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South Korea

South Korea digital currency exchanges to face penalties for anti-money laundering breaches
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14 March, 2021

South Korea digital currency exchanges to face penalties for anti-money laundering breaches

The Financial Services Commission has brought forward a new structure of penalties for exchanges that fail to properly implement anti-money...
Bithumb ramps up anti-money laundering protections
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12 March, 2021

Bithumb ramps up anti-money laundering protections

The new measures include enhanced Know-Your-Customer verification processes, as well as the introduction of new specialized blockchain intelligence technologies.
South Korea’s K Bank aims for digital currency-fueled IPO in 2022
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7 March, 2021

South Korea’s K Bank aims for digital currency-fueled IPO in 2022

The South Korean startup bank is said to be experiencing rapid growth from its services, which senior executives think could...
South Korea back on track to roll out 20% digital currency tax by 2022: report
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26 February, 2021

South Korea back on track to roll out 20% digital currency tax by 2022: report

South Korea is reportedly bringing forward—yet again—plans for a tax on digital currency profits, which will see gains liable to...
Bitcoin SV joins Bithumb’s ‘7th Anniversary Airdrop Party’
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22 February, 2021

Bitcoin SV joins Bithumb’s ‘7th Anniversary Airdrop Party’

Bithumb, considered to be one of the top digital currency exchanges in South Korea, is giving away free Bitcoin SV...
South Korean giant Hanwha takes minority stake in Upbit
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9 February, 2021

South Korean giant Hanwha takes minority stake in Upbit

In a deal reported to be worth $52 million, Hanwha has invested through its brokerage arm, which will acquire 2.06...
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