KoreaTimes - Cryptocurrency

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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Finance

Cryptocurrency

Wed, July 24, 2024 | 03:23

New virtual asset law sparks crypto exchange rate war

New virtual asset law sparks crypto exchange rate war

Major virtual asset exchanges in Korea have set deposit interest rates at around 2 percent in response to the implementation of the Virtual Asset User Protection Act. Intense competition has emerged among these exchanges as they vie to attract customers with more attractive rates.

2024-07-22 15:21

Financial regulator nominee cautious about corporate accounts for crypto assets

Financial regulator nominee cautious about corporate accounts for crypto assets

The nominee to head the Financial Services Commission (FSC) said Monday that he is cautious about allowing corporations to hold bank accounts for transactions of cryptocurrencies.

2024-07-22 14:23

Insurers rush to launch virtual asset insurance ahead of law implementation

Insurers rush to launch virtual asset insurance ahead of law implementation

Non-life insurers have been rushing to release products for virtual asset service providers ahead of the introduction of the Virtual Asset Users Protection Act, set to take effect on Friday.

2024-07-18 15:23

Upbit, Coinone protect customer assets with transparent deposit management system

Upbit, Coinone protect customer assets with transparent deposit management system

With the implementation of the Virtual Asset User Protection Act scheduled on Friday, investors are increasingly paying attention to how virtual asset exchanges are managing assets deposited there.

2024-07-16 15:49

Bitcoin surges on rising possibility of Trump victory

Bitcoin surges on rising possibility of Trump victory

Prices of Bitcoin surged, breaking the $60,000 level, after news broke that U.S. presidential candidate Donald Trump was shot during his campaign rally, Saturday (local time).

2024-07-14 16:10

Crypto exchanges to establish monitoring system to prevent unfair trading

Crypto exchanges to establish monitoring system to prevent unfair trading

As the country's first law on virtual asset user protection is set to take effect Friday, cryptocurrency exchanges will be obligated to monitor unfair practices in the market. The exchanges are thus making all-out efforts to establish a monitoring system.

2024-07-14 14:32

Upbit D Conference to highlight blockchain's real-world application in Seoul in November

Upbit D Conference to highlight blockchain's real-world application in Seoul in November

Dunamu, operator of Korea's largest virtual currency exchange Upbit, will host the Upbit D Conference (UDC) in November in Seoul, with the theme 'Blockchain: Powering Real World Change,' the blockchain firm announced Thursday.

2024-07-11 16:12

Bitcoin plunge to continue on German, US government liquidations

Bitcoin plunge to continue on German, US government liquidations

Bitcoin prices are expected to remain in a downtrend for the time being, stymied by a selloff from the German government and Mt. Gox, a now-defunct crypto exchange in the process of redeeming investors, market watchers said Wednesday.

2024-07-10 16:25

Upbit coin exchange promotes education for investor protection

Upbit coin exchange promotes education for investor protection

With Korea's first law on virtual asset user protection set to take effect on July 19, cryptocurrency exchanges appear to be focusing on creating a what Upbit calls a 'healthy investment environment.'

2024-07-09 16:50

Deposits guaranteed in crypto cxchange bankruptcies, but not coins

Deposits guaranteed in crypto cxchange bankruptcies, but not coins

Starting next month, customers can receive their balance back in the event of cryptocurrency exchange bankruptcies.

2024-06-25 15:53

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