South Korea | ForkLog

ForkLog 10 11.02.2021

Bithumb to compensate customers for lost bitcoins at the 2018 rate

South Korean cryptocurrency exchange Bithumb must settle with clients who lost bitcoins due to a bug in the withdrawal process in 2018. The court made the decision, FnNews reports.

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ForkLog 9 03.02.2021

Major Korean conglomerate to acquire stake in Upbit cryptocurrency exchange

The Hanwha Group's brokerage arm, Hanwha Investment and Securities, has reached an agreement to purchase a 6.15% stake in Dumanu, the operator of the Upbit cryptocurrency exchange.

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ForkLog 13 19.01.2021

Former CEO of South Korean exchange jailed for 18 months over 110 BTC bribe

Former CEO of the now-defunct South Korean cryptocurrency exchange Coinnest was sentenced to 18 months in prison by the Supreme Court. He was found guilty of accepting 110 BTC as a bribe, according to Bitcoin.com citing local media.

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ForkLog 11 11.01.2021

South Korea’s oldest bank invests in a Bitcoin custody consortium

South Korea's Shinhan Bank invested in Korea Digital Asset Trust (KDAC) — an industry custody consortium, according to a Yonhap report.

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ForkLog 7 07.01.2021

Media: Nexon Group to acquire South Korea’s largest cryptocurrency exchange Bithumb

Nexon Group plans to acquire South Korea's largest cryptocurrency exchange, Bithumb. The signed memorandum of understanding envisages the purchase of 65% of the trading platform's shares, according to local media.

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ForkLog 12 24.12.2020

Binance to close branch in South Korea

The Binance unit in South Korea will cease operations at the end of January 2021 due to low trading volume, according to journalist Colin Wu.

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ForkLog 11 23.12.2020

Hashed raises $120m for blockchain startups and DeFi

The South Korean blockchain company Hashed has raised $120 million for a fund to support technology startups and DeFi projects, according to CoinDesk.

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ForkLog 21 08.12.2020

South Korea charges Coinbit executives with fraud

The Seoul Metropolitan Police Agency has charged the chairman and two executives of the cryptocurrency exchange Coinbit with fraud, according to Newspim.

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ForkLog 12 30.11.2020

Ebang obtains exclusive rights to AsicBoost technology in Korea

The Chinese mining hardware maker Ebang International Holdings announced that it has obtained an exclusive license for the AsicBoost Bitcoin mining acceleration patent in South Korea.

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ForkLog 8 25.11.2020

South Korea delays cryptocurrency taxation until 2022

The Planning and Finance Committee of the National Assembly of South Korea proposed delaying the introduction of income tax on cryptocurrency transactions until January 2022. Local media report this.

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ForkLog 8 04.11.2020

South Korea to ban anonymous cryptocurrencies

South Korea's Financial Services Commission (FSC) will ban providers of services related to digital assets from operating domestically with anonymous cryptocurrencies. The restrictions could affect coins such as Zcash, Monero and Dash.

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ForkLog 13 22.10.2020

EY, Samsung and Line consortium bids for Korea CBDC pilot

The Bank of Korea has received the first application to test its own digital currency (CBDC). The bid was submitted by a consortium led by EY's Korea arm, part of the Big Four auditing firms, The Block reports.

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#South Korea