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“Win the Government-Lead Blockchain Project”… Fierce Competition between Large IT Companies

Large information technology (IT) companies are competing for the ‘blockchain pilot projects for public and private sector’, which is managed by the Ministry of...

OKEx Korea Will Suspend Its Operation of KRW Market until the Enforcement of the...

OKEx Korea, a cryptocurrency exchange, announced that it would stop the operation of KRW market until the enforcement of the Specific Financial Transaction Information...
▲ Trend data of virtual asset lending at Compound, Maker SCD and dYdX over the past year (Source = LoanScan)

Rising Virtual Asset Secured Loans… The Amount of Loans Has Increased Threefold

The market for virtual asset lending with certain coins as collateral, such as Bitcoin and Ethereum, is growing. Virtual asset lending services are...

Bank Branch in New York Suffers Cash Shortage Amid Coronavirus Panic

The viability of fiat currency is being stretched to its limit as banks run out of cash in New York amid the novel coronavirus...

The Competition for Licenses among Cryptocurrency Exchanges Is Becoming Fierce… Legal Advice from Law...

The ‘Specific Financial Transaction Information Act’ was passed, which stipulated the legal basis for the operation of cryptocurrency exchanges. When the law is...
Getty Images Bank

Cryptocurrency Attains the Desire of ‘Entry into the Formal Sector’… Does It Remove the...

The cryptocurrency (virtual asset) market, which has been stigmatized as ‘speculation and has been outside the law, has taken the first step into the...

Institutionalization of the Cryptocurrency Industry, the Cryptocurrency Has Been Redefined as ‘Virtual Asset’

“This is to refine the industry’s terminology ahead of the enforcement of the Special Financial Transaction Information Act scheduled for March next year. ...

The Amendment to Special Financial Transaction Information Act Will Take Effect in March Next...

"The FSC and the FIU emphasized a focus on vitalization of cryptocurrency industry and investor protection.” The amendment to ‘Special Financial Transaction Information Act’,...

Virtual Currency Awaiting Entry into the Formal Sector…Special Financial Transaction Information Act Passed the...

The amendment to ‘Special Financial Transaction Information Act’, which includes regulations that virtual currency (cryptocurrency) exchanges must obey, passed the Legislation and Judiciary Committee...
Park Sun-moo, Director of MyID Alliance. February 25, 2020/News1 © News1 Lee Dong-hae

“COVID-19 Boosts Non Face-To-Face Digital Transactions…DID Will Be the Game Changer of the Fourth...

“The outbreak of novel coronavirus infection (COVID-19) will be a turning point where non face-to-face digital transactions become popularized.” Park Sun-moo, head of the DID...

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