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...
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...
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...
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...
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...
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...
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...
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...