2020-2-28 19:35 |
South Korea’s NongHyup Bank rolls out first commercial use of blockchain ID technology backed by tech giant Samsung
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A foreign employee of South Korea-based Busan Bank stole roughly 1. 48 billion won of customer funds and invested the money in crypto assets like Bitcoin (BTC), local media reported on August 1. The post South Korea-based Busan Bank’s employee steals 1.
2022-8-1 19:00 | |
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South Korea's central bank plans to hire additional experts as it studies digital currencies and blockchain technology.
2019-12-28 20:15 | |
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After successfully trialing blockchain-based payments for wholesale interbank settlement, South Africa’s central bank has scooped up the award for Best Distributed Ledger Initiative at Central Banking’s “FinTech RegTech Global Awards 2018.
2018-9-11 00:00 | |
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South Korea’s giants Shinhan Bank and KT partnered to develop a blockchain platform to capitalize on digital vouchers, which will be introduced by the regional governments.
2018-8-9 08:28 | |
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The South African Reserve Bank (SARB), South Africa’s Central Bank, has concluded a multi-bank project to test bank-to-bank payment transfers using the Ethereum based platform, Quorum. Project Khokha is a collaboration of eight South African banks including SARB, Absa, Capitec, Discovery, Investec, FirstRand, Nedbank, and Standard Bank.
2018-7-1 01:00 | |
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South Korea's FSC plans to begin monitoring exchange bank accounts and coin transactions via foreign exchanges to look for signs of money laundering.
2018-6-27 22:29 | |
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Francois E. Groepe, deputy governor of the South African Reserve Bank (SARB), said that it does not consider digital coins securities or currencies. He suggested that SARB does not prefer to use the term “cryptocurrency.
2018-6-27 16:19 | |
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Banks in South Korea are now required to monitor all accounts held by crypto exchanges following a tightening of anti-money laundering measures.
2018-6-27 12:40 | |
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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.
2018-6-24 17:36 | |
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This week, leading South Korean crypto exchange Bithumb experienced a major hack, while Mt Gox, the most notorious exchange to be hacked in bitcoin history, is also back in the news.
2018-6-24 20:05 | |
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On Monday, the Bank of Korea [BOK] said that it has no plans of issuing Central Bank Digital Currency [CBDC] fearing ‘moral hazard to society’. The BOK is the central bank of the Republic of Korea, and is the sole authority that can issue the South Korean won.
2018-6-21 00:28 | |
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Following an earlier announcement that South Korea was considering the introduction of a Central Bank Digital Currency (CBDC), the country’s central bank has since pulled the plug on the idea — with regulatory roadblocks and fears of market destabilization ranking amongst the leading reasons for the recall.
2018-6-20 03:00 | |
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The central bank of South Korea prefers to stay away from the uncharted territory of sovereign digital currency to avoid potential risks to monetary policy and financial stability.
2018-6-19 11:11 | |
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South Korea’s central bank has said that it opposes the idea of issuing a central bank digital currency (CBDC). The news comes from the Bank of Korea’s (BOK’s) report about coins and the crypto-ecosystem, which looked at the possibility of issuing a CBDC and also how digital currencies might influence Korea’s financial sector as a.
2018-6-19 01:00 | |
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South Korea’s central bank has announced that it does not plan to launch its own digital currency over fears it could destabilize the economy. According to The Korea Times on Monday, the BoK said that issuing a central bank digital currency (CBDC) could pose a “moral hazard” by adversely affecting monetary policy and its implementation, and possibly
2018-6-19 23:06 | |
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South Korea's central bank has announced that it does not plan to launch its own digital currency over fears it could destabilize the economy.
2018-6-19 19:15 | |
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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.
2018-6-18 10:37 | |
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The Japan Bank Consortium — a coalition of 61 banks in Japan, organized by SBI Ripple Asia — has announced the launch of a new Ripple pilot with Woori Bank and Shinhan Bank, two of South Korea’s largest banks with a collective market capitalization of more than $30 billion.
2018-6-17 12:50 | |
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The Kimchi premium has seen a definite rebound after Christmas, recovering to 3. 83% on Dec. 27. While this is still significantly lower than the 5. 26% recorded on Dec. 22, it still represents a significant difference in Bitcoin prices between South Korea and global markets.
South Korea has announced sanctions against 15 individuals and one entity from North Korea involved in cybercrimes, including large-scale cryptocurrency heists. The move comes amid rising concerns about North Korea’s use of cyber operations to fund its weapons programs and evade international sanctions.
Over 30% of South Koreans now invest in crypto, with 15. 59M holders in November. Crypto trading volume in South Korea now rivals stock markets, with daily trades hitting 14. 9 trillion won. iDEGEN, an AI-powered coin that has raised $8.
A new report shows that more than 30% of the South Korean population holds crypto, with investors now holding over 100 trillion won in assets. South Korea‘s crypto market is rapidly booming as the number of investors reached 15.59 million…
A member of the South Korean national legislature could possibly face imprisonment for allegedly misdeclaring his cryptocurrency holdings. Related Reading: Metaplanet Turns To Bitcoin With Massive 4.
CryptoQuant CEO warns of economic instability and calls for reform in South Korea’s financial policies. In a Dec. 19 post on X, Ki Young Ju, the CEO and founder of CryptoQuant, expressed grave concerns about the status of the Korean…
A former South Korean legislator from the Democratic Party received a six-month prison term for deliberately withholding significant cryptocurrency holdings from his mandatory financial disclosures, in a case that has drawn fresh scrutiny to the transparency standards for public officials in one of Asia’s major economies.