Articles of Bitcoin in South Korea

South Korean government agency proposes "South Korea's Nasdaq" to launch BTC trading? By no means unfounded!

According to the Korean media "BusinessKorea", the Fourth Industrial Revolution Presidential Committee (PCFIR) set up by the South Korean government recommended that Bitcoin should be listed directly on South Korea's only stock exchange, KRX, and allow the launch of Bitcoin-related derivatives. Subsequently, several foreign media in the blockchain industry reported on this. However, as of […]

The three countries of China, Japan and South Korea exchanged cold on the same day? The reason behind it is not simple

Abstract: The three countries of East Asia were once considered to be the gold rush of cryptocurrency, but now the bad news of cryptocurrency exchanges is frequent, which reflects the problems that cannot be underestimated. Like a cloud, the prospects of the East Asian cryptocurrency market are more uncertain with recent bad news, which has […]

Korean media: 97% of the Korean exchanges are on the verge of bankruptcy, and the project side seeks overseas currency

According to local media reports in South Korea, the vast majority of cryptocurrency exchanges in the country are on the verge of bankruptcy due to low transaction volume: “Only five or six Korean exchanges are among the top 100 in the world. It is no exaggeration to say that 97% of Korean exchanges face the […]

The ban on anonymous accounts is the first step, and the Korea Financial Services Commission wants to directly regulate cryptocurrency exchanges.

The Financial Intelligence Unit (FIU) of the Korea Financial Services Commission (FSC) disclosed a plan to directly regulate cryptocurrency exchanges and incorporate them into the regulatory system. Currently, FIU indirectly controls cryptocurrency exchanges through administrative guidance to banks. A FIU official said on August 6 that the government will increase the transparency of cryptocurrency transactions […]

Two years, $2.3 billion! Korean Ministry of Justice announces economic losses related to cryptocurrency

According to data released by the South Korean government on Sunday, the economic losses caused by crimes related to cryptocurrencies have reached nearly 2.7 trillion euros ($2.3 billion) in the past two years. According to data from the Korean Ministry of Justice, from July 2017 to June 2019, the economic losses caused by cryptocurrency scams […]