South Korea News

South Korea is an important segment of the cryptocurrency market, with a lot of cryptocurrency investments, technological developments and large cryptocurrency exchanges established in the country. South Koreans are famous for have a high percentage of cryptocurrency enthusiasts within the population, but the South Korean government is not so keen on cryptocurrencies. The latest South Korea cryptocurrency news concerns a police investigation into Upbit, South Korea’s largest cryptocurrency exchange that had a massive effect on markets on the 11th of May. South Korean cryptocurrency regulations are pretty tough. ICOs are banned and local cryptocurrency exchanges are being shut down or else have found themselves under increased supervision. The South Korean government is concerned about money laundering, tax evasion and excessive speculations. It is a prospective that foresees the continued actions of lawmakers to push forward with new restrictions.

New Energy Efficient Samsung Chips Could Benefit Crypto Miners

OCT 18, 2018 | by Helen Partz

Samsung has launched a new production process for its 7nm chips, making them more energy efficient, which could prove a boon for crypto miners.

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Chinese Crypto Exchange BTCC Plans South Korean Launch in November

OCT 17, 2018 | by Marie Huillet

China’s first crypto exchange BTCC, formerly known as BTC China, is set to launch trading services in South Korea in November.

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Major Korean Financial Holding Company Wins Blockchain Patent for Improved Fintech Security

OCT 15, 2018 | by Marie Huillet

Leading South Korean financial holding company KB Financial Group has been awarded a patent for a blockchain-based fintech app security solution.

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Hodler’s Digest, October 8-14: Ran Neuner Thinks BTC’s Price Will ‘Explode,’ While Research Predicts Market Will ‘Implode’

OCT 14, 2018 | by Molly Jane Zuckerman

Roger Ver wants Bitcoin.com to have its own crypto exchange, while CNBC’s Ran Neuner thinks Bitcoin’s price could soon “explode.”

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South Korean Financial Regulator Reaffirms Negative Stance on ICOs and Crypto

OCT 13, 2018 | by Ana Alexandre

A top Korean financial regulator has reiterated his negative position on ICOs and digital currencies, though he does not deny the potential of blockchain.

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Plastic Surgeon and Startup Investor Buys $352 Million Stake in Korean Crypto Exchange Bithumb

OCT 12, 2018 | by Marie Huillet

A group led by one of South Korea's leading plastic surgeons has made a $352 million investment in domestic crypto exchange Bithumb’s holding company.

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South Korea to Announce Its ICO Stance in November, Top Official Says

OCT 11, 2018 | by Ana Berman

Top South Korean official says the government will announce its official position on ICOs in November, based on the results of recent discussions.

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Messaging Giant Kakao Corp Releases Blockchain Platform Testnet Ahead Of Q1 2019 Launch

OCT 08, 2018 | by William Suberg

S. Korea’s mobile giant Kakao Corp’s proprietary blockchain platform Klaytn has entered its testnet phase with selected partners.

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Seoul Mayor Announces Five-Year Plan for Promoting Blockchain Industry

OCT 04, 2018 | by Helen Partz

The mayor of Seoul has rolled out a project to boost the blockchain industry, including setting up an $88 million public-private fund.

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Major Korean Crypto Exchange Bithumb to Launch Global Decentralized Platform

OCT 04, 2018 | by Marie Huillet

World’s sixth largest crypto exchange Bithumb is launching a global decentralized trading platform in partnership with blockchain firm One Root Network.

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Venture Capital Investment in Blockchain and Crypto Up 280% in 2018, Report Shows

OCT 02, 2018 | by Marie Huillet

A new report from Diar reveals that “traditional” venture capital investment in blockchain and crypto firms has almost tripled in the first three quarters of 20...

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Korea’s Largest VC Firm Makes First Investment in Enterprise Blockchain Startup

OCT 02, 2018 | by Marie Huillet

KIP is known for its investments in high-ranking firms, including Naver and Kakao.

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South Korean Government to Exclude Sale, Brokerage of Digital Assets from Venture Business

SEP 27, 2018 | by Max Yakubowski

A new amendment from the South Korean government will exclude the sale and brokerage of digital assets from venture business classification.

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Legit vs. Illicit Crypto: North and South Korean Approaches Compared

SEP 27, 2018 | by Simon Chandler

North and South Korea: divergent political situations and divergent approaches to crypto.

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South Korea’s Crypto Market Overview: How Largest Banks and Conglomerates Back Exchanges

SEP 25, 2018 | by Joseph Young

The crypto market and blockchain sector in South Korea is thriving with the involvement of major banks and conglomerates.

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Cryptocurrency Market Takes a Tumble as Ripple Bubble Fear Looms

JAN 08, 2018 | by Darryn Pollock

The top 16 cryptocurrencies have all plunged between three and 39 percent today as altcoin bubble fears loom and Bitcoin feels the pinch.

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OFFICIAL: No Cryptocurrency Trading Ban in South Korea, Government Says

JAN 12, 2018 | by Joseph Young

The Blue House, the executive office of the South Korean President, has announced that there will be no cryptocurrency trading ban in the short-term.

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Crypto Market Suffers From Uncertainty in Asia, Losses Up to 40%

JAN 16, 2018 | by William Suberg

Regulatory uncertainty in Asia has once again rattled cryptocurrency markets as traders nurse 40% portfolio hits

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New Report: North Korean Hackers Stole Funds From South Korean Cryptocurrency Exchanges

JAN 21, 2018 | by Joseph Young

US cybersecurity firm Recorded Future has released a new report linking Lazarus, a North Korean hacking group, to various South Korean cryptocurrency exchange h...

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South Korea More Than Doubled Ripple’s Price in Single Week

JAN 02, 2018 | by Joseph Young

The South Korean cryptocurrency market has played a crucial role in bringing RIpple from a market cap of $40 billion to $88 billion.

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South Korea Clarifies Position on Crypto Regulation Amidst Confusion in Mainstream Media

JAN 15, 2018 | by William Suberg

South Korea to penalize traders who do not use their real names on crypto exchange accounts, gov’t clarifies its position.

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What the FUD? Bitcoin Market Beset by January Woes

JAN 25, 2018 | by Gareth Jenkinson

With the crypto markets being depressed following waves of fear, let’s take a look at what’s actually been happening.

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Experts Answer Question: “How Did Bitcoin Reach $10,000?”

NOV 30, 2017 | by Darryn Pollock

With Bitcoin having hit the magical $10,000 mark, experts chime in on how we got here.

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Bitcoin Cash Trading Volumes 20 Percent More Than Bitcoin: Reasons & Trends

AUG 20, 2017 | by Jacob J

While in terms of market capitalization Bitcoin Cash is still playing catch up with Bitcoin, in terms of trading volume Bitcoin Cash has overtaken Bitcoin and c...

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S. Korea To Tax Crypto Exchanges 24.2 Percent, In Line With Existing Tax Policy

JAN 22, 2018 | by Molly Jane Zuckerman

The South Korean government has announced that crypto exchanges will be expected to pay 24.2% in taxes, just like all corporations that earn over 20 bln won a y...

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Green Light for Crypto: Market Gets Back on Its Feet

JAN 18, 2018 | by Darryn Pollock

The panic button was well and truly mashed, but it seems that it could well have been yet another false alarm.

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South Korean Petition Against Crypto Regulation Gets 200K Signatures, Government Must Respond

JAN 17, 2018 | by Helen Partz

200,000 people sign a petition asking the South Korean government to stop its attempts of strict cryptocurrency regulation, government obligated to respond.

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Is Global Front on Bitcoin Regulation Possible?

JAN 16, 2018 | by Darryn Pollock

Countries taking on Bitcoin by themselves will never succeed in terms of regulating the digital currency.

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Bitcoin Halts Week-Long Slide But Battles With Regulatory Pressure

JAN 14, 2018 | by Darryn Pollock

Conflicting news out of Korea has played its part in keeping Bitcoin down, yet it has steadied.

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Black January: Why is Bitcoin in Such a Bad Way?

FEB 02, 2018 | by Darryn Pollock

Bitcoin has taken some knocks through January, but not all of them are legitimate punches.

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Cryptocurrency Market Takes a Tumble as Ripple Bubble Fear Looms

JAN 08, 2018 | by Darryn Pollock

The top 16 cryptocurrencies have all plunged between three and 39 percent today as altcoin bubble fears loom and Bitcoin feels the pinch.

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Black January: Why is Bitcoin in Such a Bad Way?

FEB 02, 2018 | by Darryn Pollock

Bitcoin has taken some knocks through January, but not all of them are legitimate punches.

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Monero Price Jumps Over 40 Percent on Rumors It Will Soon Debut on Bithumb Exchange

AUG 21, 2017 | by William Suberg

Monero has jumped over 35 percent on rumors it will soon debut on South Korean exchange Bithumb.

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Crypto Market Suffers From Uncertainty in Asia, Losses Up to 40%

JAN 16, 2018 | by William Suberg

Regulatory uncertainty in Asia has once again rattled cryptocurrency markets as traders nurse 40% portfolio hits

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Finding a Price: Why is Bitcoin Worth What it is?

FEB 02, 2018 | by Darryn Pollock

Up or down, or somewhere in between, there are a few things at play determining Bitcoin price.

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Consortium Of 61 Japanese Banks To Release Instant Mobile Payment App Powered By Ripple

MAR 07, 2018 | by Molly Jane Zuckerman

The 61-bank Japanese Bank Consortium has partnered with Ripple to release an instant domestic money transferring app this fall.

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South Korea More Than Doubled Ripple’s Price in Single Week

JAN 02, 2018 | by Joseph Young

The South Korean cryptocurrency market has played a crucial role in bringing RIpple from a market cap of $40 billion to $88 billion.

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Ripple Announces Partnership With MoneyGram To Speed Fiat Settlements

JAN 11, 2018 | by William Suberg

Ripple announces that it will partner with to enhance the fiat payment platform’s settlement rates.

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South Korean Petition Against Crypto Regulation Gets 200K Signatures, Government Must Respond

JAN 17, 2018 | by Helen Partz

200,000 people sign a petition asking the South Korean government to stop its attempts of strict cryptocurrency regulation, government obligated to respond.

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German Central Bank Director: Crypto Regulations Must Be International

JAN 16, 2018 | by Jon Buck

Crypto regulations should be global, according to the director of Germany’s Bundesbank.

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Is Global Front on Bitcoin Regulation Possible?

JAN 16, 2018 | by Darryn Pollock

Countries taking on Bitcoin by themselves will never succeed in terms of regulating the digital currency.

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South Korea Preparing Full Crypto Exchange ‘Ban’ - Local Press

DEC 08, 2017 | by William Suberg

South Korea appears to be eyeing a full ban on exchanges similar to China, local news reports suggest.

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Weiss Ratings Gives Bitcoin C+, Sparks South Korean DDoS Revenge

JAN 25, 2018 | by William Suberg

Weiss’ lacklustre rating of Bitcoin as ‘C+’ has led to South Korea launching an offensive against its website.

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S. Korea To Tax Crypto Exchanges 24.2 Percent, In Line With Existing Tax Policy

JAN 22, 2018 | by Molly Jane Zuckerman

The South Korean government has announced that crypto exchanges will be expected to pay 24.2% in taxes, just like all corporations that earn over 20 bln won a y...

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Another FUD String to JP Morgan Bow: Governments Will Ban Bitcoin, Mike Bell

JAN 18, 2018 | by Darryn Pollock

With rumors circulating about bans in Korea, another bout of FUD has been birthed out of JP Morgan.

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