Korean crypto ‘Jedi Master’ plans to launch second VC blockchain fund
Blockchain VC investment firm Hashed is seeking $173 million for a second fund.
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Bithumb to Ban Foreign Traders Failing Mobile Phone Identification
South Korean crypto exchange Bithumb said it will deny access to foreigners unable to verify their identities via mobile phone. The decision comes as the trading platform moves to comply…
Bithumb crypto exchange reportedly bans foreigners without mobile KYC
Bithumb’s stricter KYC requirements come in line with South Korea’s tightened Anti-Money Laundering regulations regarding foreign users of crypto exchanges.
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.
30-somethings led crypto purchases at South Korean exchanges in 2021
The increased trading volume comes following the Financial Services Commission's requirement that crypto trading platforms register as digital asset service providers before Sept. 24.
FSC Chairman Nominee Does Not See Cryptocurrencies as Real Currency
Financial Services Commission (FSC) Chairman nominee Koh Seung-beom opined that digital assets would not work successfully as financial instruments. He went further, stating they “could not function as a real…
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."
Crypto Exchange Bitfront Said to End Korean Services Ahead of Tough New Regulations
U.S.-based crypto trading platform Bitfront is going to discontinue services in South Korea before stricter rules for the industry are enforced in September, Korean media reported. The exchange, a subsidiary…
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