Tag: South Korea

  • remittance
    Crypto

    South Korean Crypto Exchange Launches Ripple Powered Remittance Service

    South Korea’s first blockchain powered remittance mobile app and web service will be launched this month by crypto exchange Coinone. ‘Cross’ For Faster and Cheaper Cross Border Remittances The service, simply named Cross, will be launched by Coinone Transfer, a payments business and a subsidiary of the South...

    Martin Young | December 12, 2018 | 9:00 am
  • south korea huobi
    ICO

    South Korea Reveals Plan to Tax ICOs and Cryptocurrencies

    The Finance Ministry of the South Korean government announced a plan to tax initial coin offerings and digital currencies in accordance with the creation of the taxation infrastructure and international trends. South Korea Closer to Legalize and Tax Crypto Fundraisers as New Government Takes Over Hong Nam-ki, Minister...

    Ricardo Esteves | December 4, 2018 | 11:00 am
  • Bitcoin
    Bitcoin

    Report: Banks Are More Vulnerable to Terrorist Financing Than Crypto

    A risk assessment report released by the Financial Information Unit (FIU) found banks more vulnerable to money laundering and terrorist financing risks than cryptocurrencies, Business Korea reported. The division of South Korea’s Financial Services Commission researched its domestic financial sector, which includes banks, securities companies, insurers, mutual financing companies, credit...

    Davit Babayan | November 29, 2018 | 10:00 pm
  • Crypto
    Industry

    Hong Kong Plans to Regulate Crypto with New Sandbox

    Reports suggest that Hong Kong’s securities watchdog has come up with new plans to regulate cryptocurrency funds and exchanges. While it is known for being crypto-friendly, Hong Kong is still not satisfied with the amount of protection that its crypto users currently enjoy. As a result of this, the...

    Ali Raza | November 1, 2018 | 8:30 pm

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