Tag: south korea

Bank of Korea to curtail leveraged crypto trading
May 28, 2021 BY Steffy Bogdanova

Bank of Korea to curtail leveraged crypto trading

These statements from Lee may not come as a surprise from those who know the governor’s policies, the chief who takes the title of being the second-longest-serving in his position having previously taken a similar stance on cryptocurrency in recent years. Lee has suggested that the central bank needs to engage in “close cooperation to…

Read more
March 11, 2020 BY Steffy Bogdanova

Bithumb teams up with Chainalysis as Korean regulations become tighter

South Korean cryotocurency exchange Bithumb announced its partnership with crypto forensics firm Chainanylsis after new Korean crypto regulations was established. Bithumb will use Chainalysis’s “Reactor” investigations tool for examination of suspicious activity on its platform in order to comply with Korea’s recently revised Special Financial Transactions Information Act. The new crypto exchange regulation is expected…

Read more
Stax Inc. teams up with Coleman Research
December 31, 2019 BY Mariela Naydenova

A $69 million tax bill for Bithumb - litigation ahead

Taxes in the cryptocurrency world are not an uncommon issue. In fact, the idea of taxing cryptocurrencies and crypto exchanges has been a long standing issue for many countries around the world. However, one of the largest cryptocurrency exchanges in the world and the largest one in South Korea, Bithumb, got hit with a massive…

Read more
Czhang Lin
September 03, 2019 BY Mariela Naydenova

Exclusive Interview: South Korea's move into the cryptocurrency space - PIEXGO's CEO speaks

LeapRate Exclusive… Czhang Lin is the CEO of PIEXGO, an innovative global digital currency trading platform that provides a one-stop seamless experience for institutional and individual traders. PIEXGO’s platform is the first to launch an IXO, essentially an upgraded IEO which seeks to promote an ecosystem of protocols, dedicating resources and opportunities for emerging blockchain…

Read more
Digix lists on Korean exchange to boost its local market presence
January 31, 2018 BY Mariela Naydenova

South Korea just "put salt on the wounds" of Bitcoin investors

On January 23rd, South Korea's Financial Services Commission confirmed in a statement that all Bitcoin investors and traders would need to do future business dealings though real-name bank accounts in order to "reduce room for cryptocurrency transactions to be exploited for illegal activities, such as crimes, money laundering and tax evasion." Right after the news hit…

Read more
January 22, 2018 BY Mariela Naydenova

Why is the cryptocurrency market well "in the red" again?

Just as investors though the cryptocurrency market is up and running with full speed ahead, Monday proved to be a difficult day for the crypto "maniacs" with most alt coins well in the red. Bitcoin is down with 9% for the day up until now, trading at $10,337, according to CoinMarketCap. The table below gives…

Read more
January 15, 2018 BY Mariela Naydenova

South Korea now in two minds about cryptocurrency trading ban

After coming with a decision to ban cryptocurrency trading, South Korea may be now reconsidering its decision. The country's government just came out with a statement saying that the ban will be enforced once enough consultation and opinions are coordinated and taken into consideration. According to the South Korea's news agency YonhapSoutht the South Korea's…

Read more