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
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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
South Korea to ask firms to disclose crypto holdings from 2024
After initially mandating public officials to declare their crypto, the South Korean authorities now want all local firms to disclose such holdings. Go to Source Powered by WPeMatico
Legal proceedings start for Terraform Labs co-founder in South Korea: Report
Terra co-founder Do Kwon is currently in custody in Montenegro, while Daniel Shin’s trial preparations in South Korea are reportedly underway. Go to Source Powered by WPeMatico
Crypto user moves $160M Bitcoin from Luna Foundation Guard wallet: Report
Blockchain data showed the wallet reportedly associated with LFG had a balance of roughly 6,983 BTC in October 2022, with transactions later moving funds to different addresses. Go to Source Powered by WPeMatico
Robot guest-conducts the Korean national symphony orchestra
The android EveR 6 and conductor Choi Soo-yeoul co-conducted a performance of six pieces with the Korean National Symphony Orchestra. Go to Source Powered by WPeMatico
South Korean crypto lending firm Delio under investigation by regulators
The firm allegedly denied having any exposure to troubled sister lending firm Haru Invest before suspending transfers earlier this month. Go to Source Powered by WPeMatico