In a bid to combat illegal activities and effectively monitor crypto transactions, Korea’s National Tax Service has embarked on the development of a cutting-edge management system. The initiative aims to enhance regulatory measures and address the growing concerns surrounding illicit…
This South Korean City Is On Its Way To Become a Blockchain Mega city After a $75 Million Investment
There’s a coastal city in South Korea named Busan. So, this South Korean City wants to make revolutionary moves in the country by launching its own public blockchain. South Korean City, Busan, Makes $75 Million Investment Financial Bodies Interested In…
Here’s this New Report That Shows 70% of South Korea’s Overseas Assets are Cryptocurrencies
Asians have a huge interest in the crypto industry. So, even when they are not in their country, they usually use cryptocurrencies for different reasons. This is according to a new report about South Korea’s overseas assets. South Korea’s Overseas…
South Korea Central Bank Pushing For Stablecoin Regulation
The Bank of Korea (BOK) has stated that it is seeking increased statutory authority to regulate stablecoins. BOK revealed its position in a report published on December 11 as part of its efforts to control the growing digital asset industry.…
Blockchain Powered IDs will be used in South Korea by 2024
South Korean citizens will be using digital IDs instead of traditional resident cards as proof of identity by 2024. It will be secured by blockchain technology and will work in tandem with smartphones. This will make it easier to verify…
A major Seoul blockchain push by the local government for citizen ID cards in the city
South Korea is a happening place as far as the blockchain technology is concerned. The recent Seoul blockchain push by the local government for citizen ID cards will consolidate the gains.
Samsung makes $2.9 Million Dollar Investment in Crypto Hardware Wallet Ledger
The largest conglomerate out of South Korea and one of the world’s biggest brands Samsung, has invested $2.9 million in crypto hardware wallet manufacturer and custodial service provider ledger in a high profile deal. The deal will see millions pumped…
Bithumb pushes cryptocurrency adoption in Korea
Bithumb, the largest crypto exchange in Korea is pushing cryptocurrency adoption in Korea. Over 6,000 stores in the country will soon accept cryptocurrency as a mode of payment, thanks to Bithumb.
South Korea will not Be Lifting ICO Restrictions, citing Violation of Rules
South Korea’s top financial regulator, that was expected to relax restrictions on domestic initial coin offerings (ICOS), now says it will not be lifting the restrictions citing violation of rules by some ICO projects. A report from Coindesk Korea read;…
Two Seniour Executives of South Korean Crypto Exchange, Komid, jailed for Faking Trade Volumes
News coming out of South Korea indicate that two leaders of popular crypto exchange, Komid, have been sentenced to jail for the offense of faking exchange volumes, all this was reported by South Korean crypto publication, blockinpress. CEO of the…
High Stakes Trial of Avi Eisenberg Involves Alleged 110 Million Dollar Theft from Mango Markets Crypto Exchange
In the high-stakes trial of Avi Eisenberg, a 28-year-old trader, federal jurors in New York were presented with divergent narratives regarding his alleged manipulation of the Mango Markets cryptocurrency exchange, resulting in the theft of a staggering $110 million. The…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a transformation that is sending shockwaves through the market. Regardless of whether you are an experienced BTC price speculator or a newcomer to the crypto arena,…
