South Korea


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Report: Korean Political Parties to Propose New Crypto Laws

Lawmakers in South Korea are said to be racing to make laws to regulate the sector.

BTC and won

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Korea's Oldest Mileage Program May Convert Cash Points to Crypto

The company behind OK Cashbag, the oldest mileage point program in South Korea, is mulling a plan to convert cash points into cryptocurrency.

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Korean Watchdog Tightens Rules on Crypto Exchange Bank Accounts

Banks in South Korea are now required to monitor all accounts held by crypto exchanges following a tightening of anti-money laundering measures.

South korea FSC chairman

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Korea's Exchange Hacks: What the Country's Crypto Scene Is Saying

Koreans have been up in arms on social media ever since two popular South Korean crypto exchanges were hacked only weeks a part from each other.

SK

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Exchange Leak Puts $620K-Worth of Customer Crypto at Risk

A new exchange from South Korea leaked critical information about 19 of its users, a mistake that could have cost them $620,000 in cryptocurrency.

keys, cryptography

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Korean Government to Lead 6 Blockchain Pilots With $9 Million Fund

A South Korean government agency has announced a plan to boost blockchain adoption in the country.

seoul

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Bithumb Working With Other Crypto Exchanges to Recover Hacked Funds

South Korea's Bithumb cryptocurrency exchange said Thursday that it may be able to reduce the losses arising from a major hack earlier this week.

Korean won

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Bank of Korea: Central Bank Cryptocurrencies Pose 'Moral Hazard'

South Korea's central bank has announced that it does not plan to launch its own digital currency over fears it could destabilize the economy.

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Korean Banks Can Use Blockchain to Verify Customer IDs from July

A national banking group from South Korea is to roll out a blockchain-based ID verification system for domestic banks next month.

mobile banking

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Crypto Exchange Bithumb Hit With Bill After Tax Investigation Ends

South Korean cryptocurrency exchange Bithumb has been found not guilty of tax evasion, but now faces a massive tax bill, according to reports.

won