Leading South Korean cryptocurrency exchanges faced stricter requirements from local banks due to the new rules from the Financial Action Task Force on Money Laundering (FATF). Reported by The Block. In particular, from four cryptobirds – Bithumb, Upbit, Coinone and Korbit – they demanded the introduction of enhanced measures to counter money laundering in order to extend the validity of bank accounts […]
Korbit
In accordance with the regulator’s requirement, South Korean cryptobirds will indemnify users in the event of hacking or other failures in their systems. This is reported by the local edition of Yonhap News. Thus, the Commission on Fair Trade has obliged five local cryptocurrency exchanges, among which Bithumb, hacked in the spring, to make changes to the rules for providing services. According to the new regulatory standards, the platform […]
Leading European crypto-exchange Bitstamp and South Korean Korbit can become the property of The Walt Disney Company, one of the largest conglomerates of the entertainment industry. It is reported by Bitcoinist, with reference to the Korea Herald. Currently, Disney is one of the main contenders for a 98.6% share of the largest South Korean game maker Nexon. The latter is one of the key assets of the company […]
This week, the General Prosecutor’s Office of South Korea announced the creation of a new task force, which is entrusted with the task of combating and preventing crimes in the field of cryptocurrency. This writes Cryptoglobe, citing the local broadcasting service of the Korean Broadcasting System (KBS). This step was the response of the authorities to the growing wave of crime in the cryptocurrency space. The activity of the group will be in […]
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