Wednesday, October 28, 2020
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LATEST NEWS

SK Telecom backs government blockchain push

The country’s Ministry of Public Administration and Security granted approval for the solution last week. Integrated with the government-backed digital certification initiative Government24, it...

South Korean gov’t doesn’t know who will protect crypto exchanges from Kim Jong-Un’s hackers

There has been a hot political debate underway on who should take responsibility for countering North Korean hacks targeting South Korean cryptocurrency exchanges. Recently,...

Bank of Korea in CBDC talks with Klaytn public blockchain

Two weeks ago, we reported that the Bank of Korea plans to use blockchain or distributed ledger technology (DLT) for its digital won experiments,...

South Korea’s blockchain lobby calls for suspension of crypto-tax plans

As per the Special Reporting Act, income tax laws will be applicable to cryptocurrency ownership in South Korea, as of October 2021. However, the...

BMW Rolls Out Blockchain-powered Token Rewards Platform in South Korea

Per Aju Kyungjae, BMW Korea stated that the platform, named BMW Vantage, would be "launched on the global market” after its South Korean debut. The...

Bank of Korea plans cryptocurrency (CBDC) testing in 2021

The Bank of Korea (BOK) announced plans of doing a test run on the issuance and circulation of the planned central bank digital currency...

CFTC Charges BitMEX Owners with Illegally Operating a Cryptocurrency Derivatives Trading Platform and Anti-Money...

October 01, 2020 Washington, D.C. — The Commodity Futures Trading Commission today announced the filing of a civil enforcement action in the U.S. District Court...

PlayDapp’s flagship game CryptoDozer is entering the Japanese blockchain game market through the LINE...

According to the announcement made by LVC Corporation and Line Tech Plus (LTP), Naver Line’s virtual asset and blockchain business subsidiaries, on the 30th...

Korea’s ‘blockchain city’ is missing some links

Sixty-two percent of the firms in South Korea’s blockchain sandbox city of Busan do not know anything about the technology, according to a surprising...

Korean KYC measures raise legal questions

The South Korean cryptocurrency sector has a legal headache. As the government makes preparations to implement know-your-customer (KYC) and anti-money laundering (AML) compliance processes, legal...

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