South Korea Establishes Special Task Force to Prevent Cryptocurrency-Related Crimes

The South Korean Supreme Prosecutors’ Office (SPO) has announced the establishment of a task force to fight cryptocurrency-related fraud and crimes. The development was reported by the Korean Broadcasting System (KBS), one of the largest national public broadcasters, in an…

Korea Exchange Official: US Decision on Bitcoin ETF Will Set Tone for Local Crypto Market

An official at South Korea’s sole securities exchange operator, the Korea Exchange (KRX), says the bourse is closely eyeing developments from United States regulators in regard to Bitcoin (BTC) exchange-traded funds (ETFs). The official, reportedly speaking on condition of anonymity,…

Crypto Is More Centralized Than North Korea, Says ‘Dr. Doom’ Economist Roubini

American Economist Nouriel Roubini has stated that cryptocurrency is more centralized than North Korea in a tweet October 7. New York University professor Roubini, better known as “Dr. Doom” for his alleged prediction of the 2008 Financial crisis, has repeatedly…

South Korea’s Crypto Market Overview: How Largest Banks and Conglomerates Back Exchanges

The crypto market and blockchain sector of South Korea, the third-largest digital asset exchange market in the world behind the United States and Japan, have some of the most robust systems and infrastructure in place to protect investors and facilitate…

S. Korea's Top Crypto Exchange Upbit Defies Bear Market, Posts $100 Million Profits in Q3 2018

South Korea’s largest crypto exchange, Upbit —  a crypto-only platform run by a subsidiary of Korean tech giant Kakao —  has posted a $100 million profit in the third quarter (Q3) of 2018, Yonhap News reported August 23. As Yonhap…