News
A Daegu-based university has made a deal with the Korea Artificial Intelligence Association to build a blockchain campus.
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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
Advances in payment settlements and decentralized ledger technology are driving central banks to consider digital currencies, according to a recent Bank of Korea report.
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The COVID-19 crisis has pushed people to seek alternative technological solutions as blockchain and crypto become more popular.
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Another cryptocurrency exchange in South Korea delists XMR amid the Nth room sex scandal case.
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South Korea's regulatory sandbox has graduated several projects, resulting in the creation of 380 blockchain-related jobs and over $110 million in new investments.
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SK Telecom released the world’s first 5G phone with a blockchain-powered ID authentication service incorporated.
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Millions of dollars in ETH stolen from Upbit in 2019 continues to move on unknown wallets, OKEx, and a little-known exchange.
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Blockchain-powered rewards startup MiL.k strikes a partnership with a retail cluster in downtown Seoul, bringing the technology to “millions.”
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The South Korean blockchain space sees many new platforms trading for unlisted stocks, following an offering from state-backed Koscom last year.
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While Facebook’s Libra project appears to have stagnated after facing international pushback from regulators, rival blockchain platform Celo is gaining momentum.
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South Korea’s smart city Sejong will be establishing a blockchain-based identity verification platform for self-driving vehicles.
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A newly unearthed report from South Korea’s financial watchdogs has revealed the rationale behind the country’s 2018 crypto crackdown.
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Experts warned that South Korean authorities may struggle to identify all people who used crypto payments.
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Almost 40 people involved in the “Nth Room” case were identified by South Korean authorities.
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Blockchain-based platform, MiL.k, has joined up with accommodation platform Yanolja, bolstering rewards points usability.
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