After a visit by government authorities related to fraud claims in UPbit, the company ran an ‘Internal Audit’ to deny any claims on fraud.
South Korea’s top financial regulator the Financial Services Commission (FSC) joined the ongoing probe into local cryptocurrency exchanges Sunday, May 13.
Bithumb which is one of the South Korean biggest cryptocurrency exchange has made publications of the first ever audit report. This report details the financial performance and also many crypto reserves amounting to $6 billion in a total of…
As the need for self-regulation for crypto exchanges in South Korea increases, a local media disclosed that 23 out of the 33 crypto exchanges asked to undergo a review complied, while 10 refused.
The major conglomerates based in South Korea have been joining the cryptocurrency markets by either purchasing major cryptocurrency exchanges or buying shares in the exchanges.
Recently, there was a serious opposition from governments and regulators against the cryptocurrency realm. However, this seems to have no tangible influence on the crypto real as cryptocurrency market remains stable at $350B and Bitcoin at…
Investing in digital currencies is becoming very lucrative.
South Korean cryptocurrency exchanges are now engaged in self-regulatory measures are have already formed an association
According to a data obtained from Korean exchange companies deposits were almost 64 times those of the previous year.