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Nalezeno "south korean": 1017

South Korean Committee Passes Bill Enforcing FATF Crypto Rules

27.11.2019
South Korea’s national policy committee has passed an amendment establishing a legal framework for cryptocurrencies. It requires crypto exchanges and service providers to register with the country’s financial regulator and comply with the recommendations set by the Financial Action Task...

Big South Korean Companies Continue Blockchain Spending Drive

18.11.2019
South Korea’s biggest businesses are continuing to dominate the nation’s blockchain industry. Per news outlet Maeil Kyungjae, the country’s Software Policy & Research Institute has revealed that seven out of South Korea’s top 10 largest companies have begun integrating blockchain technology...

South Korean Exchange CEO Sentenced to 16 Years in Prison

13.11.2019
A South Korean district court has sentenced executives of a local crypto exchange to prison. The CEO of the exchange got a 16-year jail sentence while other executives and their accomplices got between six and 11 years. They duped thousands of investors, promising them up to 200% return within...

8 South Korean Crypto Exchange Execs Jailed in USD 386m Fraud Wrap

12.11.2019
Source: iStock/st_lux A court in South Korea has jailed the head of cryptocurrency exchange Coinup for 16 years, after convicting him of fraud. Eight other executives from the exchange were also given jail time, with the company’s vice president given an 11-year prison term. The Seoul court ruled...

Korean Presidential Committee Pushes to Legalize Crypto

31.10.2019
A South Korean presidential committee is pushing for the government to establish legal status for cryptocurrency to stay competitive globally. So far, the government’s policies have been risk-focused to curb speculation, which the committee says must change. Also read: China Ranks 35 Crypto...

800+ South Korean Companies Dealing in Crypto Despite ‘Dead’ Market

22.10.2019
South Gate of Seoul. Over 800 South Korean companies are doing business in cryptocurrencies, per figures compiled by the regulatory Financial Supervisory Service (FSS). Aju News reports that a parliamentary committee asked the FSS to reveal how many companies in the country had corporate...

South Korean Trade to Venture into Blockchain by 2021, Says Government

16.10.2019
South Korean Trade finance is about to take a leap in the blockchain according to the news by the local press. The government is on a spree to consolidate a foundation for seamless digital trade, at the same time cutting down the blockchain costs by around 90%, with introducing blockchain...

Five Major South Korean Banks Join JPMorgan Blockchain Project

23.9.2019
Five of South Korea’s biggest banks have joined JPMorgan’s cross-border, blockchain-powered payments initiative, the Interbank Information Network (IIN). The network operates on Quorum, a platform based on the Ethereum blockchain. According to an Fn News report, KEB Hana Bank, Shinhan Bank, Woori...

OKEx Korea Axes Privacy Coins as South Korean Purge Intensifies

16.9.2019
The South Korean branch of cryptocurrency exchange OKEx says it will delist five privacy coins as of October this year, saying they “violate regulatory laws.” The exchange announced that it will delist Monero, Dash, ZCash, Horizen and Super Bitcoin as of October 10, and has set a December...

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