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South Korea Progresses Bill to Provide Legal Foundation for Cryptocurrencies
26.11.2019
The national policy committee of the South Korean National Assembly has approved a bill that would provide a legal basis for cryptocurrencies in the country
South Korea Might Put Cryptocurrency Exchange AML Offenders to Jail
26.11.2019
South Korean regulators and parliamentarians are rapidly building up a legal framework that will help them police cryptocurrency exchanges, with non-compliant exchange operators potentially facing jail time.
Per news outlet Ilgan Today, the regulatory Korea Financial Intelligence Unit is seeking...
Bank of Korea (Bok) to Adopt “wait-and-see” Approach for Facebook’s Libra
25.11.2019
Where on the one hand, Facebook, the social media giant is fast pacing towards the launch of its stablecoin project Libra, central banks and regulatory authorities from around the world, on the contrary, are showing some serious concerns over the highly-controversial cryptocurrency project....
China's Dive Into Blockchain, Digital ID Spurs Rest of World to Action
24.11.2019
How is China implementing blockchain in the public sector and will it be a blockchain-driven country of the future?
South Korea to Make Government-led USD 383m Blockchain R&D Drive
22.11.2019
The South Korean government will stump up USD 383 million worth of funding for Seoul-led blockchain research incentives over the next six years.
Per a report from ZDNet Korea, the country’s Ministry of Science and ICT plans to utilize the funds to develop original blockchain technology, with...
South Korea Takes Legal Step to Stamp Out Unregistered Crypto Exchanges
21.11.2019
A legal amendment to an act addressing the South Korean crypto industry would criminalize unregistered exchanges, but has loosened other requirements
LG and Kakao Partner to Bridge Public and Private Blockchains
21.11.2019
LG’s IT affiliate and Kakao’s blockchain subsidiary, Ground X, are teaming up to bridge public and corporate blockchains
In Wargaming Exercise, a Digital Yuan Neuters US Sanctions and North Korea Buys Nukes
20.11.2019
What if China’s digital currency undermined U.S. dominance of global finance? Former top Washington officials gamed out the scenarios Tuesday night
How Crypto and Blockchain Are Influencing Geopolitics
18.11.2019
Is crypto to be celebrated, or chastised? How will it affect the geopolitical picture around the world? Reading the tea leaves can be difficult #Sponsored
Bithumb Changes its Corporate Name to “Bithumb Korea” for Global Expansion
12.11.2019
In a recent press release, the biggest cryptocurrency exchange in Korea, Bithumb, announced to change its corporate name to “Bithumb Korea.” BTCKorea.com, which backs Bithumb, plans to replace “BTC” with “Bithumb,” with an expectation that the new brand name will foster a high brand awareness both...
Shinhan Bank of Korea to Develop Blockchain-based Platform for Loan Management
12.11.2019
According to the latest reports, Shinhan Bank has entered into a collaboration with SEMAS (Small Business Market Promotion Corporation) for building a blockchain-based platform dedicated to loan management. The platform would streamline the verification process for SMEs that apply for institutional...
Bithumb Global Launches Native Token for Exchange Ecosystem
12.11.2019
Bithumb plans to launch a native token on top of its namesake blockchain next year
Did South Korea Just 'Sentence Blockchain Gaming to Death'?
11.11.2019
South Korean gaming industry representatives say that the government may have doomed blockchain gaming to oblivion – after a regulator banned Infinity Star, a game that makes use of Ethereum ERC 721 Non Fungible Tokens (NFTs).
Late last week, the Game Rating and Administration Committee (GRAC)...
UN Claims Hong Kong Blockchain Firm Is North Korean Laundering Sham
6.11.2019
United Nations committee accuses North Korea of using a Hong Kong blockchain firm as a front to launder funds
North Korea Set Up a Blockchain Firm to Launder Cash: UN
6.11.2019
North Korea set up a Hong Kong blockchain firm in a bid to to launder stolen cryptocurrency and avoid sanctions, the UN has reportedly said
UN: North Korea Turns Talented Children into Cryptocurrency Hackers
6.11.2019
The UN believes that North Korea is training its most talented young IT talents to become elite cryptocurrency hackers – and thinks Pyongyang is a using a fake Hong Kong blockchain company as a front for money laundering schemes.
Per South Korean media outlet Chosun, South Korean MP...
Binance Enters Korean Market With New Business Entity
1.11.2019
Binance may have taken another step toward launching a crypto exchange arm in South Korea, according to a new business registration
Blockchain Banking March Continues Despite S Korea Digital Fiat No-go
1.11.2019
Many believe that China’s digital fiat will arrive soon, but South Korea, one of the Middle Kingdom’s closest neighbors, has all but ruled out issuing its own digital token – and states that digital fiats are still a way off. In the private sector, though, the pace of banking innovation just...
Korean Presidential Committee Pushes to Legalize Crypto
31.10.2019
A South Korean presidential committee is pushing for the government to establish legal status for cryptocurrency to stay competitive globally. So far, the government’s policies have been risk-focused to curb speculation, which the committee says must change. Also read: China Ranks 35 Crypto...
Developed Countries Have Little Need for CBDCs, Says Bank of Korea Official
31.10.2019
The Bank of Korea has again poured cold water on the idea of adopting a central bank digital currency, according to remarks made by an official of the central bank