Nickel Bitcoiner
Nickel Bitcoiner
Posts: 116
Joined: Fri Jul 14, 2017 9:31 am

Trending Crypto Buzz at South Korea

Tue Jun 12, 2018 1:30 pm

Korea Financial Intelligence Unit to Regulate Crypto Exchange like Banks

The local financial agency, Korea Financial Intelligence Unit (KFIU) will regulate crypto exchange like banks. Likewise, imposing a strict anti-money laundering (AML) policies that ensure cryptocurrencies are not utilizing for illegal activities.

Ripple Urges More Crypto Friendly Regulations in South Korea

South Korea, the country which is enormously involved into cryptocurrencies market has recently announced that it considered digital currencies as an asset. Interestingly, the country revealed that the Korea University is one of 17 universities that Ripple will be funding in the UBRI.

Bitcoin Price Plunges After South Korean Coinrail Crypto Exchange Hacked

On Sunday June 10, bitcoin price fell over 10 percent lowest in two months soon after the South Korean crypto exchange, Coinrail posted a tweet that it was hacked.

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