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South Korea Finds Itself in a Tough Spot Following Huawei Ban
29.5.2019
The banning of Huawei by the United States has sparked off a meltdown in the markets, but it has also made life uncomfortable for a range of countries which fear diplomatic awkwardness due to the issue. South Korea is one such nation, and currently, the Asian country finds itself in a tough spot...
G20 Countries to Follow FATF to Devise Integrated Crypto Standards
29.5.2019
The assembly of 20 biggest economies of the world, G20, has decided to announce regulations on cryptocurrencies to counter financial terrorism and money laundering in their last meeting. The members are now discussing how to devise the standards that were set by the FATF as the next G20 summit...
G20 Countries Start Implementing Unified Cryptocurrency Standards
29.5.2019
As the G20 summit approaches, member countries have been discussing how to implement the standards set by intergovernmental organizations such as the Financial Action Task Force. While there may be some challenges in complying with the standards, the European Central Bank says the risks crypto...
South Korea’s Bitcoin Trading Volumes on LocalBitcoins Reach New Record Levels
28.5.2019
Bitcoin trading volumes in South Korea have recorded record highs on P2P exchange LocalBitcoins
Korean Government Plans Action Over Risks of Resurgent Crypto Market
28.5.2019
With the price of bitcoin surging, the South Korean government has held an inter-agency emergency meeting over the risk for investors
South Korea Convenes Pan-Governmental Meeting Amid Concern Over Crypto Market Spike
28.5.2019
A South Korean pan-governmental meeting has reportedly been held to establish closer monitoring of the country’s crypto space amid the recent sharp uptick in crypto valuations
South Korea’s Shinhan Bank Turns to Blockchain to Speed Up Loan Issuance
28.5.2019
Shinhan, one of the oldest and largest banks in South Korea, is using blockchain technology to speed up the approval process for loan products.
South Korean Won Gets Hammered With Increase In Foreign Investments
27.5.2019
The rise in trade by South Korean investors in foreign stocks and bonds in the previous quarter is threatening to push the Won currency further down. An increase of 51 percent was observed in foreign stocks and bond trades by Korean investors in the last three months alone according to data...
Korea’s Oldest Bank Launches National Blockchain-Based Loan Platform
27.5.2019
Korea’s oldest bank, Shinhan Bank, launched the country’s first blockchain-based lending platform to speed up the loan process
South Korean Gov’t Announces Second Study Group for Blockchain Regulations
22.5.2019
The South Korean government is running a second study on blockchain regulations, examining applications in logistics, healthcare, finance and energy
Seoul to Implement Blockchain in Citizen Cards, the Mayor Reveals
20.5.2019
The capital of South Korea plans to implement blockchain tech in an authentication system for citizen cards, the mayor of Seoul has revealed
Secretariat Under UN Agreement to Reward Users for Climate Action With Crypto
16.5.2019
The Secretariat of the UN Framework Convention on Climate Change signed an MoU with the W-Foundation to promote global climate action projects using crypto
Major Crypto Exchange in Korea Shuts Down: 2018 Was a Nightmare for Most
16.5.2019
The shut down of a major crypto exchange in South Korea in April showed the impact a prolonged bear market could have on crypto businesses. 4 of South Korea’s top 5 exchanges recorded big net losses
Upbit Exchange Operator Plies $46 Million Into Blockchain in First Year of Investment
15.5.2019
South Korea’s Upbit exchange operator has so far stumped up blockchain funding worth $46 million
Upbit Operator Dunamu Invested $46 Million in Blockchain Startups in Last Year
15.5.2019
South Korean firm Dunamu, operator of cryptocurrency exchange Upbit, says it invested $46 million in 26 blockchain startups over the last year
Samsung’s Budget Smartphones Will Reportedly Have Cryptocurrency and Blockchain Features
14.5.2019
South Korean consumer electronics giant Samsung will reportedly add cryptocurrency and blockchain features to its budget smartphones
HTC Debuts Smartphone In-Wallet ERC-20 Token Swaps
14.5.2019
Consumer electronics giant HTC is rolling out in-wallet cryptocurrency trading for users of its Exodus 1 smartphone
South Korean Internet Giant Kakao’s Blockchain Platform to Launch in June
14.5.2019
The mainnet of Kakao’s blockchain platform Klaytn is set to launch in June of this year
Lawmaker Offers New Hope for ICOs in South Korea
13.5.2019
South Korean National Assembly building. Another glimmer of hope has appeared for South Korea’s crypto-community, with politicians set to debate a law that could open the door for conditional initial coin offerings (ICOs).
South Korea imposed a blanket ban on all forms of ICO in 2017, and earlier...
Samsung Joins Corporate Giants Reportedly Eyeing Bespoke Crypto
27.4.2019
Unconfirmed reports indicate that Samsung might be preparing to roll out its own blockchain mainnet as well as a “Samsung Coin” cryptocurrency token