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South Korea Announces USD 680M ‘Digital New Deal’ + More News
16.6.2020
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
The South Korean government has announced a USD 680 million spending plan on a post-COVID 19 “Digital New Deal,”...
Blockchain Bites: JPMorgan on Bitcoin, South Korea on CBDCs and the Porn Industry on Crypto
15.6.2020
JPMorgan bond analysts think bitcoin has passed its first stress test while South Korea's central bank is continuing to research CBDCs
Korea’s Central Bank Forms Legal Panel to Advise on Possible Digital Currency Launch
15.6.2020
The Bank of Korea has set up a legal panel to advise on possible regulatory sticking points for a future CBDC issuance
South Korea to Review Legal Issues Surrounding Potential CBDC Launch
15.6.2020
The Bank of Korea has tapped six experts to assess possible legal issues surrounding the launch of a central bank digital currency
South Korean Experts Say Crypto is a Poor Safe-Haven Asset
12.6.2020
A leading South Korean professor from the Hongik University does not believe cryptocurrencies are safe from market recession
South Korean Police on the Hunt for Ethereum Crime Ring Masterminds
12.6.2020
The Seoul Metropolitan Police seize two unnamed local crypto exchanges in an effort to dismantle an ETH-related crime ring
South Korean Insurance Giant to Use Blockchain Tech for Mobile Messages
11.6.2020
South Korean insurance giant KB Insurance plans to implement a blockchain-enabled mobile message delivery system for its clients
South Korean Merchants Open to Accepting Digital Yuan
10.6.2020
An article published by Yonhap suggests that South Korean merchants are open to accepting digital yuan as a payment method in the near future
South Korea’s NH Bank Forms Blockchain Financial Services Consortium
10.6.2020
The South Korean NH NongHyup Bank has announced a memorandum of understanding to research and develop blockchain-based financial services through a new consortium
South Korea Edges Closer to CBDC Rollout Without Any Comitment
9.6.2020
The Gwangandaegyo or Diamond Bridge in Busan, South Korea. The South Korean central bank has reaffirmed its digital currency plans – but continues to add disclaimers, refusing to commit to launching a digital version of its won fiat currency.
Per newspaper Hankyoreh, the central Bank of Korea (BOK)...
South Korean City Opens Public Services to Blockchain-Based ID App
9.6.2020
South Korea’s second-largest city, Busan, will let its citizens access government services using a blockchain-based identification app developed by Coinplug
NFT Marketplace Opens Korea's Multi-Billion Gaming Industry to Crypto
8.6.2020
A Korean blockchain game company has launched a native NFT marketplace for Korea’s multi-billion dollar game sector
South Korean Crypto Exchange Is First to List Kakao’s Token
6.6.2020
Kakao’s KLAY token is now trading with a South Korea won pairing despite the country’s restrictions on ICOs
Crypto Integration Brings Thousands of New Users to Popular Chat App
4.6.2020
The 100k user milestone represents 2% of Kakao’s current user base in South Korea
Decentralized Identity Could Replace All Login Functions, Says LG
3.6.2020
A representative of LG’s information technology subsidiary LG CNS told Cointelegraph that blockchain-based identity systems could replace all login functions
Binance Korea Deploys Anti-Money Laundering Tool from Regtech Company Coinfirm
3.6.2020
Blockchain analytics provider Coinfirm will help Binance Korea better comply with anti-money laundering rules
South Korean Prosecutors Freeze Crypto Wallets of Suspected Child Porn Ring Chief
2.6.2020
A Seoul court granted the petition demanded by the prosecutors to freeze crypto wallets owned by the head of the Nth Room case
Exclusive: Binance Korea to Integrate Coinfirm Real-Time AML Monitoring
1.6.2020
Binance Korea will be using an anti-money laundering solution developed by Coinfirm, as the country requires a high level of regulatory compliance for crypto
Samsung May Have Appointed New Blockchain Leadership
30.5.2020
South Korean tech titan names Woong Ah-yoon as the head of their blockchain division
South Korea to Start Taxing Bitcoin Profits in 2021
29.5.2020
South Korea will start taxing profits from bitcoin (BTC) and other cryptocurrencies next year, according to local media reports. The taxation will also apply to bitcoin mining operations and income from initial coin offerings, should it be approved by Parliament. South Korea’s Ministry...