Tag: korean

Korean Government: 11 out of 21 Crypto Exchanges Complete Security Measures

Security The South Korean government has announced the results of its review of 21 cryptocurrency exchanges. While several trades have finished implementing both short-term and pocket management steps, many security vulnerabilities stay at most niches. South Korea’s government has declared the result of its own inspection of 21 cryptocurrency exchanges. The review was conducted June […]

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South Korea Plans to End Major Tax Benefits for Bitcoin Exchanges

Taxes The South Korean government has declared a new set of tax legislation amendments. Under this proposition, bitcoin exchanges will no longer be qualified for corporate and income tax deductions now appreciated by little and medium-sized companies. The authorities also have been contemplating imposing capital gains tax upon the sale of all cryptocurrencies. The South […]

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Russian Shipwreck and ‘Treasure’ Linked to Crypto Exchange

Altcoins A South Korean firm claimed to have discovered the wreck of a Russian warship sunk in 1905 with $130 billion worth of gold on board. ) The cruiser and its own treasure are connected to some crypto market and token that the company allegedly guaranteed to distribute to anyone signing up with all the […]

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Crypto Exchange Coinrail Reopens with Offers to Recover 11 Cryptocurrencies

Exchanges South Korean trade Coinrail has declared service after it was murdered a month. The market has provided users some choices to recoup their own cryptocurrencies. Eleven cryptos were stolen, a few of which are completely recovered and are currently readily available for withdrawals and trading. However, a few coins weren’t recovered. Coinrail reported that […]

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Only 12 out of 23 Korean Crypto Exchanges Pass Probe – Inspector Under Fire

Regulation The self-regulatory review of South Korean cryptocurrency trades is complete. Fourteen from 23 exchanges consented to be scrutinized. Twelve fulfilled the self-regulatory criteria despite safety defects, raising questions of how successful the review is. The Korea Blockchain Association (KBA) held a media conference Wednesday to declare the results of its review of cryptocurrency exchanges […]

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