National Assembly recommends crypto exchanges use cold wallets
The National Assembly Research Service (NARS) said cryptocurrency exchanges should start considering ways to deposit assets in a cold wallet, or offline storage. The...
Crypto Exchange UpBit Scores Full Deck of Licenses From Thai SEC
After a series of regulatory changes led the South Korean exchange UpBit to force out its foreign users from the platform, the company is...
Top South Korean banks to provide Bitcoin custody services
South Korea’s moving fast in the institutional crypto space. Four of the top banks in the country are mulling a regulated custody service in...
Blockchain-based consumer goods tracking solution wins investment in South Korea
The provincial government in Chungcheonbook-do, western South Korea, announced today they would support the development of a blockchain-based consumer goods tracking platform. The platform...
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using nearly untraceable cryptocurrencies to convert stolen funds into cash and evade sanctions, according to an unpublished U.N. Panel of...
[AUGUST] List the Storms, Then Pick Your Port
In late February to mid-March, as Covid-19 skipped across oceans and pressed its way into homes and businesses worldwide, the price of bitcoin tumbled...
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.
...
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