South Africa set to license 60 crypto firms by end of month, says report

2024-3-14 20:26

South Africa’s Financial Sector Conduct Authority (FSCA) is on track to award licenses to 60 crypto firms, as reported by Bloomberg on Wednesday. The development underscores the country’s commitment to embracing digital currencies and ensuring a secure and regulated environment for their operation. origin »

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south firms africa crypto embracing commitment wednesday

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Источник: invezz.com

south firms → Результатов: 82

South African crypto firms warn opaque regulations are harming the industry

South African crypto firms are threatening to move operations abroad if lawmakers don’t provide clear regulatory guidelines.

2021-3-9 08:31	Crypto regulations
south firms african crypto operations abroad move

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South Korean Crypto Firms Must Disclose Users’ Identities Under Planned Law Change

South Korea's top financial watchdog wants legal changes making it mandatory for cryptocurrency firms to report the names of customers.

2020-11-7 12:44
south firms mandatory making changes legal customers

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Ripple Partner Finastra Launches New Solution for Banks and Payment Services in EU, US and South Africa

Ripple partner Finastra has come up with a pre-packaged payment solution to bring together banks and cross-border payment firms in Europe, the US and South Africa

2020-10-5 13:26
payment ripple africa south banks partner finastra

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South African Firms Ordered to Cease and Desist in 2 US States for Crypto Debit Card Fraud

Two U. S. states have issued emergency cease and desist orders to South African firms and a South African national promoting a cryptocurrency debit card scheme. The companies claim that the card is like a traditional Mastercard but the states say the scheme is fraudulent.

2020-8-17 21:40	texas
states card african south debit desist scheme

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South African Firms Ordered to Cease Crypto Debit Card Scheme in 2 US States

2020-8-18 21:40	texas
scheme states card south african debit firms

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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

2020-4-19 19:50	South Korea
south blockchain golden korean market seize opportunities

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Coronavirus: Chinese Insurance Firms Tap Blockchain for Rapid Claims Processing

Chinese Insurance service providers are increasingly adopting blockchain technology for faster claims processing to significantly reduce the need for face-to-face contact amidst the coronavirus outbreak in the region, reports The South China Morning Post on February 10, 2020.

2020-2-10 22:00	DLT
processing insurance blockchain chinese coronavirus claims region

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Bitmain Begins Expansion into South America

Bitmain is looking to establish a significant presence as it partners with two Bitcoin mining consulting firms. Meanwhile, co-founder Jihan Wu continues to consolidate his hold on the company amid an ongoing power struggle.

2019-12-12 15:03
bitmain consolidate continues jihan meanwhile co-founder hold

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11 South Korean Firms set to Launch Blockchain Based Identity Certification Service

South Korea, a developed country known for actively promoting the use of blockchain technology in various sectors like education, finance and many more. Now a consortium comprising of 11 major companies in South Korea is now commercially offering a Blockchain mobile identity certification service, named Initial.

2019-12-7 00:49	Announcements
blockchain south service certification korea identity korean

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Kakao’s Klaytn DLT Project holds First Meeting with Consortium Members

Klaytn (KLAY), the blockchain project from the stables of South Korea’s messaging giant, Kakao, has selected 27 highly reputed firms that will make up its governing council and the consortium has successfully held its inaugural meeting.

2019-11-29 22:00
klaytn consortium blockchain kakao members meeting project

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Crypto Exchange Coinplug Raises $6.4 Million from Major Korean Firms

South Korea-based Coinplug, a leading Bitcoin (BTC) exchange, wallet and payment company, has raised 7.5 billion won (appr. $6.4 million) from the venture capital divisions of several major local financial institutions. Coinplug’s management noted in...

2019-10-25 11:23	South Korea
coinplug major million exchange capital divisions venture

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Shinhan Bank Teams With Kakao’s GroundX for Blockchain Security Boost

One of the oldest and largest banks in South Korea has partnered with two fintech firms to build a new security system using blockchain tech.

2019-8-14 12:56
blockchain security two fintech partnered south korea

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Six Korean Fintech Firms Join Hands To Develop A Blockchain For OTC Securities Trading

Six fintech companies in South Korea have signed an agreement to create a blockchain-based platform that will help in trading of unlisted securities. CoinDesk reports that the aim of the consortium is to create a blockchain platform that will reduce the costs of transactions, fasten them and make them secure. The platform will aim at […]

2019-8-9 00:54	Blockchain Technology
platform trading create securities aim blockchain six

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South Korean Crypto Exchange Signs With Security Companies to Lock Down Tokens

Coinone has partnered with two security and disclosure firms to ensure compliance with South Korea's new cryptocurrency regulations.

2019-8-8 02:30
south security firms disclosure regulations ensure cryptocurrency

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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 […]

2019-8-6 23:37	Announcements
market south fashion partnership korea stablecoin based

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Samsung Joins Major Korean Companies To Develop Self-Sovereign Blockchain Mobile ID System

South Korean firms are working together in order to launch a new blockchain identification system to be released in 2020. The information was released by the Korea Times on July 14. The intention is to create a new ID system that would require no intermediaries.

2019-7-15 16:49	Announcements
system blockchain korean together new released south

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Samsung Teams With Banks, Telcos for Mobile ID Network Based on Blockchain

Tech giant Samsung Electronics is joining six other major South Korean firms to develop a blockchain-based certificate and ID authentication network.

2019-7-16 15:45
samsung network major south authentication six korean

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South Korean Hospitals Now Make Use of Blockchain Thanks to Longenesis and Bitfury’s Exonum

Longenesis has signed individual agreements with Hanshin Medipia and Infinity Care that will allow the two medicare firms to make use of its data/record maintenance blockchain system. In the past, Longenesis has signed two other similar partnerships with Incheon-based Gil Medical Center and Terragene.

2019-7-2 18:13	Blockchain Technology
longenesis signed two use make blockchain medical

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Samsung Mulls Collaboration with Blockchain and 6G Firms to Stay Competitive

According to a Bloomberg report published June 16, 2019, South Korean tech giant Samsung is seeking to collaborate with next-generation platform firms to stay competitive in the rapidly advancing technological industry.

2019-6-17 19:00
stay samsung tech competitive pace firms blockchain

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South Korea: Financial Regulator Authorizes 9 Fintech, Blockchain Firms for Trial Operations

Nine fintech companies, some blockchain-related, have been authorized by the South Korean Financial Services Commission to operate in the regulatory financial sandbox

2019-5-3 16:54	South Korea
financial fintech south korean authorized services regulatory

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Kakao to Start Another Round of Funding Following $90 Million Initial Round

Following a $90 million raise from KaKao Corp. for their upcoming blockchain platform, it has been announced on March 10, 2019, that they will begin a new round on March 12, 2019. Getting a Head Start As part of the latest group of South Korean firms venturing into blockchain such as the Kolon Group andRead MoreRead More.

2019-3-12 21:00	News
round blockchain group 2019 kakao start march

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The Government of Seoul Is Looking to Close the Blockchain Funding Gap

In yet another bold step towards becoming the next blockchain hub, the city of Seoul announced on February 18, 2019, that it will offer $1 billion in funding towards blockchain and fintech firms up to the year 2022.

2019-2-21 04:00	Startups
blockchain funding towards seoul once again thrown

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South Korean Capital’s $1 Billion Startup Fund Will Include Blockchain Firms

The Seoul Metropolitan Government has committed over $1 billion to invest in innovative startups by 2022, including blockchain firms.

2019-2-19 15:40
firms blockchain billion committed invest innovative 2022

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Why South Korea Had to Ban Crypto ICOs and Risk Losing Multi-Billion Dollar Opportunities

This week, the government of South Korea officially decided to maintain its existing blanket ban on domestic initial coin offerings (ICO) in a move that could benefit other major crypto markets in Asia.

2019-2-4 05:15	South Korea
crypto ban government ico domestic south korea

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South Korea Will Remain Firm on Maintaining ICO Ban, Reveals Country’s Financial Watchdog

CoinSpeaker South Korea Will Remain Firm on Maintaining ICO Ban, Reveals Country’s Financial Watchdog According to FSC, the ban will not be lifted, as firms conducting ICOs were making use of foreign jurisdictions, but still raising funds from South Korean nationals.

2019-2-1 10:49	STO
ban south reveals financial ico country watchdog

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South Korean Blockchain Platform Klatyn Announces Partnership with Numerous Blockchain Firms

Klatyn, the blockchain platform of South Korea’s Messenger Kakao, announced partnerships with several blockchain-based applications and projects on December 10th, 2018. Bringing Blockchain to the People These projects were selected due to the criteria of also being “large user pool-based service providers.

2018-12-13 14:00
blockchain kakao south projects percent klatyn platform

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South Korea Approves Its First Cryptocurrency Exchange Upbit

South Korea’s Internet and Security Agency (KISA) awarded Upbit an information security management system (ISMS) license, for its strong infrastructure. Upbit Becomes First ISMS Licensed Exchange Upbit, South Korea’s largest cryptocurrency exchange by volume, has become the first to obtain an ISMS license.

2018-11-27 19:00	Upbit
upbit isms south exchange korea license kisa

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Huobi Group Sets Up Communist Party Committee in Beijing

As part of its desire to forge deeper ties with the Chinese government, Huobi Group, the parent company of digital asset platform Huobi, has formed a Communist Party committee in China, according to an announcement by the company.

2018-11-20 00:18	China
party huobi china communist beijing government company

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Korean, Singaporean Firms Form Consortium to Create a Global Healthy Blockchain Ecosystem

Several big firms in South Korea and Singapore have banded together to create a blockchain consortium to enhance the ecosystem.

2018-11-2 17:54	News
blockchain ecosystem consortium create firms singapore enhance

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Cryptocurrency exchange Bitstamp acquired by Belgium investment firm

Luxembourg-based cryptocurrency exchange desk Bitstamp has been acquired by NXMH, a Brussels-based investment firm owned by the South Korean conglomerate Nexon Holdings (NXC), the company announced today.

2018-10-29 14:48
bitstamp exchange company deal cryptocurrency nxhm percent

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Guess Who’s Hiding The Most Bitcoin

There are conspiracy theories and speculation all over the crypto space on who holds the most Bitcoin that is currently in circulation. Big mining firms, exchanges, and funds are mainly called Whales as they hold on to the most Bitcoin and have been called responsible for the big amounts of Bitcoin around today.

2018-10-11 14:00	Bitcoin
bitcoin most crypto big exchanges country malta

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Korean Financial Watchdogs Probing Blockchain Firms Over ICO Activity

South Korean regulators are contacting local blockchain startups as part of an investigation into initial coin offerings, according to CoinDesk Korea.

2018-9-12 17:00	ICOs
blockchain korean investigation part coin coindesk korea

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The Race Is On For Asia’s Crypto Valley

Several Asian countries, such as the Philippines, South Korea, and Thailand are vying to be the next blockchain hub, by easing regulations and enticing fintech firms.

2018-8-20 18:57	News
thailand next vying hub fintech firms enticing

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Cryptocurrency Exchanges Excluded from Venture Firms List by South Korean Government, Angers Cryptocurrency Platform Operators

Cryptocurrency exchanges in South Korea have condemned their exclusion by the country’s government from the classification of venture firms. Many platform operators believe the development is not in the best interest of the nascent cryptocurrency industry.

2018-8-17 19:58	Cryptocurrency News
cryptocurrency government south korean operators platform venture

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ICO Research Firms in South Korea Are Gaining Popularity

The rising threat of frauds and blatant exit-scams from ICO firms and token issuers is set to slow down in the months to come, as several cryptocurrency-centric security firms have set up shop to fight against the nuisance, reported Business Korea on July 30, 2018.

2018-8-1 01:00	South Korea
firms ico korea set sector security popularity

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South Korean Tech Company LG Joins Linux Foundation Hyperledger Project

Linux Foundation’s project was also joined by several crypto firms including Omnitude, Coil, ChainDigit, and Chainyard.

2018-7-31 18:40	News
project foundation linux chainyard firms crypto several

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Cryptocurrency Industry Creating Research Centers to Protect Investors From ICO Scams

According to BusinessKorea, specialized cryptocurrency research centers have recently opened in South Korea with the goal of providing cryptocurrency investors a better-informed understanding of the cryptocurrency market.

2018-7-31 08:28	News
cryptocurrency investors centers research market protect analysts

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Cryptocurrency Industry Creating Research Centers to Protect Investors From ICO Scams

2018-7-31 21:21	Cryptocurrency News
cryptocurrency investors centers research protect market scams

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South Korea’s amended tax system does not offer any major benefit to Crypto transactions

Although the government has considered tax rebates to blockchain firms, crypto exchanges have been exempted from the tax perks. On Monday, the South Korean government proposed some changes to the existing law structure.

2018-7-30 19:05	Startups
tax crypto government considered south structure exchanges

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South Korea’s Revised Tax Structure Gives No Major Benefits To Crypto Exchanges

Although the government has considered tax rebates to blockchain firms, crypto exchanges have been exempted from the tax perks. The post South Korea’s Revised Tax Structure Gives No Major Benefits To Crypto Exchanges appeared first on CoinSpeaker.

2018-7-30 17:12
tax exchanges crypto revised gives south structure

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Yes, Stablecoins Can Secure Official Audits from Major Firms

“We have nothing to hide,” says Tory Reiss, VP of corporate development at TrustToken. Like the market’s most popular stablecoin, Tether, TrustToken's TrueUSD is fiat-collateralized.

2018-7-26 18:55	Digital assets
tether company reiss funds trusttoken smart trueusd

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South Korean Firms Flock to Singapore for ICO Purposes

Even though the initial coin offering industry has attracted a lot of attention, it is also a problem. Especially when it comes to regulation, the opinions on ICOs are quite divided. With South Korea still banning this activity, a fair few domestic firms are organizing ICOs in Singapore due to its regulatory-friendly climate. Singapore Welcomes […]

2018-6-26 21:00	South Korea
singapore south icos firms korea still banning

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Bitcoin mining difficulty drops for first time since September 2024 as BTC price dips below $100k

Bitcoin’s mining difficulty decreased for the first time since September 2024, coinciding with the top asset price falling below the $100,000 mark. According to CloverPool data, the difficulty level fell by 2.

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