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“# Korean crypto exchange Upbit to halt withdrawals for unverified users ” South Korean cryptocurrency exchange Upbit will soon halt services for unverified users. On Oct. 2 the company officially announced a set of changes to its customer verification system in compliance with South Korea’s mandatory Anti-Money Laundering (AML) requirements. According to the announcement, Upbit will…
“#S.Korea broadband firm sues Netflix after traffic surge from ‘Squid Game’” SEOUL, Oct 1 – South Korean Internet service provider SK Broadband has sued Netflix to pay for costs from increased network traffic and maintenance work because of a surge of viewers to the US firm’s content, an SK spokesperson said on Friday. The move comes…
“# South Korean crypto tax delay thwarted ” Lawmakers in South Korea settled a long political battle on Sept. 30th and headed off moves by the ruling party to delay the implementation of the controversial crypto tax legislation. In a meeting on the 26th but only reported yesterday, Finance Minister Hong Nam-ki and key Democratic…
“#South Korean man with ‘Squid Game’ phone number gets barraged with calls” Squid pro quo! A South Korean man has been barraged by thousands of phone calls after his number appeared in the new Netflix hit “Squid Game” — and the annoyance could get him a pile of cash. The unnamed man was offered $85,000…
“#Match to sidestep Apple and Google Pay with imminent updates to Korean apps” Apple and Google are about to face their first major test under a law targeting their controversial app-store fees — and the result could be a battle in South Korea with the company that owns Tinder. Match Group — which also owns…
“#Kim Jong Un’s sister says North Korea open to ending war if conditions met” North Korea is open to officially ending the Korean War if the South ends its “hostile policies,” according to the powerful sister of North Korean leader Kim Jong Un. Kim Yo-jong made her unexpected statement in response to a renewed call…
“# Law Decoded: US as an anatomical theater of crypto regulation, Sept. 13–20 ” Fall is traditionally the open season for United States financial regulators. The thicket of news coming out of Capitol Hill, federal courts and various regulatory agencies can feel overwhelming around this time, especially for those of us residing outside of these…
“# Bybit crypto exchange suspends services in South Korea ” Bybit, one of the world’s top cryptocurrency derivatives exchanges, will halt some of its services to South Korean users ahead of a licensing deadline. The exchange officially announced on Friday that it will discontinue Korean language support from its platforms as well as its official South…
“# DCG-backed Korean exchange faces closure if it can’t find banking partner ” South Korean crypto exchange Gopax, which is backed by Digital Currency Group, is facing potential closure ahead of the country’s fast-approaching deadline for platforms to submit their requests for an official operating license. To be eligible for a license, all crypto exchanges…
“# Korean Finance Minister vows to fight moves to delay the crypto tax code ” South Korea’s Minister of Strategy and Finance, Hong Nam-Ki has vowed that the controversial crypto tax code will come into effect on January 1st, 2022 despite moves this week by the majority Democratic Party to postpone it to 2023. The…