Jul 16, 2018 at 11:33
Having Approved 12 Crypto Exchanges, a South Korean Industry Body Is Under Fire
The Korea Blockchain Association (KBA), that deals with the inspection of cryptocurrency exchanges, is suffering from overwhelming scrutiny. In May, the regulatory body conducted an in-house examination of 12 digital currency exchanges operating on the country’s crypto market. As a result, 12 out of 12 crypto trading platforms were approved.
Jul 10, 2018 at 17:24
New Cryptocurrency Asset Classification, S.Korea Regulators to Untighten the Policy
South Korea has been swamped reviewing its cryptocurrency regulations. The regulators hope to loosen the rules on cryptocurrency assets in line with G20 famous policies. Another government agency is managing an in-situ inspection of cryptocurrency firms following several hacks and this has attempted the Bank of Korea to issue out a report with its major focus on using cryptocurrency as an alternative means of payment.