South Koreans Can Now Buy Bitcoin from 7–Eleven
[Update: We received more information on this story from two CoinTelegraph sources in the Bitcoin space who asked not to be named. One visited several 7-Eleven stores in Seoul and reported that he could not find the OKBitCard and that staff did not know what it was. The other source works for Coinplug and verified that it is possible to buy bitcoins through a pin code in the form of a receipt in every Korean 7-Eleven store. He said the cashiers will be trained on the procedure over time, and that eventually Coinplug will issue and distribute the actual cards. At this time, we have yet to....
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South Korean law enforcement recently announced the arrest of a serving military captain and an operator of a cryptocurrency exchange on charges of spying for a North Korean hacker. In return for the acts of espionage, the two South Korean individuals were allegedly paid bitcoins worth a total of $637,789.
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Two South Korean citizens, a businessman running a crypto asset management firm and a serving captain of the country’s army, were arrested on suspicion of passing military secrets to a North Korean hacker. In....
South Korea is known to host significant crypto trading activity. South Koreans were among the major players during the 2017 crypto boom. The country accounts for less than 1% of the world’s population. But they were behind 30% of the crypto trading volume that year. This was according to estimates by fintech company Cindicator at […]
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