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South Korean Investor Brags About $24 Million Bitcoin Profit, Government Now Chasing Taxes

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...

South Korea’s Bitcoin Regulation is Highly Optimistic, False Reports Claim Ban

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...

Several South Korean Banks May Close Down The Accounts of Bitcoin Traders

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...

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