Korean Crypto Exchanges to Share Data with Banks in New Account System This Month

Regulation The South Korean government has announced that six major banks will be ready to provide services to cryptocurrency exchanges[…]

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Commission Income From Crypto Accounts Jumped 36 Times for South Korean Banks

Finance South Korean banks have been providing virtual account services to cryptocurrency exchanges and earning commissions from them. According to[…]

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South Korean Banks Reverse Decisions on Cryptocurrency Accounts

Regulation South Korean banks have backtracked from their decisions to stop servicing cryptocurrency accounts as crypto investors protested and the[…]

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South Korea Announces Crypto Traders Could Face Fines Under New System

Regulation The South Korean government has announced that cryptocurrency traders will be fined if they do not convert from existing[…]

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Strict Regulations Force South Korean Banks to Stop Servicing Cryptocurrency Exchanges

Regulation Following the inspections of six major banks this week, South Korean regulators have uncovered some inadequate internal controls for[…]

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Korean Government Starts Inspecting Major Banks for Crypto Regulation Compliance

Regulation The South Korean authorities will start inspecting major banks for their compliance with cryptocurrency regulations on Monday. This move[…]

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South Korea Expected to End Anonymous Crypto Trading by January 20

Regulation The South Korean government has been working on a system to enforce real-name identity verification on cryptocurrency traders. This[…]

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South Korean Exchanges Revise Policies to Comply with Crypto Regulation

Regulation South Korea’s cryptocurrency exchanges have implemented changes to comply with the government’s mandates announced last week. In addition to[…]

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South Korea Outlines New Attempts to Dampen Crypto Markets

Economy & Regulation The government of South Korea held a meeting on Thursday to discuss measures to deal with the[…]

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