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Here’s How South Korea Is Preparing To Become Next Crypto Hub

South Korean President Elect Yoon has big plans for Crypto The ICO approval is one out of the 110 tasks that the president’s administration is...

8 More Firms Designated as Conglomerates, incl. First Crypto Exchange Operator

South Korea's antitrust regulator has added eight firms, including the leading cryptocurrency exchange operator, to a list of 76 companies required to disclose information...

Korean Investors Own W7 Trillion Worth of Bitcoins

Korean investors own more than W7 trillion worth of Bitcoins (US$1=W1,244). According to data from cryptocurrency exchanges Upbit, Bithumb, Coinone and Korbit on Sunday,...

First-Ever Smart Contract Allowing Cryptoasset Recovery

Currently, the moment you lose your private key your cryptocurrency effectively loses its value as long as you cannot remember it. For example, if you...

Bithumb Shareholder Becomes the Effective Owner of Hanbitco

Bithumb Korea's shareholders, KOSDAQ registered company T Scientific, became the effective owner of Hanbitco, a domestic virtual asset exchange. According to the electronic disclosure system...

Shinhan Bank Issues Corporate Won Accounts for Virtual Asset Transactions

Shinhan Bank issued corporate won accounts for virtual asset transactions to cryptocurrency exchange Korbit on April 7, the first case since the implementation of...

Kakao’s Japanese webtoon subsidiary acquires cryptocurrency exchange

Kakao Piccoma, the Japanese webtoon subsidiary of South Korea's web service giant Kakao, has acquired a cryptocurrency exchange company in a bid to accelerate...

South Korean Banks Looking For Affirmation On Cryptocurrencies

The Korea Federation of Banks (KFB) might request South Korea’s incoming Presidential administration to support local banks servicing cryptocurrencies, highlights a leaked draft report....

Korean conglomerates delve into digital asset market

On Friday, Ryu Young-sang, chief executive of SK Telecom, said in a shareholders meeting that the company plans to “adopt an economic system” to...

South Korea to put crypto taxation move on hold

Cryptocurrency tax break extension being considered by South Korea South Korean news outlet, Hankook Ilbo, reported that the Presidential Transition Committee of Seok-Yoel is pushing...

LATEST ARTICLES

CoinDesk “Hashed, Luna’s loss estimated at 4 trillion won”

CoinDesk reports that Hashed's Luna loss is estimated to be more than $3.5 billion (4.473 trillion won). Citing on-chain data, the media speculated that...