Tag: South Korea

Bitcoin Pyramid Scheme Amassed $20 Million In South Korea

Two men from South Korea have been sentenced for creating a bitcoin pyramid scheme that...

/ April 20, 2018

South Korea’s Biggest Cryptocurrency Exchange Posts 171x Revenue Spike in 2017

Bithumb, South Korea’s largest cryptocurrency-to-fiat exchange, has increased its revenue 171-fold in 2017. Exponential Growth...

/ April 10, 2018

South Korea to Inspect 3 Banks Over Cryptocurrency Exchange Compliance

South Korea’s primary financial regulator has confirmed upcoming inspections of three major domestic banks that...

/ April 9, 2018

Korean Crypto Exchange Execs Detained On Fraud And Embezzlement Charges

CoinNest co-founder and chief executive Kim Ik-hwan has been detained in Seoul and charged with...

/ April 5, 2018

S. Korean Regulator Orders 12 Crypto Exchanges To Make Contracts More Consumer-Friendly

The South Korean Fair Trade Commission (FTC) informed 12 cryptocurrency exchanges that they must change...

/ April 4, 2018

South Korea Considers Adopting Crypto Exchange Licensing System Like NY’s BitLicense

ncial Services Agency (FSA) approves licenses for crypto exchanges that have met a stringent set of requirements...

/ February 14, 2018

South Korea: Gov’t Officials Accused of Crypto Insider Trading

The past week of confusion and friction over cryptocurrency regulation in South Korea continues to unfold as...

/ January 18, 2018

Crypto Market Suffers From Uncertainty in Asia, Losses Up to 40%

Bitcoin and altcoins lost up to 40% of their value the morning of Tuesday, Jan. 16, as regulatory...

/ January 16, 2018