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South Korean Startup Contents Protocol Team Announces Closure


Contents Protocol Team, a South Korea-based startup firm, has shocked the crypto community by announcing that it has decided to stop its operations in the country and shall be refunding the investors in the near future. The sudden announcement has taken the firm’s investors in a blow as the firm...

South Korean Banks ‘Sitting on Crypto Plans in Regulatory Limbo’


South Korean financial institutions have formulated crypto business plans – but cannot go public with them due to a lack of regulatory clarity, claim bankers in the country. News outlet Hangook Ilbo quotes an unnamed “senior official” at a South Korean bank as stating, “Banks in South Korea cannot...

South Korean Bankers, Crypto-advocates Hope to Drive Crypto Tax Law


South Korea is inching closer to crypto tax legislation after a gathering of bankers, politicians and blockchain industry officials appeared to reach a consensus at a meeting held at the country’s parliament in Seoul. Per Jose Ilbo, the event was co-chaired by the Korea Blockchain Association,...

Politician to Form Blockchain-powered Party + More News


National Assembly Building in Seoul. Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Blockchain news Former presidential candidate, tech entrepreneur and leading South Korean...

China Worries Driving South Korean Central Bank to CBDC Research


The South Korean central bank is launching a second central bank digital currency (CBDC) team – a year after disbanding its first group of CBDC researchers. The central Bank of Korea (BOK) announced its intentions to launch the new unit, which it says will conduct CBDC-related research, in what...

Altcoin Delisting Claims Some Surprising Casualties in South Korea


Some of South Korea’s leading crypto exchanges have apparently begun coin purges for low-volume tokens – but there could be a catch for the exchanges and the South Korean cryptocurrency industry as a whole, as a number of delisted tokens are Kakao Klaytn partners. Per a report from South Korean...

New Law May Kill Smaller South Korean Crypto Exchanges + More News


Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Exchanges news Smaller South Korean exchanges could be forced to close if the government pushes ahead with plans to impose tighter...

South Korean Army to Use Blockchain-powered ID Solution + More News


Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Cryptocurrency news A South Korean blockchain authentication solution developed by a private company will be adopted by...

South Korean Bankers 'Fear' Starbucks Crypto Threat


A report from South Korea claims that bankers in the country are concerned about the rise of an unexpected crypto threat – American coffee shop chain Starbucks. Per the Korea Times, banking professionals have theories about the company’s digitization plans, and worry that they will fall behind when...

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