South Korean Merchants Open to Accepting Digital Yuan
An article published by Yonhap suggests that South Korean merchants are open to accepting digital yuan as a payment method in the near future. Go to Source Powered by WPeMatico
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South Korea’s NH Bank Forms Blockchain Financial Services Consortium
The South Korean NH NongHyup Bank has announced a memorandum of understanding to research and develop blockchain-based financial services through a new consortium. Go to Source Powered by WPeMatico
South Korean City Opens Public Services to Blockchain-Based ID App
South Korea’s second-largest city, Busan, will let its citizens access government services using a blockchain-based identification app developed by Coinplug. Go to Source Powered by WPeMatico
South Korean Crypto Exchange Is First to List Kakao’s Token
Kakao’s KLAY token is now trading with a South Korea won pairing despite the country’s restrictions on ICOs. Go to Source Powered by WPeMatico
Crypto Integration Brings Thousands of New Users to Popular Chat App
The 100k user milestone represents 2% of Kakao’s current user base in South Korea. Go to Source Powered by WPeMatico
Decentralized Identity Could Replace All Login Functions, Says LG
A representative of LG’s information technology subsidiary LG CNS told Cointelegraph that blockchain-based identity systems could replace all login functions. Go to Source Powered by WPeMatico
South Korean Prosecutors Freeze Crypto Wallets of Suspected Child Porn Ring Chief
A Seoul court granted the petition demanded by the prosecutors to freeze crypto wallets owned by the head of the Nth Room case. Go to Source Powered by WPeMatico
Exclusive: Binance Korea to Integrate Coinfirm Real-time AML Monitoring
Binance Korea will be using an anti-money laundering solution developed by Coinfirm, as the country requires a high level of regulatory compliance for crypto. Go to Source Powered by WPeMatico
Samsung May Have Appointed New Blockchain Leadership
South Korean tech titan names Woong Ah-yoon as the head of their blockchain division. Go to Source Powered by WPeMatico
South Korea to Start Taxing Bitcoin Profits in 2021
South Korea will start taxing profits from bitcoin (BTC) and other cryptocurrencies next year, according to local media reports. The taxation will also apply to bitcoin mining operations and income from initial coin offerings, should it be approved by Parliament. South Korea’s Ministry of Economy and Finance proposed the amendments to the existing tax law … Read more