Category: korea
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South Korean Regulators Discuss Proposals for ICO Legislation
Korean lawmakers are increasingly pushing for the regulation of initial coin offerings (ICOs) with multiple bills currently pending at the National Assembly. This includes a proposed amendment to the Electronic Financial Transactions Act. Meanwhile, the Korean Blockchain Association has also come up with its own set of guidelines for crypto exchanges and ICOs. Also read: 160…
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New POS Terminal by Pundix Allows Nigerians to Make Purchases in Bitcoin
Indonesian cryptocurrency and payments company Pundix has introduced a point of sale terminal at a shop in Nigeria, allowing people in the West African country to make purchases using cryptocurrency, including bitcoin. The move is seen as key to scaling up cryptocurrency adoption and development in Africa’s biggest bitcoin market. Also read: Payments Platform Wirex Launches…
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South Korea: “Third Generation” Blockchain Projects Look to Dominate the Global Crypto Market
Competition among the so-called “third generation” projects is fast brewing in the South Korean blockchain and cryptocurrency market, as companies scramble to find the industry’s “killer app” and spur widespread adoption. Korea’s Blockchain Push As reported by Business Korea on Sept. 27, the third generation platforms look to build what Ethereum couldn’t, and primarily tackle…
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Squire Mining Discloses Next-Generation ASIC Chips Will Be Made by Samsung
This week the firm Squire Mining, a company that plans to offer next-generation 10nm ASIC chips, has revealed it is working with Samsung Electronics as its foundry partner. With help from Samsung’s foundry, Squire, and a company called Gaonchips, plan to complete its ASIC chip FPGA prototype by September 30, 2018. Also read: Ebang Announces 44…
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Coinnest Executives Indicted for Accepting Bribe for Coin Listing
The Seoul Southern District Public Prosecutors’ Office has reportedly indicted two executives of South Korean crypto exchange Coinnest for accepting a bribe in exchange for listing a cryptocurrency. According to local media, they received 1 billion won (~US$890,000) worth of cryptocurrencies – mostly BTC. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals…
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Major Korean Crypto Exchange Upbit Opens in Singapore Next Month
Major South Korean cryptocurrency exchange Upbit will reportedly begin operations in Singapore next month. The new exchange will offer Singapore dollar trading as well as crypto-to-crypto pairs in three markets offered by Bittrex, Upbit’s US-based partner. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Upbit Expands to Singapore Dunamu Inc., the operator…
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Bithumb and Coinone Terminating Fiat Withdrawals for Unverified Crypto Traders
Two major South Korean cryptocurrency exchanges have announced that they will no longer allow unverified users to make withdrawals in Korean won. Starting next month, users of Bithumb and Coinone must have verified real-name accounts in order to deposit and withdraw the fiat currency. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals…
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Bittrex to Launch Crypto Exchange in Malta Next Month
US-based cryptocurrency exchange Bittrex is reportedly launching a crypto exchange in Malta at the beginning of next month. Bittrex says the new platform will allow them to list coins “a lot faster.” It will operate within the regulatory framework established by the European Union and the Maltese government. Also read: 160 Crypto Exchanges Seek to Enter…
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Korean Banks to Limit Services for Crypto Traders Without Real-Name Verification
South Korean banks are reportedly taking measures to limit services for customers who are not using the real-name system. It has been over seven months since the Korean government introduced the crypto real-name system, but only 40-50% of accounts at the country’s top four cryptocurrency exchanges have been converted into real-name ones, according to local…
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![[ANN] Explore Blockchain Hubs Around the World with ‘CryptoSlate Places’](https://amazingcrypto.com/wp-content/uploads/2018/09/place-example-places-1024x828.jpg)
[ANN] Explore Blockchain Hubs Around the World with ‘CryptoSlate Places’
The blockchain community is undoubtedly a global, decentralized assortment of people and companies working collectively on an ever increasing wide scope of projects and potential use cases. Accordingly, the extensive breadth of valuable blockchain information can be quite difficult to parse. In an effort to unify and integrate this domain, our newest feature, CryptoSlate Places, is designed…