New Self-Regulatory Rules for Crypto Exchanges in South Korea Clarified (news.bitcoin.com)

The majority of South Korean cryptocurrency exchanges are implementing new self-regulatory rules and performing self-inspection. The industry group in charge of leading the efforts has clarified the differences between the new and old self-regulatory rules for its 23 exchange members.
Also read: Russian Regulators

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Bitcoin Pyramid Scheme Allegedly Hoaxed $20 Million In South Korea

Two suspects from South Korea have allegedly used a pyramid scheme that involves bitcoin to swindle some 20 billion Korean won, or $ 20 million from investors in the country. The news was made public as a judge from Seoul's Incheon District Court has issued a fine of $ 15 million and $ 8 million …
Google Alert – bitcoin

Bitcoin Pyramid Scheme Allegedly Hoaxed $20 Billion In South Korea

Two suspects from South Korea have allegedly used a pyramid scheme that involves bitcoin to swindle a total of $ 20 billion from investors in the country. The news was made public as a judge from Seoul's Incheon District Court has issued a fine of $ 15 million and $ 8 million respectively to the two men …
Google Alert – bitcoin

Illegal Bitcoin Mining Operation Tapping Cheap Power Busted in South Korea

South Korean police have arrested over a dozen individuals involved in an illegal bitcoin mining operation that used cheap electricity afforded to industrial complexes. The metropolitan police agency of Gwangju, a city in country's south, has revealed details of alleged illegal mining activities undertaken …
Google Alert – bitcoin