South Korea


Mercati

Crypto Exchange Binance Terminates South Korea Operations Due to Low Usage

Cryptocurrency exchange Binance said a new South Korean law going into effect early next year was another factor.

shutterstock_shutterstock_1066582802

Finanza

South Korea's Hashed Raises $120M Venture Fund for Crypto Deals

Hashed Ventures has raised $120 million for a fund that will be focused on a new era of distributed networks.

Simon Kim, founder and CEO of Hashed

Mercati

Crypto Exchange Upbit Sets Withdrawal Delay in Bid to Tackle Fraudsters

The South Korea-based exchange has announced a 24-hour cryptocurrency withdrawal delay in an effort to protect user accounts from malicious attacks.

Upbit-logo

Politiche

South Korea May Delay Implementation of 20% Crypto Tax Till 2022

The National Assembly is pushing for a delay to the tax proposal to allow exchanges more time to prepare.

South Korean National Assembly building

Mercati

South Korean Crypto Firms Must Disclose Users' Identities Under Planned Law Change

South Korea's top financial watchdog wants legal changes making it mandatory for cryptocurrency firms to report the names of customers.

South Korean National Assembly building

Finanza

Chinese Payments Giant UnionPay to Support Crypto Spending With New Virtual Card

The world's biggest credit and debit card company will support payments with a South Korea-developed cryptocurrency for an upcoming virtual card offering.

china unionpay

Politiche

South Korea's Central Bank to Test Digital Currency in 2021

The Bank of Korea is to run virtual trials of a possible central bank digital currency through 2021.

Bank of Korea

Politiche

Bithumb Exchange's Offices Raided Again by Korean Authorities: Report

Local officials are said to have raided Bithumb's offices for the second time in a week as part of a fraud investigation.

(Shutterstock)

Mercati

Police Reportedly Raid Headquarters of Bithumb, South Korea's Largest Exchange

Crypto exchange Bithumb has reportedly been seized by police in Seoul on allegations that its chairman engaged in investment fraud.

(Primakov/Shutterstock)

Politiche

South Korea’s Central Bank Starts Technical Phase for Digital Currency Ahead of 2021 Pilot

The Bank of Korea is seeking a partner to help develop the architecture for a potential central bank digital currency.

Bank of Korea