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South Korean Court Sends Bogus Crypto Exchange Chiefs to Prison
27.8.2020
In what has been a torrid week for South Korean crypto exchanges, the CEO and the executive director of a legitimate-looking trading platform have been sent to jail for three and two years respectively – after a court found them guilty of duping investors with a bogus exchange.
A branch of...
US Democrats Want Info on Confiscated Crypto, Bakkt's Record + More News
26.8.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Regulation news
US congressmen Josh Gottheimer and Emanuel Cleaver, both from the Democratic party, have requested the Trump administration...
Industry ‘Under Threat’ as South Korean Police Raid Crypto Exchange
26.8.2020
Police in South Korea have raided the offices of Coinbit, a South Korean crypto exchange, under suspicion of widespread market manipulation.
The exchange was set up in 2018 by gaming firm Axia, and has risen to become one of the most promising of the chasing pack of exchanges behind market leaders...
South Korean Exchange Coinbit Seized Over Allegations of Fraud
26.8.2020
South Korea's third largest crypto exchange, has reportedly been seized by police over allegations it faked transaction volumes
This South Korean City is Spending Millions to Turn People Into Blockchain Experts
20.8.2020
Daegu is still in the race for blockchain dominance
South Korean Banks to Launch Crypto Services ‘Before Year Is Out’
17.8.2020
Multiple South Korean banks could launch crypto custody services by the end of 2020 of March next year “at the latest,” after a “significant change in tone” has led the banking sector to move toward crypto business with alacrity.
Per a report from the Electronic Times, crypto custody is now a...
4 of South Korea’s Largest Banks to Provide Cryptocurrency Services
16.8.2020
Four of the top five South Korean banks have reportedly announced their plans to provide cryptocurrency services. The announcements came ahead of the crypto regulation that will soon go into effect in South Korea. Largest Korean Banks Entering Crypto Space South Korea’s largest banks have...
Major South Korean Chat App Bets Big on NFT-Based Stock Trading
15.8.2020
The race for blockchain adoption is on in South Korea
Four of the Top Five South Korean Banks to Offer Crypto Services
14.8.2020
Two more South Korean banks are looking at crypto custody options
Two More Major South Korean Banks Keen on Crypto Custody
14.8.2020
Another two major commercial South Korean banks have expressed an interest in launching crypto custody services – but industry experts said they may be making their moves too late, and are lagging behind the American banks.
As previously reported, two other commercial banks – Nonghyup and Kookmin...
Big South Korean Companies Preparing For 'Crypto-powered' Era
12.8.2020
More and more big South Korean companies are registering trademarks for crypto exchanges, wallets and other crypto-related services in an attempt to "prepare for the upcoming era of crypto asset-powered finance," per a new report.
According to Chosun, recent moves from conglomerate...
South Korean’s Silicon Valley Turns to Blockchain-powered Pay
11.8.2020
Seongnam, a major satellite city on the outskirts of the capital Seoul, South Korea, is set to expand its blockchain-powered payment program with a new digital gift certificate issuance project.
The new platform will make use of an app called Chak, and will be built by the Korea Minting...
South Korean Highways Will Have Blockchain-Powered Toll Payments
9.8.2020
One of the biggest commercial banks in South Korea has partnered with the Korea Expressway Corporation for a blockchain-based toll system
South Korean Beachgoers Can Now Use Bitcoin to Pay for Services
9.8.2020
The Haeundae Beach System in Busan is part of a pilot project that aims to offer crypto payment solutions to beachgoers in the summertime
Major South Korean Bank Joins the Crypto Custody Business
8.8.2020
We’re suddenly seeing banks lining up to support crypto custody, and KB Kookmin Bank is looking to get in on the action
Blockchain-based Pay’s the Way for South Korean Highways
7.8.2020
Blockchain-powered payments are coming to South Korea’s highways – with the nation’s motorway operator sealing a deal that will see it use blockchain technology to power toll payments across the country before the end of the year.
Per D Daily, KEB Hana Bank, one of the nation’s biggest commercial...
How a South Korean Crypto Firm Became a Global Face Mask Exporter
4.8.2020
A “medium-sized” South Korean crypto firm that built a facial mask factory as a response to the coronavirus pandemic has doubled down on its new line of business – and has won Amazon approval to start exporting its personal protective equipment to “Europe and the United States,” as well as approval...
South Korean Politician Pushes for Tougher Crypto Exchange AML Rules
4.8.2020
Source: Adobe/david_franklin
More restrictive anti-money laundering (AML) compliance measures could be incoming for South Korean crypto exchanges after a lawmaker lodged a private member’s bill in the National Assembly.
The National Assembly, South Korea’s parliament, will likely debate and vote...
Pack Your Bitcoin: Busy South Korean Beach Says ‘Yes’ to Crypto
29.7.2020
Haeundae Beach. Holidaymakers at Haeundae, South Korea’s busiest and most popular beach, will be able to pay for services such as sun umbrella and inflatable tube rentals in bitcoin (BTC), ethereum (ETH) and other tokens next month.
Haeundae Beach, in South Korea’s second city Busan, is a...
Stablecoin Adoption Skyrockets in Rural South Korean Province
28.7.2020
A South Korean county with a population of mostly elderly residents has seen a strong rise in stablecoin adoption