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South Korean telecommunication giant KT Corp announced its intent to launch a blockchain digital document initiative to tackle carbon emissions. Go to Source Powered by WPeMatico
The increased trading volume comes following the country’s Financial Services Commission requiring crypto trading platforms to register as digital asset service providers before Sept. 24. Go to Source Powered by WPeMatico
A former central bank official, nominated to head South Korea’s financial watchdog, has expressed skepticism about recognizing cryptocurrency as a financial asset. In comments to a parliamentary committee, Koh Seung-beom has confirmed his views on the matter align with those of international institutions. Candidate to Head Korea’s Financial Regulator Says Crypto Is Not Currency […] … Read more
Seung-beom Koh said that fintech experts across the globe “find it difficult to see virtual currencies as a financial asset.” Go to Source Powered by WPeMatico
Upbit is one of South Korea’s largest cryptocurrency exchanges alongside Bithumb, Coinone and Korbit — who are collectively referred to as “The Big Four.” Go to Source Powered by WPeMatico
U.S.-based crypto trading platform Bitfront is going to discontinue services in South Korea before stricter rules for the industry are enforced in September, Korean media reported. The exchange, a subsidiary of Japanese tech giant Line, is currently available to Korean traders. Line’s Bitfront Exchange to Discontinue Services for Korean Cryptocurrency Traders With tighter regulations on … Read more
Kakao wants to keep up with the enterprise blockchain competition in Asia as it eyes expansion to Singapore. Go to Source Powered by WPeMatico
On Friday, the product comparison website Finder published the company’s August Cryptocurrency Ownership Report, which surveyed 42,040 citizens across 27 countries. The report ranks countries by digital currency adoption and it shows regions like Vietnam, Indonesia and India have the highest number of people who reported owning cryptocurrency. In Terms of Crypto Ownership Vietnam, Indonesia, … Read more
The crypto exchange giant said the decision was part of efforts aimed at proactive compliance with regulatory demands. Go to Source Powered by WPeMatico
On August 13, the cryptocurrency exchange Binance revealed it is ending a great number of services in South Korea. The company noted in the announcement that it evaluated local regulations and “will discontinue the following offerings in Korea, effective immediately.” Binance Ends Korean Crypto Services Last week, former CEO of Binance US and former acting … Read more
