Tag: South Korea regulations

South Korean Millennials Excited About Crypto, New Survey Shows

South Koreans in their 20s and 30s are excited about cryptocurrencies and are eager to invest. This is according to a study carried out by the Bank of Korea, the country’s central bank. The survey was released on Tuesday and showed general support for digital currencies in the East Asian nation despite recent drastic declines in prices. Breaking down the numbers The survey by the BOK involved 2,511 participants from across the country. …
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South Korean Officials to Begin On-Site Probes of Domestic Banks

The South Korean government has continued to tighten its regulatory grip on the country’s cryptocurrency market, and this time, it’s going after banks directly. Government officials plan to conduct on-site inspections of 6 major Korean banks throughout the week to ensure that regulations for virtual accounts are being properly followed. These inspections are the latest development in a series of moves by South Korea’s government to curb cryptocurrency investment by cracking …
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