Thursday, August 13, 2020
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LATEST NEWS

South Korea To Use Blockchain To Collect Highway Tolls

KEB Hana Bank, one of the largest banks in the country, is going to work with the Korea Expressway Corporation on blockchain-based services. With...

South Korea’s Largest Bank Unveils Bitcoin Custody Services

In January, the government-owned bank filed its trademark application for digital assets custody with the Korean Intellectual Property Office. The trademark is called Kbdac....

North Korea now using untraceable cryptocurrency for sanctions evasion

North Korea has started using nearly untraceable cryptocurrencies to convert stolen funds into cash and evade sanctions, according to an unpublished U.N. Panel of...

The Blue House Is Taking Initiatives To Position South Korea As A Blockchain Hub

Cheongwadae—also known as the “Blue House” for its blue roof—is the official residence and executive office for the President of South Korea. In a...

FSC announces plan to overhaul digital finance regulations

The Financial Services Commission (FSC) on July 26 announced a major overhaul of digital finance regulations in Korea, which have changed little since 2006. ...

All eyes on $67.1 million Bithumb tax dispute

Market participants and industry watchers are paying attention to whether the Tax Tribunal will find for Bithumb in a suit it filed to nullify...

Pack Your Bitcoin: Busy South Korean Beach Says ‘Yes’ to Crypto

Holidaymakers at Haeundae, South Korea’s busiest and most popular beach, will be able to pay for services such as sun umbrella and inflatable tube...

Traditional financial players complain of reverse discrimination in fintech exemptions

Traditional financial and rising platform-based players clash over a new state initiative to promote fintech, with the former complaining of reverse discrimination as they...

South Korea to levy capital gains tax on stocks from 2023

The government said Wednesday that it will impose capital gains tax on wealthy stock investors starting 2023 as planned, with the minimum deductible amount...

Blockchain included in South Korea’s “New Deal” stimulus

The government of South Korea has announced plans for a multi-trillion won “new deal” stimulus package which will target digital technologies such as AI,...
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