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…
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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…
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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…
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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…
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It's been a while since Tradays' last economic calendar geographical expansion - Spain and Italy were added back in January 2019. MetaQuotes Software Corp. announced today that 80 indicators have been recently added for Brazil, Hong Kong, Singapore and South Korea. The relevant index readings are collected in real time directly from public sources, including…
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If there is one thing that troubles regulators and law enforcement officials the world over about cryptocurrencies, it is the fact that the criminal element in our society is given free rein to gallop about the blockchain of its choice, knowing full well that the anonymity of the technology will disguise its every move. A…
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For the first time, a judge in South Korea has stepped forward and handed out sentences to two crypto executives for falsifying exchange volume reports and profiting from internal wash trades. The two executives hail from the Komid exchange in South Korea, although one individual is also the CEO of fledgling coin system by the…
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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…
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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…
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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…
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