south korea cryptocurrency Archives • Bitcoin Feed News

News.Bitcoin / South Korean PC Gaming Rooms Rely on Crypto Mining to Profit During the Coronavirus Pandemic

February 25, 2021 / newsbitcoin

The coronavirus pandemic has significantly hit several entertainment routines of the people worldwide, and South Korea is not an exception. PC gaming rooms had to shut down in the country,…

News.Bitcoin / South Korean Financial Regulator Confirms Privacy Coin Delistings- Adds New Guidelines to Report Unusual Transactions

February 22, 2021 / newsbitcoin

South Korean financial watchdogs are about to start overseeing crypto-related activities in the nation, and additional barriers for exchanges keep appearing. Moreover, one of the South Korean regulatory bodies codified…

News.Bitcoin / South Korean Court Orders Bithumb to Compensate Users for an Accidental BTC Withdrawal Case in 2018

February 13, 2021 / newsbitcoin

A South Korean court ordered one of the biggest domestic crypto exchanges to compensate victims of an “accidental withdrawal” incident in 2018. Bithumb has been ordered to pay customers who…

News.Bitcoin / Former South Korean Social Media Giant to Relaunch Its Business by Creating a New Ethereum-Based Token

February 5, 2021 / newsbitcoin

A social media giant that significantly impacted South Korea’s internet influence in the early 2000s is set to take a second breath. The company plans to regain its popularity by…

News.Bitcoin / Bithumb CEO Predicts Only Four to Seven South Korean Crypto Exchanges Will Survive New Rules

January 20, 2021 / newsbitcoin

The CEO of the South Korean cryptocurrency exchange Bithumb has made some predictions regarding the upcoming new rules governing the national industry. In fact, the executive believes there will only…

News.Bitcoin / CEO Sentenced to 18-Month Jail Term for Accepting Bitcoin Bribes to List a Cryptocurrency

January 15, 2021 / newsbitcoin

A South Korean court has sentenced the former CEO of the defunct crypto exchange Coinnest to 18 months in prison. The court also fined him over $61,000, who also was…

News.Bitcoin / Major South Korean Bank Shinhan Is Set to Offer Crypto Custody-Related Services

January 9, 2021 / newsbitcoin

A major commercial bank in South Korea is entering the crypto business by allocating an equity investment in the Korea Digital Asset Trust (KDAC). Shinhan Bank is looking to offer…

News.Bitcoin / South Korean Government to Start Taxing Crypto Trading Profits in 2022

January 8, 2021 / newsbitcoin

The South Korean government has issued an amendment to introduce tax on cryptocurrency trading profits. The plan is now a reality after several attempts to delay it by lawmakers. New…

News.Bitcoin / South Korean Politicians Won’t Be Required to Disclose Their Crypto Holdings After Proposals Failed to Pass the National Assembly

January 6, 2021 / newsbitcoin

South Korean politicians won’t be required to disclose their crypto holdings or crypto-related earnings as no fewer than three cryptocurrency-related bills failed to pass the National Assembly. Proposal Submitted in…

News.Bitcoin / Production of $2.7 Million-per-Episode: South Korean Crypto-Related TV Drama Series Is Set to Start in 2021

December 31, 2020 / newsbitcoin

A major South Korean TV series with crypto and blockchain-related topics is set to launch its production stage at the beginning of 2021, directed by Gemstone Film, in collaboration with…