South Korea Regulator Seeks Cryptocurrency ‘Normalization’ in Dramatic U-Turn

South Korea Regulator Seeks Cryptocurrency ‘Normalization’ in Dramatic U-Turn

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. In a complete turnaround, South Korea’s financial regulator and watchdog has bullishly called for the development and ‘normalization’ of cryptocurrencies in the country. A month after widespread whispers of a possible ban on cryptocurrency trading in South Korea, local adopters, investors and […]

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South Korea Investigating Cryptocurrency Regulator's Sudden Death

South Korea Investigating Cryptocurrency Regulator’s Sudden Death

Dieter Holger · February 20, 2018 · 1:00 am A South Korean cryptocurrency regulator in charge of “devising measures against cryptocurrency speculation” was found dead in his home from an apparent heart attack on Monday, semiofficial government news agency Yonhap News reports. A government spokesperson told The Wall Street Journal they weren’t “sure about the cause of […]

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South Korea Govt Eyes its Own ‘BitLicense’ for Cryptocurrency Exchanges

South Korea Govt Will Support Cryptocurrency Transactions: Financial Regulator

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The head of South Korea’s financial regulator and watchdog has now confirmed the government will support cryptocurrency trading while encouraging banks to facilitate transactions with exchanges, effectively killing any fears of a rumored ban. In noteworthy remarks made today, South Korea’s Financial […]

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Cryptocurrency Regulator Found Dead at His Home in South Korea

Cryptocurrency Regulator Found Dead at His Home in South Korea

Regulation South Korea has been a leading market for bitcoin over the last year or so in terms of adoption, trading volumes, and regulatory response. Now one of the top figures in the government associated with regulating cryptocurrency has passed away, with stress suspected to be a contributing cause. Also Read: Polish Financial Authorities Paid […]

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US Open to Discussing Talks With North Korea

US Open to Discussing Talks With North Korea

SEOUL —  The U.S. is indicating a new willingness to talk with North Korea, but it is still difficult to see a peaceful resolution to the nuclear crisis on the Korean peninsula in the near future. U.S. Secretary of State Rex Tillerson said on Sunday, that he is intent on keeping the channels of communication […]

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Revenues of Cryptocurrency Exchanges in South Korea Up 88-Fold

Revenues of Cryptocurrency Exchanges in South Korea Up 88-Fold

Finance According to recent data collected by the South Korean government, the accumulated commission income of the country’s 30 cryptocurrency exchanges last year was 87.5 times that of the previous year. The vast increase in income and crypto transactions was largely contributed by the newcomer exchange backed by Kakao Corp. Also read: Indians Look to […]

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Bitcoin Demand in South Korea Rises as Trade Volume Hits Monthly High

Bitcoin Demand in South Korea Rises as Trade Volume Hits Monthly High

As demand returns to the markets South Korea is once again leading the way for trade volume. Bitcoin recorded a monthly high trading volume on exchanges in the country as fears of clampdowns subside and confidence returns to the crypto markets. Local media reported that domestic Bitcoin trading volume reached a maximum value in the […]

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As US Signals Openness to Talks With North Korea, Uncertainties Loom

As US Signals Openness to Talks With North Korea, Uncertainties Loom

Despite recent inter-Korean engagement at the Winter Olympics that has created a thaw for diplomacy between the United States and North Korea, the resumption of talks between the two sides remains elusive, former U.S. officials and analysts say. U.S. State Department spokeswoman Heather Nauert said this week the U.S. is interested in having “a preliminary […]

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Bitcoin Eyes $12,000 in South Korea as Demand For Cryptocurrency Market Rises

Bitcoin Eyes $12,000 in South Korea as Demand For Cryptocurrency Market Rises

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Bitcoin has built significant momentum over the past 24 hours, surpassing the $11,000 mark. The majority of alternative cryptocurrencies in the market have performed poorly against bitcoin, as the most dominant cryptocurrency in the market continued to lead a strong rally. Against […]

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Why North Korea sent hundreds of cheerleaders to the Olympics

Why North Korea sent hundreds of cheerleaders to the Olympics

North Korea sent 22 athletes to the 2018 Olympics and hundreds of cheerleaders to support them. Suki Kim, a writer who spent months undercover in North Korea, explains what’s really going on behind this “army of beauties.” Following is a transcript of the video. Suki Kim: “The Army of Beauties,” that’s a phrase the Western […]

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0x Introduced in South Korea, Will Upbit Leads its Momentum?

0x Introduced in South Korea, Will Upbit Leads its Momentum?

South Korea has quickly become a critical region for all cryptocurrencies. Any local exchange is of great interest to both Korean and international traders. When companies such as Upbit add a new coin to be traded, there will be a genuine interest in it. In the case of 0x, it will be interesting to see […]

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Haobtc's bitcoin mine site manager, Guo-hua, checks mining equipment inside their bitcoin mine near Kongyuxiang, Sichuan, China.

It costs $26000 to mine one bitcoin in South Korea — and just $530 …

And Venezuela President Nicolas Maduro is banking on a cryptocurrency called “petro,” backed by the country’s oil, gas, gold and diamond reserves, as a way to get around U.S. sanctions. Mining digital currency uses up a lot of electricity, as miners utilize huge rigs of computers for the process. However, in return for their work, […]

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North and South Korea are united in their hatred of Japan

North and South Korea are united in their hatred of Japan

GANGNEUNG, South Korea — As South Korea’s national soccer coach prepared to play Japan in a 1954 World Cup qualifier, President Syngman Rhee, who’d been liberated, with the rest of Korea, from Japan’s brutal colonial rule in 1945, had some advice should the Koreans lose: “Don’t think about coming back alive,” he supposedly told the […]

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South Korea Responds To Cryptocurrency Petition

Ethereum – South Korea Responds To Cryptocurrency Petition

Ethereum news – February 15, 2018 12:10 AM A public petition that requested the South Korean government refrain from hardline virtual currency regulation has drawn a response from Hong Nam-ki, minister of the office for government policy coordination. A February 13, 2018 report said that the petition issued to the government by South Korean citizens, […]

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Traders Cheer as South Korea Backpedals on Cryptocurrency Trading Ban

Traders Cheer as South Korea Backpedals on Cryptocurrency Trading Ban

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Apparently, you can fight City Hall. The South Korean government in response to a petition signed by hundreds of thousands of locals tipped its hand toward cryptocurrency policy, and the outlook is much better than expected. While traders were gearing up for an […]

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South Korea Won’t ban Cryptocurrencies but Crack Down on Illicit Activity

South Korea Won’t ban Cryptocurrencies but Crack Down on Illicit Activity

It seems another cryptocurrency shakeup will happen in South Korea. With exchanges imposing self-regulation, an interesting precedent is created. The government now wants to crack down on any illegal and unfair activity in this industry. This also means there will be no ban on cryptocurrencies whatsoever. It is another positive change to further legitimacy cryptocurrency […]

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South Korea Won’t ban Cryptocurrencies but Crack Down on Illicit Activty

South Korea Won’t ban Cryptocurrencies but Crack Down on Illicit Activty

It seems another cryptocurrency shakeup will happen in South Korea. With exchanges imposing self-regulation, an interesting precedent is created. The government now wants to crack down on any illegal and unfair activity in this industry. This also means there will be no ban on cryptocurrencies whatsoever. It is another positive change to further legitimacy cryptocurrency […]

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South Korea Govt Eyes its Own ‘BitLicense’ for Cryptocurrency Exchanges

South Korea Govt Eyes its Own ‘BitLicense’ for Cryptocurrency Exchanges

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. South Korea’s government is considering a cryptocurrency exchange approval system similar to the state regulations in New York State, signaling a new position over regulations on digital currency exchanges from shutting them down to safely manage them. A decision is not expected […]

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