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Crypto Exchange Bitfront Said to End Korean Services Ahead of Tough New Regulations

Bitcoin.com
Crypto Exchange Bitfront Said to End Korean Services Ahead of Tough New Regulations
bitcoin.com
Crypto Exchange Bitfront Said to End Korean Services Ahead of Tough New RegulationsU.S.-based crypto trading platform Bitfront is going to discontinue services in South Korea before stricter rules for the industry are enforced in September, Korean media reported. The exchange, a subsidiary of Japanese tech giant Line, is currently available to Korean traders. Line’s Bitfront Exchange to Discontinue Services for Korean Cryptocurrency Traders With tighter regulations on […]
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Bitcoin Tumbles Below K Amid Sector-Wide Bloodbath

Bitcoin Tumbles Below $89K Amid Sector-Wide Bloodbath

South Korean Regulators Warn Dozens of Foreign Exchanges to Comply With New Rules

Bitcoin.com
South Korean Regulators Warn Dozens of Foreign Exchanges to Comply With New Rules
bitcoin.com
South Korean Regulators Warn Dozens of Foreign Exchanges to Comply With New RulesOverseas crypto exchanges marketing to Koreans will be blocked if they fail to comply with new South Korean regulations. The country’s anti-money laundering body has sent a notice to a number of foreign trading platforms warning them a registration is mandatory in order to provide services to Korean residents. Korean Financial Intelligence Unit Notifies Foreign […]
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Bitcoin Tumbles Below K Amid Sector-Wide Bloodbath

Bitcoin Tumbles Below $89K Amid Sector-Wide Bloodbath

Korean Banks Elevate Cybersecurity to Deal With Crypto-Related Risks

Bitcoin.com
Korean Banks Elevate Cybersecurity to Deal With Crypto-Related Risks
Banks
Korean Banks Elevate Cybersecurity to Deal With Crypto-Related RisksSouth Korean banks are taking steps to bring cybersecurity to a new level as they try to keep up with fintechs and address new threats arising from their interaction with the crypto space. A number of institutions are adopting unprecedented measures including the integration of blockchain technologies, Korean media reported. South Korean Banks Boost Cybersecurity […]
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Bitcoin Tumbles Below K Amid Sector-Wide Bloodbath

Bitcoin Tumbles Below $89K Amid Sector-Wide Bloodbath

Korean Crypto Exchanges Consider Suing Government Over Banking Requirements

Bitcoin.com
Korean Crypto Exchanges Consider Suing Government Over Banking Requirements
bank accounts
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 […]
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Bitcoin Tumbles Below K Amid Sector-Wide Bloodbath

Bitcoin Tumbles Below $89K Amid Sector-Wide Bloodbath

Korean Banks to Be Relieved of Liability for Crypto-Related Crime, Report Suggests

Bitcoin.com
Korean Banks to Be Relieved of Liability for Crypto-Related Crime, Report Suggests
accounts
Korean Banks to Be Relieved of Liability for Crypto-Related Crime, Report SuggestsBanking institutions in South Korea have reportedly requested to not be held accountable for crimes linked to cryptocurrencies such as money laundering. According to local media, financial regulators are now developing rules that could relieve Korean banks from responsibility when screening the crypto exchanges they work with. New Guidelines to Appease South Korean Banks Korean […]
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Bitcoin Tumbles Below K Amid Sector-Wide Bloodbath

Bitcoin Tumbles Below $89K Amid Sector-Wide Bloodbath

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