Tag: Blockchain
Assembly puts brakes on crypto exchange shutdowns
Both the ruling and the opposition lawmakers are pressuring financial authorities to prevent the "annihilation" of small-size cryptocurrency exchanges in the domestic market, following...
Scrubbing Korea Off the Welcome Page : Global Crypto Community ‘Removes Korean Language Support’
Fines will be imposed immediately following the Sept. 24 deadline.
Ahead of the enforcement of the relevant law in September, overseas exchanges are suspending Korean...
The government panicked over fears of closing the crypto exchange… “Business is allowed if...
The deadline for registration of domestic cryptocurrency exchanges is the 24th of next month, but it has been found that there is not a...
Foreign crypto exchanges seek distance from Korea ahead of tighter regulations
Some foreign cryptocurrency exchanges have distanced themselves from South Korea as Korean authorities are set to enforce tighter regulations against virtual coins.
By Sept. 24,...
Samsung confirms support for digital currency
The BOK began the CBDC pilot program July 28, co-managed by Ground X, a blockchain affiliate of messengerplatform giant, Kakao.
"Samsung Electronics has recently decided...
South Korea’s forward-thinking digital currency pilot program
Over the last decade South Korea has moved further along a path towards digital transactions. Cash usage has fallen from 66 per cent of...
South Korean banks doubled crypto transaction fee revenue in Q2
Three South Korean banks with crypto exchange partnerships have reportedly made $14.71 million in transaction fees in the second quarter of 2021.
According to The...
Bank of Korea Says Crypto “Can Transform Financial Paradigms”
On August 8, the Bank of Korea (BOK) has acknowledged that blockchains and decentralized platforms have ‘the potential to change financial paradigms’.
According to reports,...
President Moon taps new chiefs of the Financial Services Commission
President Moon Jae-in nominated new heads of the Financial Services Commission (FSC), the Blue House announced Thursday.
Koh Seung-beom, a member of the Bank...
Bank Of Korea acknowledges usefulness of ‘stablecoins’
The country's central bank didn't deny the role of "stablecoins" in terms of their availability in monetary transactions, the Bank of Korea (BOK) said...
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