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Is the South Korean Government Teaching Children How to Use Crypto?
16.3.2020
Source: iStock/recep-bg
A revamped learning resource platform aimed at boosting entrepreneurship in elementary and middle school pupils teaches children how to raise digital tokens in online crowdfunding incentives.
Per Yonhap, the platform, which went live on March 16, aims to nurture “young...
New South Korean Crypto Law May ‘Force 190 Exchanges to Close’
12.3.2020
While much of the South Korean crypto community is still celebrating the introduction of the country’s first-ever piece of crypto-specific legislation, others are warning that the overwhelming majority of crypto exchanges will likely go under once the new laws’ banking stipulations come into...
Bithumb Partners With Chainalysis Amid Tightening Korean Regulations
11.3.2020
Korean exchange Bithumb has partnered with Chainalysis to monitor transactions and ensure compliance with new South Korean regulations
South Korean Gaming Giant Unveils Two Mobile Blockchain Games
9.3.2020
WeMade Tree, the blockchain arm of South Korean gaming giant WeMade, has announced that it will release two new major blockchain-powered mobile gaming titles.
Per Sports Kyunghan, the two titles will be named Bird Tornado for WEMIX and Aqua for WEMIX.
WEMIX is Wemade Tree’s new blockchain-powered...
South Korean Lawmakers Greenlight Strict Crypto AML Bill
5.3.2020
South Korean lawmakers voted to place tough new requirements on cryptocurrency exchanges, adding legitimacy to the country’s sprawling crypto economy – and potentially triggering a market consolidation
Breaking: South Korean Parliament Passes ‘Landmark’ Crypto Bill
5.3.2020
In a dramatic turnaround, the South Korean parliament, the National Assembly, has voted in favor of the country’s first cryptocurrency-specific legislation in the past few hours.
The amended Special Financial Transactions Information Act, which was approved by a National Assembly finance committee...
US Charges North Korea-Linked Chinese Nationals for Laundering Over $100 Million in Stolen Cryptocurrency
3.3.2020
The U.S. government has charged two Chinese nationals involved in laundering stolen cryptocurrency worth $100 million from an exchange allegedly for the benefit of North Korea. They are linked to the U.S.-designated North Korean state-sponsored Lazarus Group. A total of 113 cryptocurrency accounts...
US Treasury Department Blacklists 20 Bitcoin Addresses Tied to Alleged North Korean Hackers
2.3.2020
The U.S. Treasury Department's Office of Foreign Asset Control has added two individuals and 20 bitcoin addresses to its sanctions list, accusing them of being part of the North Korea-affiliated Lazarus Group
13,000 South Korean ATMs to Enable Litecoin Withdrawals
28.2.2020
Source: iStock/Ja'Crispy
Litecoin (LTC), the cryptocurrency created by Charlie Lee to be the “silver to Bitcoin’s gold” back in 2011, may be about to see more real-world use as more than 13,000 ATMs in South Korea enable LTC withdrawals directly to Korean won (KRW).
The Litecoin Foundation said...
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...
Ripple ‘Enters’ S Korean Blockchain Biz with Remittance Startup Deals
26.2.2020
Ripple (XRP) says that it has arrived on the South Korean blockchain scene in earnest after penning deals with a number of startups in the country.
The American company has inked agreements with Sentbe, Hanpass and WireBarley, three South Korean companies that work on overseas remittance...
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
Korean ICO Project Shuts Down, Says ‘Negative Perceptions’ of Crypto Made Business Impossible
19.2.2020
Contents Protocol will refund approximately $7.5 million-worth of ether back to investors
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...
Korean ICO Contents Protocol Shuts Down, Will Return $7.5M to Holders
19.2.2020
South Korean ICO project Contents Protocol will return the majority of its initial funds to token holders
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...
New Report Finds North Korean Mining of XMR Increased Tenfold in 2019, Online Activity 300%
13.2.2020
A report published by cybersecurity organization Insikt Group claims internet use in North Korea has grown significantly in the past three years. The group cites a “300% increase in the volume of activity to and from North Korean networks since 2017,” and part of this activity involves...
North Korean Internet Use Spikes 300% as Regime Turns to Cryptocurrencies
11.2.2020
According to a new report, North Korean internet usage is up as state actors use it as a means for raising revenues and skirting sanctions
North Korean Hackers Created Realistic Trading Bot to Steal Money
5.2.2020
North Korean hackers created a realistic trading bot website to phish DragonEx employees