2023-11-24 10:42 |
As per the Bank of Korea, citizens will only be able to use digital won to buy selected goods. South Korea is gearing up to launch its first pilot of a central bank digital currency (CBDC) with 100,000 citizens in… origin »
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The Bank of Korea sees a CBDC as a potential answer to problems with existing government-issued grant systems, such as during the COVID-19 pandemic or childcare vouchers.
2023-11-24 13:18 | |
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The Bank of Korea sees a CBDC as a potential answer to problems with existing government-issued grant systems, such as during the COVID-19 pandemic or childcare vouchers.
2023-11-23 13:18 | |
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Participants will be restricted to using the CBDC only for payment, without an option to store, exchange or send it to other users.
2023-11-24 12:06 | |
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South Korea is planning to introduce blockchain-based digital IDs for its citizens with a smartphone by 2024, according to Bloomberg. These digital IDs will be installed on smartphones and work as effThe post South Korea to provide blockchain-based Digital IDs to its citizens appeared first on AMBCrypto.
2022-10-18 02:00 | |
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Officials in Seongnam, South Korea, have announced plans to digitally recreate their town in the Metaverse, providing citizens with access to municipal information and services using non-fungible token (NFT) identification.
2022-9-15 14:00 | |
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The Beijing government just published a two-year plan for Metaverse development and Web 3. 0 innovation that all districts must adhere to. What do South Korea, Saudi Arabia, and South Africa all have in common? Well, the citizens from these countries have positive opinions about the Metaverse, and all are somewhat investing in technology.
2022-9-4 21:27 | |
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Two EU citizens have been indicted for violating U.S. sanctions on North Korea when they jointly planned a crypto conference there.
2022-4-27 10:59 | |
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South Korean regulators are ramping up measures to protect its citizens from fraudulent activities carried on by foreign crypto-projects. In fact, it has now announced that it will be blocking foreignThe post South Korea: KFIU's notice to 27 foreign crypto-exchanges fuels shutdown concerns appeared first on AMBCrypto.
2021-7-23 03:30 | |
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The Bank of Korea (BoK) has come out to warn that the increasing cases of leveraged crypto trading by South Korean citizens pose a significant threat to the country’s financial system. A report unveiled this news on May 27, citing remarks from BoK’s governor, Lee Ju-yeol, who spoke after a monetary policy committee meeting yesterday.
2021-5-28 18:31 | |
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Government lawyers implied that citizens could legally pass along nuclear secrets to North Korea if held to the same standards as Griffith.
2020-11-23 00:50 | |
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Quick take: The three major economies of China, France, and South Korea have recently been linked with expressing interest in launching their own Central Bank Digital Currencies. Interest in crypto by private citizens has risen slowly but surely after numerous signs of a global recession.
2020-4-11 16:29 | |
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Virgil Griffith, a researcher at the Ethereum Foundation has been the talk of the cryptocurrency industry this past weekend after traveling to North Korea to speak on blockchain technology. He is accused of going to teach citizens about using blockchain to avoid United States sanctions, despite receiving multiple warnings not to do so.
2019-12-2 10:27 | |
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Although cryptocurrency’s ability to become a global currency has been applauded by many, few understand its ripple effect on cross-border applications. A common example are OFAC rules that prohibit U.
2019-7-22 22:00 | |
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South Korea is a global crypto hot spot and its citizens are some of the most enthusiastic crypto traders in the world. The technology-focused country continues to adopt blockchain solutions with South Korea’s largest bank Kookin the latest to announce a new crypto initiative.
2019-6-19 22:30 | |
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South Korea will test out a new blockchain voting system this month, sources close to the developments have confirmed to Bitcoin Magazine. Developed by the country’s National Election Commission (NEC) and its Ministry of Science and ICT, the distributed ledger system is based on IBM’s Hyperledger Fabric and will be used to authenticate voters and save voting results in real time.
2018-12-4 21:41 | |
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Filipino authorities have advanced on international criminals suspected of running a large-scale Bitcoin pyramid scheme. Authorities have detained two of the six individuals thought to have defrauded South Korean investors for over $33 million, while the others remain on the run.
2018-10-4 16:35 | |
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Forty-two lucky South Korean citizens are soon to undergo intensive training to become proficient in Blockchain technology, thereby setting them up for immediate employment within the country. According to Kinews, a South Korean news service, the training is part of a wider $100 billion development strategy to help boost South Korea’s technology industry, specifically in the realm of distributed ledger technology.
2018-9-6 16:00 | |
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South Korean authorities are collaborating with the Walton Blockchain Research Institute to make 42 people proficient in Blockchain technology and get immediate employment in the country, as first reported by local news source Kinews on August 3, 2018.
2018-9-5 15:00 | |
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A report by South Korea’s state-run Korea Development Bank (KDB) suggests that North Korea has been mining cryptocurrencies, according to local media. In addition, a technology firm in the country is developing an exchange platform for bitcoin, while average citizens of North Korea have little knowledge of cryptocurrency, the report claims.
2018-8-28 07:45 | |
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South Korean city Chuncheon has joined with Swytch in a partnership to expand and accelerate the city’s use of renewable energy. In a move that mirrors other government investments in the blockchain, the agreement between the city and Swytch will see the two organizations examining how to use Swytch technology to make more citizens benefit […] South Korea Blockchain Industry Blooming – Swytch Announces Partnership to Expand Possibilities for Renewable Energies was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.
2018-8-20 13:59 | |
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Cryptocurrency exchange Binance is making plans to expand operations into South Korea, reports Business Korea. Per the report, Binance CEO Changpeng Zhao hinted at his company's expansion plans while speaking at the Blockchain Partners Summit in Seoul last weekend.
2018-7-25 00:26 | |
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The Seoul Southern District Prosecutors’ Office has launched a formal joint investigation unit that exclusively tackles crypto-related crimes and fraud cases. According to a report by Aju News, the department is named the Seoul Southern District Prosecutors’ Office-run Joint Investigation…
Police in Jeju, South Korea, are investigating the murder of a Chinese national believed to have been killed during a cryptocurrency transaction. Jeju West Police Station announced that four Chinese nationals—two women and two men, including one in his 60s…
South Korea plans to gradually allow corporations to begin trading crypto, according to the latest announcement by the Financial Services Commission. On Feb. 13, the SFC released a press release in which it outlined a phased lift on a ban…
Former South Korean lawmaker known for the Coin Gate scandal, Kim Nam-guk, has been declared ‘not guilty’ of all charges by court. According to a report from local media News1, a Seoul Southern District Court judge found Kim “not guilty”…
Litecoin’s price surged on Feb. 10, breaking out of its recent consolidation phase, as optimism around the potential approval of a spot LTC ETF this year continues to remain strong. Litecoin (LTC) rallied over 10% to an intraday high of…
South Korea should introduce cryptocurrency exchange-traded funds to stay competitive in global finance, according to the chairman of the Korea Exchange (KRX). In a recent interview in Seoul, chairman Jung Eun-bo stressed that with South Korea being the “third-largest real…
The CEO of a major South Korean P2P lender has been accused of using funds for a construction project to make personal crypto purchases. According to a report by local media outlet NBN Media, an unnamed investor and private equity…