Bank of Korea: Central Bank Cryptocurrencies Pose ‘Moral Hazard’ South Korea’s central bank has announced that it does not plan to launch its own digital currency over fears it could destabilize the economy.… Read More
Korean Banks Can Use Blockchain to Verify Customer IDs from July A national banking group from South Korea is to roll out a blockchain-based ID verification system for domestic banks next month.… Read More
Crypto Exchange Bithumb Hit With Bill After Tax Investigation Ends South Korean cryptocurrency exchange Bithumb has been found not guilty of tax evasion, but now faces a massive tax bill, according to reports.… Read More
Korean Police Allege Coinone’s Crypto Margin Trading Is Illegal Gambling A South Korean police department says execs at crypto exchange Coinone will be charged over claims its margin trading service is illegal gambling. … Read More
Korea Seizes Bitcoin Worth $1.4 Million Following Supreme Court Ruling South Korea’s Supreme Court ruled Wednesday that cryptocurrencies can be forfeited in criminal cases, allowing the seizure.… Read More
Kakao: How Korea’s Largest Mobile Giant Is Embracing Blockchain Jason Han, CEO of Kakao’s blockchain subsidiary Ground X, tells CoinDesk his thoughts on how crypto could impact big business.… Read More
Korean National Assembly Makes Official Proposal to Lift ICO Ban South Korea’s legislative arm of government is pushing for the removal of the country’s ban on domestic initial coin offerings.… Read More
Seoul Mayor Pledges Blockchain Boost in Re-Election Push Seoul mayor Park Won-soon is pledging to focus on blockchain innovation as part of his campaign pitch for potential re-election this year.… Read More
Korea’s Biggest Crypto Exchange Raided Over Suspected Fraud: Report Prosecutors in South Korea have raided the largest cryptocurrency exchange in the country, UPbit, over suspected fraud, according to a report.… Read More
New Korean Financial Watchdog Chief Takes Softer Tone on Cryptos The incoming head of a South Korean financial regulator has noted the “positive aspects” of cryptocurrencies.… Read More