Tag: South Korea
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South Korea imposes tighter Crypto AML and KYC ahead of institutional ban removal
Local crypto exchanges and banks in South Korea are being required to enhance their know-your-customer (KYC) protocols for newly onboarded institutional clients, as the...
South Korean Payment Gateway “CoinGate” cleared all charges from lawmaker
The court has cleared former South Korean lawmaker Kim Nam-guk of all charges in the ‘CoinGate’ scandal, declaring him ‘not guilty’.
A Seoul Southern District...
Crypto regulation agreement: A joint effort by South Korea and China
In a new initiative, South Korea is working towards an organizational change that would create a dedicated department for establishing and regulating crypto policies...
Japan To Regulate Korea’s Largest Crypto Exchange
On June 20, Bithumb suspended all deposits and withdrawals to update its platform and strengthen its security system to prevent further threats. Initially, the...
Korean Banks to Use Samsung SDS Blockchain in imitation of Verify Customer IDs beside July
A South Korean commercial banks group will initiate a blockchain-powered customer ID verification platform in July 2018, as per the reports on June 12.
Reportedly,...