カテゴリー: korean

Crypto Exchange Coinrail Reopens with Offers to Recover 11 Cryptocurrencies

Crypto Exchange Coinrail Reopens with Offers to Recover 11 CryptocurrenciesSouth Korean exchange Coinrail has resumed service after it was hacked last month. The exchange has offered users some options to recover their cryptocurrencies. Eleven cryptos were stolen, some of which have been fully recovered and are now available for trading and withdrawals. However, some coins were not recovered. Also read: Yahoo! Japan Confirms Entrance Into […]

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Major Korean Exchange Bithumb Expanding into Japan and Thailand

Major Korean Exchange Bithumb Expanding into Japan and ThailandOne of South Korea’s largest cryptocurrency exchanges, Bithumb, is expanding into Japan and Thailand. The exchange is working on obtaining regulatory approval from the financial regulators of both countries. The new locations are part of the exchange’s global expansion plan. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Expanding into Thailand Bithumb is currently working […]

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Only 12 out of 23 Korean Crypto Exchanges Pass Probe – Inspector Under Fire

Only 12 out of 23 Korean Crypto Exchanges Pass Probe – Inspector Under FireThe self-regulatory inspection of South Korean cryptocurrency exchanges is complete. Fourteen out of 23 exchanges agreed to be inspected. Twelve met the self-regulatory standards despite security flaws, raising questions of how effective the inspection is. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space 12 Exchanges Pass Security Checks The Korea Blockchain Association (KBA) held […]

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Korean Government Criticized for Crypto Exchange Hacks, Upbit Denies Hack Rumor

Korean Government Criticized for Crypto Exchange Hacks, Upbit Denies Hack RumorThe South Korean government has been criticized for not doing enough to help prevent hacking at cryptocurrency exchanges. Data obtained by the regulators show that three crypto exchanges were hacked, with damage of almost $1 billion, after having gone through an inspection by the government. Meanwhile, one of the nation’s largest crypto exchanges, Upbit, has denied […]

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Korean Regulations: Policy Easing, New Crypto Classification, Central Bank Report

Korean Regulations Update: Policy Easing, New Crypto Classification, Central Bank ReportSouth Korea has been busy revising its cryptocurrency regulations. The regulators plan to ease the rules on crypto assets in line with G20 policies. While a new crypto classification system has been created, another government agency is conducting an on-site inspection of crypto exchanges following multiple hacks. In addition, the Bank of Korea has released […]

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South Korea Thinks Real-Name System is Working – Stepping Up Crypto Monitoring

South Korea Thinks Real-Name System is Working - Stepping Up Crypto MonitoringSouth Korea’s top financial regulator recently told 23 other countries’ regulators that the kimchi premium has fizzled since the anonymous trading of cryptocurrencies was banned in the country. Now, the government is introducing a new guideline to prevent local crypto exchanges from buying cryptocurrencies at foreign exchanges. Also read: Yahoo! Japan Confirms Entrance Into the Crypto […]

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South Korea Thinks Real-Name System is Working – Stepping Up Crypto Monitoring

South Korea Thinks Real-Name System is Working - Stepping Up Crypto MonitoringSouth Korea’s top financial regulator recently told 23 other countries’ regulators that the kimchi premium has fizzled since the anonymous trading of cryptocurrencies was banned in the country. Now, the government is introducing a new guideline to prevent local crypto exchanges from buying cryptocurrencies at foreign exchanges. Also read: Yahoo! Japan Confirms Entrance Into the Crypto […]

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South Korea Thinks Real-Name System is Working – Stepping Up Crypto Monitoring

South Korea Thinks Real-Name System is Working - Stepping Up Crypto MonitoringSouth Korea’s top financial regulator recently told 23 other countries’ regulators that the kimchi premium has fizzled since the anonymous trading of cryptocurrencies was banned in the country. Now, the government is introducing a new guideline to prevent local crypto exchanges from buying cryptocurrencies at foreign exchanges. Also read: Yahoo! Japan Confirms Entrance Into the Crypto […]

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Bithumb Reveals 11 Cryptocurrencies Lost and Plan to Compensate Customers

Bithumb Reveals 11 Cryptocurrencies Lost and Plan to Compensate CustomersSouth Korean crypto exchange Bithumb has announced the 11 cryptocurrencies stolen in last week’s theft and the amount of each coin missing. A compensation plan has also been unveiled for the equivalent value of the lost coins in an undetermined cryptocurrency. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Only Half As Much Crypto […]

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Japan’s Line Launching Exchange With 30+ Cryptocurrencies in All but Two Countries

Japan's Line Launching Exchange With 30+ Cryptocurrencies in All but Two CountriesThe operator of Line, Japan’s most popular chat app with approximately 200 million users worldwide, has confirmed the upcoming launch of its cryptocurrency exchange called Bitbox. The new platform will list more than 30 of the most popular cryptocurrencies, offering “low trading fees”. Supporting 15 languages, the new exchange will launch globally, except for two […]

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