
S. Korea's cryptocurrencies investor sentiment show growing fear
Jul 15, 2021 14:53 pm UTC| Economy Digital Currency
South Koreas cryptocurrency investor sentiment based on Dunamus Digital Asset Fear and Greed Index was recorded at 29.76, hinting at fear amid toughened stance by financial watchdog regulators globally. An index figure...

Jul 14, 2021 00:42 am UTC| Economy Digital Currency
Overseas-based cryptocurrency exchanges, such as Binance, must register with South Koreas anti-money laundering body when using the won currency in serving local customers. The revised law mandating the registration...

Bitcoin sinks below $34,000 as other cryptos lose steam due to clampdown
Jul 12, 2021 23:45 pm UTC| Economy Digital Currency
Bitcoin dropped 0.4 percent to $33,708 after rising 2.7 percent to $34,340 due to reports that former bitcoin and ethereum miners in China have been dumping graphics processing units, which digitally renders cryptos in...

S. Korea's blockchain companies urged to develop attractive services to lure customers
Jul 08, 2021 23:49 pm UTC| Economy Digital Currency Business
Blockchain companies were urged by a Busan bank official to develop attractive services to lure South Korean customers who are so used to using credit cards that they tend to ignore blockchain-based services. The urging...

S. Korean authorities uncover illegal 'kimchi premium' cryptocurrency transactions
Jul 08, 2021 23:47 pm UTC| Economy Digital Currency
Seoul Main Customs discovered unlawful foreign exchange dealings involving dozens of people taking advantage of the kimchi premium, a gap in domestic exchanges for cryptocurrency prices compared to foreign...

Jul 01, 2021 17:58 pm UTC| Economy Business Digital Currency
South Koreas four major cryptocurrency exchanges Upbit, Bithumb, Coinone, and Korbit will launch a joint venture to help them comply with the travel rule in the upcoming implementation of anti-money laundering...

S. Korean banks ask to be freed from liabilities in crypto fraud
Jun 28, 2021 17:22 pm UTC| Digital Currency Law Economy
South Korean banks have asked the financial authorities to free them from responsibilities for money laundering or other fraud involving digital coins. The request from the banks happened due to a recent amendment to...