South Korea

Kookmin Bank Unveils Cryptocurrency Custody Services for its clients

KB Kookmin Bank’s move is in regard to the approval of a revision to Act on Reporting and Using Specified Financial Transaction Information...

Busan Cryptocurrency Development Leaves Several Red Faced

In August 2019, Busan - the second largest city of South Korea, had expressed its desire to boost its economy with its own...

South Korea Witnesses Surge in Number Of Companies Involved in Crypto Fraud

South Korean Financial Supervisory Service (FSS), on August 3, 2020, cautioned that the number of fraud companies that claimed to invest in virtual...

Employee Imprisoned In A Recent South Korean Cryptocurrency Mining Fraud

The number of new Ponzi schemes has arisen and attackers are hacking into and stealing cryptocurrencies from wallets and addresses. Per CipherTrace, around...

South Korea to Introduce Stricter Tax Reforms for Investment in Digital Assets

Stricter Tax Reforms for Investment in Digital Assets in South Korea to Outweigh Pandemic Loss. They plan to include such investments under the...

South Korea Launches Digital Driver License System Backed By Blockchain Technology

A few weeks ago, South Korean had launched a digital driver's license service on PASS. Service built by Korean National Police Agency And...

South Korea’s New Blockchain Deal Will Create 330,000 Jobs By 2022

South Korea to invest a staggering 160 trillion won ($133 billion) invested for an efficient blockchain system. The digital platform centers in the...

Bank Of Korea Introduces A New Legal Advisory Council For Its CBDC

Recently on Monday, June 15th, 2020, Bank of Korea (BOK) released a group that aims at giving legal advice to the central bank-issued...

Bank Of Korea’s Mid-Long Term Development Strategy Highlighted Digital Currency

Bank of Korea has decided to strengthen its research and development capabilities and is aiming to prepare digital currencies. ‘BOK2030’ is the new...

AI Conference To Promote Blockchain Industry in Busan, South Korea

Smart city Busan will hold the AI ​​exhibition and conference. It will be for the first time this year that Busan will broadcast...