Anger is in the air in South Korea after a shambolic episode started by Justice Minister Park Sang-ki who told a press conference in no unclear terms: Continue Reading

The South Korean regulators have started investigating two major cryptocurrency exchanges. The country’s National Tax Service has conducted an on-site investigation of Bithumb and Coinone. Continue Reading

SEOUL (Reuters) - South Korea’s government said on Thursday it will impose additional measures to regulate speculation in cryptocurrency trading within the country.

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The South Korean financial regulator Financial Supervisory Service (FSS) has claimed that it has no plans at present to regulate the trading of digital currencies such as Bitcoin, beyond “rules announced last week”. The watchdog based its decision on the fact that it does not consider digital currencies to be a substitute for money, as they are not legal tender in the country.

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Government WILL NOT ban bitcoin and crypto. It will regulate it and ensure that development within the local industry is not negatively impacted. Continue Reading

SEOUL (Reuters) - South Korea’s government has called an emergency meeting to discuss the trading of cryptocurrencies, and measures on the market will be announced on Friday, a central bank official said on Wednesday.

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Exchanges will have 6 reasonable requirements on KYC/AML, key storage, separation of fiat into 3rd party accounts, consumer warnings abt trading, transparency of orderbook. GOOD NEWS! Continue Reading

SEOUL -- The South Korean Ministry of Justice is considering imposing a total ban on trading in bitcoin, other cryptocurrencies and digital tokens in order to protect individuals from potential scams, a ministry official told the Nikkei Asian Review on Dec. 11. Continue Reading

Hundreds of thousands of South Korean investors have started to invest in Bitcoin and the cryptocurrency market, fueling a sudden increase in demand. Continue Reading

South Korea’s Financial Services Commission (FSC) is planning to introduce regulations for Bitcoin and other digital currencies, as well as to lift the blanket ban on initial coin offerings (ICO) in the country. The plans were revealed by a senior agency official on Dec. 6, 2017. Continue Reading

According to a report by Chosun, a leading mainstream news publication in South Korea, the South Korean government is planning to allow initial coin offerings (ICOs) in the near future, with strict regulations and policies in place. Continue Reading

Unverified rumors on the South Korean government’s potential crackdown on cryptocurrency trading circulated around online Bitcoin communities over the past few days. Continue Reading

Samsung SDS has announced a lucrative agreement with the Korean government to create a new Blockchain technology-based platform for welfare, public safety and transportation by 2022. The hope is to increase transparency for the government services. Continue Reading