Archive | Coinone

South Korean Banks Drop Crypto Accounts as Government Plans a Ban

South Korean regulators have announced a plan to ban banks from activities involving cryptocurrencies, prompting major banks in the country to declare they will no longer issue accounts required for crypto trading. South Korea’s top bitcoin exchanges are all effected, including Bithumb, Coinone, and Korbit. Banks that have made announcements include Shinhan Bank, Korea Development […]

Korea’s Coinone Launches Physical Cryptocurrency Exchange

Korea’s third largest bitcoin exchange Coinone has opened a physical cryptocurrency exchange. Six cryptocurrencies are supported including bitcoin, bitcoin cash, and ether. The complex has a bitcoin ATM, a large display board with market information and features a face-to-face consultation service. Also read: South Korea Takes Steps To Regulate Digital Currencies Coinone Blocks Launched South Korean […]

Fork Watch: Korean Bitcoin Exchanges Divided on ‘Bitcoin Cash’

Bitcoin exchanges in South Korea have been preparing for the planned user-activated hard fork (UAHF) on August 1. Some have announced their support for Bitcoin Cash (BCC), the new cryptocurrency that is expected to result from the event, while others have not yet decided. Also read: South Korea Legalizes Bitcoin International Transfers, Challenging Traditional Banks The […]

South Korea Legalizes Bitcoin International Transfers, Challenging Traditional Banks

Starting next week, Bitcoin will be on the approved list of technologies that can move payments across the South Korean border. Fintech companies in the country will be able to obtain a permit allowing them to legally offer Bitcoin international transfer services. Also read: South Korea Sets Up Task Force to Determine if Bitcoin Needs Regulations […]

South Korea Sets Up Task Force to Determine if Bitcoin Needs Regulations

Following Rep. Park Yong-jin’s announcement of a proposed bill to provide a legal framework for digital currencies like bitcoin, South Korea has now set up a task force to determine if bitcoin should be regulated. Also read: Rollout of 260,000+ Bitcoin-Accepting Stores in Japan Begins Task Force Set Up Bitcoin.com recently reported on Rep. Park Yong-jin of […]

South Korean Officials Bash ICO:s and Plan to Approach Bitcoin ‘Cautiously’

On June 18, government officials from South Korea revealed some opinions concerning cryptocurrency ‘speculation’ taking place in the region. Also read: Korea Steadily Becoming a Cryptocurrency and Fintech Hub  Speculation and Unreasonable Profits South Korean financial regulators and government agencies have been watching and researching the use of digital currencies within the country. According to the […]

South Korean Bitcoin Exchanges Trade $1000 Over Global Average

Bitcoin is shining brightly in South Korea as the price per BTC in the region has reached upwards of $3500-3800 across the country’s top three exchanges. Many traders are finding significant arbitrage opportunities due to South Korean spreads being over $1000 higher than the global average. Also read: Korea Steadily Becoming a Cryptocurrency and Fintech Hub  […]

Coinone and Daishin Securities To Boost Bitcoin Adoption in South Korea

South Korea will be an attractive market for Bitcoin, assuming the digital currency can gain any traction in that region over the coming years. If it is up to Daishin and Coinone, that might become a reality a lot sooner than people would think. Also read: Russian Lawmaker Believes Terrorism is Frequently Financed via Digital Currencies […]