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Samsung to Aid Bank of Korea in Central Bank Digital Currency Pilot Program
16.8.2021
Samsung, the Korean tech giant, has decided to participate in a central bank digital currency (CBDC) program that is being carried out by the Bank of Korea. The company will be testing the feasibility of using these new instruments in its lineup of Galaxy phones, specifically assessing...
Korean internet giant Kakao expands blockchain presence to Singapore
16.8.2021
Kakao wants to keep up with the enterprise blockchain competition in Asia as it eyes expansion to Singapore
Binance halts KRW pairs amid tightening crypto exchange regulations in Korea
13.8.2021
The crypto exchange giant said the decision was part of efforts aimed at proactive compliance with regulatory demands
Binance Discontinues Crypto Products and Services in South Korea
13.8.2021
On August 13, the cryptocurrency exchange Binance revealed it is ending a great number of services in South Korea. The company noted in the announcement that it evaluated local regulations and “will discontinue the following offerings in Korea, effective immediately.” Binance Ends...
South Korea’s crypto regulation is now expanding to foreign businesses
13.8.2021
Any overseas activity outside Korea that has domestic effects or consequences shall be subject to the amended crypto regulation
Dvision Network to Host “Live Debate” on Cryptocurrency Legislation Organized by Korean National Assembly
12.8.2021
PRESS RELEASE. The blockchain-based metaverse Dvision Network is set to become part of history in what promises to be an action-packed event. The NFT metaverse will be hosting the ‘’Live debate’’ on the Cryptocurrency Legislation and Improvement Measures organized by...
South Korean banks doubled crypto transaction fee revenue in Q2
10.8.2021
Shinban Bank, K bank and NH Nonghyup Bank reported a total revenue of 16.9 billion won coming out of partnerships with four crypto exchanges
The Ascent Is Gorgeous But Its Signs Are Nonsense
9.8.2021
The Ascent is a pretty dang good twin-stick shooter, but some Korean-speaking players have taken issue with the cyberpunk game’s liberal (and sometimes downright incorrect) use of the language.Read more
Samsung ‘Will Join Kakao’ to Trial Offline Payments for S Korea’s CBDC
6.8.2021
Source: Adobe/S_E
Two Samsung affiliates are reportedly set to join a number of Kakao subsidiaries in piloting the Bank of Korea (BOK)’s central bank digital currency (CBDC) prototype – with reports claiming the electronics giant will test offline payments made using its Galaxy smartphones.
Per...
South Korea’s Ruling Party Hints at Increased Crypto Leniency
4.8.2021
The ruling South Korean Democratic Party’s crypto task force is discussing a plan to “institutionalize corporate transactions” on crypto exchange platforms with the nation’s nine leading exchanges – a further sign, perhaps of an impending regulatory climbdown.
More details of a key meeting held...
Korean Regulator to Shut Down 11 Cryptocurrency Exchanges Ahead of Regulatory Deadline
3.8.2021
South Korea’s top financial regulator will shut down 11 cryptocurrency exchanges allegedly engaged in fraudulent bank account schemes, local media reported. Meanwhile, the deadline for all crypto exchanges to comply with the country’s regulation is drawing near and most of them have...
South Korean regulator to reportedly shut down 11 crypto exchanges
2.8.2021
Sources claim that several mid-sized crypto exchanges in South Korea would not be able to get approval from the FSC
Signs of a Crypto Regulatory Climbdown from South Korea’s Ruling Party
28.7.2021
South Korean ruling party’s crypto task force has met with a number of major domestic crypto exchanges – an indication that it could advise the government to revise or even soften its hardline policy on regulation.
As reported, the next South Korean presidential election is scheduled to take place...
South Korea Proposes Law Allowing Direct Seizure and Sale of Crypto Assets to Pay Overdue Taxes
28.7.2021
The South Korean government has proposed an amendment to the tax code to allow the country’s tax authority to seize and sell cryptocurrencies belonging to delinquent taxpayers. “The revision will allow direct seizing without court-approved change in ownership records. Assets held by...
New rules could permit Korean gov’t to seize tax evaders’ crypto
26.7.2021
South Korea examines ways to expand its tax base, with proposals to strengthen the government’s ability to seize tax evaders’ crypto assets directly from their personal wallets
KFC Korea and TriumphX marketplace sign deal to develop NFT content
23.7.2021
KFC wants to promote its branding to Koreans through nonfungible tokens
South Korea to take action against unregistered crypto exchanges
22.7.2021
Crypto exchanges operating in the country that do not register by September 24 face potential fines or even jail time
South Korean Regulators Warn Dozens of Foreign Exchanges to Comply With New Rules
22.7.2021
Overseas crypto exchanges marketing to Koreans will be blocked if they fail to comply with new South Korean regulations. The country’s anti-money laundering body has sent a notice to a number of foreign trading platforms warning them a registration is mandatory in order to provide services...
Former Ethereum Developer Virgil Griffith Arrested for Signing Into His Coinbase Account: Report
21.7.2021
According to reports stemming from investigative journalist Matthew Russell Lee, from Inner City Press, former Ethereum developer Virgil Griffith has violated the terms of his bail and has been taken into custody. According to the reports, the U.S. Attorney’s Office revoked Griffith’s...
ETH developer Virgil Griffith back in jail after allegedly checking Coinbase account
21.7.2021
Griffith will likely spend the next two months in jail before his trial in September