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South Korea Steady in Their CBDC Plans, Searching for a Local Consulting Partner
The central bank of South Korea, the Bank of Korea, is moving towards the technical phase in their concerted effort to pilot a central bank digital currency (CBDC)–the digital won, and will pick a consulting partner a month after completing the review of the first phase reports The Korea Times on Aug 31. дальше »
2020-9-1 13:00 | |
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Bank of Korea Set to Select CBDC Pilot Program Consulting Partner
South Korea’s central bank has disclosed details for a proposed consulting partnership as part of its second stage of preparation for launching a central bank digital currency (CBDC). According to the Bank of Korea (BOK), the desired consulting partner will be a local firm that will help the BOK build the architecture for the proposed […] The post Bank of Korea Set to Select CBDC Pilot Program Consulting Partner appeared first on BeInCrypto. дальше »
2020-9-1 10:00 | |
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Korean Police Seize Crypto Exchange Coinbit Over Allegations of $84 Million in Wash Trades
Police in South Korea on Wednesday raided and seized the offices of Coinbit, the country’s third largest crypto exchange, over allegations it faked 99% of its trading volume. According to a report from Seoul News, local police took control of Coinbit’s headquarters in Gangnam as well as other sites elsewhere. дальше »
2020-8-28 07:45 | |
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South Korean Exchange, Coinbit, Accused Of Wash Trading 99% Of Its Volume; Profited Close to $84 Million
One of Korea’s largest cryptocurrency exchange is under investigation after the Seoul Metropolitan Police found evidence of wash trading of over 99% of its volumes. According to local reports from Seoul Shinmun, the police have seized Coinbit exchange headquarters in Gangnam district and some property around the country as investigations continue. дальше »
2020-8-26 19:46 | |
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A Blockchain company in Seoul may be ground zero for a fresh resurgence of COVID-19
A major South Korean tech hub is under scrutiny by local health authorities.
дальше »2020-8-26 23:36 | |
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South Korea’s Crypto-Friendly Island Selects ICON for Coronavirus Tracing App
An influential South Korean project is partnering with the local government to develop a blockchain-based application for coronavirus tracing, according to a release Wednesday. ICON Partners with Jeju Islands ICON, a South Korean player in the blockchain and cryptocurrency space, announced that Jeju Island, the country’s most popular domestic tourist destination, will use its DecentralizedRead MoreRead More. дальше »
2020-8-20 17:00 | |
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South Korea: Major Banks to Start Offering Crypto Custodial Services
Leading South Korean lenders are now putting preparation in top gear to roll out custodial services for bitcoin and other digital assets. The move follows the government’s recently amended Special Financial Transactions Information Act, according to a report by local news platform, MTN on August 13, 2020. дальше »
2020-8-15 15:00 | |
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Over a Million South Koreans Now Hold Blockchain-Based Drivers Licenses
Over a million South Koreans now boast of having drivers licenses issued on the blockchain, as per local reports Thursday. Blockchain ID Accepted Everywhere Launched just over two months ago in May, the South Korean program for issuing driver licenses over a public blockchain has already attracted over one million Koreans, showing huge interest inRead MoreRead More. дальше »
2020-8-13 13:07 | |
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Binance Opens Fiat-to-Crypto Trading Platform for the Australian Market; Ran by TravelbyBit Exec
Binance has launched a new fiat-to-crypto platform for the Australian market, a move that will enable its users from the down south to be able to buy digital assets as well as trade them against the local currency, AUD. дальше »
2020-7-30 22:39 | |
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South Korea’s Financial Authorities to Include Cryptocurrencies in New Taxation Framework
A local publication reported that South Korea’s Ministry of Strategy and Finance aims to introduce taxes for digital assets, with the rate expected to reach 20 percent. The announcement was made during the Financial Parliamentary committee meeting chaired by Minister Hong Nam-Ki on 17th July. дальше »
2020-6-18 22:22 | |
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South Korea to Impose Crypto Tax, Says Finance Minister
According to a report by a local media outlet, Korea JoongAng Daily, the South Korean finance minister today confirmed that the country will go ahead with its plan to tax cryptocurrency transactions. дальше »
2020-6-18 21:07 | |
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South Korean Police on the Hunt for Ethereum Crime Ring Masterminds
The Seoul Metropolitan Police seize two unnamed local crypto exchanges in an effort to dismantle an ETH-related crime ring.
дальше »2020-6-13 17:35 | |
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Chinese Government Crackdowns and Cheap Hydropower- Miners Migrate from North to South China
China-based bitcoin miners have started to migrate southbound from North China, according to local reports. The operators are having difficulties and are transitioning mining facilities for cheap hydro-powered electricity. дальше »
2020-6-6 20:05 | |
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South Korea is Proposing A Tax on Profits From Crypto-Fiat Transactions
The South Korean Ministry of Strategy and Finance is proposing a tax on profits from crypto-fiat transactions, reported a local news outlet. The proposition was made earlier this week which also includes the sale of the token through initial coin offerings (ICO) and crypto mining organizations. дальше »
2020-5-31 18:18 | |
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South Korea to Start Taxing Bitcoin Profits in 2021
South Korea will start taxing profits from bitcoin (BTC) and other cryptocurrencies next year, according to local media reports. The taxation will also apply to bitcoin mining operations and income from initial coin offerings, should it be approved by Parliament. дальше »
2020-5-29 17:44 | |
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South Korea to tax crypto income from next year
The country plans to make traders, miners and projects receiving initial coin offerings to pay income tax from March 2021 South Korea will tax cryptocurrency traders, miners, and initial coin offerings from next year, according to reports in local news outlets. дальше »
2020-5-28 15:52 | |
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Venezuelans Can Now Use Bitcoin to Pay for Goods at 20,000 PoS Terminals
Venezuelans will now be able to use bitcoin to pay for goods and services at more than 20,000 point-of-sale (PoS) terminals throughout the struggling South American country. This follows a deal between Panamanian crypto exchange Cryptobuyer and local payments processor Mega Soft to connect some of Venezuela’s biggest retail chains for this purpose. дальше »
2020-5-19 01:30 | |
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South Korean Government Labels Blockchain a Golden Opportunity
A South Korean minister is calling to local firms to seize “golden” opportunities in the global blockchain market
дальше »2020-4-19 19:50 | |
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South Korea May Get A New Crypto Custodian After Largest Bank Files Trademark App
KB Kookmin Bank, the largest bank in South Korea, is preparing to launch its cryptocurrency custody service as soon as possible. As per the local news outlet Digital Today reported on March 27, KB Kookmin Bank filed a KBDAC trademark application in which it referred to the Digital Asset Custody subsidiary it proposed in January, […] дальше »
2020-3-27 18:10 | |
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South Korean Crypto Exchanges Aid Police in Child Porn Investigation
South Korea’s four major cryptocurrency exchanges, Upbit, Bithumb, Coinone, and Korbit, reportedly stated that they would support the local police in investigating the so-called “nth rooms” phenomenon, which turned into a nation-wide scandal. дальше »
2020-3-26 19:15 | |
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Interpol Targets Darkweb and Crypto with S.Korean Help
Following the success of working with local law enforcement bodies in clamping down on cryptojacking, Interpol is now targeting darkweb and crypto crime with assistance from a South Korean startup. Interpol Gets Help to Track Darkweb Crypto Crime Interpol is getting serious about cracking down on crime on the darkweb. дальше »
2020-3-21 23:00 | |
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Cult Korean Church Suspected in Local Coronavirus Outbreak
South Korea has 204 confirmed coronavirus cases, but is at risk of far more numbers due to one individual. The post Cult Korean Church Suspected in Local Coronavirus Outbreak appeared first on CCN.com дальше »
2020-2-21 11:56 | |
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Binance Adds 15 New Instant Fiat-to-Crypto Conversions With Simplex Partnership
Trying to corner local markets, the Malta-based crypto exchange Binance has added support for 15 more fiat currencies through the integration with Simplex. Gateways for currencies like the Korean won, the Swiss franc, the Polish zloty, the South African rand and the Australian dollar have been created and made available through the exchange’s fiat-to-crypto trading […] дальше »
2020-2-14 19:06 | |
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Is International Pressures Forcing South African Banks to Close Crypto Exchange Accounts?
The big-four bank, Nedbank, may become the latest financial institution in South Africa to close cryptocurrency bank accounts, reports the local media channel. The bank will be following in the footsteps of the First National Bank (FNB) that closed the digital currency-related bank accounts back in November, last year citing lack of regulations as the […] дальше »
2020-1-26 00:55 | |
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Ledger Partners With FLETA to Provide Crypto Custodian Services For DApps
Ledger closed a partnership with FLETA, which is a blockchain platform for decentralized applications (dapps) based in South Korea, to offer custodian services that comply with the local laws. Ledger has created Ledger Vault in an attempt to offer its institutional-lever services to more clients. дальше »
2020-1-23 20:36 | |
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South Korea Might Re-Categorize Cryptocurrencies, Imposing A 20% Tax On Gains
South Korea one of the most progressive nation in terms of evolving technology adoption might impose a 20% tax on crypto gains in the country as per a report published by a local daily, The Korean Times. дальше »
2020-1-20 18:10 | |
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South Korean Exchange Bithumb To Fight NTS In Court Over $69M Tax Bill
According to local reports from The Korean Times, the largest crypto exchange in the country is challenging the latest tax imposed by the National Tax Service (NTS) in a Tax Tribunal in what it terms as a groundless base. дальше »
2020-1-16 20:39 | |
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France approves its first ICO
CoinMarketCap Daily Newsletter Your daily newsletter for 20 December, 2019 “Knowledge is power.” - Francis Bacon In today's newsletter, we will be covering: Largest South Korean telecom company issuing a blockchain-based local currency in Busan France's financial regulator granting the […] The post France approves its first ICO appeared first on CoinMarketCap. дальше »
2019-12-25 15:00 | |
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South Korea's telecom firm KT to launch digital currency
South Korea's leading telecom company, KT is all set to launch its digital currency called Dongbaek Currency. According to reports from a local publication, the blockchain-powered "local currency" wiThe post South Korea's telecom firm KT to launch digital currency appeared first on AMBCrypto. дальше »
2019-12-20 11:30 | |
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Largest South Korean Telecom Company Issues Blockchain-Based Local Currency in Busan
Busan, South Korea’s second-largest city in cooperation with telecom giant KT plans to release a blockchain-based local currency by Dec. 30.
дальше »2019-12-20 23:51 | |
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Has South Korea Joined the Central Bank Crypto Race?
The South Korean central bank is the latest in the list of national banks to reveal its intentions towards central bank crypto (CBDC). South Korea Joins Crypto Research Race According to local media, the Bank of Korea has begun hiring crypto-asset experts signaling that the central bank may begin developing its own CBDC. дальше »
2019-12-13 11:00 | |
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South Korea’s SK Group Set To Launch A Donation Blockchain With Two Native Cryptocurrencies
Two tokens set to be launched by the third largest Korean conglomerate, SK Group, after local dailies report the development of a business blockchain. The conglomerate will launch the Social Value Coin (SVC) and the Social Value Power (SVP) Local reports from South Korea confirm that SK Group, one of the largest conglomerates is planning […] дальше »
2019-8-10 20:13 | |
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South Korean Firm To Fork Ripple And Develop A New ‘ChainZ’ Social Value Coin Donations Platform
As per an all-new report released by S. Korean media outlet Cosun yesterday, local holding company SK C&C has announced its decision to create a new donations platform that will be built atop a Ripple blockchain fork. дальше »
2019-8-10 18:50 | |
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Bithumb Cryptocurrency Exchange Will Enter Singapore Market Via Local Platform BitHolic
Bithumb, a prominent South Korean cryptocurrency exchange, is set to enter the crypto market of Singapore soon. According to a local media outlet called News1 Korea, the company has acquired a regulated company in the country to buy its entrance in the market. дальше »
2019-8-9 01:17 | |
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Bitcoin Exchanges in South Korea to come Under Direct FSC Regulatory Purview
Reports from media sources in South Korea say the country’s top financial regulator plans to directly oversee the regulation of local Bitcoin exchanges, August 7, 2019. This move likely includes the creation of registration and licensing requirements for South Korean crypto bourses. дальше »
2019-8-8 09:00 | |
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South Korea’s Ban on Crypto Will Choke The Special Blockchain Zone
According to local sources, the existing cryptocurrency ban in South Korea will the make the Busan blockchain regulation-free zone ‘ineffective’. The South Korean Ministry of SMEs and Startups in 2018 designated 1 trillion KRW for growing their blockchain technology industry as part of a “Growth Through Innovation” plan. дальше »
2019-8-8 19:00 | |
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South Korean Fashion Platform Sinsang Market to Partner With Terra Stablecoin
Terra, a Singapore-incorporated stablecoin company, has recently decided to start a partnership with Sinsang Market, a major B2B fashion platform based in South Korea. According to a local site based on financial news, the new partnership will see vendors linked to the fashion market in South Korea. The two firms will get together to create […] дальше »
2019-8-6 23:37 | |
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Trillions: Crypto Scams Have Cost South Korea $2.7T Won
Scams Hit South Korea Hard Crypto scams haven’t been kind to South Korea. As reported by The Korea Herald, an English newspaper covering events in South Korea, the local Justice Ministry estimates that crypto-related crimes. дальше »
2019-7-23 13:30 | |
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Binance is working with ‘local partners’ to set up South Korean fiat-to-crypto exchange
Binance is spreading its golden wings. The world’s largest cryptocurrency exchange is expanding its fiat-to-crypto base to South Korea. According to local Korean media outlet, BlockInPress, the Maltese-headquartered exchange is in talks with domestic regulators to set up the exchange. дальше »
2019-7-16 14:30 | |
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Bitcoin Use Soars in Zimbabwe After Foreign Currencies Ban
Peer-to-peer Bitcoin exchange of LocalBitcoins has continued to soar after the Zimbabwe government implemented a ban on foreign currency transactions. Zimbabwe: Bitcoin or Bust As reported by Quartz Africa, Peer-to-peer Bitcoin transactions in Zimbabwe recently reached a new high after President Emmerson Mnangagwa reinstated the Zimbabwe dollar. дальше »
2019-7-11 15:00 | |
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Korean Crypto Exchanges Face Backlash, Could it Stunt Bitcoin's Run?
According to Business Korea, hundreds of minor crypto exchanges in South Korea could run smack into heightened scrutiny for failing to abide by proposed enhanced know-your-customer (KYC) regulations, which would require exchanges to only provide services to users with "real-name accounts" issued by local financial institutions. дальше »
2019-6-25 22:54 | |
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Moonday Mornings: Elon Musk and John McAfee cryptocurrency scams are back
It’s a new week, which means only one thing: it’s time for Hard Fork’s roundup of cryptocurrency and blockchain headlines from over the weekend. Let’s get to it. 1. Security researchers from Trend Micro have uncovered a new type of cryptocurrency mining botnet. дальше »
2019-6-24 10:55 | |
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FB to bid goodbye to ‘Libra’? Trademark issues ensue in South Korea
Seems like there is no light at the end of the tunnel for Facebook as more problems brew for its cryptocurrency Libra. With the cryptocurrency already facing regulatory scrutiny across the globe, it has reportedly fallen into another pit as trademark issues emerge in South Korea, according to local media. дальше »
2019-6-21 21:05 | |
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South African Raking in $155,000 a Day Suspected of Running a Ponzi Scheme
A South African man running a Bitcoin investment fund in KwaZulu- Natal is suspected to be running a Ponzi scheme, as early investors have seen huge returns. The man was unwilling to talk to local media about his business plan and he how generates returns for his customers. дальше »
2019-6-18 19:00 | |
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South Korean Crypto Exchanges Update Terms of Service
Exciting times for South Korean bitcoin and altcoin investors as five local exchanges including Bithumb have revised their terms of service to make it possible for traders to get duly compensated should there be an unforeseen circumstance that leads to loss of funds, even if the security breach is not as a result of negligenceRead MoreRead More. дальше »
2019-6-17 17:00 | |
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Moonday Mornings: South African Bitcoin Ponzi scheme rakes in $135,000 a day
It’s the start of a new week and that means it’s time for Moonday Mornings, Hard Fork’s wrap-up of the top cryptocurrency and blockchain headlines from the weekend. 1. Local news in South Africa is reporting about a cryptocurrency Ponzi scheme. дальше »
2019-6-17 11:47 | |
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