South Korean gov’t makes $10.5M profit from 4-year-old Bitcoin crime haul
The coins languished in cold storage for four years after being confiscated by authorities during an arrest. Go to Source Powered by WPeMatico
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South Korea will use blockchain to prevent counterfeit vaccine passports
Blockchain technology is being used to cement confidence in the integrity of new health surveillance measures such as COVID-19 vaccine passports. Go to Source Powered by WPeMatico
South Korea to launch blockchain-based vaccine passports
The Prime Minister of South Korea has announced a blockchain-based vaccine certificate will launch later this month, but the concept has proven controversial across the world. Go to Source Powered by WPeMatico
Study Finds South Koreans Aged 20-39 Mainly Invest up to $100 in Cryptocurrencies
South Korea’s “crypto boom” is a term that the local media has widely adopted to refer to the current hype seen across the Asian nation. In fact, a recent study unveiled a rising trend in the number of South Koreans making small-scale crypto investments. New Crypto Investors Seem Unafraid of Strict Regulations According to the … Read more
South Korea’s ‘Kimchi premium’ is back: Is the Bitcoin rally starting to heat up?
Demand for Bitcoin in South Korea is heating up as the country’s BTC premium rises over 5%. Go to Source Powered by WPeMatico
Major South Korean Bank BNK Busan Plans to Offer Banking Services to Domestic Crypto Exchanges
The South Korean crypto frenzy among the banking industry remains on fire, as another major bank is treading waters to offer banking services for crypto exchanges. The BNK Busan Bank launched a program that consists of visiting competitors’ banks that already offer it. BNK Busan Is Visting Its Competitors to Conduct the Research According to … Read more
South Korea faces strict crypto regulation and fears of centralization
The growing cost of compliance in South Korea could push smaller crypto businesses out of the country. Go to Source Powered by WPeMatico
Experts say new South Korean crypto rules will create a monopolized market
Blockchain industry members claim that smaller-scale startups have struggled to forge partnerships with local banks in South Korea and are therefore unable to register under regulators’ new requirements. Go to Source Powered by WPeMatico
OKEx Korea crypto exchange to shut down as new reporting laws take effect
OKEx Korea announced that it’s shutting down as South Korean authorities prepare to enforce a new regulatory framework for the crypto industry on Thursday. Go to Source Powered by WPeMatico
South Korean internet giant Naver reportedly joins Bithumb stake race
Naver is reportedly looking to strengthen its position in the crypto industry with a potential equity stake in South Korea’s largest crypto exchange. Go to Source Powered by WPeMatico