South Korea has doubled down on its commitment to eliminating the use of cryptocurrency in illicit activities, but played down more serious proposals.
South Korea is considering adopting a system similar to New York's "BitLicense" for the regulation of cryptocurrency exchanges, a report states.
South Korea cryptocurrency exchange Coinpia has halted trading amid concerns it has been unable to comply with new government rules.
The South Korean National Intelligence Service claimed North Korea stole "billions of won" in cryptocurrencies last year.
South Korea does not intend to "ban or suppress" cryptocurrency trading, the country's finance minister said today.
The South Korea government is investigating the use of cryptocurrency in illegal foreign currency exchange, according to a statement.
South Korea's Communications Commission has issued fines totaling $130,000 to eight cryptocurrency exchanges over insufficient user data protection.
South Korea's financial watchdog has set a date for the introduction of a new rule barring anonymous virtual cryptocurrency trading accounts.
South Korea's Korbit exchange has informed users that non-citizens will soon not be able to deposit Korean won for trading.
Cryptocurrency exchange OKCoin is reportedly moving to launch in South Korea – possibly as soon as next month.