#cryptocurrency exchanges News

FSC Chairman: Foreign Crypto Exchanges Offering Korean Won to Comply With AML Rules

July 14, 2021 by Anthonia Isichei at Regulation

The chairman of South Korea's Financial Services Commission (FSC), Eun Sung-soo has said that cryptocurrency exchanges operating abroad that offer the Korean won trading pair must register with the anti-money laundering (AML) regulator. South Korean AML Regulations Extend to Foreign Exchanges According to the Korean Herald on Tuesday (July 13,...

Brazil: Authorities Investigating Banks that Close Crypto Exchange Accounts

May 21, 2020 by Anthonia Isichei at Regulation

The Administrative Council for Economic Defense (CADE), Brazil’s antitrust watchdog, elected to revisit the probing of some banks who closed the bank accounts belonging to local crypto exchanges. Antitrust Agency Probes Banks' Closure of Crypto Exchange Accounts According to a report by Finance Magnate on Thursday (May 21, 2020) the...

Bitwage Hand Paying Bitcoin to Outstretched Arms

Cryptocurrency Exchanges Resort to Marketing Measures to Revive Falling Volume

September 25, 2019 by Ashwath Balakrishnan at Altcoins

Large cryptocurrency exchanges, including Binance and BitMex, have recently increased their referral fee in a bid to bring back customers and stage a revival in exchange volumes. According to sources from Bloomberg, exchange volumes have fallen by nearly 40 percent over the year, and exchanges are desperate to stage a...

South Korea Slams Crypto Exchange Bithumb With $69.3 Million Tax Bill

South Korean Crypto Projects are Listing on Foreign Exchanges for Wider Reach

August 20, 2019 by Ashwath Balakrishnan at Business

Blockchain projects in South Korea are increasingly moving away from domestic token issuances in search of deeper markets for their cryptocurrencies. As per a report from Business Korea, August 19, 2019, the number of projects choosing to list overseas are increasing as global exchanges and launchpads open themselves up with Korean...

South Korea Office window cryptocurrency department FSC

Bitcoin Exchanges in South Korea to come Under Direct FSC Regulatory Purview

August 8, 2019 by Osato Avan-Nomayo at Regulation

Reports from media sources in South Korea say the country’s top financial regulator plans to directly oversee the regulation of local Bitcoin exchanges, August 7, 2019. This move likely includes the creation of registration and licensing requirements for South Korean crypto bourses. Platforms in the country have in recent times...

Binance Refutes KYC Hack Allegations

August 7, 2019 by Ashwath Balakrishnan at Tech

Binance has confirmed that an unidentified entity has contacted them claiming to have Binance KYC data and demanding 300 BTC in return for not leaking it online. The case is still being investigated internally, but since the exchange has decided not to cooperate with the entity, they began sending this...

Bitstamp Announces Support for Bitcoin Cash by December

The Immediate Future of Bitcoin Cash: Hard forks and Uncertainty

November 17, 2018 by Rahul Nambiampurath at Bitcoin, Blockchain, Finance, News, Platform, Tech

For perhaps the first time since its inception, the Bitcoin Cash community is split over a hard fork scheduled to take place on November 15, 2018. A hard fork is what happens when different groups of individuals have opposing viewpoints on how a particular piece of software should be designed....

South Korea Denies Cryptocurrency Exchanges From Venture Firm Certification

October 2, 2018 by Cindy Huynh at Blockchain, Business, Exchange, Finance, News, Regulation

Although the South Korean Government is keen to improve blockchain regulations, they do not express the same sentiment towards the cryptocurrency industry. According to an article published by Business Korea on October 1, 2018, the South Korean Government decided to deny cryptocurrency exchanges from venture firm certification, which will lead...

Sparkswap Promises to Combine Centralized and Decentralized Exchange Functionality

August 10, 2018 by Priyeshu Garg at Bitcoin, Blockchain, Cryptocyclopedia, Exchange, Guides, News

Litecoin creator Charlie Lee is a hard man to please, so when he endorses a crypto project, people generally sit up and take note. On August 2, 2018, he retweeted a tweet announcing the launch of Sparkswap, a revolutionary new method of trading crypto across blockchains with all the speed...