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Five Major South Korean Banks Join JPMorgan Blockchain Project


Five of South Korea’s biggest banks have joined JPMorgan’s cross-border, blockchain-powered payments initiative, the Interbank Information Network (IIN). The network operates on Quorum, a platform based on the Ethereum blockchain. According to an Fn News report, KEB Hana Bank, Shinhan Bank, Woori...

South Koreans Bristle at ‘Nonsensical’ Reports of North’s Crypto Plans


The Grand Monument in Pyongyang. North Korea observers in South Korea have been left bemused by reports claiming that their northern neighbors are working on a “Bitcoin-like” cryptocurrency. In an interview with Vice, Alejandro Cao de Benos, the head of the Korean Friendship Association (KFA),...

OKEx Korea Axes Privacy Coins as South Korean Purge Intensifies


The South Korean branch of cryptocurrency exchange OKEx says it will delist five privacy coins as of October this year, saying they “violate regulatory laws.” The exchange announced that it will delist Monero, Dash, ZCash, Horizen and Super Bitcoin as of October 10, and has set a December...

SM Entertainment Plans to Introduce its own Cryptocurrency


SM Entertainment is one of Korea’s best pop talent companies, now planning to launch its in house blockchain initiative. The initiative is going to take the form of a native cryptocurrency, given the protests from the shareholders and a plunge in falling stock price. The technology director...

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