into South Korea Might Greatly Benefit Ripple’s XRP

Binance, the world’s largest cryptocurrency exchange is set to launch a crypto-to-crypto exchange in South Korea through its cloud solution. According to a blog post on March 31, 2020, the new exch...
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Crypto 08/03/20 08:36 by Brenda Ngari

After Germany, India, South Korea, And France, Are More Countries Likely To Warm Up To Crypto Real Soon?

The past couple of days have been spectacular in terms of bolstering crypto adoption. Financial regulators and lawmakers in India, South Korea, Germany, and France have softened their stance towards ...
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Crypto 05/03/20 14:14 by Brenda Ngari

Bullish Signal: South Korean Parliament Passes Law That Fully Legalizes Cryptocurrency Holding And Trading

Yesterday, India’s Supreme Court quashed the Central bank’s crypto ban that was curtailing cryptocurrency trading in the country. The crypto community perceived this as a big adoption boost for b...
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Altcoins 28/02/20 08:08 by Brenda Ngari

Litecoin Foundation Strengthens Its Presence In South Korea Via A New Partnership With MeconCash

Litecoin Foundation has partnered with South-Korean cryptocurrency company MeconCash to integrate Litecoin’s native cryptocurrency, LTC, on its payments platform. With this collaboration, LTC to Ko...
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Altcoins 22/02/20 12:00 by Mr Oak

Tezos (XTZ) and ICON (ICX) To Outperform Most Altcoins in 2020. Here’s Why

This year promises to be a good one for altcoins and the crypto market in general. The performance from these altcoins from the start of the year to this time further strengthens the notion of them t...
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Other 15/12/19 03:00 by JP Buntinx

South Korea Will Research Central Bank Digital Currencies

South Korea is an important region when it comes to cryptocurrencies. It now appears the country’s central bank wants to begin researching central bank digital currencies in the near future.  ...
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Crypto 13/12/19 09:00 by Martin Young

Has South Korea Joined the Central Bank Crypto Race?

The South Korean central bank is the latest in the list of national banks to reveal its intentions towards central bank crypto (CBDC).  South Korea Joins Crypto Research Race According to paper earl...
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Bitcoin 09/12/19 14:35 by Kevin Helms

Regulatory Roundup: Bitcoin Futures Fund Approved, India’s RBI-Backed Digital Currency

In this regulatory roundup, we cover the U.S. SEC approving a bitcoin futures fund, the new IRS tax form targeting crypto owners, and several more steps taken by the U.S. government toward crypto regu...
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Crypto 08/12/19 15:21 by Christine Vasileva

Korean Government to Tax Crypto Capital Gains from 2020

The Korean government is preparing legal tools to tax capital gains from the sale of crypto assets. Specialized legislation to target digital asset deals is expected to arrive from the tax season for ...
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