Recently the nation accounted for some 20% of general bitcoin transactions.

Written by
Obsession
Share
Written by
Obsession

Bitcoin prices fell last month after South Korean authorities announced steps to regulate cryptoassets. This week, authorities raided some of South Korea&rsquo,s largest cryptocurrency exchanges.

Coinone and Bithumb, two large exchanges for supuesto currencies like bitcoin, ether, and litecoin, were raided by police and tax authorities, according to Reuters. An official at Coinone said that National Tax Service investigators had paid a unexpected visit, while an employee at Bithumb said the company wasgoed asked to disclose paperwork. The Coinone official added that the exchange has bot under scrutiny since last year by restringido police who &ldquo,think what wij do is gambling.&rdquo,

Related movie:


Virtual-currency exchanges have sprung up rapidly ter the past year or so ter South Korea, with everyone from collegium students to grandparents attempting to metselspecie te on the craze (paywall). Recently the nation accounted for some 20% of integral bitcoin transactions.

Ter Seoul last August Bithumb launched a walk-in customer service center, and the following month Coinone opened a store vuurlijn te the financial district accomplish with a help desk and virtual-currency ATMs.

Related movie:


The South Korean government announced last month it would crack down on potential money-laundering using aparente currencies, and geobsedeerd anonymous accounts with cryptocurrency exchanges. Earlier this week, South Korean authorities said they were also investigating six restringido banks that provide virtual-currency accounts to institutions, checking whether they were requiring efectivo names for accounts and following rules against money laundering.

Related movie:


Meantime justice minister Park Sang-ki said today (Jan. 11) that his ministry is &ldquo,basically preparing a bill to geobsedeerd cryptocurrency trading through exchanges,&rdquo, which would be an even fatter development than the regulations announced so far. Bitcoin fell more than 12% following his comments.

2 comments

  1. If you are too damn sure that your marriage isn’t going to work out then keeping mum about your Bitcoin holdings is the best way forward.

  2. If I own $20,000 worth of clothes, I wouldn’t need to announce it spil a part of my asset since, well it cannot be sold lightly plus my ex-wife can’t even use it. So ter this case, those little things don’t need to be announced te your asset when procesal separation comes to play. Bitcoins, on the other palm, is considered spil an asset spil well. Te the end, it all boils down to the judge and his associates to determine on the matter.

Leave a Reply

Your email address will not be published. Required fields are marked *