#korbit

[rwatimes]

Mirae Asset's Korbit stake bid stirs up alleged favoritism

Mirae Asset Financial Group’s bid to acquire a stake in the virtual asset exchange Korbit has sparked controversy over possible preferential treatm...

➤ Mirae Asset Financial Group's attempt to acquire a significant stake in the crypto exchange Korbit through a non-financial affiliate is facing scrutiny over potential regulatory bypass. ➤ Critics argue the deal circumvents rules separating financial institutions from crypto exchange ownership, raising concerns about fairness and market impact. ➤ The Fair Trade Commission is reviewing the acquisition, considering feedback from securities firms on potential anti-competitive effects.

[finovohub]

Crypto Exchange Korbit Fined $1.88 Million By South Korean Regulators

They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical)…

Crypto Exchange Korbit Fined $1.88 Million By South Korean Regulators

[finovohub]

Korbit hit with $1.9 million AML fine amid talks to sell stake to Mirae Asset

Korbit, the South Korean crypto exchange in talks to be bought by Mirae Asset, was fined 2.73 billion won ($1.9 million) by the country’s regulator for multiple anti money-laundering and customer verification breaches. The Financial Intelligence Unit said the exchange violated key provisions of the country’s Special Financial Transactions Act, including lapses in customer due-diligence and…

Korbit hit with $1.9 million AML fine amid talks to sell stake to Mirae Asset

[36crypto]

Mirae Asset Eyes Korbit Deal Worth Up to $100M Amid Korea Crypto Shift

Mirae Asset explores Korbit acquisition as Korea’s crypto regulations gradually evolve Traditional finance interest grows as licensed crypto exchanges gain strategic value Korbit’s low volume contrasts with rising institutional demand for compliant platforms South Korea’s crypto sector entered renewed focus following reports of takeover discussions. According to The Chosun Daily, Mirae Asset…

Mirae Asset Eyes Korbit Deal Worth Up to $100M Amid Korea Crypto Shift

[howtoinvestinnftcrypto]

South Korean exchange Korbit to monitor accounts of employees, family members

South Korean exchange Korbit to monitor accounts of employees, family members

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Korbit exchange announced plans to monitor the accounts of its employees and their family members in a bid to improve internal control standards, according to local media reports.

News 1 Korea reported the announcement and said that the additional monitoring of family members was not mandatory in the country for now.

Korbit CEO Oh Se-Jin said the extensive monitoring is part of efforts to bring the exchange’s internal control standards to the level of traditional finance, according to the report.

Executives and employees of crypto exchanges are legally prohibited from trading on the exchange they work for based on South Korea’s Enforcement Decree of the Specified Financial Information Special Act.

In compliance with the Act, Korbit said it will restrict its employees from trading on the platform and that provisions have been made to control the accounts of employees’ families as well.

The post South Korean exchange Korbit to monitor accounts of employees, family members appeared first on CryptoSlate.

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Exchanges News

[mtariqniaz]

Big Four’ South Korean Crypto Exchanges Say They’ve Blocked Russian Users

Big Four’ South Korean Crypto Exchanges Say They’ve Blocked Russian Users

All four major South Korean crypto exchanges say they will block users with Russian IP addresses “in line with sanctions” – despite the fact that their overseas counterparts have ruled out making such a move without direct instruction from governments. Asia Kyungjae reported that Upbit, Bithumb, Coinone, and Korbit have all apparently followed the lead of Gopax, a smaller exchange that earlier…

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[cryptocurrency24news]

#ShibaInu is now available for #tradingSouthKorea, which is known for its stringent regulations One of the few remaining South Korean exchanges #Shiba Inu keeps slumping #Korbit has announced that it will list Shiba Inu, becoming the first #cryptoexchange to add support for the #memecoin in #SouthKorea, a country that is known for harsh #cryptoregulation The Seoul-based #cryptocurrencytrading platform will allow its customer to trade #thememecoin against the Korean won starting from Thursday. Apart from #SHIB it will also add Injective Protocol #INJ the native token of the eponymous Layer 2 decentralized finance #DeFi protocol. https://www.instagram.com/p/CWtDqweMGjq/?utm_medium=tumblr