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Tag Archives: South Korea

South Korean Financial Watchdog Touts Blockchain in Fintech Plans

South Korea’s Financial Services Commission plans to encoureage businesses to use blockchain tech in new payment systems and more.

Bithumb partners with South Korea’s largest accommodation app, Good Choice

South Korean cryptocurrency exchange Bithumb, the largest in the country, announced today it has formed a strategic partnership with South Korea’s largest accommodation app, Good Choice (여기어때), to make it possible to book accommodations… Bithumb partners with South Korea’s largest accommodation app, Good Choice

South Korea Wants to See ‘Normalised’ Cryptocurrency Trading

South Korean authorities have signalled support for what they have described as ‘normal’ digital currency trading, boosting bitcoin’s price. Previous reports have indicated that the South Korean government had hinted at an outright ban on digital currency exchanges. At the end of January, the nation’s authorities banned the use of anonymous crypto trading accounts, ordering […]

Bank of America Has Filed More Cryptocurrency Patents Than Any Other Company

Think of cryptocurrency developers and names like Satoshi Nakamoto, Gavin Andresen, and Nick Szabo spring to mind. Individuals who place principles ahead of profit and are more aligned with open source principles than filing patents and closely guarding their secrets. The only secret Satoshi guarded was his identity. It may come as a surprise then […]

Korean Prime Minister: Closing Down Crypto Exchanges ‘Not a Serious Consideration’

The South Korean prime minister has emphasized that closing down cryptocurrency exchanges is not a serious consideration. His statement clears up any remaining confusion in the market regarding whether the Korean regulators are still considering this option. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Closing Down Exchanges Not Serious Consideration Lee […]

For Blockchain Networks to Run, Cryptocurrencies are Necessary – South Korea Finance Minister

The Finance Minister of South Korea – Kim Dong-yeon, stated out that for the open-source blockchain network idea to operate fully, digital currencies are required as incentive systems for the public to hold: “Blockchain technology can disrupt and revolutionize the world. But, for open-source blockchain networks, cryptocurrencies are necessary as incentives for individuals to participate […]

South Korea Discusses Cryptocurrency Policies With China’s Central Bank

The South Korean Minister of Strategy and Finance has met with the governor of the People’s Bank of China to discuss and share economic policies including cryptocurrency countermeasures. While China has imposed strict regulations on cryptocurrency trading, including closing down exchanges, South Korea has adopted a less strict approach. Also read: Japan’s DMM Bitcoin Exchange Opens […]

Trading Tip `The Wall´ – Why Do We Fall, Bruce?

This week, the price of bitcoin reached a low-point of -53% from its December high. A few weeks ago, I wrote about the Death of the “Get in before Wall Street!”-meme and why it made sense to Short the Great Bitcoin Bull. My viewpoint remains unchanged in that I’m still confident that the CME bitcoin futures listing […]

Korean Regulator Investigating Staff Insider Trading of Cryptocurrencies

A Korean financial regulator has reportedly indicated it is investigating possible insider trading of cryptocurrencies by its own staff.

No, Mainstream Media, That Country Did Not Ban Bitcoin. Again.

Headlines roared late last night in the western hemisphere, morning in the east, as mainstream media outlets breathlessly ran with an initial report from a legacy wire service: the Republic of South Korea is to ban cryptocurrency. The truth is more subtle, and it’s fast becoming an object lesson in fear, uncertainty, and doubt (FUD). […]