South Korea Unveils Blockchain Strategy to Launch Online Voting and Election System by 2022
During the 16th, 4th Industrial Revolution Committee meeting on June 24, 2020, South Korea’s Ministry of Science and Technology announced plans of developing seven...
South Korea’s leading cryptocurrency exchange, Bithumb to go public via IPO
The operator of South Korea-based Bithumb exchange is looking towards taking the company public. The listing is expected to go through an initial public...
Stablecoins & ‘Legal Crypto’ to Power S Korean Plastic Surgery Revival
South Korean companies will increasingly look to stablecoins and blockchain technology as they look to boost the number of people coming into the country...
South Korean Exchange UPbit Joins KBank to Open Korean Won Deposit Service
Recently, the South Korean crypto exchange, UPbit announced that it will join KBank. To open the Korean won deposit services on June 23, 2020.
Furthermore,...
Korea’s energy market adopts blockchain for bidding process
The Korea Power Exchange (KPX) recently unveiled a blockchain-based energy bid evaluation system for the Korean energy market. KPX is a specialized non-profit, independent...
The CBDC Direction of Korea Central Bank
South Korea’s central bank is moving ahead with research into digital currencies and has set up a legal panel to advise on possible regulatory...
The Government Plans to Provide a Taxation Policy for Virtual Asset
With the price of virtual assets such as Bitcoin has skyrocketed since the spread of COVID-19, the government decided to release a plan to...
Telecom Companies Are Targeting the Financial Sector With MyData and Fintech
Telecom companies in Korea are targeting the financial industry. They use their communication data and ICT technology to directly and indirectly enter the...
“Virtual Asset Service Providers Without Direct Cash Transaction Should Be Excluded From Specific Financial...
" Some have pointed out that it is over-regulated to impose anti-money laundering (AML) obligations on virtual asset companies that do not trade cash...
Fierce Competition Among Exchanges to Secure Distribution of Klay
Chain Partners (CEO Pyo Chul-min) listed Klay on the virtual asset exchange named Daybit operated by the company on 2nd. Klay is a virtual...
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South Korean Giant to Begin Crypto Custody for Institutional Investors
One of South Korea’s biggest commercial banks, NongHyup (NH Bank) said it is working on a cryptoasset custodial services platform for institutional investors.
Per ET...
