BlockExplorer reviews the South Korean exchange Coinone, looking at the fees it charges, its ease of use, and its verification process.
The Bank of China has filed a patent for a solution to scale Blockchain technology systems via data compression.
Why and how regulatory actions affect prices.
South Korea’s cryptocurrency exchange association will verify member compliance with self-regulatory measures announced last year.
While the global markets for cryptocurrencies exploded in 2017, South Korea was one of the countries that saw a massive spike in trading volume as crypto-mania took over. There were often high premiums being paid by traders on South Korean exchanges as the high levels of demand were placing demands on the liquidity .…
Over twenty cryptocurrency exchanges in South Korea have agreed to undergo evaluations, including the country’s top four exchanges: Upbit, Bithumb, Coinone, and Korbit. This is part of their self-regulatory efforts, in conjunction with the Korean Blockchain Association..
The period of uncertainty in the South Korean cryptocurrency ecosystem has become much more clear, as authorities have pledged they will henceforth support the growth of the sector. Victory for Crypto Investors
Besides promoting acceptance of cryptocurrencies, a South Korean official would also like to see banks work closely with crypto exchanges.
A prominent lawmaker involved in the initial flurry to pass laws to regulate cryptocurrencies has passed away. The 52-year old Jung Ki-Joon was discovered deceased in his home in Seoul last February 18, 2018.
South Korea currently has no law against government officials insider trading with the knowledge of cryptocurrency regulations. The case against an employee of the country’s Financial Supervisory Service (FSS) accused of crypto insider trading has come to a standstill without grounds for punishment.