Image Image Image Image Image Image Image Image Image Image Image Image

| September 25, 2018

Scroll to top

Top

Korea Archives -

North Korea to Allow Outside Inspectors to Visit Missile Test Site

September 19, 2018 |

North Korea agreed to allow outside inspectors to visit its missile test site and said it would be open to decommissioning its nuclear-enrichment facility.
WSJ.com: What’s News Asia

N. Korea Signs ‘Very Exciting Deal’

September 19, 2018 |

The leaders of the two Korea have signed what President Trump calls a “very exciting” agreement on the second day of a three-day summit in Pyongyang . South Korean president Moon Jae-in announced in a joint press conference with Kim Jong Un that they had agreed to turn the peninsula into…
Newser

Striking Images From Latest North-South Korea Summit

September 19, 2018 |

If North Korean leader Kim Jong Un was searching for the perfect propaganda set piece, something designed to show his people that he’s a strong leader pushing inexorably for the long-promised prosperity they deserve, then South Korean President Moon Jae-in might be providing him with a unique opportunity during their…
Newser

US calls for urgent UN meeting on North Korea sanctions after accusing Russia of interfering with report

September 15, 2018 |

The U.S. on Friday called for an urgent meeting of the U.N. Security Council on the implementation of sanctions on North Korea, a day after Ambassador Nikki Haley accused Russia of meddling in an independent report on the sanctions.
FOX News

N. Korea Throws Itself an Unusual Parade

September 9, 2018 |

North Korea rolled out some of its latest tanks and its best-trained goose-stepping units through Kim Il Sung Square in a major military parade Sunday to mark its 70th anniversary, but held back its most advanced missiles and devoted nearly half the event to underscoring Kim Jong Un’s new strategy…
Newser

CNN

Will Ripley visits North Korea after US summit

September 9, 2018 |

CNN’s Will Ripley reports from Pyongyang three months after the historic meeting between President Trump and North Korean leader Kim Jong Un.
CNN.com – RSS Channel – World

CNN

North Korea’s Kim has ‘unwavering trust’ in Trump, South Korea says

September 8, 2018 |

North Korean leader Kim Jong Un has “unwavering trust for President Trump” and wants to achieve the denuclearization of the Korean Peninsula before the US leader finishes his term, South Korean officials said Thursday.
CNN.com – RSS Channel – World

CNN

What to look for as North Korea celebrates the 70th anniversary of its founding

September 8, 2018 |

For months, North Korea has been preparing a massive display of national unity and military might to mark the 70th anniversary of the country’s founding.
CNN.com – RSS Channel – World

New Crypto Exchanges Launch in Hong Kong, Korea, Indonesia

September 8, 2018 |

New Crypto Exchanges Launch in Hong Kong, Korea, Indonesia

The cryptocurrency ecosystem continues to grow with the addition of some new crypto exchanges in Hong Kong, Korea, and Indonesia. Bitone Trade HK, affiliated with a Japanese publicly listed company, will support 30 cryptocurrencies. Huobi Indonesia will list 123 coins and new Korean exchange Probit will list 157 coins.

Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals

Bitone Trade HK

New Crypto Exchanges Launch in Hong Kong, Korea, IndonesiaBit One Hong Kong Limited announced on Thursday, September 6, that its Bitone Trade HK platform will officially be rolled out this month.

Bit One Hong Kong Limited is affiliated with a Japanese publicly listed company, Bit One Group Co. Ltd., formerly known as Fasteps Co. Ltd. but changed its name on September 1.

Noting that the platform will support 30 cryptocurrencies and “more than 100 coins will be listed in [the] future,” the company revealed:

Our platform is launched in Hong Kong which is Asia’s international financial center and we provide customers with stable and secure services. Mainly for the Asian market, our goal is to achieve a monthly transaction volume of US$ 5 billion.

New Crypto Exchanges Launch in Hong Kong, Korea, Indonesia

Huobi Expands to Indonesia

Huobi Group held a launch ceremony on Friday, September 7, for its Indonesian exchange through a partnership with Asia Financial Group. “The Huobi Indonesia Digital Currency Exchange is built on Huobi Cloud platform,” Huobi detailed, adding:

The new exchange will list 123 tokens and incorporate a two-factor authentication (2FA) to help secure each digital asset.

Currently, the platform lists three base cryptocurrencies: USDT, BTC, and ETH. The company officially launched Huobi Cloud on July 20, aimed at “enabling its partners to build secure and stable digital asset exchanges quickly.”

New Crypto Exchanges Launch in Hong Kong, Korea, Indonesia

Korean Exchange Probit

Korean news outlet Chosun reported on Wednesday that a new crypto exchange called Probit will be launched mid-October by Probit Private Limited. The firm plans to list 157 cryptocurrencies and support eight languages including English, Korean and Chinese, the publication conveyed and quoted the firm claiming:

The [Probit] exchange can handle more than 1.5 million orders per second…More than 95% of digital assets are stored in a cold wallet to prevent hacking or theft. In addition, it supports hardware keys and software double authentication, so that customer accounts cannot be hacked.

Probit was further quoted describing, “Many exchanges develop and open rapidly.” Citing many security risks for crypto exchanges such as theft, deposit and withdrawal errors, and inaccurate transactions, the company emphasized that its “goal is to provide a virtual currency trading platform with the highest level of security.”

New Crypto Exchanges Launch in Hong Kong, Korea, Indonesia

Coinone Starts Operations in Indonesia

New Crypto Exchanges Launch in Hong Kong, Korea, IndonesiaCoinone is one of the largest crypto exchanges in South Korea. The exchange officially launched a trading platform in Indonesia recently after beta testing it and addressing feedback from users for a month. The plan to launch was first announced in April. The exchange charges a maker fee of 0.25% and a taker fee of 0.3%.

Six cryptocurrencies are listed on the platform: BTC, BCH, LTC, QTUM, XRP, and ETH. Coinone Indonesia currently offers trading coupons which “are used to remove the trading fee for a period of time.”

New Crypto Exchanges Launch in Hong Kong, Korea, Indonesia

What do you think of these new exchanges? Let us know in the comments section below.


Images courtesy of Shutterstock, Pixabay, Bit One Group, Huobi, Probit, and Coinone.


Need to calculate your bitcoin holdings? Check our tools section.

The post New Crypto Exchanges Launch in Hong Kong, Korea, Indonesia appeared first on Bitcoin News.

Bitcoin News

South Korea Urges 14 Countries to Create International Discipline System for Crypto

September 7, 2018 |

South Korea Urges 14 Countries to Create International Discipline System for Crypto

At an annual international conference for regulators in Seoul, the South Korean Financial Supervisory Service urged regulators from 14 other countries to create an international discipline system for cryptocurrency and initial coin offerings. The Korean government also outlined its current crypto countermeasures and pushed for better information sharing and international cooperation.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

International Discipline System

South Korea Urges 14 Countries to Create International Discipline System for Crypto
Yoon Suk-heun.

The 20th Integrated Financial Supervisors Conference (IFSC) took place on September 6-7 in Seoul. The governor of the country’s Financial Supervisory Service (FSS), Yoon Suk-heun, urged representatives from all countries attending the event to jointly respond to cryptocurrency risks.

The event was attended by officials from 14 countries, including the UK, Japan, Germany, Canada, Australia, and Singapore. The regulators met to share and discuss global regulatory issues, including those related to cryptocurrencies.

According to the Korea Times, Yoon said:

The authorities are in a difficult situation to minimize the side effects while encouraging financial innovation…The aim is to calm overheated speculation and prevent illegal activities against new risks associated with virtual currency or initial coin offerings (ICOs)…We need to create an international discipline system, which can only generate regulatory gains between countries.

Citing that crypto and ICO activities are carried out across borders, Yoon emphasized that “it would be better to create an international discipline system” rather than each country responding individually, Hankook Ilbo reported.

Countermeasures Discussed

South Korea Urges 14 Countries to Create International Discipline System for CryptoYoon proceeded to explain South Korea’s current countermeasures for new financial services including cryptocurrency, ICOs, and fintech, Etnews reported. They include a “supervision method for effective internal control and compliance of financial companies, the direction of financial consumer protection system and financial inclusion policy, [and the] effective anti-money laundering system and how to operate it.”

The governor believes that the “internal control of financial companies is a way to safely manage customer assets and maintain sound management.” In addition, he hopes that “the level of information sharing and international cooperation would be further strengthened,” the publication conveyed, adding:

Korea has faithfully implemented international supervision standards such as reporting doubtful transactions, confiscation of criminal proceeds related to the prevention of money laundering, and expanding the exchange of information between countries.

What do you think of South Korea urging 14 countries to cooperate on crypto countermeasures? Let us know in the comments section below.


Images courtesy of Shutterstock and the Korea Times.


Need to calculate your bitcoin holdings? Check our tools section.

The post South Korea Urges 14 Countries to Create International Discipline System for Crypto appeared first on Bitcoin News.

Bitcoin News