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KB Kookmin Bank (KB), the largest commercial bank in South Korea, has agreed on a deal with blockchain venture fund Hashed and crypto exchange Cumberland Korea to offer bitcoin custody services. In January, the government-owned bank filed its trademark application for digital assets custody with the Korean Intellectual Property Office. The trademark is called Kbdac. … Read more
The Haeundae Beach System in Busan is part of a pilot project that aims to offer crypto payment solutions to beachgoers in the summertime. Go to Source Powered by WPeMatico
We’re suddenly seeing banks lining up to support crypto custody, and KB Kookmin Bank is looking to get in on the action. Go to Source Powered by WPeMatico
The token-powered Esports streaming platform Theta has expanded into Korea, partnering with the popular gaming-centric social platform Ludena Protocol. Go to Source Powered by WPeMatico
A South Korean county with a population of mostly elderly residents has seen a strong rise in stablecoin adoption. Go to Source Powered by WPeMatico
Check out this week’s Bad Crypto podcast. Go to Source Powered by WPeMatico
Chainlink connects a $7 trillion a day industry to the decentralized finance space by partnering with CenterPrime. Go to Source Powered by WPeMatico
Sejong police are investigating who leaked details of the government’s crypto tax bill before it was formally announced. Go to Source Powered by WPeMatico
South Korea will now tax profits made from buying and selling of cryptocurrency at 20% after the government agreed to the decision on Wednesday. The decision was reached after months of debate. According to a taxation policy amendment notice released July 22, the Ministry of Economy and Finance said income from digital assets below 2.5 … Read more
Bank of Korea is launching a digital innovation department that will leverage blockchain and AI to improve business efficiency. Go to Source Powered by WPeMatico
