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On January 9, MoneyToday, one of the most widely read finance and business news publications in South Korea, reported that a South Korean investor has made a $22 million profit off a $90 investment in bitcoin he likely made in 2011.For a $90 investment to turn into $22 million,...
Over the past 24 hours, a series of false reports from news publications including Reuters have claimed that the South Korean government is planning on banning or closing down cryptocurrency exchanges.An initial report from Reuters, which has since been corrected, stated that the South Korean government is expected to...
Woori Bank, the third largest commercial bank in South Korea behind Shinhan and Kookmin, is planning on closing down the existing accounts of cryptocurrency exchanges. Last week, mainstream media outlet Hankyoreh reported that Woori Bank is planning to shut down services for the country's 3 largest cryptocurrency exchanges: Bithumb, Korbit, and Coinone who...

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