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Regulation
South Korea to Unveil Rules of Cryptocurrency Taxation in July
2020-06-17T17:19:59.000+02:00
The South Korean government was said to be considering imposing a 20 percent tax on crypto income.
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A Wave of Blockchain-Based Unlisted Stock Platforms is Hitting Korea
2020-05-11T09:27:29.000+02:00
The unlisted stock trading platforms could act as a bolster to South Korea's startup ecosystem.
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Korean Presidential Commission Recommends Allowing BTC Derivatives
2020-01-06T10:37:44.000+02:00
The Commission said that the creation of derivatives could lead to the institutionalization of cryptocurrencies.
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Regulation
Bank of Korea Has No Plans for a Central Bank Cryptocurrency
2019-12-25T16:21:17.000+02:00
BOK said giving the public direct access to a cryptocurrency could reduce commercial banks’ deposits and reserves.
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News
Wide Blue Ocean: Why APAC is Leading the Blockchain Industry
2019-11-01T09:06:38.000+02:00
In the face of a number of hacks and regulatory changes, the APAC region has been charging ahead in blockchain and crypto.
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Exchanges
OKEx South Korea to Delist Five Privacy Coins
2019-09-16T10:57:48.000+02:00
The exchange will be removing support for the coins as they “violate regulatory laws”.
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Thought Leaders
Adenasoft Completes Pre-IPO Investment Worth $33m
2019-09-05T13:49:23.000+02:00
The landmark deal put the valuation on Adenasoft at over $125m.
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Sponsored
News
Kakao Eying to List Klay Token on a Chinese Exchange
2019-09-03T08:21:42.000+02:00
The company is expected to launch its Klip wallet later this year.
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Analysis
Stater Closes Down, Why Bitcoin SV Is Surging: Editor’s Pick
2019-06-09T14:44:18.000+02:00
Catch up on the most interesting stories in the FX and crypto industries this past week.
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News
ICON Confirms Payments, Listing Partnership with Chain Partners
2019-06-05T10:30:47.000+02:00
The deal will see the two firms working together on payments and coin listings
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South Korea Considers Less-Restrictive Regulations on Crypto
2019-04-05T08:42:27.000+02:00
South Korea banned ICOs in September of last year. Now, government officials want a more supportive regulatory environment.
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Executive Moves
BIS Adds Bank of Korea Governor Juyeol Lee to its Board of Directors
2018-11-13T11:55:01.000+02:00
His three-year term will come into effect in January of next year.
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News
Coinsilium Announces Successful ICO for Fantom, $39.8 Million Raised
2018-06-27T15:19:54.000+02:00
Fantom claims that its blockchain can handle 300,000 transactions per second.
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Simon Golstein
News
South Korean Banks Stop Issuing Accounts for Crypto Trading, Ahead of a Ban
2017-12-14T22:17:15.000+02:00
Regulatory restrictions discussed by the government are creating a difficult environment for crypto exchanges.
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Finance Magnates Staff
Brokers
Korea Investment & Securities Buys Indonesian Brokerage for $36.6 Million
2017-12-12T18:05:31.000+02:00
The company failed to take over Daewoo Securities and Hyundai Securities last year.
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Exchanges
South Korea to Allow Bitcoin Exchanges, Under Six Conditions
2017-12-12T16:52:56.000+02:00
A positive step for the industry, but the punishment for illegal activity has also been strengthened.
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Brokers
Tickmill Adds Vietnamese Language to Site, Shoring Up Local Market Presence
2017-12-05T12:50:05.000+02:00
Vietnam is the latest country in Southeast Asia to be targeted by Tickmill as it continues to grow its regional base.
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Jeff Patterson
Exchanges
Cryptocurrency Exchange CoinRoom First to List XEM in Korea
2017-10-10T09:22:13.000+02:00
NEM will collaborate with Korean fintech company Metaps Plus on the launch of the new cryptocurrency exchange.
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News
South Korean Regulator Bans ICOs, Trading Cryptocurrency on Credit
2017-09-29T09:23:39.000+02:00
South Korea warns that “stern penalties” will be levied on anyone involved in issuing of ICOs.
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Exchanges
Video Games Giant Nexon Buys Korbit Exchange for $80 Million
2017-09-28T14:07:29.000+02:00
Korea's massive growth in Bitcoin trading is attracting publicly listed companies to enter the field.
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Trading
Ripple's XRP Decoupled from Ethereum and Traded in Correlation to Bitcoin in Q2
2017-07-21T13:52:29.000+02:00
XRP finished the second quarter of 2017 at $0.263, a stunning QoQ increase of 1159% and YTD growth of 3977%.
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Exchanges
Hackers Steal Personal Data of 30,000 Korean Bitcoin and Ethereum Traders
2017-07-06T14:26:41.000+02:00
South Korea's largest Bitcoin and Ethereum trading venue, Bithumb suffered a cyber security breach.
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News
South Korean Lawmaker Wants to Regulate Bitcoin and Ethereum Trading
2017-07-04T11:05:55.000+02:00
Park Yong-jin fears the possibility of a cryptocurrency bubble bursting and wreaking havoc on the Korean economy.
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Innovation
Cryptocurrency Startup BlockchainOS Seeks Crowdfunding to Challenge Ethereum
2017-02-17T14:14:17.000+02:00
The Korea-based BlockchainOS team says Ethereum smart contracts systems are bound to make mistakes and break.
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Blogs
APAC Region Yields Mixed Outlook for FX Brokerage Prospects
2017-01-19T13:32:25.000+02:00
Asia has a number of attractive demographics appealing to brokers, though the region also poses several barriers.
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