South Korea Takes Steps To Regulate Digital Currencies
South Korea’s top financial regulators have jointly announced their plans to deal with digital currencies such as bitcoin and ether. Specific measures were outlined such as requiring banks to perform due diligence on bitcoin exchanges and strengthening user verification procedures. Also read: South Korea Legalizes Bitcoin International Transfers, Challenging Traditional Banks Attempt to Regulate Digital […]
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North Korea has allegedly been involved in unleashing cyber attacks against South Korean bitcoin exchanges and other blockchain companies. These attacks are possibly the result of economic sanctions against North Korea. Also read: Large Korean Conglomerate Gets Into Bitcoin Remittances Post Legalization A United Press International article elaborated; “The CWIC Cyber Warfare Research Center in South […]
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
