Bitcoin exchanger Coinplug presented three new bitcoin wallet apps for iphones.
The FSC revised its rules to apply strengthened policies in order to prevent or detect money laundering and illegal activities because they aren’t opposed to cryptocurrencies.
From now on the cryptocurrency exchanges of South Korea form a new industry named “Cryptocurrency Exchange and Brokerage” able to operate at a large capacity with full government support.
This step from Bithumb is in line with maintaining more transparency in its operations while complying with all the regulatory measures.
Korea’s biggest cryptocurrency exchange is being investigated by the local authorities which has led to crypto prices decline.
FTC asked to revise the adhesion contracts as they were causing problems for the user in withdrawals thereby largely compromising the consumer’s interests.
South Korea’s taxation ministry is planning to introduce taxes on cryptocurrency and include them in the tax plan. The issue is to be solved in June this year.
Bitcoin is currently trading at crucial levels from where it can finally make-it or break-it. Experts opinion still remains divided.
South Korea considers new approach to cryptocurrency regulation contributing to the new rise of Bitcoin.
South Korea accuses its northern neighbor of having hacked its crypto exchanges, which resulted in billions of won stolen.
Some experts call it “healthy fall”and blame numerous governmental restrictions for the Bitcoin slide while many investors try to get rid of the cryptocurrency by all means.