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.

News
South Korea's government plans to tax capital gains returns on cryptocurrency transactions.
South Korea: Gov’t Seeks to Tax Crypto Transactions as Capital Gains
Marie Huillet
2019-12-09T09:00:00+00:00
2241
News
KT Corporation wants to use blockchain to streamline roaming processes with China Mobile, the Chinese operator with which it is also partnering on a 5G rollout.
South Korea Telecoms Giant Ramps Up Blockchain Roaming Deal With China
William Suberg
2019-12-05T09:04:00+00:00
2494
News
South Korean startup claims to have developed a new technology that could reduce blockchain transaction times to fractions of a second.
South Korean Startup Claims to Have Solved Blockchain’s Speed Problem
Joeri Cant
2019-12-03T23:01:00+00:00
5226
News
One of the addresses involved in last week’s theft from South Korean crypto exchange Upbit has successfully moved 10,000 Ether (~$1.5 million) to an unknown wal...
Upbit Hack: Stolen ETH Worth Millions on the Move to Unknown Wallets
Marie Huillet
2019-12-03T09:51:00+00:00
2977
Follow up
Major South Korean cryptocurrency exchange Upbit has lost 342,000 ETH. All users will soon be reimbursed with corporate funds.
Upbit Promises Swift Reimbursement, Theories Over Missing Funds Swell
Stephen O'Neal
2019-11-28T12:29:00+00:00
1832
News
The CEO of Kakao said that the Klaytn blockchain developed by its subsidiary Ground X is similar in operation to Facebook’s Libra network but more advanced.
Klaytn Blockchain Ahead of Facebook’s Libra Network, Says Kakao CEO
Adrian Zmudzinski
2019-11-28T12:14:00+00:00
2658
News
Following the theft of 342,000 Ether from major South Korean crypto exchange Upbit, some are floating the theory of an inside job rather than a hack.
Signs Point to Inside Job in Upbit Crypto Exchange Hack, Says Commentator
Marie Huillet
2019-11-27T11:34:00+00:00
3697
News
Crypto exchange Upbit announced that 342,000 ETH worth about $50 million were sent to an unknown wallet in a suspected hack.
Crypto Exchange Upbit Confirms Theft of 342,000 Ether — $50M
Marie Huillet
2019-11-27T09:26:00+00:00
12141

Follow us on Facebook