Study: Asia Has More Impact on Bitcoin Price Than America and Europe

With events like SEC approval for Bitcoin ETFs and the introduction of cryptocurrency derivatives, it is easy to imagine the market being driven by news out of the United States. However, new research suggests that Asia, and not the West, is the dominant driver of Bitcoin price and cryptocurrency markets. Western Focus Might be Misleading […]

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South Korea Approves Its First Cryptocurrency Exchange Upbit

South Korea’s Internet and Security Agency (KISA) awarded Upbit an information security management system (ISMS) license, for its strong infrastructure.  Upbit Becomes First ISMS Licensed Exchange Upbit, South Korea’s largest cryptocurrency exchange by volume, has become the first to obtain an ISMS license. In December 2017, KISA decided that all internet and data related companies generating more […]

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South Korean Postal Service Seeks Goldman Sachs’ Crypto Know-How

South Korea’s national postal service is meeting with Goldman Sachs’ cryptocurrency research team at the end of September. The country’s postal service revealed its intentions to dive deeper into digital assets and blockchain. “Cryptocurrencies Are Considered to Have Potential” Korea Post (KP), the national postal service of South Korea, will be meeting with the cryptocurrency […]

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South Korean Cryptocurrency Exchanges Struggle To Find Insurers

Due to recent security breaches and thefts among some large-scale cryptocurrency exchange platforms, the need for exchange insurance is booming. Many insurance companies, however, are hesitant to take the risk — citing their distrust in current security measures.  Cyber-Thieves On The Offensive It has been a tough year — and an especially tough month — for […]

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South Korea to Invest $230M in Blockchain Technology Development

The Ministry of Science and ICT of South Korea revealed a Blockchain Technology Development Strategy on June 21st earmarking a total of 230 billion Won (over of $200M USD) for the development of blockchain-based technology.    Multiple Initiatives The Government announced that it plans to finish the fundraising by 2022. In an attempt to further the development […]

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South Korea: Reports of 10% Tax on Cryptocurrency Gains Are Fake

10% Tax on Crypto Grains is Fake News Taxation has been a hot topic in the cryptocurrency world this year. Governments want their piece of the pie and traders are anxious to know how badly their tax collectors plan to gouge them. Luckily, many governments have already announced their stances on the matter. Some have […]

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FUD No More: South Korea Set to Adopt G20’s Unified Cryptocurrency Regulations

Adam James · May 19, 2018 · 12:00 am As the G20 works to create a set of “unified regulations” in regards to cryptocurrencies, the government of South Korea — the third largest cryptocurrency market in the world — reportedly plans on playing ball with whichever policies the international forum of governments and central bank governors put […]

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South Korea Investigating Cryptocurrency Regulator’s Death

Dieter Holger · February 20, 2018 · 1:00 am A South Korean cryptocurrency regulator in charge of “devising measures against cryptocurrency speculation” was found dead in his home from an apparent heart attack on Monday, semiofficial government news agency Yonhap News reports. A government spokesperson told The Wall Street Journal they weren’t “sure about the cause of […]

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