South Korea to Follow G20 Unified Cryptocurrency Regulations

The South Korean government reportedly plans to soften its crypto regulations in line with the policies set by the G20 nations in an effort to create “unified regulations.” The Korean regulators have also agreed to apply the standards set by… Continue Reading

Investigation of South Korea’s Largest Crypto Exchange Upbit Continues

Since the South Korean prosecution started investigating Upbit, the country’s largest cryptocurrency exchange, more events have unfolded. While local media still discuss allegations and raise questions about Upbit’s business practice, some people believe that Upbit is already in the clear.… Continue Reading

Korean Regulators Widen Investigation of Cryptocurrency Exchanges

South Korea’s government is widening its probe on cryptocurrency exchanges, particularly the use of corporate accounts which the regulators say can lead to money laundering. This announcement follows the prosecutors launching an investigation on the country’s largest crypto exchange, Upbit.… Continue Reading

New Crypto Exchanges Open in Korea, Thailand, Vietnam, and the Philippines

The number of new cryptocurrency exchanges is rapidly growing worldwide. This new crypto exchange roundup features four platforms located in South Korea, Thailand, Vietnam and the Philippines. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space South Korea’s Coinbit South… Continue Reading

Samsung Profits Surge on High Demand for Bitcoin Mining Chips

South Korean Samsung Electronics saw its operating profits surge in the first quarter of this year compared to the previous year. The company attributes the increase to its semiconductor division which manufactures bitcoin mining chips and says that it expects… Continue Reading

South Korean Lawmakers Draft Bill to Legalize Some Initial Coin Offerings

A group of South Korean lawmakers is working on a bill to legalize initial coin offerings (ICOs), providing they meet certain conditions under the supervision of the government. Meanwhile, the current ICO ban in the country has driven many domestic… Continue Reading

Controversy Looms Over Bithumb Coins

South Korean cryptocurrency exchange Bithumb is reportedly re-evaluating its strategy to launch its own coins through a corporation in Singapore, following news of fraud that could have serious side effects to both companies. Under the current laws, Bithumb coins will… Continue Reading

System Error at Korean Crypto Exchange Gave Users Free Coins

A South Korean cryptocurrency exchange said it suffered an internal system error which affected withdrawals. The exchange claimed that users were able to withdraw five times the number of coins they requested. It is asking for the coins back, and… Continue Reading

$350 Million Bitstamp Acquisition Negotiations Denied by Nexon CEO

The bitcoin exchange industry is widely considered to be in a process of transition, with big players stepping in and acquisitions leading to greater consolidation. As such it is not surprising to hear that Bitstamp is on the shelf, although… Continue Reading

New Self-Regulatory Rules for Crypto Exchanges in South Korea Clarified

The majority of South Korean cryptocurrency exchanges are implementing new self-regulatory rules and performing self-inspection. The industry group in charge of leading the efforts has clarified the differences between the new and old self-regulatory rules for its 23 exchange members.… Continue Reading