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FINANCIAL REGULATORY INNOVATION COMMITTEE DISCUSSES MEASURES TO ALLOW THE ISSUANCE OF STO

SUMMARY OF REMARKS BY FSC CHAIRMAN KIM JOO-HYUN The measures to establish a regulatory system on the offering and distribution of security tokens, intends to (a)...

Neowiz Holdings— the creator of Intella X, establishes blockchain entity in UAE

South-Korean gaming giant Neowiz Holdings has announced its ambition to reach a wider audience by creating a blockchain enterprise in the United Arab Emirates,...

South Korea launches online metaverse replica of capital city Seoul to improve public services

Metaverse Seoul, which is a three-part project expected to be complete by 2026, will first aim to improve efficiency in public administration services....

SOUTH KOREA’S AUTHORITIES RAID BITHUMB EXCHANGE

The country’s tax inspectors visited the exchange’s headquarters in Seoul, as part of a push to increase taxation and compliance, the National Tax Service...

Huobi Korea Plans to Cut Ties With Parent Company, Strengthen Domestic Presence

Huobi Experiences Significant Withdrawals as Subsidiary Huobi Korea Looks to Go Independent There has been much speculation and many rumors surrounding the cryptocurrency exchange Huobi...

Paycoin seeks reapproval after S.Korea suspends the payments token

Paycoin was developed under Danal Fintech Corp. and emerged as one of the most used payment tokens in South Korea since it launched...

Binance Nears Acquisition of Korean Crypto Exchange Gopax

Binance, leading cryptocurrency exchange, is making arrangements to finalize its acquisition of GOPAX, one of the top crypto exchanges in Korea, blockchain media platform...

South Korea keeps betting on the metaverse, ignoring the current clunky technology

South Korea’s government set the tone early in 2022 for the country’s interest in getting a lead in the so-called metaverse world, announcing in...

S.Korea discusses control over crypto listings after WEMIX delisting

Currently, cryptocurrency exchanges themselves are responsible for reviewing new token listings in South Korea, a process that regulators believe may increase risks and...

FTX and Alameda Invested in ‘TOSS Bank’s’ Largest Shareholder, Viva Republica, and Other Korean...

FTX and Alameda invested in three Korean companies, Toss bank officials sent a statement today saying “Alameda is not on the list of...

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FINANCIAL REGULATORY INNOVATION COMMITTEE DISCUSSES MEASURES TO ALLOW THE ISSUANCE OF...

SUMMARY OF REMARKS BY FSC CHAIRMAN KIM JOO-HYUN The measures to establish a regulatory system on the offering and distribution of security tokens, intends to (a)...