Tag: korea

Aug 26 2022

Binance and the City of Busan Partner to Boost Blockchain Adoption

Binance, one of the largest companies in the global blockchain ecosystem, today confirmed that it has partnered with the City of Busan in South Korea to drive the adoption of innovative technologies in the South Korean city.

The city of...

Aug 18 2022

South Korea Threatens 16 Unregistered Crypto Exchanges With Fines, Imprisonment

Aug 18 2022 Published at Crypto Briefing under tags  exchanges korea news

The unregistered crypto exchanges face up to five years in prison or fines of approximately $37,000 with a ban on future registration in South Korea. Korea Cracks Down on Unregistered...

Aug 17 2022

Do Kwon hires lawyer in preparation for defense in South Korea

Aug 17 2022 Published at CryptoSlate under tags  crime do kwon korea legal regulation

Terra co-founder Do Kwon has hired a lawyer in preparation for his defense against South Korea's legal actions, South Korea-based Naver reported Aug. 17. Kwon reportedly submitted an attorney's appointment letter to the prosecutor's office. The report did not reveal the lawyer's name or the law firm. The Seoul Southern District Prosecutors' Office has been...

Aug 08 2022

Crypto.com Boosts Global Presence, Secures Registration in South Korea

One of the world’s largest cryptocurrency trading platforms, Crypto.com has expanded its international presence through the virtual asset service provider registration in South Korea. The digital asset firm has acquired payment service provider PnLink and virtual asset service provider OK-BIT.

The latest announcement from Crypto.com came almost two weeks after the

Mar 21 2022

Samsung’s Cheil Becomes First To Enter The NFT Market In Korea

Mar 21 2022 Published at Coingape under tags  asia korea news nft nft news

The South Korean Non-Fungible Token (NFT) scene is poised to see more explosive growth. Cheil Worldwide, a marketing agency under the Samsung conglomerate, has declared its intention to become the first advertising company to enter the NFT market. Samsung's Cheil Worldwide to launch an NFT marketplace South Korean news outlet, ChozunBiz, reports that the advertising...

Feb 21 2022

Dec 31 2021

Dec 29 2021

Oct 12 2021

Unregulated Crypto-Related Foreign Currency Transfers in Korea Are Rising

During the first 8 months of 2021, Korea saw over $676 million worth of unregulated FX transfers involving cryptocurrencies.

Aug 07 2021

Yahoo Japan To Introduce NFT Trading In Partnership With Line

Yahoo Japan and Line, a messaging giant, aims at enabling NFT trading on the Line's blockchain. The messaging giant announced that its subsidiary dealing in crypto “LVC” would work with the Japanese internet company to facilitate the secondary trading on Non-Fungible tokens on its proprietary blockchain. Yahoo...

May 28 2021

Leveraged Crypto Trading is a Threat to Financial System, Warns Bank of Korea

Earlier this week, head of South Korea’s central bank Lee Ju-yeol warned that leveraged crypto trading was a threat to the country’s financial system. “An excessive level of leveraged cryptocurrency trading puts households at risk of financial damages...

May 14 2021

Samsung the Latest to Embrace Crypto By Adding Ledger Wallet Service

Earlier today, Samsung Electronics announced that its users can now access and trade cryptos directly on its Galaxy smartphones. This latest...

Apr 05 2021

Bitcoin Price Looks Bullish as “Kimchi Premium” Surges to 11%

During BTC's parabolic run in 2017, the Kimchi premium surged as high as 20%. Is history repeating itself?

Mar 25 2021

Breaking Down What South Korea’s Crypto Crackdown Means for the Industry

With a blistering start to the year, cryptos have enjoyed the highs of what seemed like a never-ending bull run. Bitcoin, Ethereum, and other altcoins made headlines every day, surging far past their previous highs as institutions rushed to get their hands on the red-hot asset class. But now, as significant regulatory challenges set in for cryptocurrencies, its future seems more uncertain than...

Mar 23 2021

OKEx Korea Shutting Down, Customers Must Withdraw Funds

OKEx Korea released a statement on Tuesday saying customers must withdraw their fiat and crypto funds before Apr. 7, at which time the exchange will shut down permanently. OKEx Closure Part of a Wider Problem The exchange did not give a reason for the sudden closure. However,...

Jan 08 2021

South Korea Plans to Implement 20% Tax on Cryptocurrency Profits in 2023

The Government is planning a 20% tax on cryptocurrency investors making an annual income of more than 2.5 million Won.

Dec 24 2020

Binance Korea to Close Operations Next Month

The crypto exchange serving Korean clients announced today that it has decided to close its operations due to low usage.

Crypto Exchange Binance Terminates Korea Operations Due To Low Usage

Dec 24 2020 Published at CoinDesk under tags  binance business closures korea news

Cryptocurrency exchange Binance announced Thursday it is closing its Korea operations after eight months of operating due to low usage and volume.

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