Tag: korea

Coinnest Executives Indicted for Accepting Bribe for Coin Listing

Exchanges The Seoul Southern District Public Prosecutors’ Office has reportedly indicted two executives of South Korean crypto alternate Coinnest for accepting a bribe in alternate for itemizing a cryptocurrency. According to native media, they acquired 1 billion gained (~US$890,000) price of cryptocurrencies – principally BTC. Also learn: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator […]

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Major Korean Crypto Exchange Upbit Opens in Singapore Next Month

Exchanges Major South Korean cryptocurrency change Upbit will reportedly start operations in Singapore subsequent month. The new change will supply Singapore greenback buying and selling in addition to crypto-to-crypto pairs in three markets provided by Bittrex, Upbit’s US-based associate. Also learn: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Upbit Expands to Singapore Dunamu […]

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Bithumb and Coinone Terminating Fiat Withdrawals for Unverified Crypto Traders

Exchanges Two main South Korean cryptocurrency exchanges have introduced that they’ll not permit unverified customers to make withdrawals in Korean received. Starting subsequent month, customers of Bithumb and Coinone will need to have verified real-name accounts so as to deposit and withdraw the fiat forex. Also learn: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator […]

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Bittrex to Launch Crypto Exchange in Malta Next Month

Exchanges US-based cryptocurrency trade Bittrex is reportedly launching a crypto trade in Malta at first of subsequent month. Bittrex says the brand new platform will enable them to checklist cash “a lot faster.” It will function inside the regulatory framework established by the European Union and the Maltese authorities. Also learn: 160 Crypto Exchanges Seek to […]

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Korean Banks to Limit Services for Crypto Traders Without Real-Name Verification

Finance South Korean banks are reportedly taking measures to restrict providers for patrons who are usually not utilizing the real-name system. It has been over seven months because the Korean authorities launched the crypto real-name system, however solely 40-50% of accounts on the nation’s prime 4 cryptocurrency exchanges have been transformed into real-name ones, based […]

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New Crypto Exchanges Launch in Hong Kong, Korea, Indonesia

Exchanges The cryptocurrency ecosystem continues to develop with the addition of some new crypto exchanges in Hong Kong, Korea, and Indonesia. Bitone Trade HK, affiliated with a Japanese publicly listed firm, will assist 30 cryptocurrencies. Huobi Indonesia will record 123 cash and new Korean alternate Probit will record 157 cash. Also learn: 160 Crypto Exchanges Seek […]

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South Korea Urges 14 Countries to Create International Discipline System for Crypto

Regulation At an annual worldwide convention for regulators in Seoul, the South Korean Financial Supervisory Service urged regulators from 14 different nations to create a world self-discipline system for cryptocurrency and preliminary coin choices. The Korean authorities additionally outlined its present crypto countermeasures and pushed for higher info sharing and worldwide cooperation. Also learn: Yahoo! Japan […]

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Major Korean Insurer to Offer Crypto Exchanges Insurance for Hacking Damages

Finance A significant South Korean insurance coverage firm reportedly will begin providing cryptocurrency exchanges insurance coverage aimed toward compensating for damages attributable to hacking, in accordance with native media. Currently, few crypto exchanges within the nation are insured and hacking damages are usually not lined. Also learn: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator […]

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South Korean Lawmaker Proposes Special Crypto Zone for ICOs

Regulation A South Korean lawmaker has reportedly proposed designating a regulation-free particular cryptocurrency zone aimed toward preliminary coin choices. It has been a few 12 months since token gross sales had been banned within the nation however the authorities has but to introduce any tips for them. Also learn: 160 Crypto Exchanges Seek to Enter Japanese […]

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Korean Province to Replace Local Currencies With Crypto

Finance An japanese South Korean province plans to difficulty its personal cryptocurrency to exchange the native currencies of its 9 cities, in line with native media. An change can be established for the brand new crypto. The cash can be utilized for funds inside the province and retailers can settle for them utilizing smartphone QR […]

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