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Korean Regulator Takes Action Against 16 Foreign Crypto Exchanges

Korean Regulator Takes Action Against 16 Foreign Crypto ExchangesThe South Korean financial intelligence unit is taking action against 16 foreign cryptocurrency exchanges for operating illegally in the country. “For illegal business activities of unregistered entities, maximum of 5 years of imprisonment or up to KRW 50 million of fines can be imposed,” the regulator said. 16 Foreign Crypto Exchanges Flagged by South Korean […]

Bitcoin mining stocks saw spikes across the board ahead of halving event

60 Cryptocurrency Exchanges in South Korea to Shut Down All or Some Services This Week

60 Cryptocurrency Exchanges in South Korea to Shut Down All or Some Services This WeekThe deadline for cryptocurrency exchanges and wallet operators to comply with the new regulatory requirements to stay open in South Korea is this week. So far, only one crypto exchange has been licensed to continue operations. About 60 crypto exchanges are expected to either shut down or reduce services. 60 Crypto Exchanges Expected to Shut […]

Bitcoin mining stocks saw spikes across the board ahead of halving event

Korean Government Says 28 Crypto Exchanges Have Met Regulatory Requirements to Continue Operations

Korean Government Says 28 Crypto Exchanges Have Met Regulatory Requirements to Continue OperationsThe deadline for cryptocurrency exchanges to meet the requirements to continue operations under new crypto regulations in South Korea is rapidly approaching. A total of 28 cryptocurrency exchanges have reportedly been cleared by the regulators to remain open. However, only four crypto exchanges have met the requirements to offer trading in Korean won. 28 Cryptocurrency […]

Bitcoin mining stocks saw spikes across the board ahead of halving event

Korean Regulator to Shut Down 11 Cryptocurrency Exchanges Ahead of Regulatory Deadline

Korean Regulator to Shut Down 11 Cryptocurrency Exchanges Ahead of Regulatory DeadlineSouth Korea’s top financial regulator will shut down 11 cryptocurrency exchanges allegedly engaged in fraudulent bank account schemes, local media reported. Meanwhile, the deadline for all crypto exchanges to comply with the country’s regulation is drawing near and most of them have not been able to meet the requirements. 11 Crypto Exchanges Could Be Shut […]

Bitcoin mining stocks saw spikes across the board ahead of halving event

Korean Crypto Exchanges Consider Suing Government Over Banking Requirements

Korean Crypto Exchanges Consider Suing Government Over Banking RequirementsAll cryptocurrency exchanges in South Korea except the largest four may be unable to meet the bank account requirements needed to stay in business. A number of Korean crypto exchanges are considering suing the government and financial authorities, claiming that the country’s crypto law is unconstitutional. A number of exchanges are currently considering filing a […]

Bitcoin mining stocks saw spikes across the board ahead of halving event