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FATF

(Exclusive) According to the Korean government, “Adopting Exchange platform Reporting System Weeds Out 90%...

With FATF standards, only about 20 blue-chips will survive and 180s ‘Weed-Out’ Considering 1 year grace period to prevent investment loss from faltering exchange platforms More...
The Blockchain based ‘Mobile Identification’ Era is at hand

The Blockchain based ‘Mobile Identification’ Era is at hand

Personal identification from Smartphones… Advancing the Self-Sovereign identity era 7 Corporations such as SK Telecom, LG U Plus, KT, Samsung Electronics, KEB Hana Bank, Woori...
’Survival Crisis’ Virtual Currency Exchange Markets, Scrambling to Build AML Center & Solutions

’Survival Crisis’ Virtual Currency Exchange Markets, Scrambling to Build AML Center & Solutions

Virtual Currency Exchange Markets Scrambling to Build AML Centers and Solutions FATF Substandard Exchange Markets Could Face Liquidation Cryptocurrency exchange markets have been given one year...
Last December, Jang, Byeonggyu, the chairman of Presidential Committee on the Fourth Industrial Revolution has announced that a proposal regarding ‘Blockchain and ICO’ will be made as the second committee of PCFIR was constituted

PCFIR, ‘Blockchain TF’ Facing Abandonment… “haven’t started discussing”

"Blockchain·cryptocurrency, even unknown to be included in the Government recommendation proposal" The ‘blockchain·ICO TF(tentative)’ that Presidential Committee on the Fourth Industrial Revolution(hereinafter, PCFIR) pushed forward,...
Samsung Electronics will release SDK for Ethereum by the End of 2019

Samsung Electronics will release SDK for Ethereum by the End of 2019

Samsung Electronics is planning to release an Ethereum based blockchain software development kit(SDK) within this year. On July 9th, Samsung Electronics has released a test...
BK Group, the parent company of Korean cryptocurrency platform Bithumb, will be sold to an Automotive Part Supplier

BK Group, the parent company of Korean cryptocurrency platform Bithumb, will be...

Dual Industrial, Secured Management Right of BK in 2.4 Trillion KRW SG BK Group, who made acquisition deal to take over the cryptocurrency exchange platform,...
LG likely to Develop ‘Virtual Currency Wallet’, following Samsung

LG likely to Develop ‘Virtual Currency Wallet’, following Samsung

LG Electronics is developing virtual currency(cryptocurrency) wallet, following Samsung.  Trademark right of the virtual currency wallet will be applied and the wallet is expected...
Korean Banks embarks on Anti-Money laundering regulation on Cryptocurrency platforms

Korean Banks embarks on Anti-Money laundering regulation on Cryptocurrency platforms

Korean banks are now under the regulation of the Financial Action Task Force(FATF). Subsequently, they suggested the high-intensity guideline for anti-money laundering(AML) against Chinese...
Libra may threaten Financial Stability and cause Bank Run”, says Korea Financial Services Commission

“Libra may threaten Financial Stability and cause Bank Run”, says Korea Financial Services...

An analysis issued stating that ‘Libra’, a virtual currency which Facebook announced to launch next year may cause a bank run. On July 8th, Korea...
“400 times faster than Ethereum.”, Kakao introduces revolutionary cryptocurrency

“400 times faster than Ethereum.”, Kakao introduces revolutionary cryptocurrency

8,000 Transaction per Sec Commission not required for every transmission 34 additional services will launch until September Coin rewarded for reviewing ‘COSME’, ‘WemadeTree’ planning to...

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