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South Korea to pilot CBDC with 100k citizens in late 2024
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… дальше »
2023-11-24 10:42 | |
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South Korea to provide blockchain-based Digital IDs to its citizens
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. дальше »
2022-10-18 02:00 | |
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A City in the Metaverse? South Korea’s Seongnam Plans NFT Citizenship
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. дальше »
2022-9-15 14:00 | |
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Beijing Announces a Two-Year Plan for the Metaverse
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. дальше »
2022-9-4 21:27 | |
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Two more charged with teaching North Koreans to evade US sanctions with crypto
Two EU citizens have been indicted for violating U.S. sanctions on North Korea when they jointly planned a crypto conference there. дальше »
2022-4-27 10:59 | |
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South Korea: KFIU's notice to 27 foreign crypto-exchanges fuels shutdown concerns
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. дальше »
2021-7-23 03:30 | |
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BoK says leveraged crypto trading poses a threat to the banking system
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. дальше »
2021-5-28 18:31 | |
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Why a Central Bank Digital Currency (CBDC) Will Be Launched Soon
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. дальше »
2020-4-11 16:29 | |
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Ethereum Founder Comes Out in Support of Virgil Griffith
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. дальше »
2019-12-2 10:27 | |
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Coinbase’s Brian Armstrong calls for a collective effort from crypto-businesses
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. дальше »
2019-7-22 22:00 | |
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South Korean banks spearhead blockchain adoption
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. дальше »
2019-6-19 22:30 | |
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South Korea Is Trialing Blockchain Voting — Here’s What That Means
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. дальше »
2018-12-4 21:41 | |
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Philippines to deport fugitives to South Korea for $33M Bitcoin scam
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. дальше »
2018-10-4 16:35 | |
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Citizens In South Korea Begin Training To Become Proficient In Blockchain Technology
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. дальше »
2018-9-6 16:00 | |
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South Korea Begins Training Citizens to Lead its Distributed Ledger Technology (DLT) Ecosystem
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. дальше »
2018-9-5 15:00 | |
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Report Finds Mining Activity and Bitcoin Exchange Development in North Korea
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. дальше »
2018-8-28 07:45 | |
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South Korea Blockchain Industry Blooming – Swytch Announces Partnership to Expand Possibilities for Renewable Energies
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. дальше »
2018-8-20 13:59 | |
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Binance Plans to Expand Into South Korea
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. дальше »
2018-7-25 00:26 | |
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