Tags : face

Regulation

42 altcoins face crisis as Korea set to close 75%

Extensive investor losses are expected as roughly two thirds of South Korean crypto exchanges struggle to meet toughened registration rules. On September 6, the Korea Financial Intelligence Unit and the Financial Supervisory Service held a virtual meeting with virtual asset service providers (VASPs) about their business registration requirements. Mass shut down Approaching the September 24 […]Read More

Regulation

24 crypto exchanges in Korea face regulatory death knell

33 face heat in Korea over alleged $1.48 billion in crypto transfers Seoul’s Central Customs has prosecuted, fined, or is currently investigating 33 individuals who were allegedly involved in 1.69 trillion won ($1.48 billion) worth of illegal overseas cryptocurrency transactions in South Korea, The Korea Times reported today. 2 min read → Source linkRead More

Bitcoin

Is Jack Dorsey the qualified face for crypto banking?

Square, which is known for its disruptive innovations in the field of finance and technology, has announced that it will be launching a new platform to support decentralized financial projects using Bitcoin. The decentralized finance movement, or DeFi, is gaining momentum. And Square may be the first major company to make a significant impact on […]Read More

Bitcoin

33 face heat in Korea over alleged $1.48 billion in

Seoul’s Central Customs has prosecuted, fined, or is currently investigating 33 individuals who were allegedly involved in 1.69 trillion won ($1.48 billion) worth of illegal overseas cryptocurrency transactions in South Korea, The Korea Times reported today. The individuals were caught as part of a pan-government investigation and have allegedly committed financial crimes such as fraud […]Read More

Regulation

Korean crypto exchanges could face harsh laws if new proposal

The ruling party of South Korea has proposed a new bill that aims to limit crypto-related companies’ ability to trade digital assets and increase their liability in case of a hack, local news outlet Naver reported today. The enactment, dubbed “Virtual Assets Act” and presented by the Democratic Party lawmaker Lee Yong-woo, will prohibit crypto […]Read More

Regulation

Korean minister says all 200 crypto exchanges in the country

Eun Seong-soo, chairman of the Finance Committee in South Korea, said this morning that over 200 cryptocurrency exchanges at the risk of being closed down in September this year if they fail to follow the relevant regulations, as per a report on leading local outlet Chosun. He added officials were further planning to impose taxes […]Read More

Litecoin

Charlie Lee explains 45% Litecoin (LTC) rally in face of

Unlike what many traders expected, the past few weeks and months have been all about Bitcoin. While certain altcoins have enjoyed strong rallies, BTC has consistently moved higher, resulting in a long-awaited correction in the Bitcoin dominance metric. Per CoinMarketCap, the metric is up from the lows of 55 percent seen in the summer to […]Read More