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Beyond the Law Star Steven Seagal Settles With SEC + More News
27.2.2020
Beyond the Law movie poster. Steven Seagal is in the middle.
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.
Legal news
The U.S. Securities and Exchange Commission (SEC) settled...
‘Mass South Korean Crypto Closures’ to Follow if Legislation Delayed
27.2.2020
South Korean cryptocurrency industry insiders are warning that the country’s failure to introduce crypto laws could be cataclysmic, with “mass bankruptcies” likely.
As Cryptonews.com reported yesterday, the South Korean National Assembly’s schedule has been thrown into turmoil by an outbreak of...
South Korean Tax Policy Association Proposes Two-Step Tax on Cryptocurrencies
25.2.2020
Cryptocurrency is here to stay in South Korea as tax experts are looking into how to tax traders
South Korean Startup Contents Protocol Team Announces Closure
19.2.2020
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’
18.2.2020
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
4.2.2020
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
3.2.2020
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
3.2.2020
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...
New Law May Kill Smaller South Korean Crypto Exchanges + More News
28.1.2020
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.
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
22.1.2020
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.
Cryptocurrency news
A South Korean blockchain authentication solution developed by a private company will be adopted by...
South Korean Bankers 'Fear' Starbucks Crypto Threat
21.1.2020
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...
Bitcoin.com Partners With Mecon Cash, Enabling BCH to Korean Won Withdrawal at Over 13,000 ATMs Across South Korea
20.1.2020
Bitcoin Cash has been added to Mecon Cash’s M.Pay platform which is integrated with over 13,000 ATMs in South Korea. By making bitcoin cash usable for withdrawing won across the country, Mecon Cash is ensuring that BCH users in Korea can always make urgent and small transactions in any place...
South Korean Firms Use Blockchain Technology To Safeguard Online Gaming
16.1.2020
Leading tech startup Bloom Technology and game studio Bluside have announced the news about their collaboration focused on employing the expertise of blockchain technology to the new Kingdom Under Fire game. The two reputed South Korea-based firms have teamed up to infuse blockchain technology into...
Constitutional Court to Rule on Legality of South Korean Crypto Ban
14.1.2020
South Korea’s Constitutional Court is set to pass judgment on the legality of measures taken by the country’s government during its partial crypto crackdown of late 2017 to 2018.
Seoul intervened with a series of emergency measures during the late 2017 bull run, which saw a massive spate of South...
South Korean Crypto YouTuber’s Attacker Flees to Australia + More News
13.1.2020
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.
Crime news
There have been further developments in the case of a South Korean cryptocurrency YouTuber who was left badly injured...
Bithumb Pledges $8M to South Korea’s ‘Regulation-Free’ Blockchain Zone
10.1.2020
South Korean cryptocurrency exchange Bithumb has pledged to invest roughly $8 million into the Busan blockchain zone. The region was recently declared “regulation-free” by the national government and modeled after the Switzerland town of Zug. Bithumb’s subsidiary GCX Alliance will...
How Much Do South Korean Cryptocurrency Exchange Employees Make?
8.1.2020
Barely a day goes by without news coming out of South Korea’s cryptocurrency exchanges. The country has a wide array of trading platforms, mostly based in the affluent Gangnam region of Seoul, housed in plush, shiny new office buildings.
But in this hyper-competitive, super-trendy trade, who pays...
Korean Presidential Committee Pushes to Make Cryptocurrency Mainstream
8.1.2020
A South Korean committee directly under the president has recommended several measures to the government that will make cryptocurrency mainstream. Emphasizing that “it is no longer possible to stop crypto asset trade,” the committee recommends integrating crypto into the country’s...
Major South Korean Crypto Exchange Bithumb Launches R&D Center
7.1.2020
Bithumb, a major South Korean crypto exchange, is launching its own R&D center for cryptocurrencies and blockchain technology
South Korean Presidential Commission Wants to Bring Crypto Into Mainstream Finance
6.1.2020
Financial institutions should be allowed to launch cryptocurrency products, such as derivatives, according to a government advisory body