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Could a Blockchain Digital Identity System in South Korea Soon Replace ID Cards?
South Korean officials are considering using a blockchain-based digital identity system for use in governmental and financial processes. The post Could a Blockchain Digital Identity System in South Korea Soon Replace ID Cards? appeared first on BeInCrypto. дальше »
2022-10-17 09:34 | |
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LG Electronics Set to Launch Digital Asset Wallet Called Wallypto
A South Korean technology company, LG Electronics, has applied for a patent registration for its newly invented digital asset wallet code-named Wallypto which is currently being beta tested to limit system errors and crashes. дальше »
2022-9-3 23:30 | |
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Cryptocurrencies Will No Longer Be Taxed In South Korea For The Next Two Years
The South Korean authorities have further postponed the implementation of its cryptocurrency taxation system for another two years. The government cited the devastating conditions that have plagued the markets of late as one reason, further highlighting the preparatory period required to fully enact suitable investor protection measures in the crypto space as a second reason. […] дальше »
2022-7-22 17:32 | |
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AOFEX Globalization: India Branch Established to Develop South Asia Market
Since the implementation of globalization, AOFEX has established branches in Canada and Japan and received excellent outstanding results in local and surrounding regions, thus building a multi-region crypto market system including West Europe, North America, East Asia along with the Headquarter in the United Kingdom. дальше »
2021-10-15 16:21 | |
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Report: Tweaks to South African Tax Filing System to Result in Decreased Crypto Arbitrage
Reports from South Africa suggest that tax authorities have plugged a loophole on the online tax filing system that enabled crypto arbitrage traders to make several purchases on overseas cryptocurrency platforms using just one approval. дальше »
2021-7-17 09:00 | |
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50 Korean crypto firms apply for new licenses as strict regulation looms
Fifty crypto businesses based in South Korea have applied for a license under the new Information Security Management System (ISMS), a government-backed certification that certifies companies that meet stringent standards of data protection and privacy. дальше »
2021-6-17 19:00 | |
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South Africa’s Fintech Working Group Calls For Regulation of Crypto Exchanges
South Africa’s Intergovernmental Fintech Working Group released a new position paper on crypto-assets. In it, they call for the regulation of the country’s current cryptocurrency system. дальше »
2021-6-13 18:29 | |
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South Korea’s Financial Regulator Holds Closed-Door Meeting With 20 Crypto Exchanges
Regional reports disclose South Korea’s Financial Services Commission (FSC) had a closed-door meeting with roughly 20 different cryptocurrency exchanges on June 3. The report highlights that virtual asset business operators (VASPs) that attended the meeting all had ISMS (Information Security Management System) certification. дальше »
2021-6-5 02:00 | |
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Leveraged Crypto Trading is a Threat to Financial System, Warns Bank of Korea
Earlier this week, head of South Korea’s central bank Lee Ju-yeol warned that leveraged crypto trading was a threat to the country’s financial system. “An excessive level of leveraged cryptocurrency trading puts households at risk of financial damages considering the instability of [crypto],” he said. дальше »
2021-5-28 11:41 | |
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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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Bank of Korea to Monitor Crypto Transactions Using Financial Records
South Korea’s monetary policy regulator, Bank of Korea, plans to obtain documents from financial institutions to track crypto transactions involving bank accounts. Cryptocurrency prices fluctuate independently from the real economy, the bank says, adding that market growth could pose a risk to the country’s financial system. дальше »
2021-5-15 05:00 | |
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South Korea To Monitor Cryptocurrency Phishing Due To High Phishing Reports
South Korea's Ministry of Science and ICT is working with the Korean National Police Agency to bust the growing crypto phishing websites through a new system, Yonhap reports. This follows a rise in phishing attempts targeting crypto users. дальше »
2021-5-11 20:05 | |
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South Korea to Unveil Blockchain-Based COVID-19 Vaccine Passports
The South Korean Government has announced plans to launch a distributed ledger technology (DLT) powered COVID-19 certification system. The system will make the verification of the vaccination status of residents possible via a smartphone app, according to a report by The Korea Herald on April 1, 2021. дальше »
2021-4-1 17:00 | |
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Hedera Hashgraph’s HBAR Nearly Triples in Value Following the Real World Usage of Blockchain
The National Health Services (NHS) facilities in England use blockchain technology to keep tabs on the supply and storage of temperature-sensitive COVID-19 vaccines. The system will “allow us to demonstrate our commitment to providing safe patient care,” said Steve Clarke, electro-biomedical engineering manager at South Warwickshire NHS, in a statement. дальше »
2021-1-21 16:59 | |
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South Korea Finalizes New 20% Tax Regime on Crypto Starting in 2023
South Korea has been working towards a suitable tax system for crypto trades and profits for a while now, with different proposals and deadlines. However, after much deliberation, the government has now put forth a viable tax plan for crypto gains. дальше »
2021-1-8 22:55 | |
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Iconloop secures gov backing to test blockchain driver's license project
South Korean blockchain firm Iconloop is set to test a blockchain-based mobile driver’s license system in the country.
дальше »2021-1-4 19:15 | |
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South Korea Unveils Blockchain Strategy to Launch Online Voting and Election System by 2022
During the 16th, 4th Industrial Revolution Committee meeting on June 24, 2020, South Korea’s Ministry of Science and Technology announced plans of developing seven distributed ledger technology-based systems including the launch of a voting and election system by 2022 under the “Blockchain Technology Diffusion Strategy. дальше »
2020-6-25 14:35 | |
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LG CNS Partners Evernym to Develop Blockchain-Powered Identity System
According to an article published by Yonhap News Agency on May 26, 2020, South Korea’s LG Group’s IT service unit – LG CNS Co. – has entered into a partnership with Canada-based Evernym Inc. to develop blockchain-enabled ID system. дальше »
2020-5-27 13:00 | |
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South Korea Passes Bill to Regulate Cryptocurrency in Line With FATF Standards
South Korea’s National Assembly finally passed a bill that provides a framework for the regulation of cryptocurrencies and exchanges. Crypto service providers will be required to use the real-name verification system and comply with reporting requirements in line with the global cryptocurrency standards set by the Financial Action Task Force (FATF). дальше »
2020-3-8 20:38 | |
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South Korean Parliament Legalizes Bitcoin Trading
The National Assembly of South Korea unanimously approved what could be the official entry of cryptocurrency trading and holding into the nation’s legal system. Cryptocurrency Trading Is Now Legal in...The post South Korean Parliament Legalizes Bitcoin Trading appeared first on Crypto Briefing. дальше »
2020-3-6 16:35 | |
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South Korea’s NH Bank Debuts Samsung-Backed Blockchain ID System
South Korea’s NongHyup Bank rolls out first commercial use of blockchain ID technology backed by tech giant Samsung
дальше »2020-2-28 19:35 | |
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Bank of Korea (BOK) Developing Blockchain-Based Bond Issuance System
The Bank of Korea (BOK), the central bank of South Korea, is working on a proof-of-concept (POC) for a blockchain-based bonds issuance system for the region’s bond market, according to a report by Yonhap Infomax on February 18, 2020. дальше »
2020-2-20 12:00 | |
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Samsung’s New Flagship Smartphones Also Supports Blockchain Technology
South Korean technology behemoth, Samsung, recently unveiled the new Galaxy S20 range of phones, which among other features, includes an improved security system that protects the user’s blockchain private key. дальше »
2020-2-20 22:00 | |
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South Korea’s Government Aims to Drop Windows in Favor of Linux
Government officials often rely on Microsoft Windows as their computer operating system. That situation will change significantly in South Korea. It is interesting to see different governments handle their computer-based needs. дальше »
2020-2-18 06:00 | |
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South Korean Crypto Exchange APRObit Adopts Bitfinex Joint Order Book System, Launching in March
It will be the only cryptocurrency exchange available in South Korea that adopts an international joint order book system. APRObit will be the first exchange in South Korea to adopt Bitfinex’s joint order book system, which shares the market depth of Bitfinex’s BTC, ETH, and USDT trading pairs APRObit will be the only exchange inRead MoreRead More. дальше »
2020-2-13 16:00 | |
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Samsung SDS and Syniverse Launch Blockchain-based Mobile Payments System
Samsung SDS, the ICT arm of South Korean electronics company Samsung Group, and Syniverse, a telecommunication services company, have collaborated to develop a blockchain-based platform to enable seamless mobile payments between mobile carriers and enterprises, according to a Ledger Insights report on January 10, 2020. дальше »
2020-1-11 10:00 | |
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Korean Presidential Committee Pushes to Make Cryptocurrency Mainstream
A South Korean committee directly under the president has recommended several measures to the government that will make cryptocurrency mainstream. Emphasizing that “it is no longer possible to stop crypto asset trade,” the committee recommends integrating crypto into the country’s financial system, allowing financial institutions to directly offer a range of crypto products, including derivatives, […] The post Korean Presidential Committee Pushes to Make Cryptocurrency Mainstream appeared first on Bitcoin News. дальше »
2020-1-8 10:30 | |
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PR: Uruguayan President Meets With the Founder of SCRY
Uruguay, nicknamed South America’s Switzerland, has always taken a positive attitude towards the development of science and technology and information economy as well as science and technology services, thus becoming the first Latin American country to step into 5G information this year. дальше »
2019-8-2 12:30 | |
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South Korean Heavyweights KT and NDS are Developing a Blockchain-Based Food Safety System
According to a post published on July 18, 2019, KT (formerly Korea Telecom), South Korea’s largest telephone company, and Nongshim Data System (NDS) an IT affiliate of the food and beverage company, signed an agreement to develop a blockchain-based food safety record system, once again expanding their blockchain services. дальше »
2019-7-20 23:00 | |
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South Korean Credit Card Company Launch First Transaction Service Using Blockchain
According to a post released by The Korea Times on July 15, 2019, Shinhan Card Co. Ltd. , global top-five credit card company in South Korea, obtained a patent for a blockchain-based payment system. дальше »
2019-7-16 09:00 | |
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South Korean Blockchain Icon Project Launches Fee 2.0, a New Transaction Fee System
South Korean based blockchain project Icon, on July 15 launched its FEE 2. 0 platform, that allows Dapp developers pay users’ fee, while also giving them the privilege to stake tokens into the network in order to gradually pay fess in virtual steps. дальше »
2019-7-16 02:12 | |
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Top South Korean Credit Card Company, Shinhan Card, Patents Its Blockchain Payments System
South Korea's most popular credit card firm, Shinhan Card based in Seoul has been granted a patent for its blockchain-based payments system. According to the report shared by the Korea Times, the firm using the newest patent technology has built the global’s first blockchain-powered credit card transformation process that enables settling spending limits, carrying out […] дальше »
2019-7-15 20:22 | |
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Korean blockchain project ICON unveils new transaction fee system
CryptoNinjas - Bitcoin, Cryptocurrency & Blockchain Asset SourceICON, one of the largest blockchain projects in South Korea, today has unveiled ‘Fee 2. 0’ – the new transaction fee system of the ICON Network. дальше »
2019-7-16 20:05 | |
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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. дальше »
2019-7-15 16:49 | |
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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. дальше »
2019-7-2 18:13 | |
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Korean Crypto Exchanges Revise Terms of Service in Boost for Investors
By CCN Markets: According to The Korea Herald, Bithumb and four other major crypto exchanges in South Korea have formally changed their terms of service to become liable for potential hacking attacks that may affect users. дальше »
2019-6-18 21:30 | |
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South Korea’s National Postal Service Starts Partnership With Coinplug Crypto Exchange
The national postal service of South Korea, known as Korea Post, is currently starting a partnership in order to apply the blockchain tech to its current billing system, as reported by local media outlets. дальше »
2019-6-6 04:13 | |
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South Korean Post Teams Up With Crypto Exchange to Apply Blockchain
South Korea’s national postal service Korea Post teamed up with cryptocurrency exchange Coinplug to apply blockchain technology in its billing system
дальше »2019-6-6 22:35 | |
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Largest Power Provider in South Korea Plans to Establish Blockchain System for Renewable Energy
Blockchain technology is finding new use cases around the world, and South Korea is taking advantage of its features in a new announcement by Energy Daily. According to the publication, the Korea Electric Power Corporation (KEPCO) has decided to sign a contract involved two domestic power suppliers. In this contract, KEPCO outlines their plant to […] дальше »
2019-6-5 04:29 | |
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Top South Korean Utility to Co-Develop Blockchain System for Renewable Energy Certificates
South Korea’s top power provider has signed a contract with two domestic power suppliers to create a blockchain-based system for Renewable Energy Certificate transactions
дальше »2019-6-4 16:19 | |
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South Korea’s Shinhan Bank Introduces Blockchain Platform for Document Verification
South Korea’s Shinhan Bank has announced the introduction of a blockchain system that replaces the manual verification process of documents, according to a report by CNB Journal. The blockchain system has been applied to the Shinhan Doctor Loan product aimed at medical professionals and considerably reduces the time spent to verify documents such as certificates […] The post South Korea’s Shinhan Bank Introduces Blockchain Platform for Document Verification appeared first on Coinjournal. дальше »
2019-5-28 13:56 | |
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Oldest S Korean Bank Launches Blockchain-Powered Loans For the Whole Nation
South Korea’s oldest bank, the Shinhan Bank, headquartered in Seoul, has revealed a new loan application system powered by… The post Oldest S Korean Bank Launches Blockchain-Powered Loans For the Whole Nation appeared first on Invest In Blockchain. дальше »
2019-5-28 13:19 | |
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EY built a blockchain for wine snobs to confirm the authenticity of their plonk
Accounting behemoth EY is putting wine on the blockchain. In a press release from last week (spotted by CoinDesk), the company announced it has developed a blockchain-powered platform for tracking the authenticity and origins of wine. дальше »
2019-5-28 12:18 | |
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The Virtual Viewpoint of Volatility: Bitcoin Surpasses All-Time High Price vs Argentinian Peso (ARS)
The quest for world domination from the premier cryptocurrency is getting stronger with each failing fiat currency. The traditional finance system seems to be failing one nation at a time (or a couple nations) as seen by the hyperinflation is some countries in recent years. дальше »
2019-5-28 02:28 | |
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The Earth’s magnetic north pole is shifting rapidly, but the northern lights will stay where they are (for now)
Like most planets in our solar system, the Earth has its own magnetic field. Thanks to its largely molten iron core, our planet is in fact a bit like a bar magnet. It has a north and south magnetic pole, separate from the geographic poles, with a field connecting the two. дальше »
2019-5-25 10:00 | |
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Seoul Mayor still Bullish on Blockchain for Smart City Initiatives
South Korean news outlet Queen. co. kr reported May 20, 2019, that the Seoul city mayor Park Won-soon during the ‘Korea Future Forum & Blockchain Tech Show’ highlighted the use of blockchain and Ai in recording and storing data. дальше »
2019-5-21 19:00 | |
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