Crypto Exchange Bitfront Said to End Korean Services Ahead of Tough New Regulations
U.S.-based crypto trading platform Bitfront is going to discontinue services in South Korea before stricter rules for the industry are enforced in September, Korean media...
South Korean Regulators Warn Dozens of Foreign Exchanges to Comply With New Rules
Overseas crypto exchanges marketing to Koreans will be blocked if they fail to comply with new South Korean regulations. The country’s anti-money laundering body has...
Korean Banks Elevate Cybersecurity to Deal With Crypto-Related Risks
South Korean banks are taking steps to bring cybersecurity to a new level as they try to keep up with fintechs and address new threats...
Korean Crypto Exchanges Consider Suing Government Over Banking Requirements
All cryptocurrency exchanges in South Korea except the largest four may be unable to meet the bank account requirements needed to stay in business. A...
Korean Banks to Be Relieved of Liability for Crypto-Related Crime, Report Suggests
Banking institutions in South Korea have reportedly requested to not be held accountable for crimes linked to cryptocurrencies such as money laundering. According to local...