SEC seeks to question Terraform Labs co-founder Daniel Shin in Korea
The Securities and Exchange Commission wants to question Daniel Shin on Do Kwon and Chai Corporation’s relationship with Terraform Labs. Go to Source
South Korea
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Anthropic AI raises $100m from South Korea to bolster telecommunications industry
The Google-backed AI developer Anthropic raised $100 million in funding from South Korean telecommunications giant SK Telecom to bolster industry. Go to Source
South Korea arrests Bitsonic CEO for stealing $7.5 million of users’ money
The Vice President of the crypto exchange would also be put on trial, but without preliminary detention. Go to Source
Korean superconductor LK99 joins memecoin craze
The world’s supposed first room-temperature ambient pressure superconductor already has a memecoin. Go to Source Powered by WPeMatico
South Korea to pilot CBDC in one of these three cities, not Seoul
South Korea pushes forward with its CBDC pilot and targets three potential test regions for issuing and distributing the digital currency. Go to Source Powered by WPeMatico
Korean banks to research the stablecoins alternative
Hana Bank plans to conduct research on certificate of deposit tokens, while Woori Bank’s research department has already recently released a report on them. Go to Source Powered by WPeMatico
Terraform Labs appoints new CEO from existing team: Report
Chris Amani, a Terra employee since 2021, has reportedly been serving as the company’s CEO for months. Go to Source Powered by WPeMatico
South Korean central bank charts out future course of payment systems, CBDC
The BOK 2022 Payment and Settlement Systems Report is a forward-looking document with ambitious plans for financial technology in the country. Go to Source Powered by WPeMatico
South Korean Shinhan Bank completes stablecoin remittance pilot with Asian partners
The bank used the Hedera network to settle payments in South Korean, Thai and Taiwanese currencies in real time in its second stablecoin pilot project. Go to Source Powered by WPeMatico
Ripple’s major success in its court battle with the SEC: Law Decoded, July 10–17
Ripple Labs scored a partial victory in its lengthy legal battle with the United States Securities and Exchange Commission, which dates back to 2020. Go to Source Powered by WPeMatico