coinone News The coinone News Channel offers comprehensive coverage of all things related to coinone and its various trading assets. It presents up-to-the-minute news, nuanced market analyses, trends, forecasts, and recent market changes. The latest two news from coinone :
South Korean Crypto Exchange Bithumb Reinstates Commission Fees After Four Months,
S.Korea Regulations: Here’s the List of Crypto Exchanges that Made the Final Cut
The South Korean crypto exchange Bithumb ended its four-month campaign of commission-free crypto trading on February 5.
The four crypto exchanges that would now legally operate under the new guidelines would include Upbit, Bithumb, Coinone, and Korbit.
South Korea’s looming crypto exchange “shutdown crisis and coin run” could be compounded by a forthcoming national holiday, leading to a chaotic week ahead for the crypto community in the East Asian nation.
A South Korean ruling party lawmaker has urged the government to prevent Upbit, the nation’s market-leading crypto exchange, from creating a de facto “monopoly” – insisting that Seoul should ensure the survival of “at least three or four” rival exchanges.
Koh Seung-beom – FSC’s Chairman nominee – believes virtual currencies cannot be categorized as financial assets.
Upbit has become the first South Korean crypto exchange to officially apply for an operating license – with the nation’s financial regulator confident that “at least one or two” others will follow suit before the end of this month.
South Korean crypto exchanges have been dealt another crushing blow – with all of the nation’s trading platforms failing their regulatory “consulting” audits.
According to data received from the Financial Supervisory Service by Rep. Yoon Chang-Hyeon, a member of the National Assemblys Political Affairs Committee; K bank, NH Nonghyup Bank, and Shinban Bank accumulated 16.9 billion Won, i.e., $14.71 million in transaction fee from four crypto exchanges combined: Upbit, Bithumb, Coinone, and Korbit.
South Korean commercial banks “increasingly believe” only four crypto exchanges will survive beyond a September 24 deadline – after which crypto exchanges will need to adopt anti-money laundering (AML) protocols and find banking partners in order to keep operating.
South Korean crypto exchanges are preparing lawsuits to sue the government or challenge it in the constitutional court if they fail to meet a September regulatory deadline and are obliged to close.