カテゴリー: korean

Bithumb and Coinone Terminating Fiat Withdrawals for Unverified Crypto Traders

Bithumb and Coinone Terminating Fiat Withdrawals for Unverified Crypto TradersTwo major South Korean cryptocurrency exchanges have announced that they will no longer allow unverified users to make withdrawals in Korean won. Starting next month, users of Bithumb and Coinone must have verified real-name accounts in order to deposit and withdraw the fiat currency. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals […]

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Korean Banks to Limit Services for Crypto Traders Without Real-Name Verification

Korean Banks to Limit Services for Crypto Traders Without Real-Name VerificationSouth Korean banks are reportedly taking measures to limit services for customers who are not using the real-name system. It has been over seven months since the Korean government introduced the crypto real-name system, but only 40-50% of accounts at the country’s top four cryptocurrency exchanges have been converted into real-name ones, according to local […]

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South Korea Urges 14 Countries to Create International Discipline System for Crypto

South Korea Urges 14 Countries to Create International Discipline System for CryptoAt an annual international conference for regulators in Seoul, the South Korean Financial Supervisory Service urged regulators from 14 other countries to create an international discipline system for cryptocurrency and initial coin offerings. The Korean government also outlined its current crypto countermeasures and pushed for better information sharing and international cooperation. Also read: Yahoo! Japan Confirms […]

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Major Korean Insurer to Offer Crypto Exchanges Insurance for Hacking Damages

Major Korean Insurer to Offer Crypto Exchanges Insurance for Hacking DamagesA major South Korean insurance company reportedly will start offering cryptocurrency exchanges insurance aimed at compensating for damages caused by hacking, according to local media. Currently, few crypto exchanges in the country are insured and hacking damages are not covered. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Introducing Hacking Insurance A […]

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Major Korean Insurer to Offer Crypto Exchanges Insurance for Hacking Damages

Major Korean Insurer to Offer Crypto Exchanges Insurance for Hacking DamagesA major South Korean insurance company reportedly will start offering cryptocurrency exchanges insurance aimed at compensating for damages caused by hacking, according to local media. Currently, few crypto exchanges in the country are insured and hacking damages are not covered. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Introducing Hacking Insurance A […]

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South Korean Lawmaker Proposes Special Crypto Zone for ICOs

South Korean Lawmaker Proposes Special Crypto Zone for ICOsA South Korean lawmaker has reportedly proposed designating a regulation-free special cryptocurrency zone aimed at initial coin offerings. It has been about a year since token sales were banned in the country but the government has yet to introduce any guidelines for them. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Proposal […]

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Report Finds Mining Activity and Bitcoin Exchange Development in North Korea

Report Finds Mining Activity and Bitcoin Exchange Development in North KoreaA report by South Korea’s state-run Korea Development Bank (KDB) suggests that North Korea has been mining cryptocurrencies, according to local media. In addition, a technology firm in the country is developing an exchange platform for bitcoin, while average citizens of North Korea have little knowledge of cryptocurrency, the report claims. Also read: Yahoo! Japan Confirms […]

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Korea Roundup: Mongolian Government Visits Bithumb, New BTM, Hardware Wallet

Korea Roundup: Mongolian Government Visits Bithumb, New BTM, Hardware WalletIn South Korea, Bithumb was visited by officials of the Mongolian government. Upbit is offering free training leading up to its developer conference. A public company has unveiled a hardware wallet as it enters the crypto space. Meanwhile, hacked crypto exchange Coinrail has launched an international service for non-Korean customers, and a US bitcoin ATM […]

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Korean Government: 11 out of 21 Crypto Exchanges Complete Security Measures

Korean Government: 11 out of 21 Crypto Exchanges Complete Security MeasuresThe South Korean government has announced the outcome of its inspection of 21 cryptocurrency exchanges. While a number of exchanges have completed implementing both short-term and wallet management measures, many security vulnerabilities remain at most exchanges. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space 21 Exchanges Inspected South Korea’s government has announced the result […]

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