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The South Korean Fair Trade Commission recently sighted twelve crypto-exchanges to offer adhesion contracts which lack proper customer protection, and ordered them to make it more ‘consumer-friendly.’ Now, for those of you who don’t know, adhesion contracts are lists of terms and conditions created by an entity and are non-negotiable to the customer. The FTC…
Bithumb, South Korea’s biggest cryptocurrency exchange, alongside Pay, a mobile payment service provider, has partnered up and will work together to provide transaction facilities at 6000 business outlets in the country. Similarly, the South Korean exchange has also partnered with Yeogi Eottae, the country’s largest hotel booking platform, to allow customers the option to book…
South Korean Bitcoin Investors are in the know about the dangers of keeping their digital currencies with local crypto exchanges and are demanding for Bitcoin Hardware Wallets. This new trend has been documented by Kim In-soon, a security-focused researcher for South Korea’s ETNews. It is a well-known fact that crypto exchanges are by no means…
The world of cryptocurrency has its fair share of corruption and malicious activities. Three cryptocurrency exchanges working in South Korea have been suspected for embezzlement of their customers’ funds and were raided by the Seoul Southern District Prosecutors’ Office. According to a report, the exchanges came under the eyes of the Financial Services Commission (FSC)….