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Bank of Korea digital won pilot moving to distribution phase next year

7.10.2020
The South Korean central bank is on track with its CBDC pilot program, but still insists it has no current plans to launch

South Korean Central Bank to Launch CBDC Pilot in 2021

7.10.2020
The South Korean central bank, the Bank of Korea (BOK) has announced that it is to begin a central bank digital currency (CBDC) pilot next year, in conjunction with major firms and domestic banks. Per Seoul Shinmun and the Fourth Journal, the BOK has stated that it has completed the design...

BMW Korea trials a blockchain-powered rewards program ahead of global launch

7.10.2020
The car manufacturer is trialing the new blockchain system, which offers customers tokenized loyalty points, before its potential rollout worldwide

South Korea’s Central Bank to Test Digital Currency With Banks in 2021

7.10.2020
Following China's lead, the Bank of Korea is to run circulation trials of a central bank digital currency with assistance from banks

South Korean MP Calls on Seoul to ‘Urgently’ Boost Crypto Innovation

7.10.2020
Korean lion dog statue and the National Assembly building, Seoul. A politician has called on South Korea to “urgently” prioritize the development of crypto security technology – stating that blockchain-powered finance is now an inevitable reality for the country, and the rest of the world. Lee...

South Korean Bank NH Launches Blockchain-powered Document Wallet

29.9.2020
South Korean financial services provider Nonghyup (NH Bank) has begun issuing over a dozen forms of digital certificates using a blockchain-powered system and an e-wallet that will be able to hold hundreds of types of blockchain-verified forms of authentication. Per the Electronic Times, the bank’s...

Investor losses legal battle against Bithumb for 2017 data breach incident

28.9.2020
The user claimed to have lost a massive amount of money due to Bithumb’s negligence

Samsung’s new blockchain pilots are all about transparently tracking medicine

25.9.2020
Blockchain continues to attract interest in the pharmaceutical industry

NFT Issues Freeze South Korean Gaming Regulator into Inaction

25.9.2020
The debate about blockchain gaming, non-fungible tokens (NFTs) and regulation continues to rumble on in South Korea – with the nation’s gaming commission speaking out about its reasoning for long delays in issuing ratings to blockchain game developers. As previously reported, video game developer...

Mandatory KYC verification may contradict privacy laws in South Korea

25.9.2020
Will this legal contradiction be resolved before the deadline?

South Korean regulator is wary of NFT-based games

23.9.2020
The South Korean gaming regulator is reluctant to embrace NFTs

Leaked Data Outs Bitcoin Investment Company as Scam: Founders Deny the Allegations

22.9.2020
A South African group calling itself “Anonymous ZA” has published fresh information that seemingly supports long-standing allegations that Mirror Trading International (MTI), an ostensible bitcoin investment company, is running a multi-level marketing scam. The new information, which...

South Australian food and wine tracing platform teams up with Hedera

22.9.2020
The Australian government-backed supply chain traceability platform Entrust is launching on Hedera Hashgraph

Blockchain Gaming Hits Another NFT-related Hitch in South Korea

22.9.2020
Source: Twitter/@SkypeopleMaster Blockchain, gaming and crypto advocates are bracing for the worst after the South Korean video game censor issued an ominous delay for ratings on another blockchain gaming title – over apparent non-fungible token (NFT)-related concerns. Per iNews24, the regulatory...

South Korean Crypto Exchanges Search for ‘Seamless’ AML Solutions

19.9.2020
With just months to go before new legislation comes into force requiring all of South Korea’s crypto exchanges to implement strict anti-money laundering (AML) policies, the race is now on to adopt solutions ahead of time – and avoid falling foul of the law. So which AML solutions are South Korean...

Police summon Bithumb chairman for questioning over alleged fraud

18.9.2020
Police raids on the Bithumb offices are apparently not just FUD as more investigation reports come in

South Korean Police Seize Shares From Major Bithumb Shareholder

18.9.2020
South Korean police have seized shares in Bithumb, the country’s biggest crypto exchange. The shares belong to Bithumb Korea director and major shareholder Kim Byung-Geon. According to a local media report, the police raid – the third on the exchange this month – follows...