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Tag Archives: South

South Korean Regulators Inch Closer to Legalizing Bitcoin – The Merkle

The cryptocurrency situation in South Korea is constantly evolving. For the longest time, people have awaited official regulatory guidelines. They are slowly coming to fruition, which would label virtual currencies as “liquid assets”. It’s an interesting development that will bring some positive momentum to cryptocurrencies. Bitcoin could Become a Liquid Asset in South Korea No one will deny South Korea has become one of ...

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South Korean Cryptocurrency Exchanges Evaluate Self-Re… | News

An association of South Korean cryptocurrency exchanges said that it is planning to check if its members are following a set of self-regulatory cryptocurrency measures adopted last year, local journal Yonhap News reported Feb. 21. The Korean Blockchain Industry Association, which is currently comprised of 33 of South Korea’s cryptocurrency exchanges, stated that it is going to carry out evaluations ...

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South Korea’s Cryptocurrency Exchanges Will Scrutinize Themselves: Report

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. South Korea’s biggest cryptocurrency industry body will reportedly carry out self-evaluations of its members to ensure they are playing by a set of self-regulatory rules. The Korean Blockchain Industry Association, an industry body that includes 33 cryptocurrency exchanges, has revealed it will carry out evaluations of 21 ...

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South Korea Plans Accounting Standards for Cryptocurrencies

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The Korea Accounting Institute is reportedly planning to categorize cryptocurrencies like bitcoin as ‘liquid assets’ in a bid to classify them in financial statements. As reported by Business Korea, the Korea Accounting Institute (KAI) is in the process of creating an accounting standard for cryptocurrencies. The move ...

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South Korea Seeks Cryptocurrency ‘Normalization’ in Dramatic U-Turn

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. In a complete turnaround, South Korea’s financial regulator and watchdog has bullishly called for the development and ‘normalization’ of cryptocurrencies in the country. A month after widespread whispers of a possible ban on cryptocurrency trading in South Korea, local adopters, investors and the wider industry can now ...

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South Korea’s Cryptocurrency Regulator Found Dead at Home

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Fifty-two-year-old Jung Ki-joon led the regulatory effort to implement tighter controls on cryptocurrency trading. He was found deceased at home on Sunday, according to a South Korean government spokesperson cited in The Wall Street Journal. Jung Ki-joon, who led economic policy for the Office for Government Policy Coordination, had ...

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South Korea Will Support Cryptocurrency Transactions: Govt. Official

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The head of South Korea’s financial regulator and watchdog has now confirmed the government will support cryptocurrency trading while encouraging banks to facilitate transactions with exchanges, effectively killing any fears of a rumored ban. In noteworthy remarks made today, South Korea’s Financial Supervisory Service (FSS) chief Choe ...

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South Korea’s Cryptocurrency Exchanges Made ‘$648 mln’… | News

The Upbit exchange generated more than half of South Korea’s $648 mln cryptocurrency exchange revenues in 2017, new government figures claim. According to data released by lawmaker Park Kwang-on and reported by local news media outlet Yonhap News Sunday, total revenues for Korea’s burgeoning exchange sector ballooned 8025% compared to 2016, when it amounted to just $7.5 mln. Exchanges enjoyed ...

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Bitcoin Demand in South Korea Rises as Trade Volume Hits Monthly High

As demand returns to the markets South Korea is once again leading the way for trade volume. Bitcoin recorded a monthly high trading volume on exchanges in the country as fears of clampdowns subside and confidence returns to the crypto markets. Local media reported that domestic Bitcoin trading volume reached a maximum value in the month following the holiday season. ...

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Bitcoin Eyes $12,000 in South Korea as Demand For Cryptocurrency Rises

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Bitcoin has built significant momentum over the past 24 hours, surpassing the $11,000 mark. The majority of alternative cryptocurrencies in the market have performed poorly against bitcoin, as the most dominant cryptocurrency in the market continued to lead a strong rally. Against the US dollar, bitcoin has ...

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