China Wants to Restrict Cryptocurrency Websites

China Wants to Restrict Cryptocurrency Websites

In recent years the Chinese government has vowed to strengthen its crackdown on cryptocurrencies by forcing banks and financial institutions to report to the authorities about any potential cryptocurrency-related transaction. Consequently, traders have…

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South Korea Finance Minister Says No Bitcoin and Cryptocurrency Ban

South Korea Finance Minister Says No Bitcoin and Cryptocurrency Ban

Although it has been made clear by the South Korean government on several occasions that a ban on bitcoin and cryptocurrency trading will not be imposed, parts of the market have remained bearish, still concerned about the possibility of a ban in the l…

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Major South Korean E-Commerce Firm’s Integration of Cryptocurrencies Will Fuel Adoption

Major South Korean E-Commerce Firm’s Integration of Cryptocurrencies Will Fuel Adoption

WeMakePrice, one of South Korea’s largest e-commerce platforms, will integrate 12 cryptocurrencies including bitcoin, Ethereum, EOS, Ripple, Qtum, and Bitcoin Cash to its existing payment application, to allow its consumers to pay for products using cr…

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South Korea’s Government is Reportedly Planning to Hit Cryptocurrency Exchanges with Tax Bills

South Korea’s Government is Reportedly Planning to Hit Cryptocurrency Exchanges with Tax Bills

South Korea’s government is reportedly hitting the country’s digital currency exchanges with tax demands in a bid to control the market. According to the Yonhap News Agency, South Korean cryptocurrency exchanges will be required to pay 22 percent of co…

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South Korea Cryptocurrency Ban FUD Has Shown Importance of Decentralized Exchanges

South Korea Cryptocurrency Ban FUD Has Shown Importance of Decentralized Exchanges

Recently, the news of a South Korea cryptocurrency trading ban, which was ultimately refuted by the country’s government and the Blue House, the executive office of President Moon Jae-in, caused markets to rapidly decline.  Cryptocurrency investors and…

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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 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 Korean Government Will Regulate Bitcoin Exchanges, Refutes Ban Rumors

South Korean Government Will Regulate Bitcoin Exchanges, Refutes Ban Rumors

The South Korean government has officially refuted various reports on the possibility of a cryptocurrency trading ban within the country. On Wednesday, December 13th, the South Korean government, central bank, and financial authorities had held an emer…

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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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South Korea’s Largest Travel Agency Breached, Hacker Demands Bitcoin Payment

South Korea’s Largest Travel Agency Breached, Hacker Demands Bitcoin Payment

Last month, Hanatour, South Korea’s largest travel agency suffered a major security breach, as hackers stole the personal information of over one million users. According to local news publications, hackers have demanded that Hanatour pay a one-time ra…

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