Why South Korea’s new law against bitcoin and other crypto could damage its DeFi sector


How S. Korea’s new law against bitcoin and other crypto
South Korea’s Financial Supervisory Commission, the nation’s financial watchdog, has deemed bitcoin and other cryptocurrencies to be a “high-risk asset” — a ruling that could severely dampen the nascent decentralized finance industry in the country, but not necessarily kill it. Decentralized finance (DeFi) is an industry that attempts to replace the usual functions of the …


Is South Korea’s DeFi industry under threat with new
Is South Korea’s DeFi industry under threat with new crypto law? 59 minutes ago. South Korea’s Financial Supervisory Commission, the nation’s financial watchdog, has deemed bitcoin and other cryptocurrencies to be a ” high-risk asset ” – a ruling that could severely dampen the nascent decentralized finance industry in the country, but not …


Is South Korea’s DeFi industry under threat with new
Is South Korea’s DeFi industry under threat with new crypto law? 54 minutes ago South Korea’s Financial Supervisory Commission , the nation’s financial watchdog, has deemed bitcoin and other cryptocurrencies to be a ” high-risk asset ” – a ruling that could severely dampen the nascent decentralized finance industry in the country, but not …


Bitcoin and ethereum: South Korea bill could ban …
Jan 10, 2018South Korea’s justice minister said on Thursday that a bill is being prepared to ban all cryptocurrency trading in the country.. That news is a major development for the cryptocurrency space, as …


South Korea Announces Crypto Traders Could Face Fines …
The South Korean government has announced that cryptocurrency traders will be fined if they do not convert from existing virtual accounts, which allows for anonymous trading, to real-name accounts. Regardless of their service levels to crypto exchanges, banks have been ordered to implement the new system this month as planned. Also read: South Korea Urges 23 …


South Korea Bans All Initial Coin Offerings – Bitcoin News
South Korea’s Financial Services Commission has announced that all initial coin offerings (ICOs) will be banned in the country. Also read: Korea Starts On-Site Inspections of Bitcoin Exchanges …


Why South Korea Plans to Ban Cryptocurrency Trading, and …
Why South Korea Plans to Ban Cryptocurrency Trading, and What it Means for Bitcoin By Reuters On 1/11/18 at 5:32 AM EST A visual representation of the digital cryptocurrency Bitcoin.


South Korea’s Crypto Regulation Shakeup: New Bureau …
South Korea’s top financial regulator is planning a major organizational restructuring that includes introducing some new crypto policy initiatives. A bureau dedicated to financial innovations …


South Korea could ban Bitcoin, tightens crypto laws
Bitcoin could be banned in South Korea, sending ripples through the crypto world … South Korea could ban Bitcoin, tightens crypto laws. … This new law would stop South Korean companies from …


Crypto Is Now Legal In India and South Korea. What Does It …
India and South Korea have recently legalized cryptocurrencies. Figure out what happened and what awaits the crypto-industry in these jurisdictions. India and South Korea have recently legalized cryptocurrencies. Figure out what happened and what awaits the crypto-industry in these jurisdictions.
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