Tag: South Korea
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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 legitimate…
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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 in…
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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. Now,…
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South Korean Police Raid Shinil Group Over Alleged Shipwreck Cryptocurrency Scam
Earlier this week, police in South Korea raided the offices of Shinil Group, a Seoul-based company that claimed to have discovered the wreck of the…
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South Korea’s FSC to Establish Exclusive Blockchain Division
The financial regulator of South Korea, the Financial Services Commission (FSC), is set to establish a new department designated to govern policymaking initiatives specifically tied…
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Bitcoin Drops to New Low Below $6,000, Market Prices Rally Slightly
The price of Bitcoin fell below $6,000 over the weekend, hitting a new low as sentiment among investors took a downward dive. New Low for…
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South Korea: Cryptocurrency Exchanges Having Problems Getting Insured
One vital necessity for a business is insurance. However, cryptocurrency exchanges in South Korea are finding it extremely difficult in finding insurers due to recent…
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CryptoUK Assures British MPs That Customers’ Crypto Assets Are Safe
British MPs have been assured by the country’s Bitcoin website operators that consumers’ crypto assets are secure after security concerns were raised by members of…
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Bithumb Targeted by Hackers, Thieves Steal $32 Million in Cryptocurrencies
A South Korean exchange, Bithumb, has reportedly been hacked, resulting in the loss of 35 billion won worth of cryptocurrencies it was storing. Bithumb Targeted…
