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South African Bitcoin-Based Trading Firm Investigated for Fraud


After promising on its website to “take the hassle out of forex trading by doing it all for you,” a South Africa-based company is now under investigation by the country’s financial regulator, saying that the return figures which the company flashes seem “far-fetched and unrealistic.” Per a press...

South Korean Banks to Launch Crypto Services ‘Before Year Is Out’


Multiple South Korean banks could launch crypto custody services by the end of 2020 of March next year “at the latest,” after a “significant change in tone” has led the banking sector to move toward crypto business with alacrity. Per a report from the Electronic Times, crypto custody is now a...

4 of South Korea’s Largest Banks to Provide Cryptocurrency Services


Four of the top five South Korean banks have reportedly announced their plans to provide cryptocurrency services. The announcements came ahead of the crypto regulation that will soon go into effect in South Korea. Largest Korean Banks Entering Crypto Space South Korea’s largest banks have...

Two More Major South Korean Banks Keen on Crypto Custody


Another two major commercial South Korean banks have expressed an interest in launching crypto custody services – but industry experts said they may be making their moves too late, and are lagging behind the American banks. As previously reported, two other commercial banks – Nonghyup and Kookmin...

A Million South Koreans Now Using Blockchain-powered Driver’s Licenses


Over 1 million South Koreans have traded in their plastic driver’s licenses in favor of a blockchain-powered, police-issued smartphone-based digital alternative. Per Daily Kyungjae, the initiative allows drivers to identify themselves to police using barcodes or QR codes, as well as...

Big South Korean Companies Preparing For 'Crypto-powered' Era


More and more big South Korean companies are registering trademarks for crypto exchanges, wallets and other crypto-related services in an attempt to "prepare for the upcoming era of crypto asset-powered finance," per a new report. According to Chosun, recent moves from conglomerate...

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