South Korea will not Be Lifting ICO Restrictions, citing Violation of Rules

South Korea’s top financial regulator, that was expected to relax restrictions on domestic initial coin offerings (ICOS), now says it will not be lifting the restrictions citing violation of rules by some ICO projects. A report from Coindesk Korea read;…

Two Seniour Executives of South Korean Crypto Exchange, Komid, jailed for Faking Trade Volumes

News coming out of South Korea indicate that two leaders of popular crypto exchange, Komid, have been sentenced to jail for the offense of faking exchange volumes, all this was reported by South Korean crypto publication, blockinpress. CEO of the…

South Korean Financial Services Commission Reiterates its Hard Stance on ICO’s and Crypto

The head of Korea’s Financial Services Commission Choi Jong-Koo has reiterated his negative stance on digital currencies and Initial Coin Offerings (ICOs), according to an October 11 report by Business Korea. The chairman of Korea’s top financial commission spoke at…

Decentralized Cloud Computing aelf enters South Korea Market

On Thursday, aelf, a Decentralized Cloud Computing Blockchain Network announced its entry in the south Korean Market. Currently, South Korea accounts for over 50% of crypto transactions and ranks third in crypto trade volume. It has developed to be a…

South Korea Regulations: South Korean Court Finally Rules Bitcoin Has Economic Value

A South Korean court made a landmark ruling on 31st January on the economic value of the bitcoin. This was the first ruling that shows the value of the bitcoin as its ripples spread all over. The ruling was the…