South Korea News

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South Korea’s Highest Court Shows Positive Attitude Toward Cryptocurrencies in a...

South Korea’s Supreme Court ordered on Wednesday the seizure of 191 Bitcoins from a man involved in a cybersex crime. The 33-year-old identified as...

South Korean Cryptocurrency Firm Restricts Withdrawals to Fight Financial Crimes

Bithumb hits its traders with a huge shocker as it reportedly announced a reduction in its withdrawal limit last Monday. Before the announcement, the...

South Korea Follows G20 and Decides to Go Easier on Crypto

Recently, the G20 decided to recognize cryptocurrencies as financial assets by applying the standards of the Financial Action Task Force (FATF). The FATF was initially...

South Korean Officials Tighten the Net Raiding Exchanges

The South Korean government has certainly been busy in the past week, with all its arrests and raids. On May 11, local news reported...

Japanese ‘Line’ Expands its Blockchain Platform to South Korea

Japan is one of the countries that has already recognized and accepted Bitcoin, and they did it a year ago - in April 2017....

Bithumb Offers New Kiosks to Service Industry

Bithumb has made a number of moves to indicate that it is serious about staying in business. In addition to being the first crypto...

Credit Card Ban & More China Fears – Bitcoin’s Value Plummets

Cryptocurrency Blacklisted by Major US and UK Banks Transactions involving digital currencies have been blacklisted by the Citigroup, Bank of America, JP Morgan Chase and...

South Korea Partners With Japan and China to Solve Regulation Issues

The South Korean regulator, the Financial Services Commission (FSC) has recently stated that they intend to strike up a partnership with their counterparts in...

South Korea To Stop Anonymous Cryptocurrency Trading by 2020

Recent reports revealed that the South Korean government is creating a new system for cryptocurrency trading which will enforce users to use their real-name...

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