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Korean Regulation Fails to Shake Bitcoin Market But Could Wipe Out Some Exchanges

Regulation After South Korea’s regulators announced their emergency measures for cryptocurrencies, the bitcoin market breathes a sigh of relief. While a blanket ban was not adopted, other smaller bans remain and a clampdown on virtual bank accounts is presenting a serious challenge to exchanges.Also read: South Korea Clarifies Position After R

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South Korea Moves to Regulate Domestic Bitcoin Trading, Exchanges

Since late November 2017, South Korea has looked to regulate cryptocurrency trading in domestic exchanges, including Bithumb, Coinone and Korbit, The Korea Herald reports. Now, trying to tame the wave of wild cryptocurrency speculation in the country, South Korea is imposing trade bans for minors and looking for ways to impose taxes on investment returns.South Korea is the world’s third lar

South Korean Banks Drop Crypto Accounts as Government Plans a Ban

News South Korean regulators have announced a plan to ban banks from activities involving cryptocurrencies, prompting major banks in the country to declare they will no longer issue accounts required for crypto trading. South Korea’s top bitcoin exchanges are all effected, including Bithumb, Coinone, and Korbit. Banks that have made announcements i

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South Korea is Going Crazy Over Bitcoin: Real Mainstream Obsession

Teenagers to middle-aged investors in South Korea are engaging in cryptocurrency trading, investing in bitcoin, Ethereum, Bitcoin Cash, and a wide array of cryptocurrencies and assets.Government Steps In To Regulate BitcoinIn the beginning of 2017, the South Korean government, local financial authorities, and the ministry of strategy and finance remained neutral to bitcoin and declined to regulate

South Korea Imposes Six Conditions for Crypto Exchanges to Operate

Economy & Regulation The government of South Korea is preparing a bill which attempts to prohibit all transactions involving cryptocurrencies including bitcoin unless they take place through exchanges that meet six conditions.Also read: South Korea Clarifies Position After Reports of Possible Ban on All Crypto TransactionsThe Proposed BillTh

Markets Update: Bitcoin’s Value Climbs After Cboe Opens XBT Trading

Markets and Prices Bitcoin’s value has been climbing since the recent opening of Cboe’s futures markets. The spot price of BTC had dipped a good 3 percent an hour prior to Cboe’s Sunday evening trading sessions, but volume immediately spiked at precisely 6 pm ET when the futures trading opened. At the moment bitcoin is hovering around the $15,7

Litecoin takes off as Bitcoin corrects

Bitcoin has had a wild ride this week, starting out at $11,000 and surging to over $18,200 seven days later. The market has now started to correct and BTC has fallen back to around $13,500 at the time of writing. The massive rush in demand has highlighted a number of inherent flaws in the system. Major exchanges such as Coinbase were overwhelmed with traffic and transactions which brought the site

A Bitcoin User’s Guide to Claiming Forked Coins

Altcoins Like it or not, forking bitcoin has become an efficient approach for blockchain teams to receive quick money. How many forks will we have? How do we receive these free airdrops?Also Read: This Bulgarian Business School Offers Bitcoin ScholarshipsTake a Glimpse at Forked Coins Already ExistingBitcoin Cash (BCH), the first bitcoin fo

Bitcoin Rockets Past $14,000 Astonishing Everyone

Market Updates The price of bitcoin has once again reached a new price high on December 6 touching $14K across exchanges worldwide. The value touched an all-time high of $14,047 and quickly dropped to the $13,500 range shortly after. At the moment order books across exchanges are going wild.Also read:Getting Bitcoin on Mom’s iPhone: 3 Easy StepsThe

South Korean Financial Regulators Ban Bitcoin Futures Trading

Regulation It appears that South Korea is bowing out of the race for bitcoin futures trading, leaving the field wide open to the Americans and Japanese. This is not because established financial companies are reluctant to offer the new instruments in the bitcoin obsessed country, but due to another official ban.Also read: TD Ameritrade, Ally Invest t

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