Cryptocurrency Exchange Shutdown Unrealistic: South Korean Finance Official

Cryptocurrency Exchange Shutdown Unrealistic: South Korean Finance Official

On January 18th the chairman of South Korea’s Fair Trade Commission Kim Sang-jo stated during a radio show that shutting down cryptocurrency exchanges is not realistic. During the interview, chairman Kim went as far as to say that banning cryptocurrenc…

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South Korean Police Did Not Raid Cryptocurrency Exchanges, FUD Triggers Market

South Korean Police Did Not Raid Cryptocurrency Exchanges, FUD Triggers Market

This week, several Western mainstream media outlets have falsely reported that South Korean cryptocurrency exchanges were “raided” by local police and authorities. More inaccurate reports regarding the current state of the South Korean cryptocurrency e…

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South Korean Investor Brags About $24 Million Bitcoin Profit, Government Now Chasing Taxes

South Korean Investor Brags About $24 Million Bitcoin Profit, Government Now Chasing Taxes

On January 9, MoneyToday, one of the most widely read finance and business news publications in South Korea, reported that a South Korean investor has made a $22 million profit off a $90 investment in bitcoin he likely made in 2011. For a $90 investmen…

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South Korean Cryptocurrency Mania: Exchanges are Adding More Employees Than Banks

South Korean Cryptocurrency Mania: Exchanges are Adding More Employees Than Banks

South Korean cryptocurrency exchanges including Bithumb, Coinone, and Korbit are adding more employees than banks and financial institutions, local mainstream news networks have reported. YTN, one of South Korea’s largest mainstream media outlets, reve…

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South Korea’s Bitcoin Regulation is Highly Optimistic, False Reports Claim Ban

South Korea’s Bitcoin Regulation is Highly Optimistic, False Reports Claim Ban

Over the past 24 hours, a series of false reports from news publications including Reuters have claimed that the South Korean government is planning on banning or closing down cryptocurrency exchanges. An initial report from Reuters, which has since be…

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South Korean Minister’s “Bitcoin is Corrupting Kids” Logic is Flawed

South Korean Minister’s “Bitcoin is Corrupting Kids” Logic is Flawed

South Korean Prime Minister Lee Nak-yon has recently called for the imposition of strict and rigid regulatory frameworks for cryptocurrency businesses, given the exponential growth of the global bitcoin market. Lee emphasized that currently, cryptocurr…

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Australia’s Regulation Bill Includes Bitcoin for the First Time

Australia’s Regulation Bill Includes Bitcoin for the First Time

Australian authorities are updating their AML/CTF regulations which would regulate bitcoin exchanges for the first time. Last month, the Australian government announced the first stage of reforms to strengthen its anti-money laundering (AML) and counte…

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Putin: Cryptocurrencies Pose ‘Significant Risks,’ Regulation Needed

Putin: Cryptocurrencies Pose ‘Significant Risks,’ Regulation Needed

Russia’s president has come out and called for the regulation of cryptocurrencies such as bitcoin as they bear ‘significant risks.’ On Tuesday, Vladimir Putin was at a meeting in Sochi with top financial officials with the topic of digital currencies o…

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Chief Indian Economist: Bitcoin Won’t become a ‘Legal Currency’ in India without Regulation

Chief Indian Economist: Bitcoin Won’t become a ‘Legal Currency’ in India without Regulation

A prominent Indian economist believes that bitcoin needs to be regulated in India before it will become a legal currency. In a Q&A interview with the Economic Times, Dr S.P. Sharma, chief economist at the PHP Chamber of Commerce and Industry, was questioned on whether he thought bitcoin would be accepted legally in the country. […]

This post Chief Indian Economist: Bitcoin Won’t become a ‘Legal Currency’ in India without Regulation first appeared on Coinjournal.

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Major South Korean Bitcoin Trading Platform Coinone’s Offline Exchange is Growing in Popularity

Major South Korean Bitcoin Trading Platform Coinone’s Offline Exchange is Growing in Popularity

On September 11thh, Coinone, South Korea’s third-largest cryptocurrency exchange behind Bithumb and Korbit, launched the first offline cryptocurrency exchange in the country, enabling clients to purchase cryptocurrencies such as bitcoin through ATMs and physical products including USB drives. In South Korea, the vast majority of investors and traders have been aware of cryptocurrencies and the […]

This post Major South Korean Bitcoin Trading Platform Coinone’s Offline Exchange is Growing in Popularity first appeared on Coinjournal.

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