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BRICS to Strengthen Economic Cooperation — Sherpa Calls for Increased Trade in National Currencies
18.5.2023
South Africa’s BRICS Sherpa says one of the priorities at the upcoming BRICS summit is “to strengthen economic cooperation.” He added: “We need a stable global financial architecture, a global financial arena. That is why we say that we need to trade in our own currencies.” He also believes that...
South Korean Lawmakers ‘Must Declare’ Crypto Holdings – ‘Coin Gate’ Fallout Continues
18.5.2023
South Korean lawmakers will likely be “obliged” to declare their crypto holdings following a national outcry over alleged “insider trading.”
The National Assembly’s Political Affairs Committee has co-created a resolution that would create a “voluntary” system whereby they are requested to report...
South Korean Prime Minister calls for disclosure of crypto holdings by high-ranking officials
17.5.2023
Prime Minister Han Deok-soo reportedly believes that including cryptocurrency in property registration is the right thing to do
Korean Crypto Exchanges Upbit, Bithumb Raided Over Lawmaker’s Crypto Dealings
17.5.2023
South Korean prosecutors have raided two of the country’s largest coin trading platforms within an investigation into the crypto investments of a politician. They seized materials from Upbit and Bithumb amid suspicions of wrongdoing related to the lawmaker’s cryptocurrency holdings. South Korean...
BRICS Nations Discuss Expansion Plan as Membership Interest Grows
17.5.2023
The BRICS countries are developing guidelines in response to increasing demand from countries seeking to join, according to South Africa’s Foreign Affairs Minister Naledi Pandor. “BRICS is attracting a lot of interest from a number of countries, and our sherpas are working on...
Samsung and Bank of Korea Partner for In-Depth Offline CBDC Payments Research
16.5.2023
Samsung Electronics and the Bank of Korea have inked a partnership to research Central Bank Digital Currency (CBDC) technology that could facilitate offline transactions.
On Monday, the two companies signed a memorandum of understanding at Samsung’s headquarters south of Seoul, according...
South Korean authorities raid Upbit, Bithumb crypto exchanges after political scandal
15.5.2023
The raids came as a local lawmaker stepped down from politics amid accusations of allegedly selling millions in cryptocurrency before new laws were enforced
Today in Crypto: Samsung Reportedly Partners with Bank of Korea on Offline CBDC Payments, G7 Discussing Crypto, China to Train 500,000 Blockchain Professionals
15.5.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Samsung Reportedly Partners with Bank of Korea on Offline CBDC Payments, G7 Discussing Crypto, China...
South Korea Probes Crypto Exchanges Upbit, Bithumb on Ex-Lawmaker's Transfers
15.5.2023
Lawmaker Kim Nam-kuk resigned from the opposition party after his crypto transfers incited controversy
South Korean lawmaker leaves political party amid crypto investment controversy
15.5.2023
A lawmaker allegedly sold over $4 million in cryptocurrency prior to the country's enforcement of the "Travel Rule" by the Financial Action Task Force
South Korean Politician Quits Party Over Crypto Scandal
15.5.2023
A member of the South Korean parliament is leaving his party amid mounting allegations of massive crypto investments inconsistent with his frugal public image. The controversy, which has caught the attention of the Korean society, involves accusations of conflict of interest and other...
Samsung to research South Korea's CBDC for offline payments
15.5.2023
The collaboration will have both parties researching the offline capabilities of CBDC issued by South Korea’s central bank
South African Currency Plunges to New Low Versus the Dollar a Day After the US Accused Country of Secretly Supplying Ammunition to Russia
14.5.2023
The South African currency’s exchange rate versus the U.S. dollar plunged to a new all-time low of ZAR19.51:US$1 on May 12. The rand’s latest fall came a day after the U.S. ambassador to South Africa accused the country of secretly supplying weapons to Russia. Banking giant JP Morgan...
LG Electronics files patent for NFT-trading TV
12.5.2023
The information was published on WIPO's global database for intellectual property on May 11, 18 months after LG filed its application
Do Kwon's lawyers propose $436K bail as authorities prepare for June trial
11.5.2023
Lawyers said Do Kwon and Han Chang-joon could be released on bail and largely confined to a Montenegro apartment with the “obligation to periodically report to the state authority.”
South African Minister Tells BRICS Nations Not to Rush Decision on Common Currency
11.5.2023
The South African minister of international relations, Naledi Pandor, has urged Brazil, Russia, India, China and South Africa (BRICS) countries to be wary of making a hurried decision when they meet in August to discuss launching a common currency. Pandor said her country will “not shy away...
Seoul Court Greenlights Seizure of Do Kwon’s Assets Worth $176 Million
11.5.2023
According to a local report, South Korean prosecutors have been given the green light by the Criminal Division of the Seoul Southern District Court to seize assets owned by Do Kwon, the co-founder and former CEO of Terraform Labs. The report discloses that a total of 233.3 billion won ($176...
BRICS Leaders Set to Discuss Common Currency to Challenge US Dollar Dominance in Upcoming Summit
11.5.2023
The BRICS nations are set to discuss the feasibility of a common currency at the upcoming leaders’ summit. “It’s a matter we must discuss and discuss properly,” a South African minister stressed, noting that a growing number of countries are saying: “Why can’t we trade in our own currencies?...
South Korean Assembly Member Under Fire for Alleged Crypto Insider Trading
9.5.2023
South Korean lawmaker Kim Nam-kuk has found himself in hot water after being accused of performing suspicious crypto trades worth about KRW 6 billion ($4.5 million). ...
Read More: South Korean Assembly Member Under Fire for Alleged Crypto Insider Trading
South Korean lawmaker allegedly cashed out while legislating on crypto: Report
8.5.2023
National Assembly member Kim Nam-kuk had authority in handling laws related to digital assets in South Korea, reportedly backing a bill proposing a 20% crypto gains tax be deferred