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Nalezeno "south korean": 1017

South Korean Crypto Tax May Be Delayed after Parliamentary Intervention

25.11.2020
South Korean crypto investors could receive a welcome stay of execution from new crypto taxes – with parliamentarians pushing Seoul to postpone a much-maligned crypto tax reporting act. Per the Dong-a Ilbo, a leading South Korean parliamentary committee has made a late intervention in the matter...

Crypto-keen South Korean Travel Unicorn Sets Sights on 2021 IPO

20.11.2020
Source: A screenshot, Instagram/yanolja.official Yanolja, one of South Korea’s biggest travel firms and fastest-growing, most crypto-keen unicorns, is heading for an initial public offering (IPO) next year. Per Newsway, Yanolja, which operates its own digital token-powered rewards program,...

South Korean Government Has Plans to Nurture Blockchain Unicorns

19.11.2020
Source: Adobe/s_lena A South Korean minister has talked about the government’s intention of fostering “blockchain unicorns” as part of its medium-term strategy to boost growth and mitigate the devastating effects the coronavirus pandemic is set to take on the nation’s small and medium-sized...

South Korean SME Minister Sings Praises of Blockchain-powered Payments

13.11.2020
A South Korean minister has been championing blockchain-powered payments, claiming they have the power to transform the business landscape for smaller businesses in the country. Per News1, the comment came from the country’s Minister of Small and Medium Enterprises and Startups Park Young-sun,...

‘Dozens’ of Arrests as South Korean Police Swoop on Bogus Ethereum Fund

5.11.2020
South Korean police have closed the net on an alleged ethereum (ETH) scam operation named EtherWallet, making “dozens” of arrests nationwide in suspected USD 44.5 million fraud wrap. Some 3,000 victims have been identified, the police said. The Seoul Metropolitan Police Agency has been formally...

‘Arbitrary’ Ruling May ‘Force South Korean Crypto Exchanges to Close’

4.11.2020
South Korean crypto-related firms said they are concerned that banks are being given too much power by the country’s financial regulators. In the latest regulatory rulings unveiled this week, regulators stated that banks would be obliged to decide whether or not they want to do business with crypto...

South Korean Doctor Says Blockchain ‘Must Be Used’ to Fight Crisis

3.11.2020
A South Korean doctor said that it is an “inevitability” that medics in the country will turn to blockchain and other industry 4.0 technology advances in the wake of a flu vaccine error that has killed at least 59 people. Kim Mi-ri, an ear, nose and throat specialist who works in Seoul’s busy...

South Korean Regulator Bans Privacy Coin Trading, Beefs up Crypto AML

2.11.2020
South Korea’s financial regulator is flexing its muscles with a series of new amendments to forthcoming crypto regulations – with new anti-money laundering (AML) provisos and a ban on privacy coin trading. On Monday, Per Fn News and ZDNet Korea, as well as Paxnet, the regulatory Financial Services...

Leading South Korean Hospital Group Readies Blockchain Move

30.10.2020
South Korean hospitals could be set to usher in a new era of industry 4.0-era healthcare, and will look to use blockchain technology to upgrade the quality of the medical care they provide. Taking the lead is one of the country’s most prestigious hospital groups, Yonsei Medical Center, whose Vice...

South Korean, Mongolian Banks Prepare Crypto, Digital Fiat Offerings

29.10.2020
The Genghis Khan Equestrian Statue in Ulaanbaatar, Mongolia. Asian banks are edging yet closer to crypto and digital currency adoption – with South Korean and Mongolian banks unveiling ambitious new developments in the wake of reports of the launch of Singaporean giant DBS’ forthcoming digital...

EY, Samsung SDS & Naver-Line Consortium Bids to Test South Korean CBDC

22.10.2020
There has been mixed news for the central Bank of Korea (BOK) as it prepares to launch its first pilot for the digital won. The bank is still yet to make an official decision on whether it will actually launch the central bank digital currency (CBDC) or not, but recently claimed that it would...

South Korean MP Calls Tax Authority's Bithumb USD 67m Bill ‘Baseless’

9.10.2020
South Korean trading platform Bithumb has won a powerful supporter in its quest to fight an unprecedented multi-million tax bill after an MP and parliamentary finance committee member claimed the nation’s tax authority’s USD 67m tax bill – served to the crypto exchange late last year – has no legal...

South Korean Central Bank to Launch CBDC Pilot in 2021

7.10.2020
The South Korean central bank, the Bank of Korea (BOK) has announced that it is to begin a central bank digital currency (CBDC) pilot next year, in conjunction with major firms and domestic banks. Per Seoul Shinmun and the Fourth Journal, the BOK has stated that it has completed the design...

South Korean MP Calls on Seoul to ‘Urgently’ Boost Crypto Innovation

7.10.2020
Korean lion dog statue and the National Assembly building, Seoul. A politician has called on South Korea to “urgently” prioritize the development of crypto security technology – stating that blockchain-powered finance is now an inevitable reality for the country, and the rest of the world. Lee...

South Korean Bank NH Launches Blockchain-powered Document Wallet

29.9.2020
South Korean financial services provider Nonghyup (NH Bank) has begun issuing over a dozen forms of digital certificates using a blockchain-powered system and an e-wallet that will be able to hold hundreds of types of blockchain-verified forms of authentication. Per the Electronic Times, the bank’s...

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