Korea News

South Korea’s National Assembly has officially approved new legislation to safeguard users of virtual assets and amend the country’s capital market law. It prohibits unjust trading practices and provides user protection.  The “Capital Market and Financial Investment Business Act” has…

Four employees of South Korean crypto exchange Coinone have been indicted for allegedly employing illegal methods to amass profits exceeding 2.98 billion Korean won.

The Central bank of South Korea will over see cryptocurrency regulation according to local reports. However the move has received much criticism from the Financial stability commission.

Korean authorities have seized over $150 million from people suspected of making unfair gains from Terraform labs.  After the dramatic fall of Terra last year, regulators have been working hard to compensate those who lost. Based on reports, the prosecution…

Alchemy has raised $10 million in its latest funding round with DWF Labs, at a valuation of $400 million. The amount will enable the expansion of Alchemy Pay into the Korean market. Alchemy Pay, a Singapore-based crypto payment gateway that…

A group of Korean exchanges recently announced guidelines for listing and relisting tokens. 

Upbit released a notice to the public following the flagging of WAVES as an “Investment warning” by the Korea Federation of Exchanges.

South Korean lawmakers from the opposition People Power Party (PPP) are formulating a bill aimed at postponing the January 1, 2022 implementation of the 20-25 percent crypto tax law in the nation to 2023. The politicians also plan to revise…

According to an official announcement made by the South Korean branch of OKEx, the popular exchange will delist five privacy coins as early as October 10, 2019. Complications for Privacy Coins Trading of Monero (XMR), Dash (DASH), ZCash (ZEC), Horizen…

In an attempt to establish clarity about cryptocurrency and ICO regulations in the country, South Korea has called for an extraordinary National Assembly session to discuss the emerging crypto and blockchain industry. The meeting commenced on August 21, 2018, with…

Cryptocurrency exchanges are currently having a difficult time taking out an insurance policy due to security problems and countless cyberheists. Cryptocurrency Firms and Insurance According to Business Korea, cryptocurrency exchanges are currently in negotiations with insurance companies. The Korean Blockchain…

South Korea looks to blockchain technology to provide its next-generation digital identification system, according to a report on Korea JoongAng Daily. The new system proposed by the Korean Federation of Banks (KFB)  called BankSign, is a direct response to the…

Samsung Electronics, one of the biggest information technology company, is mulling over using blockchain technology to assist in administration its supply and logistics network. The propound blockchain based platform’s role would be to oversee global shipments and cut back shipping…

Chinese bitcoin exchanges such as OKCoin hinted their plans to add Ethereum support for local ether traders for over a year. According to local sources, OKCoin representatives, at last, confirmed their integration of Ethereum. CnLedger, a Chinese digital currency and…

Since 2014, the South Korean Bitcoin industry has shown an explosive rate of growth, with the emergence of well-established, venture-backed Bitcoin companies including CoinPlug and Korbit. Bitcoin users in Seoul and other main cities in the country began to access…