Tag Archives: Bank of Korea

Will South Korea’s Move to Embrace Cryptos Improve Support for ICOs?

  by David Drake     Since January of this year, South Korea has been making headlines for taking drastic measures in the cryptocurrency industry. The country was the first to pass regulation requiring players in the industry to synchronize their trading details with those in the bank. The country even went further to  place a ban on initial coin offerings […]

How South Korea is Positioning Itself to become a Crypto Market Leader

  by David Drake     South Korea has been a key contributor to cryptocurrencies but in this country, the industry has had to contend with big challenges. Such challenges include an initial coin offerings (ICOs)  ban, regulatory changes and hackings that led to the loss of huge amounts of money, almost bringing the industry to its knees. However, things are […]

Will Korea’s Stance on Crypto Sway other G20 Summit Nations?

  by David Drake     After taking a series of hostile actions against the crypto market, South Korea’s Financial Services Commission (FSC) has declared that it does not oppose cryptocurrencies. For many people, this statement comes as a surprise considering that early this year, the regulatory authority launched a massive crackdown on crypto exchanges, shutting down a number of them, […]

How South Korea is Removing Obstacles of Crypto Development, Brick by Brick

  by David Drake     The Central Bank of Korea, also known as Bank of Korea has ‘affirmed’ its position that cryptocurrencies do not pose significant threat to the local financial landscape.  According to media reports, the bank stated that the level of investment in digital assets is not big compared to that in local financial institutions and equity markets. […]

How will Bank of Korea’s Stand Affect the Global Cryptocurrency Market?

  By David Drake   Despite banning initial coin offerings (ICOs) some months ago, South Korea seems to be re-positioning itself to become a major global player in the cryptocurrency industry. Other than lifting the ICO ban and rolling out strict cryptocurrency regulations, the Financial Services Commission (FSC) has stated that it is not opposed to cryptocurrencies as it plans to implement […]