Cryptonews Tags South Korea

# South Korea (Page 79)

Despite its relatively small size, South Korea is a global powerhouse when it comes to cryptocurrency industry. Often mentioned in the same breath as Singapore or Malta, Korean love for all things crypto has its roots in the country’s traditional inclination towards high technologies and openness to their use. Today, South Korea accounts for some 30% of total crypto trading on a global scale, with even the banking sector in that country making the news with its love for blockchain. South Korea is also well known for its highly developed cryptocurrency exchange scene including the likes of Bithumb, Upbit, Coinone and others.

FBI, S Korean Police Bust International XRP Phishing Scam

Police in Seoul have arrested at least two people on suspicion of cryptocurrency-related fraud after a joint investigation with the American FBI. The agencies say they unearthed a phishing scam that appears to have robbed South Korean and Japanese cryptocurrency investors of USD 800,000 worth of...

Will Japan and South Korea Rediscover their Thirst for Crypto?

Certain influential figures in South Korea are starting to develop a keen interest in crypto, according to a local consultant. In Japan, it would take a “leap of faith” for the general public to regain its pre-Coincheck hack thirst for crypto trading.East Asia is currently in the grip...

It Started! South Korea Parliament Debates Ending the ICO Ban

The National Assembly, South Korea’s parliament, has begun debating whether the government should overturn a ban on initial coin offerings (ICOs). The motion was presented after three members of parliament put forward separate private members’ bills that, if passed, would legalize ICOs...

S Korean Gov’t To Take Bigger Slice of Exchange Profits

The South Korean government has confirmed that it will move to strip cryptocurrency exchanges of the same sort of tax breaks and business incentives it offers to other small- and medium-sized businesses in the country.As previously reported on Cryptonews.com, the government made its initial...

The Fight For ICOs Intensifies in South Korea

Politicians and lawyers have led a fresh round of calls for the South Korean government to amend or repeal its initial coin offering (ICO) ban. The calls were made at a blockchain policy meeting held at the National Assembly (the South Korean parliament), and was chaired by influential MP Song...

S Korea: Politicians in Fresh Bid for ICO Reform

The South Korean government is preparing to respond to renewed calls from opposition MPs urging the executive to make initial coin offering (ICO) reforms.Minister of Science and ICT You Young Min stated that he intended to consult with the regulatory Financial Supervisory Commission before making...

S Korea: Major Exchanges Still Making Profits

Business appears to be still profitable for South Korea’s leading cryptocurrency exchanges after the three biggest platforms in the nation disclosed their earnings for the first half of 2018. The news comes in spite of a market downturn in the country that began in late January and has yet to...

S Korea: Political Parties Turn to Blockchain

South Korean political parties are debating the idea of using blockchain technology as part of the democratic process, with advocates calling for the introduction of blockchain-powered voting systems.Former Deputy Prime Minister Kim Byong-joon, of the Liberty Korea Party (LKP) – the...

Seoul Delivers Crypto Exchanges Funding Blow

South Korean cryptocurrency exchanges have been hit with more bad news after the central government said it would change such companies’ legal financial status – making it almost impossible for domestic venture bodies to invest in the country’s exchanges.Media outlet Money Today...

S Korean Exchanges: Gov Wants To “Cut Off Its Nose”

Three of South Korea’s biggest cryptocurrency exchange associations – the Korea Blockchain Association, the Korea Blockchain Industry Promotion Association and the Korea Blockchain Startup Association – have hit back at a government proposal to stop granting exchanges the same...

Crypto Friendly S Korean Bank Signs Blockchain Deal

One of South Korea’s biggest commercial banks, Shinhan, has announced that it will use the new high-speed blockchain platform developed by one of the country’s biggest mobile providers, KT.Per news outlet Joongang Ilbo, KT and Shinhan will look to apply blockchain-powered solutions to...

N Korea Crypto Hack Threat ‘Rising Again’ – Experts

A South Korean cryptocurrency exchange fended off a series of attempted hacks from North Korea earlier this summer, claims a group of malware analysts.Media outlet Newspim quotes Seoul-based cybersecurity group IssueMakersLab as saying North Korean hackers launched attacks on an (unnamed) South...

Rich S Koreans Reluctant To Buy More Crypto – Survey

In South Korea, the richer you are, the more likely you are to have cryptocurrency holdings, say the authors of a new survey. However, it seems that the rich’s confidence in Bitcoin and altcoins has taken a tumble.Per the findings of the KB Financial Group – a financial services mammoth...

S Korean Exchanges In Regulation Race

With the South Korean government seemingly committed to introducing regulations pertaining to the country’s cryptocurrency exchanges, a number of leading platforms are looking to preempt Seoul by beefing up their financial and security networks before regulations come into place.Seoul has...

A Double Blow to South Korean Exchanges

South Korean cryptocurrency exchanges have been dealt a double blow by the country’s government, with regulations in the pipelines – and higher tax bills also heading their way.The Ministry of Strategy and Finance confirmed that it was drawing up long-awaited regulations. Although South...

The U.S. Losing The Race for Crypto Tech

Juan Villaverde is an econometrician and mathematician devoted to the analysis of cryptocurrencies since 2012. He leads the Weiss Ratings team of analysts and computer programmers who created Weiss cryptocurrency ratings. ___________The technology underlying cryptocurrencies, called Distributed...

, by Juan M. Villaverde

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