Tag: South Korea

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South Korean Government Criticized Over Lack of Cryptocurrency Regulation

Regulating cryptocurrencies remain an ongoing debacle. Numerous countries attempt to do so through various efforts. South Korea, one of the more pro-cryptocurrency countries, still...

Crypto Octoberfest: Bithumb Launches Cashback Promotion for Overseas Users

Bithumb, the leading Korean cryptocurrency exchange, is holding a promotional event during which international users can benefit from a 70% payback on transaction fees. International...

South Korea’s Bithumb Crypto Exchange Sold to Singapore Based BK Global for $353 Million

News coming out of the local media in South Korea indicate the sale of Bithumb to BK Global Consortium. Bithumb is one of the...

South Korea’s FSC Rejects Allowing ICOs, Claims There Are ‘Uncertainities’ to Them

South Korea's financial regulator has rejected steps to permit initial coin offerings (ICOs), arguing that there are "uncertainities" related to them. South Korea Says No Speaking...

Seoul Sets Sight on Becoming a Mega Blockchain Technology Hub

Park Won-soon, the mayor of Seoul, says the city plans to become a mega blockchain hub. The South Korean capital is set to unveil...

South Korea: Emerging Regulatory Landscape for ICOs

Regulators in South Korea are softening their stance towards cryptocurrency trading and ICOs. The country’s government may soon come up with regulations and reverse...

South Korea Partners with Samsung SDS to Develop Blockchain Customs System

South Korea makes yet another serious move towards serious blockchain adoption as it plans to implement the distributed ledger technology to its Customs’ clearance...

Jeju Island Is On the Way to Becoming A Blockchain Hub

Other than being the South Korean favorite tourist destination, Jeju Island is taking a new route where it seeks to officially welcome crypto and...

South Korean Province Replaces Gift Cards With a Native Cryptocurrency

Numerous governments mull the creation of their own state-backed cryptocurrency. Launching such a venture is a lot easier said than done. A new cryptocurrency...

Lawmaker Advocates a Regulation-free ICO Sandbox for South Korea

Initial coin offerings remain a controversial vehicle in the eyes of regulators. South Korea wants to bring this industry to the forefront in a...

Asian Countries in It to Win It When It Comes to Being the Next Crypto Hub

The race is on to see which Asian country will take the title of being the next crypto hotspot. With big money being invested...

Bitcoin Exchanged for More than $2 Million Worth of Counterfeit Notes in Scam

It seems as if August is the month of cryptocurrency scams in South Korea. First, we reported on an alleged scam involving buried treasure....