Tag: South Korea
CBDCs Will Reduce Demand for Bitcoin, Says South Korea Central Bank Chief
Bank of Korea Governor Lee Ju-yeol said when central bank digital currencies (CBDCs) are introduced, the demand for existing cryptocurrencies like bitcoin will fade....
South Korean police seize Bithumb shares in third raid this month
South Korea’s largest cryptocurrency exchange Bithumb has been raided by the Seoul Metropolitan Police for the third time this month, according to a report...
South Korea’s Largest Bank Unveils Bitcoin Custody Services
In January, the government-owned bank filed its trademark application for digital assets custody with the Korean Intellectual Property Office. The trademark is called Kbdac....
TRX Is Now Spendable in 13,000 ATMs across South Korea
Spending cryptocurrency just got a whole lot easier for South Koreans. Locals, as well as the millions of tourists who flock to the country...
Blockchain-powered insurance mobile notification coming to South Korea
South Korean telecom company KT Corporation has partnered with a local insurance agency to integrate blockchain technology with its mobile notification service. The project...
Digital Asset Exchange ‘APROBIT’ Pre-Launches on June 1st, Holding ‘APROBIT Challenge Event’
Digital Asset Exchange ‘APROBIT’ Pre-Launched on June 1st Digital asset exchange 'APROBIT', operated by blockchain fintech company 'APRO Korea (CEO: Bung Jun (Aaron) Kim)'...
South Korea will start taxing profits from bitcoin and other cryptocurrencies next year, according...
South Korea’s Ministry of Economy and Finance proposed the amendments to the existing tax law to include the cryptocurrency industry, with backing from the...
Korean Tech Giant LG Is Developing a Blockchain Identity System With a US Firm
LG has partnered with United States-based company Evernym to develop blockchain ID technology.
Asian financial news outlet Aju Business Daily reported on May 26 that...
Digital Asset Exchange ‘APROBIT’ Pre-Launches on June 1st
Digital asset exchange 'APROBIT', operated by blockchain fintech company 'APRO Korea (CEO: Bung Jun(Aaron) Kim)' is pre-launching on June 1st. In commemoration of the...
South Korean University Announces New Blockchain Campus
South Korea’s Suseong University reached a deal on May 22 with the Korea Artificial Intelligence Association, or KORAIA, to create a blockchain and AI...
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Ruling and Opposition Parties Agree on Two-Year Delay for Virtual Asset...
The ruling and opposition parties in South Korea have agreed to postpone the taxation on virtual asset income by two years. With the Democratic...
