South Korea


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Korea to Inspect 3 Banks Over Crypto Exchange Connections

Three South Korean banks are to be inspected over their compliance with new anti-money laundering rules for cryptocurrency exchange accounts.

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Korean Police Detain 4 Crypto Exchange Execs Over Alleged Embezzlement

South Korean police on Thursday detained four executives from two cryptocurrency exchanges over alleged embezzlement.

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R3 Researcher: Central Bank Blockchain Could Go Live In 2018

South Korea's first major blockchain conference saw discussion of the possibility of a central bank cryptocurrency Wednesday.

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Korea's Crypto Exchanges Pledge Market Cleanup

While the crypto market has seen a major correction recently, Korean exchanges show future optimism and double down on self-regulation efforts.

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Korean Police Bust Bitcoin Miners Illegally Using Cheap Factory Power

Companies using cheap electricity to mine cryptocurrencies at industrial complexes in South Korea have reportedly been arrested by police.

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Report: Korean Insurer Denies Claim from Bankrupt Crypto Exchange

A South Korean cryptocurrency exchange has reportedly had its insurance claim denied months after it closed following a debilitating hack.

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Survey: Younger Koreans More Likely to Invest in Crypto

Nearly a quarter of South Koreans in their 20s want to invest in cryptocurrencies, according to a new poll conducted by Bank of Korea.

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Kakao Confirms Creation of Blockchain Platform, Denies ICO Rumor

South Korean internet giant Kakao has confirmed it is setting up a new blockchain subsidiary, but quashed rumors of a planned initial coin offering.

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Korean Regulators to Probe Bank AML Measures for Crypto Exchanges

Two South Korean regulators are reportedly launching an investigation of banks' implementation of anti-money laundering procedures for exchanges.

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South Korean Financial Watchdog Touts Blockchain in Fintech Plans

South Korea's Financial Services Commission plans to encoureage businesses to use blockchain tech in new payment systems and more.

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