South Korea
Korea's First Bank Joins Messaging Giant Kakao's Blockchain Governance Council
Shinhan joins a number of existing council members including LG Electronics, Binance and Worldpay, among others.
Upbit, Bithumb Delist Numerous Coins Ahead of South Korean Regulatory Review
The move caused prices for many altcoins to plummet by 50% or more, causing considerable losses among retail investors.
Blue House Responds to Petition, Bitmain Offers Relocation Assistance
Korea’s Blue House responds to a national petition over the FSC chairman. Bitmain offers relocation assistance to miners in China, Lloyds to take crypto for classic cars. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
South Korea Seizes $47M Worth of Crypto for Back Taxes: Report
Officials called it the largest "cryptocurrency seizure for back taxes in Korean history."
South Korean Banks to 'Review' Partnerships With Crypto Exchanges
There are no guarantees that even the "Big 4" Korean crypto exchanges will survive the imminent regulatory tidal wave.
South Korean Exchanges Halt Trading on Certain Cryptos as Regulatory Pressure Mounts
Upbit, Huobi and Coinbit are among the cryptocurrency exchanges outlined in the report that have halted trading on certain coins.
Yunnan Mining Ban Clarified; Korean Exchanges Start ‘Coin Thinning’
Authorities clarify details on Yunnan mining regulation. Bitcoin mining difficulty hits the lowest level this year. Korean exchanges warn investors of caution over some cryptocurrencies. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Banks in South Korea Instructed to Treat Crypto Exchanges as High-Risk Clients
Banks will have to deny services to clients that do not comply with ID verification requirements or fail to report suspicious activity to the FSC's anti-money laundering unit.
South Korea Looks to Ban Crypto Exchange Employees From Trading on Their Own Platforms
At present, there are no restrictions on exchange executives and other employees to trade cryptocurrency on their platforms.
South Korean Parliament Discusses Crypto Bills for First Time
The South Korean parliament has begun discussing a number of bills specifically addressing crypto.
