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South Korea is Drafting New Blockchain Industry Classification Standards
South Korea Announces New Classification Standards for The Blockchain Industry and Legitimizes It It seems like the battle for legitimacy that the blockchain and cryptocurrency industry is facing in South Korea seems to be near its end. дальше »
2018-7-5 23:18 | |
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South Korea legitimizes Blackheine business with major new classification standards
The South Korean government is drafting major new industry classification standards for the domestic blockchain industry, local crypto news outlet The BChain reports Thursday, July 5. The scheme will reportedly serve as a basis for policy making, notably aimed towards “blockchain promotion and regulatory frameworks,” and covers areas including blockchain systems construction, decentralized applications (DApps) дальше »
2018-7-5 19:23 | |
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BTCC CEO Bobby Lee: Investors in China are Still Trading Crypto Even After Bitcoin Ban
At the Blockchain Open Forum in Seoul, South Korea, China’s first crypto exchange BTCC CEO Bobby Lee said that investors in China are still trading cryptocurrencies even after the Chinese government imposed a ban on crypto trading in September 2017. дальше »
2018-6-30 14:00 | |
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South Korea Thinks Real-Name System is Working – Stepping Up Crypto Monitoring
South Korea’s top financial regulator recently told 23 other countries’ regulators that the kimchi premium has fizzled since the anonymous trading of cryptocurrencies was banned in the country. дальше »
2018-6-29 16:55 | |
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Its Stance on Crypto To Become Blockchain Haven South Korea Reviews
Brief history of crypto regulation in South Korea South Korea has been closely regulating the crypto industry. The demand for crypto was so high that cryptocurrencies were traded at prices more than 30 percent higher than in other countries. дальше »
2018-6-29 16:34 | |
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DOJ, U.S. Agencies Seize Over $12M Bitcoin in a Slew of Dark Web Busts
The U. S. Department of Justice, in cooperation with the Immigration and Customs Enforcement’s Homeland Security Investigations (HSI), the Secret Service (USSS), the Postal Inspection Service (USPIS) and the Drug Enforcement Administration (DEA), have apprehended more than 35 dark web drugs and arms dealers in a nation-wide bust. дальше »
2018-6-27 20:26 | |
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South Korea to Invest $230M in Blockchain Technology Development
The Ministry of Science and ICT of South Korea revealed a Blockchain Technology Development Strategy on June 21st earmarking a total of 230 billion Won (over of $200M USD) for the development of blockchain-based technology. дальше »
2018-6-25 02:00 | |
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Centralized exchanges are throwing the Crypto Promise to the wind!
With such a terrible track record, why would anyone still work with crypto exchanges? That is where crypto exchanges come in, and they are especially valuable to day traders. Crypto exchanges also take care of storing your money, much like a bank would. дальше »
2018-6-24 17:36 | |
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A 230 Billion Won Government Pump Awaits Korean Blockchain Sector
The Ministry of Science and ICT of South Korea announced its blockchain technology development strategy on June 21. The government aims to provide 230 billion won (~$207 million) for boosting development of distributed ledger technology in the country. дальше »
2018-6-23 14:38 | |
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South Korean Gov’t to Invest $200 Mln in Blockchain Initiatives
Despite recent exchange hacks, the blockchain industry continues to thrive in countries worldwide. On June 21, 2018, the South Korean government announced intent to invest over $200 million into blockchain initiatives by 2022. дальше »
2018-6-23 15:00 | |
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Korean Government to Lead 6 Blockchain Pilots With $9 Million Finance
The South Korean government will invest 10 billion Korean won (or $9 million) to support blockchain development in the country, with plans to carry out six pilots using blockchain technology. According to a report from CoinDesk Korea, the country’s Ministry of Science and ICT published a blockchain development strategy on Thursday. The agency said the government plans to дальше »
2018-6-22 11:53 | |
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Korea begins probe into crypto-currency hacking attacks
Regulation Following the alleged hacks of South Korean crypto exchanges, the government has formally launched an investigation into the cause of the hacks. Japan Confirms Entrance Into the Crypto Space Government’s Response The South Korean government announced on Wednesday, June 20, that it has formally launched an investigation into the cause of the alleged security дальше »
2018-6-22 09:11 | |
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Korean Government to Lead 6 Blockchain Pilots With $9 Million Fund
A South Korean government agency has announced a plan to boost blockchain adoption in the country. дальше »
2018-6-22 09:03 | |
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Korean Government Launches Investigation into Crypto Hacks
Following the alleged hacks of South Korean crypto exchanges, the government has formally launched an investigation into the cause of the hacks. The authorities will also perform security checks on all crypto exchanges’ systems. дальше »
2018-6-22 06:20 | |
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South Korean Government Investing $207 Million Into Blockchain Technology
South Korea’s Ministry of Science and ICT has announced a new Blockchain Technology Development Strategy, The News Asia reports. The strategy will include a 230 billion Won (~207 million USD) investment by the Korean government into developing blockchain technology. дальше »
2018-6-23 00:26 | |
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Over $200 Million in Public, Private Blockchain Initiatives from South Korean Government
According to the Ministry’s official announcement, the new initiative will foster 10,000 blockchain industry professionals and 100 companies, and will expand and commercialize six existing blockchain pilots with the Ministry’s backing. дальше »
2018-6-21 20:51 | |
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Multiple Crypto Exchange Hacks Lead to Detailed Plans Made by Korean Government
Regulation Following multiple hack reports, the South Korean government explains how it will strengthen the regulatory framework for cryptocurrency exchanges. A bill has already been submitted which imposes multiple new obligations on crypto exchanges. дальше »
2018-6-21 07:04 | |
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Korean Government Details Regulatory Plans After Multiple Crypto Exchange Hacks
Following multiple hack reports, the South Korean government explains how it will strengthen the regulatory framework for cryptocurrency exchanges. A bill has already been submitted which imposes multiple new obligations on crypto exchanges. дальше »
2018-6-21 06:10 | |
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Malaysian Government Teams Up With Korean Lab to Develop Sharia-Compliant Blockchain
South Korean blockchain lab IncuBlock has signed a Memorandum of Understanding (MOU) with a Malaysian government advisory committee for blockchain tech development permissible under Sharia law, local news outlet IT World reported yesterday, June 18. дальше »
2018-6-20 23:22 | |
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South Indian State of Kerala Uses Blockchian Technology in Food Supply and Distribution
The government of the South Indian state of Kerala will use blockchain for food supply and distribution, local news outlet Business Standard reported June 17. Chairman of K-DISC, KM Abraham, told Business Standard that each component of the supply network would have a separate ID number, through which its source, production, quality, and distribution could дальше »
2018-6-19 23:19 | |
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Korean crypto exchanges step up to aml compliace. Banks are burning out
Regulation As the South Korean government steps up its anti-money laundering (AML) oversight, major crypto exchanges in the country are voluntarily complying while banks are reportedly failing to meet the guidelines for compliance. дальше »
2018-6-18 10:37 | |
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As Korean Crypto Exchanges Step Up AML Compliance, Banks Are Failing
As the South Korean government steps up its anti-money laundering (AML) oversight, major crypto exchanges in the country are voluntarily complying while banks are reportedly failing to meet the guidelines for compliance. дальше »
2018-6-18 08:40 | |
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Direct Supervision Over Crypto Exchanges sought by South Korea’s Government
The South Korean government is reportedly seeking to bring cryptocurrency exchanges under the direct supervision of the country’s Financial Intelligence Unit. This is the first time a government agency has said it will oversee crypto exchanges. дальше »
2018-6-15 06:36 | |
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South Korean Government Agency Seeks Direct Supervision Over Crypto Exchanges
The South Korean government is reportedly seeking to bring cryptocurrency exchanges under the direct supervision of the country’s Financial Intelligence Unit. This will obligate crypto exchanges to follow anti-money laundering directives like banks do. дальше »
2018-6-15 03:50 | |
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Altcoins Get Clobbered, Taking the Brunt of the Bitcoin Bear Market
Following the hack of a largely unheard-of cryptocurrency exchange in South Korea and a probe by US government investigators into Bitcoin price manipulation, the cryptocurrency market has once again broken to the downside — and things aren’t looking pretty. дальше »
2018-6-13 12:00 | |
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Kakao, Korean Government to Illuminate Social Issues with Blockchain
GroundX, the blockchain subsidiary of the South Korean messaging giant Kakao, has announced it will work with a government-backed agency to develop blockchain projects focusing on social and public services. дальше »
2018-6-12 18:02 | |
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Bithumb south korean exchange cleared by government
After a three-month long investigation, the South Korean government cleared Bithumb crypto exchange with no evidence of wrongdoing found, a local media report on June 8. The government, which described the investigation as intense and extensive, ran a full audit of the exchange’s dealings by building up a search and seizure operation on the exchange’s […] дальше »
2018-6-12 02:22 | |
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Bitcoin Magazine’s Week in Review: Looking to the Past and the Future
South Korea just ruled that bitcoin is a legally recognizable asset, which is good news for investors, but not such good news for convicted criminals that had managed to hold onto their cryptocurrency in the past. дальше »
2018-6-11 18:04 | |
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