Tag: South Korea

  • bithumb
    Industry

    Bithumb Bounces Back With Expansion Plans in Japan and Thailand

    Local media recently reported that Bithumb, one of South Korea’s most prominent exchanges, has announced plans to make a move on the Japanese and Thai markets. Korea-Based Exchange Eyes New Markets In an exclusive with ZDNet Korea, Bithumb has announced that it plans to open operations in Japan and...

    nickchong | July 16, 2018 | 10:30 am
  • Korea
    Industry

    Korean Financial Authorities Draft Policies to Help Grow Crypto Industry

    Financial authorities in Korea will ease regulations on crypto-based assets in attempts to line-up with policies brought forth by the G20 nations and foster growth in the industry. Korea Establishes “Unified Regulations” The new polices are “unified regulations” that relate to “all activities” of Korea’s cryptocurrency exchange operators...

    Thomas Delahunty | July 6, 2018 | 9:00 pm
  • Crypto
    Crypto

    Crypto Money Laundering Expected to Reach $1.5 Billion in 2018

    A new report has revealed that three times more cryptocurrency has been stolen from crypto exchanges so far in 2018 compared to 2017. Data security company CipherTrace, which released the report, analyse cryptocurrency data to identify illicit money flow and money laundering. Money Laundering Reaches Record Highs Data...

    tim copeland | July 3, 2018 | 8:45 pm
  • kakao
    Industry

    Korean Messaging App Kakao to Raise Funds for Crypto Move

    The company behind Kakao, the most popular messaging app in South Korea, has suggested it will do a private placement next month to raise money for a crypto platform. The platform will be separate from the messaging app due to concerns over the lack of ICO regulations, Bloomberg...

    tim copeland | July 2, 2018 | 2:30 am
  • FATF
    Industry

    Financial Crime Watchdog FAFT to Consider Cryptocurrency Regulations This Month

    The international financial crime watchdog, the Financial Action Task Force (FATF), will hold discussions later this month to develop rules for governing cryptocurrency exchanges. It will primarily make sure effective countermeasures are in place to prevent money laundering and terrorist funding, according to a Japanese government official familiar...

    Thomas Delahunty | June 12, 2018 | 9:00 pm
  • Exchange
    Blockchain

    Crypto Exchange Huobi Announces $93 Million Target for Blockchain Startup Fund

    Cryptocurrency exchange Huobi, along with a few South Korean partners, has announced that they will be joining hands to create a blockchain startup investment fund. Joint Blockchain Fund Popular Singapore-based exchange, Huobi, has revealed that they will be joining a joint collaboration with Chinese financial company, NewMargin Capital,...

    nickchong | June 1, 2018 | 9:30 pm
  • Crypto

    Korea’s Supreme Court Says Cryptocurrency Has Economic Value, Proper Asset

    A ruling by the South Korean Supreme court about the value of cryptocurrency may be the backdoor to unraveling the regulatory boondoggle over custody. Porn Provider has Bitcoin Seized The case concerns a pornographer arrested on charges of violating the Protection of Children and Juveniles From Sexual Abuse...

    John McMahon | June 1, 2018 | 7:30 am

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