South Korea


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South Korean Cryptocurrency Industry Claps Back; Bitcoin’s Nosedive

Cryptocurrency investors in South Korea are striking back at authorities’ anti-crypto rhetoric. A series of national petitions, including one to unseat financial watchdog chief Eun Sung-soo, gained traction after he disregarded cryptocurrencies as “real currency," The crypto market swims in seas of red as 13% of its total market cap is shaved off in the past 24 hours. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

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South Korea Kicks Off New Crackdown on Illicit Crypto Activities

South Korean authorities are now targeting all illicit crypto activities in the country during a special enforcement period from April to June. “The Hash” panel suggests why this might be a big turnaround for Korea in its position as a major global hub for cryptocurrencies.

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Macau Considers e-CNY Rollout; Kimchi Premium Arbitrage on the Rise

Macau, one of the largest casino hubs globally, is studying the feasibility of CBDC applications with the help of the Chinese central bank. Top South Korean banks urge the banking industry to reject suspicious remittance applications as kimchi premium arbitrage rises. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

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Korea’s BTC Premium Nosedives; Officials Take Aim at Crypto

Government dismay at crypto frenzy in South Korea brings the country’s bitcoin premium down a few notches, but despite threats and policy chills, it’s only got more South Koreans interested in the dizzying crypto world. More on that story and other news shaping cryptocurrency and blockchain – in this episode of The Daily Forkast on CoinDesk TV, April 8, 2021.

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South Korean Crypto Exchange OKEx to Shut Down

OKEx, one of South Korea’s largest crypto exchanges, announced it will close down due to new anti-money laundering (AML) guidelines that would make it too difficult to continue operating. “The Hash” panel breaks down what new Financial Action Task Force (FATF) draft guidelines might mean for the wider crypto world.

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