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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."

Jul 9, 2024By Yoon Ja-young
Upbit coin exchange promotes education for investor protection

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.

Jun 25, 2024By Lee Yeon-woo
Deposits guaranteed in crypto cxchange bankruptcies, but not coins

'We don't sell iris information,' says Worldcoin's only Korean employee

What is the most reliable yet economical way to verify someone as human? Worldcoin’s answer: scan their irises.

Jun 25, 2024By Lee Yeon-woo
'We don't sell iris information,' says Worldcoin's only Korean employee

Cryptocurrency exchanges to evaluate listed coins

With the implementation of Korea's first law on virtual asset user protection, due to occur on July 19, cryptocurrency exchanges are set to comprehensively review the listing status of over 600 virtual assets currently being traded.

Jun 16, 2024By Anna J. Park
Cryptocurrency exchanges to evaluate listed coins

BlockSquare Seoul to enhance crypto price analysis service

BlockSqaure Seoul, a firm offering cryptocurrency price prediction services, announced on Friday that it will introduce enhanced market analysis functions starting in July.

Jun 14, 2024By Lee Yeon-woo
BlockSquare Seoul to enhance crypto price analysis service

Uncertainty looms as crypto taxation begins next year

Financial industry officials and investors are expressing concerns about the taxation on cryptocurrency scheduled to begin next year, noting that the country has yet to establish the relevant legal framework.

Jun 11, 2024By Lee Yeon-woo
Uncertainty looms as crypto taxation begins next year

NFT collectibles to be excluded from scope of Korea's first cryptocurrency law

Non-fungible tokens (NFTs) will be excluded from the scope of virtual assets defined under the Act on the Protection of Virtual Asset Users, which will come into effect July 19. The act will be Korea's first legislation on cryptocurrency and its investor protection.

Jun 10, 2024By Anna J. Park
NFT collectibles to be excluded from scope of Korea's first cryptocurrency law

Forbes ranks Upbit as world's 4th most trustworthy crypto exchange

Upbit, Korea's largest cryptocurrency exchange, was ranked fourth among the world's most trustworthy cryptocurrency exchanges by Forbes.

May 21, 2024By Lee Yeon-woo
Forbes ranks Upbit as world's 4th most trustworthy crypto exchange
  • Bithumb moves fast to expand market share

Upbit, Bithumb solidify leadership in market with impressive Q1 earnings

Upbit and Bithumb announced impressive first-quarter earnings, backed by the rising interest in virtual assets and a recovery in investor sentiment. However, while both exchanges solidify their leadership in the market, other exchanges are experiencing financial difficulties.

May 17, 2024By Lee Yeon-woo
Upbit, Bithumb solidify leadership in market with impressive Q1 earnings
  • Is Korea becoming playground for cross-border coin speculation?

Market cap of virtual assets in Korea jumps 53% in 2nd half of last year

The value of Korea's virtual asset market expanded over 50 percent from six months earlier in the second half of last year, on rising prices of cryptocurrencies, data showed Thursday.

May 16, 2024
Market cap of virtual assets in Korea jumps 53% in 2nd half of last year
  • Insurers rush to launch virtual asset insurance ahead of law implementation
  • Is Korea becoming playground for cross-border coin speculation?
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