South Korea

South Korea

Politiche

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.

Bank of Korea

Mercati

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.

Seoul

Video

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."

Recent Videos

Mercati

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 Korean Won

Politiche

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 flag. (CoinDesk Archives)

Politiche

South Korean Parliament Discusses Crypto Bills for First Time

The South Korean parliament has begun discussing a number of bills specifically addressing crypto.

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Mercati

South Korea Plans to Tax Overseas Crypto Assets Starting in 2022: Report

Koreans will be required to pay tax when balances held with foreign virtual-asset businesses exceed 500 million won ($450,000).

Korean won

Mercati

Solana Launches $20M Fund to Advance Ecosystem in Korea

The launch comes only weeks after Solana drew $60 million in funding for projects in Brazil, Russia, India and Ukraine.

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Mercati

Crypto Exchange Korbit Launches South Korea's First NFT Marketplace

All transactions on the platform will be carried out in ethereum.

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Mercati

Bank of Korea Sees Threat to Financial System in Leveraged Crypto Trading

The central bank governor has pledged to monitor transactions of Korea's financial institutions associated with leveraged crypto trading.

Bank of Korea building, Seoul