Several South Korean cryptocurrency exchanges have updated their terms of service in line with regulatory demands, The Korea Herald reports. The country’s financial watchdog, the Financial Trade Commission (FTC), has announced that five exchanges updated their terms of service following its corrective recommendation made last year. Notable on the list of exchanges making updates to comply with the recommendation is Bithumb, one of the world’s … [Read more...] about South Korean Crypto Exchanges Agree to Take the Fall for Hacks
South Korea
G20 Countries Start Implementing Unified Crypto Standards
As the G20 summit approaches, member countries have been discussing how to implement the standards set by intergovernmental organizations such as the Financial Action Task Force. While there may be some challenges in complying with the standards, the European Central Bank says the risks crypto assets pose to the euro area’s financial stability are manageable. Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request G20 … [Read more...] about G20 Countries Start Implementing Unified Crypto Standards
Survey Shows South Koreans Increased Crypto Holdings by 64% Last Year
Over the last few years, South Korea has become a hotspot for cryptocurrencies and the region captures a large amount of the world’s digital asset trade volume. A survey published on April 20 by the Korea Financial Investment Association shows that the average South Korean cryptocurrency trader has increased their crypto holdings by 64.2% over the last year. Also read: Central Bank Digital Currencies Take Center Stage at IMF Spring Meetings South … [Read more...] about Survey Shows South Koreans Increased Crypto Holdings by 64% Last Year
How 5 Asian Countries Regulate Cryptocurrency
The Financial Stability Board has detailed how its member countries regulate crypto assets, who the regulators are, and the scope of their oversight. Most countries have more than one government body monitoring and regulating different aspects of crypto activities. Among the board’s Asian member countries, India is the only one with no legal mandate to directly regulate crypto assets. Also read: Indian Supreme Court Postpones Crypto Case at … [Read more...] about How 5 Asian Countries Regulate Cryptocurrency
Localbitcoins Trade Surges in Latin America and East Asia
The peer-to-peer (P2P) markets saw a surge in trade activity this past week, with the Localbitcoins markets of five countries posting record volume. The largest spikes were concentrated in the Latin American and Asian regions, however, the United States also posted its strongest monthly P2P volume since April 2018. Also Read: Nasdaq Stock Exchange to Start Offering BTC and ETH Indices Indonesian P2P Volume Increases by More Than 10x in One … [Read more...] about Localbitcoins Trade Surges in Latin America and East Asia