Major Korean crypto exchanges have arranged a crypto regulation debate in the National Assembly, discussing Anti-Money Laundering policies and customer protecti...
South Korea News
South Korea is an important segment of the cryptocurrency market, with a lot of cryptocurrency investments, technological developments and large cryptocurrency exchanges established in the country. South Koreans are famous for have a high percentage of cryptocurrency enthusiasts within the population, but the South Korean government is not so keen on cryptocurrencies. The latest South Korea cryptocurrency news concerns a police investigation into Upbit, South Korea’s largest cryptocurrency exchange that had a massive effect on markets on the 11th of May. South Korean cryptocurrency regulations are pretty tough. ICOs are banned and local cryptocurrency exchanges are being shut down or else have found themselves under increased supervision. The South Korean government is concerned about money laundering, tax evasion and excessive speculations. It is a prospective that foresees the continued actions of lawmakers to push forward with new restrictions.
- News
- News
by Helen Partz
South Korea’s government will spend $3.5 million to set up a blockchain-enabled virtual power plant in the city of Busan.
- News
South Korea’s Shinhan Bank wants to reduce human error in its processes as part of a multi-phase hook-up with blockchain technology.
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A South Korean blockchain startup has announced its intention to file a constitutional appeal against the country’s ICO ban.
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by Ana Berman
A recent report by CryptoCompare shows that South Korean crypto exchanges saw $200 million more in average daily trade volumes than their Maltese competitors.
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The South Korean Financial Supervisory Service has asked two major domestic banks to supplement their currency-related business procedures.
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SK Group has signed an MoU with ConsenSys to create and develop an “enterprise blockchain ecosystem.”
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by Helen Partz
South Korea’s Finance Ministry is considering crypto and ICO taxation in accordance with global trends.
- Analysis
by Joseph Young
Kakao is close to completing the private sale of its cryptocurrency called Clay, raising $300 million.
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North Korean hackers have reportedly carried out over 30 attacks on cryptocurrency users, according to a cybersecurity company.
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The South Korean government will test blockchain technology for online voting, with a trial scheduled for December this year.
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by Helen Partz
KT SAT, South Korea’s sole satellite communication operator, is exploring blockchain benefits for the satellite industry.
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The Tezos Korea Foundation has agreed to cooperate with a South Korean university on blockchain talents development.
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The South Korean government will use blockchain technology for agriculture goods’ tracking, specifically of the beef supply chain.
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The blockchain technology platform Klaytn, the brainchild of Kakao subsidiary Ground X, has been established in Singapore to attract crypto investments.
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