BlogHide Resteemskoreacrypto (22)in korea • 7 years agoSouth Korea Finance Minister said that cryptocurrencies are Necessary For Blockchains to OperateHe also stated this, “The Finance Ministry has no plans or intentions to eliminate or prohibit cryptocurrencies. Blockchain technology is an important technological breakthrough to fuel the fourth…koreacrypto (22)in korea • 7 years agoSouth Korea’s IT giants invest in cryptocurrency exchangesEven under the tough crackdown of South Korea’s government , big IT companies here are starting to invest in cryptocurrency exchange platforms. Joining Kakao and Nexon, NHN Entertainment is…koreacrypto (22)in korea • 7 years agoThe police has raided on Bithumb, the biggest crypto exchange in South Korea for the investigation of hacking attacks from last yearThe police has raided on Bithumb, the biggest crypto exchange in South Korea for the investigation of hacking attacks from last year. The focus of the investigation is that Bithumb has done its…koreacrypto (22)in korea • 7 years agoLine messenger to Launch Cryptocurrency trade & payment platformLINE corps., the Japanese messenger company of NHN(Naver, the biggest IT platform company in South Korea) has announced the launch of a new company that will provide a platform to transact and…koreacrypto (22)in korea • 7 years agoSouth Korea is not gonna ban Crypto tradingKim Dong-yeon, Minister of finance has announced today that ‘we are not gonna ban or suppress crypto trading’. And he said that government is planning to regulate it properly. Looks like South…koreacrypto (22)in korea • 7 years agoSouth Korea spotted $600M illegal forex transactionsThe Korea Customs Service detected $600M illegal forex transactions using cryptocurrencies on Jan. 31. One of them is an around $443M transaction between South Korea and Australia from March to…koreacrypto (22)in korea • 7 years agoSouth Korean court ordered confiscation of BTC worth $2.3m earned from pornography contentsThis is the first time a Korean court has recognized cryptocurrencies as a means of profit or an asset, and therefore subject to confiscation. Now South Korean government is starting to accept…koreacrypto (22)in korea • 7 years agoSouth Korea is considering admitting cryptocurrency as a legitimate financial product for tax revenueSouth Korean government is considering taxation on cryptocurrency. It is not certain whether it will be in the form of transfer income tax, additional tax or others, so we’re making surveys on…koreacrypto (22)in korea • 7 years agoNow a big South Korean e-commerce company is goann accept cryptoSouth Korean e-commerce company WeMakePrice is working to accept cryptocurrencies like bitcoin as one of its payment options, which is the first attempt by a major online shopping platform .…koreacrypto (22)in korea • 7 years agoNow Korean crypto exchanges cannot advertise without implementing real-name trading systemSouth Korea began a real-name trading system for cryptocurrencies Tuesday, banning the use of anonymous bank accounts in transactions to prevent virtual coins from being used for money laundering…koreacrypto (22)in korea • 7 years agoKorean investors remains unsured ahead of real-name crypto coin tradingAs you might know, people have been traded through virtual accounts by banks in South Korea. But, the South Korean government are making some regulations to curb speculative investments and crimes…
