30+ age group led crypto purchases at South Korean exchanges in 2021
The demographic with the biggest deposits on major exchanges in South Korea is crypto users aged 30 to 39. The transfers were around 2.2 trillion Korean won by the end of the second quarter of 2021. South Korean individuals in their thirties transferred around 2.2 trillion Korean won ($1.9 billion at the time of publication) […]
Binance stops trading pairs involving KRW in South Korea
Binance Korean subsidiary has halted pairs in KRW as part of efforts aimed at proactive compliance with regulatory demands. Binance has halted trading pairs in the Korean won (KRW) as part of a slew of modifications to its South Korean operations. The crypto exchange giant announced the suspension of KRW trading pairs and KRW payment […]
South Korean police reopen Bithumb’s fraud investigation case
No government is taking fraud cases involving cryptocurrency with levity, in this light, the South Korean police have reopened crypto exchange Bithumb’s fraud case. It appears that Bithumb’s problems aren’t going to go away anytime soon! The Bithumb fraud case involving the former chairman of the exchange was reopened by South Korean police on Monday, […]
South Korea shuts down 11 crypto exchanges
South Korea‘s Financial watchdog has reportedly shut down eleven cryptocurrency exchanges for their involvement in illegal activities. According to The Korea Herald on Sunday, the Financial Services Commission (FSC) , South Korea’s top financial regulator, has ordered the closure of 11 local cryptocurrency exchanges due to their involvement in illegal activities. Darlbit and Bitsonic are […]
South Korea sets to penalize unregistered crypto exchanges
Domestic and foreign crypto exchanges in South Korea are expected to register with the authorities, and failure to do so by September 24 will attract severe penalties or even jail time. South Korea’s government said today that cryptocurrency exchanges that do not register voluntarily with the country’s authorities by September 24 would face penalties. According […]