| Digital Currency

Become a contributor

Bookmark Econotimes

| Digital Currency

Bitcoin Pizza Day: How the Tradition Started

R3's Marco Polo blockchain consortium welcomes Bangkok Bank

EY and Guardtime launch marine insurance blockchain platform ‘Insurwave’

FxWirePro: ETH/USD breaks below 600, breach of 61.8% fib support targets 500

FxWirePro: BTC/USD hovers around 1w 50-SMA, decisive break below targets 7200

Shenzhen taxation authority looks to blockchain to fight counterfeit invoices

Mizuho Financial Group to sponsor Japan's first blockchain co-working space

What should TRX traders/investors do during TRON migration? Token swap between ERC20 TRX and Mainnet TRX

Fundstrat Strategist Says Bitcoin’s Price Will Soar to $25,000

People Will Transition More in Cryptocurrency if Financial Regulation is Loosen

Digital Currency and Blockchain Weekly Round-up – May 25th, 2018

MAS issues warning to eight crypto exchanges and halts one ICO drive

Cryptocurrency Mining Malware Still Prevalent Despite Exploiting Basic Vulnerabilities

15 Bitcoins Demanded by South African Kidnappers

Bank of Spain to Repeat JP Morgan’s Mistake in denouncing cryptocurrency?

Every capital to pioneer Australia’s retail crypto-asset hedge fund services

Acquisition of ‘Paradex’ rebrands ‘GDAX’ to ‘Coinbase Pro’

Digital Currency Revolution

©Elmin Media . All Rights Reserved.

South Korean Customs Service investigates illegal cryptocurrency trade

Thursday, February 1, 2018 4:13 AM UTC

comments

The Korean Customs Service (KCS) is investigating the use of digital currencies in illegal foreign exchange business in the country.

In an official announcement, the KCS said that a total of 637.5 billion won (approximately $600 million at current exchange rate) have been exchanged illegally in foreign currencies till date, which includes transactions involving cryptocurrencies.

The announcement follows the ban on anonymous cryptocurrency trading in South Korea, which went into effect on January 30.

Providing further details, the KCS pointed out that a case in which unregistered currency exchanges remitted 472.3 billion won for customers between South Korea and Australia from March to December 2017. It said that the transactions were facilitated by cryptocurrencies, CoinDesk reported.

The KCS said that it will continue to look into the illegal foreign exchange transactions and money laundering activities, including those involving cryptocurrencies. In addition, it will also investigate the use of cryptocurrencies for the purchase of illegal and smuggled goods.

EconoTimes 中文版经客时代已上线

深入了解中国动向

开始阅读 >

Econotimes China Edition

GET INSIGHTS IN CHINESE

READ NOW >

Editor's Picks

Scientists Wants To Use Poison As Male Birth Control

How the digitalisation of everything is making us more lonely

New App Equipped With AI Could Help Treat Depression

How neoliberalism is damaging your mental health

Why ignoring mental health needs of young Syrian refugees could harm us all

Researchers Create Aluminum That’s As Strong As Stainless Steel

Automation To Hit Women In the Workforce Harder Than Men, Study Finds

Looking at the universe through very different 'eyes'

Automation Takes Over Stem Cell Manufacturing Too, FDA Approves

Eating weed gummies at work? Maybe not until 2028.

What are antioxidants? And are they truly good for us?

Are you a "cyberloafer"? Why internet procrastination is making life easier for hackers

ET PRO
Market Data

Market-moving news and views, 24 hours a day >

BRENT CRUDE TRADED AT $8.75 A BARREL ABOVE WTI IN POST-SETTLEMENT TRADE, HIGHEST PREMIUM SINCE 2015

BRAZIL CENTRAL BANK TO AUCTION ON MONDAY AS MANY AS 4,225 TRADITIONAL CURRENCY SWAPS TO ROLL OVER EXISTING CONTRACTS

BRAZIL CENTRAL BANK TO AUCTION ON MONDAY AS MANY AS 15K TRADITIONAL CURRENCY SWAPS

TRUDEAU AND TRUMP ALSO DISCUSSED BRINGING NAFTA NEGOTIATIONS TO 'TIMELY CONCLUSION' -PM'S OFFICE

MOODY'S AFFIRMS AUSTRIA'S AA1 RATINGS; MAINTAINS STABLE OUTLOOK

MOODY'S SAYS ITALY'S LONG-TERM LOCAL-CURRENCY BOND AND DEPOSIT CEILINGS ALSO REMAIN UNCHANGED AT AA2

MOODY'S, ON ITALY, SAYS A KEY DRIVER FOR REVIEW IS RISK THAT STRUCTURAL REFORM EFFORT STALLS & PAST REFORMS SUCH AS PENSION REFORMS IMPLEMENTED IN 2011 ARE REVERSED

MOODY'S SAYS ITALY'S LONG-TERM AND SHORT-TERM FOREIGN-CURRENCY BOND AND DEPOSIT CEILINGS REMAIN UNCHANGED AT AA2 AND P-1, RESPECTIVELY

MOODY'S SAYS ITALY'S LONG-TERM LOCAL-CURRENCY BOND AND DEPOSIT CEILINGS ALSO REMAIN UNCHANGED AT AA2

MOODY'S AFFIRMS RWANDA'S B2 RATING, MAINTAINS STABLE OUTLOOK

MOODY'S, ON ITALY, SAYS A KEY DRIVER FOR REVIEW IS RISK THAT STRUCTURAL REFORM EFFORT STALLS & PAST REFORMS SUCH AS PENSION REFORMS IMPLEMENTED IN 2011 ARE REVERSED

MOODY'S SAYS ITALY'S LONG-TERM AND SHORT-TERM FOREIGN-CURRENCY BOND AND DEPOSIT CEILINGS REMAIN UNCHANGED AT AA2 AND P-1, RESPECTIVELY

MOODY'S SAYS WILL USE REVIEW PERIOD TO ASSESS IMPACT OF FISCAL AND ECONOMIC POLICY PLATFORM OF NEW GOVERNMENT ON ITALY'S CREDIT PROFILE

MOODY'S SAYS "SIGNIFICANT" RISK OF A MATERIAL WEAKENING IN ITALY'S FISCAL STRENGTH IS AMONG KEY DRIVERS FOR INITIATION OF REVIEW FOR DOWNGRADE

MOODY'S PLACES ITALY'S BAA2 RATING ON REVIEW FOR DOWNGRADE

SOUTH AFRICA'S TREASURY SAYS DETERMINED TO ACHIEVE IMPROVED RATINGS, AFTER S&P AFFIRMS AT SUB-INVESTMENT GRADE

CORRECTED-U.S. FEDERAL JUDGE DENIES TRUMP'S EX-CAMPAIGN MANAGER MANAFORT'S REQUEST TO DISMISS FALSE STATEMENT (NOT MONEY LAUNDERING) CHARGES FROM INDICTMENT -FILING

S&P SAYS RECENT POLITICAL TRANSITION AND POLICY PROPOSALS IN SOUTH AFRICA COULD SUPPORT FIRMER GROWTH & STABILIZING PUBLIC FINANCES OVER MEDIUM TERM

Every capital to pioneer Australia’s retail crypto-asset hedge fund services

FxWirePro: EUR/USD hits fresh 2018 low, goods to sell on rallies

U.S. Treasuries climb ahead of Fed Chair Powell, FOMC members’ speeches

Apple Bags $539 Million in Damages From Patent Infringement Lawsuit vs. Samsung

California SC Rules Social Media Providers Should Grant Criminal Defendants Access to Requested Data

FxWirePro: USD/CAD Trade Idea

FxWirePro: GBP/USD trading low, good to sell on rallies

ETH/USD rallies seem feeble on MyEtherWallet saga, both momentum and trend indicators in bears’ favour

USD/KRW likely to trade between 1,060-1,085 with upward bias given rising geopolitical uncertainties, says Scotiabank

Economics Monitor

May 25 16:00 UTC Released

USCattle Marketed

Actual

106 %

Forecast

106 %

96 %

May 25 16:00 UTC Released

USCattle On Feed

Actual

105 %

Forecast

104.9 %

107 %

January 31 00:00 UTC 165983165983m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Bln AR bln ARS

January 31 00:00 UTC 165983165983m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Bln AR bln ARS

January 22 19:00 UTC 177803177803m

ARTrade Balance

Actual

Forecast

-1541 %

January 31 00:00 UTC 165983165983m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Bln AR bln ARS

January 22 19:00 UTC 177803177803m

ARTrade Balance

Actual

Forecast

-1541 %

January 31 00:00 UTC 165983165983m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Bln AR bln ARS

January 31 00:00 UTC 165983165983m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Bln AR bln ARS

January 31 00:00 UTC 165983165983m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Bln AR bln ARS

EconoTimes

Disclaimer: EconoTimes provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and EconoTimes specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Brokerage. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. EconoTimes expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

Digital Currency Revolution

深入了解中国动向

GET INSIGHTS IN CHINESE

Editor's Picks

Welcome to EconoTimes