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MEXC Global Exchange: A World-class Service Provider Bridging Continents and Challenging Pioneers

MEXC Global Exchange: A World-class Service Provider Bridging Continents and Challenging Pioneers

SINGAPORE, July 22 (Korea Bizwire) – MEXC Global, the one-stop solution for spot trading and derivatives, continues to be a market leader in providing top-quality tokens while promising to be one of the exchanges to watch out for in 2021. In addition, MEXC recently engaged its strategic expansion globally, summing more than 850 digital assets already [...]

Cryptocurrency Exchanges Remove Some Coins Ahead of New Rules

Cryptocurrency Exchanges Remove Some Coins Ahead of New Rules

SEOUL, June 16 (Korea Bizwire) – Cryptocurrency exchanges here are removing some coins from their trading platforms as they are bracing for tough regulations on digital currency transactions set to be introduced in September, inducing sharp falls in prices and irking investors, industry sources said Wednesday. At least 11 of 20 certified cryptocurrency exchanges have [...]

Bank of Korea to Introduce Service to Receive Change via Bank Account

Bank of Korea to Introduce Service to Receive Change via Bank Account

SEOUL, Oct. 4 (Korea Bizwire) — The Bank of Korea (BOK) announced plans to introduce a new service this year that will allow citizens to receive change through their bank account as part of its ‘coinless society’ initiative. “We will introduce a new service by the fourth quarter of this year that will allow customers [...]

221 mln Coins Reborn as Banknotes

221 mln Coins Reborn as Banknotes

SEOUL, Jun. 21 (Korea Bizwire) — The Bank of Korea (BOK) said Thursday that it conducted a month-long “Pan-National Coin Exchange Campaign” in May, exchanging a total of 221 million coins worth 32.2 billion won (US$27.7 million) for banknotes. The campaign was led by the Korea Federation of Banks, Korean Federation of Community Credit Cooperatives, [...]

20 Billion Won in Damaged Currency Exchanged over Past 5 Years

20 Billion Won in Damaged Currency Exchanged over Past 5 Years

SEOUL, Oct. 22 (Korea Bizwire) — More than 20 billion won in South Korean coins and bills has been traded in for new currency over the past five years. Rep. Shim Jae-chul, a member of the Strategy and Finance Committee at the National Assembly, said on Sunday that the value of damaged banknotes, including burnt [...]

South Korea Begins Pilot Project for “Coinless Society”

South Korea Begins Pilot Project for “Coinless Society”

SEOUL, April 19 (Korea Bizwire) – South Korea plans to launch a pilot project for a coinless society this week, South Korea’s central bank said Wednesday, a move that could enhance convenience for ordinary people.  Under the project set to begin Thursday, consumers can deposit small change left from purchases of goods into their prepaid [...]