Tag: korea

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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