South Korea accuses its northern neighbor of having hacked its crypto exchanges, which resulted in billions of won stolen.
South Korea’s regulatory ban on anonymous crypto trading finally goes into effect starting today and many participants back this decision.
Exchanges have been fined for compromising customer data and privacy, and have been asked to resolve the issue in due time.
OKCoin is speeding up the launch process and already holds a Korean website accepting pre-orders for different cryptocurrencies.
Very soon crypto trading activity in South Korea will be allowed only for those who have real-name accounts: those with anonymous ones will be fined.
Nearly three out of every ten employees in the country have put their money in virtual currency, saying it is the easiest and fastest way to make money.
The country that faces Bitcoin frenzy may ban Bitcoin transactions unless they meet strict conditions.
A set of bills to regulate the cryptocurrency market is being developed in South Korea.
Leading South Korean carrier SK Telecom has developed the first nationwide Internet of Things network to make the country even more connected.