Tag: South Korea

South Korean Financial Regulator Confirmed Its Negative Position to ICOs and Crypto

Choi Jong-koo, the chairman of the Korea`s Financial Services Commission, has once more confirmed his negative position to cryptocurrency and ICOs. ICOs were prohibited in South Korea in September previous year. The officials stated, that such kind of fundraising is almost a gamble, which isn’t appropriate for any financial activities. Now, Korean officials have returned

South Korean Government Will Support Blockchain Startups

MSICT, the Korean Ministry of Science and Informaiton Communications Technology, has requested for more support in order to facilitate the growth and to provide more support to the country blockchain industry. Min Won-ki, the Second Minister of Science and ICT, organized a meeting with the representatives of the blockchain startups, which have been already called

South Korea Is Opting for Greater Cooperation in Global Cryptocurrency Regulation

A representative of South Korean Financial Supervisory service has talked in the favor of the greater collaboration on the international level for the regulation of cryptocurrency and Initial Coin Offering. Yoon Suk-heun, a FSS governor, has already made his statement about the potential that is available for a deeper and more profound collaboration. That statement

Bithumb Reopens Withdrawal Operations

South Korean major currency exchange bethumb is reopening withdrawal operations. First, deposit and withdrawals services will be opened for nine altcoins only. The servicing of further altcoins will be delayed till the company is able to provide a more stable and safe trading and exchange environment. At the end of previous months, as a result

South Korea Legitimizes Blockchain

The love and hate relationship of South Korean government with ICO and blockchain have become already a history. South Korea was banning them, then, was removing the ban, and, finally, again, some news from South Korea about the things. Now, the South Korean government is preparing a new legislation standards for the domestic blockchain technology,