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South Korea bans crypto executives from trading on their own platforms

Ana Grabundzija · 7 days ago · 2 min read

South Koreans lost $5 billion to crypto crimes in the past four years

South Korean police arrested 14 people involved in a cryptocurrency fraud case totaling $3.5 billion earlier this month, bringing the country’s losses to $5 billion in the last five years, reported the South Korean daily newspaper Hankyoreh on the 26th.

Ana Grabundzija · 2 weeks ago · 1 read

Korean students say crypto trading gives them stress, causes insomnia

Blinded by the promise of fast cars, luxury hotels, and stacks of dollar bills, young Koreans turned to crypto trading as a means of building wealth but ended up with the exact opposite, reports local daily The Korea Times.

Shaurya Malwa · 3 weeks ago · 2 min read

Korean banks sound alarm as altcoins volumes grow in the country

The Korea Federation of Banks (KFB) has recently urged its members to estimate the total number of altcoins their crypto exchange clients are offering to measure risks associated with them, local outlet The Korea Herald reported yesterday.

Liam Frost · 1 month ago · 2 min read

Korean crypto exchanges could face harsh laws if new proposal is passed

The ruling party of South Korea has proposed a new bill that aims to limit crypto-related companies’ ability to trade digital assets and increase their liability in case of a hack, local news outlet Naver reported today.

Liam Frost · 1 month ago · 2 min read

Dogecoin volumes in Korea exceeded those of its entire stock market yesterday

South Korean crypto exchanges processed more Dogecoin trades yesterday than the average volume of stocks traded on the country’s traditional exchanges, data from multiple sources shows.

Shaurya Malwa · 1 month ago · 2 min read

54% of Koreans say they support crypto taxes

A new survey in South Korea has shown that 53.7% of respondents support the upcoming implementation of capital gain taxes on profits from crypto trading, local outlet Yonhap News Agency reported today.

Liam Frost · 1 month ago · 1 read

Young Koreans hooked on Bitcoin trading sparks “crypto addiction” fears

An article today from the leading South Korean newspaper Chosun Ilbo detailed the phenomenon of obsessive Bitcoin tracking and mentioned the impact of price fixation on the lives of young Koreans, even to the point of interfering with their work commitments.

Samuel Wan · 2 months ago · 2 min read

Korea’s financial watchdog orders employees to disclose crypto holdings

The chairman of South Korea’s Financial Services Commission (FSC), Eun Sung-soo, has ordered the regulator’s employees involved in digital assets-related policymaking to disclose their crypto holdings by May 7, local outlet The Korea Times reported today.

Liam Frost · 2 months ago · 2 min read

Korea weighs delaying crypto taxation laws to appeal to young voters

South Korean officials are in talks to delay a crypto taxation law scheduled for later this year, as per a report by local daily Hankyung today.

Shaurya Malwa · 2 months ago · 2 min read

Korean tax officers seize $22M in crypto directly from exchange accounts

South Korea’s Seoul metropolitan government has seized 25 billion won ($22 million) worth of crypto from tax evaders—directly out of their exchange accounts, local news outlet Yonhap reported yesterday.

Liam Frost · 2 months ago · 2 min read

Korean minister says all 200 crypto exchanges in the country face a risk of closing down

Eun Seong-soo, chairman of the Finance Committee in South Korea, said this morning that over 200 cryptocurrency exchanges at the risk of being closed down in September this year if they fail to follow the relevant regulations, as per a report on leading local outlet Chosun.

Shaurya Malwa · 2 months ago · 2 min read

South Korea aims to “pay special attention” to Bitcoin and crypto transactions

South Korea’s regulators have announced a new crackdown on crypto-related illegal activity amidst the ongoing digital assets trading boom, local news outlet Yonhap News Agency reported today.

Liam Frost · 2 months ago · 2 min read

Edge

Why did South Korea just say ‘no’ to a Bitcoin ETF listing on its stock exchange?

A Korean crypto company had ambitious plans to launch a Bitcoin exchange-traded fund (ETF) in the crypto-frenzied market last week.

Shaurya Malwa · 2 months ago · 2 min read

Edge

What is the ‘Kimchi Premium’ and why is it a ‘top’ indicator for Bitcoin?

Bitcoin is trading at nearly $66,000 in South Korea.

Shaurya Malwa · 2 months ago · 2 min read

Morgan Stanley reportedly looks to acquire stake in Korean exchange Bithumb

American multinational investment bank Morgan Stanley is currently in talks to acquire a stake in top South Korean cryptocurrency exchange Bithumb, local news outlet Naver reported on Friday.

Liam Frost · 3 months ago · 1 read

Edge

South Korean crypto exchange volumes surpass those of its entire stock market

The country is one of the biggest markets for crypto in the world and is known for its ‘Kimchi Premium.’ The month it went ballistic South Korean crypto exchanges are now processing more volumes each day compared to traditional stock exchanges, a report on local publication Hankyung said Monday.

Shaurya Malwa · 3 months ago · 2 min read

Ethereum dev Virgil Griffith battles North Korea aiding charges against the US

Ethereum developer and Wikiscanner creator Virgil Griffith filed a motion last week to dismiss US government charges of him “aiding” the North Korean government, documents released last week showed.

Shaurya Malwa · 8 months ago · 2 min read

Blockchain at the center of Korean island’s $5 billion development plan

Won Hee-ryong, the governor of Korea’s Jeju island, has announced a $5 billion government investment plan focused on developing blockchain and IoT technologies.

Priyeshu Garg · 8 months ago · 2 min read

South Korean regulators are not excited about Ethereum NFTs

If you happened to drop by the crypto space on social media in recent weeks, NFTs, short for non-fungible tokens, look to be the latest Ethereum-based assets that are steadily gaining at both popularity and price.

Shaurya Malwa · 9 months ago · 3 min read

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Latest Korea Blockchain News

South Koreans lost $5 billion to crypto crimes in the past four years

Korean students say crypto trading gives them stress, causes insomnia

Korean banks sound alarm as altcoins volumes grow in the country

Korean crypto exchanges could face harsh laws if new proposal is passed

Dogecoin volumes in Korea exceeded those of its entire stock market yesterday

54% of Koreans say they support crypto taxes

Young Koreans hooked on Bitcoin trading sparks “crypto addiction” fears

Korea’s financial watchdog orders employees to disclose crypto holdings

Korea weighs delaying crypto taxation laws to appeal to young voters

Korean tax officers seize $22M in crypto directly from exchange accounts

Korean minister says all 200 crypto exchanges in the country face a risk of closing down

South Korea aims to “pay special attention” to Bitcoin and crypto transactions

Why did South Korea just say ‘no’ to a Bitcoin ETF listing on its stock exchange?

What is the ‘Kimchi Premium’ and why is it a ‘top’ indicator for Bitcoin?

Morgan Stanley reportedly looks to acquire stake in Korean exchange Bithumb

South Korean crypto exchange volumes surpass those of its entire stock market

Ethereum dev Virgil Griffith battles North Korea aiding charges against the US

Blockchain at the center of Korean island’s $5 billion development plan

South Korean regulators are not excited about Ethereum NFTs

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