Anonymous Bithumb traders face reduced withdrawal limits
Cryptocurrency traders who still haven’t converted to real-name accounts on Bithumb will face reduced withdrawal limits starting June 4.
Cryptocurrency traders who still haven’t converted to real-name accounts on Bithumb will face reduced withdrawal limits starting June 4.
South Korean cryptocurrency exchange Bithumb has announced it is banning digital assets trading in a number of countries, including North Korea, Iran, Iraq and Sri Lanka, along with seven other locations.
South Korean cryptocurrency exchange Korbit has withdrawn support for five cryptocurrencies, following a similar decision in recent days from Japan’s Coincheck exchange.
An audit performed by an outside accounting firm revealed that Upbit, which has been hit with allegations of fraud, has done nothing wrong.
Three senior employees at cryptocurrency exchange HTS Coin are suspected of being involved in embezzlement and fraud, according to local media reports.
Upbit has been invaded by South Korean investigators following accusations of falsifying balance sheets to deceive investors.
Yoon Suk-heun, the new head of South Korea’s Financial Supervisory Service, echoed what many others have stated—better cryptocurrency regulation would be beneficial to the industry.
A group of South Korean lawmakers is reported to be working on a bill that would seek to overturn the 2017 ban, and reintroduce ICOs on a legal footing.
The Bank of Korea is launching a pilot program that will explore the feasibility of a cash-free society, and is considering cryptocurrency and blockchain technology to make it happen.
Cashierest caused a sensation in South Korea’s crypto space after it was revealed that its users were allowed to withdraw up to five times their coin holdings due to a system glitch.
South Korean gaming behemoth Nexon is reportedly negotiating to take over Bitstamp, one of the oldest cryptocurrency exchanges in the world.
An Incheon District Court judge has fined two men accused of using a pyramid scheme involving fake virtual currencies to reap $20 billion from South Korean investors.