Archive | South Korea

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 […]

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 […]

US Olympic Luge Team Welcome Bitcoin Donations

As Olympians in Pyeongchang, Korea perform to huge audiences in the popular events of skying, snowboarding and hockey. Less popular US lugers have turned to Bitcoin to fuel their sleds. Bitcoin funds US luge team The USA Luge Foundation began campaigning for donations of Bitcoin using Medium since December of 2017. The team is the first Olympic group […]

South Korea Mulls New Crypto Licenses for Exchanges

South Korea is examining a licensing system to regulate the country’s cryptocurrency exchanges in a major turn around from its previous harsh stance. A turn around from hardline approach After announcing less than a month ago that some or all cryptocurrency exchanges may be shut down in the aftermath of the Bitcoin market correction South Korea […]

This Week in Bitcoin: Who Do You Believe?

The bitcoin space is a constant battle of truth versus untruth, rumor versus fact and optimism versus pessimism. With market manipulators up to their usual tricks and salty altcoiners crying FUD, it can be hard to tell what’s real and what’s fake. This week truly had it all: keks, lies, and videotape beamed live from […]

New Crypto Exchanges Launch in South Korea Despite Lack of Fiat Deposits

A number of new cryptocurrency exchanges are launching in South Korea despite being unable to provide full service due to regulatory challenges. Since the Korean government enforced the real-name system on cryptocurrency accounts, banks have only been providing fiat deposit services to the country’s four largest crypto exchanges. Also read: Japan’s DMM Bitcoin Exchange Opens for […]

South Korea’s Answer to Bitcoin Trading

Over the past few months, the government of South Korea has been floating the idea of banning the trade of Bitcoin and other cryptocurrencies. The very thought South Korea would institute such a ban was enough to help prompt recent declines in Bitcoin’s price. That’s reasonable considering South Koreans currently account for almost 20% of […]