Bithumb’s stricter KYC requirements come in line with South Korea’s tightened Anti-Money Laundering regulations regarding foreign users of crypto exchanges.
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Leading South Korean telecom firm adopts blockchain for carbon ambitions
South Korean telecommunication giant KT Corp announced its intent to launch a blockchain digital document initiative to tackle carbon emissions.
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30-somethings led crypto purchases at South Korean exchanges in 2021
The increased trading volume comes following the country’s Financial Services Commission requiring crypto trading platforms to register as digital asset service providers before Sept. 24.
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Korea’s FSC Chairman Nominee Skeptical Over Cryptocurrency as Financial Asset
A former central bank official, nominated to head South Korea’s financial watchdog, has expressed skepticism about recognizing cryptocurrency as a financial asset. In comments to
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Korean FSC chair nominee doesn’t think crypto is a financial asset
Seung-beom Koh said that fintech experts across the globe “find it difficult to see virtual currencies as a financial asset.”
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Upbit reportedly first crypto exchange to file with Korean regulators
Upbit is one of South Korea’s largest cryptocurrency exchanges alongside Bithumb, Coinone and Korbit — who are collectively referred to as “The Big Four.”
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