South Korean National Assembly Holds Regulation Debate With Local Crypto Exchanges

December 11, 2018 cashtechnews

Major Korean crypto exchanges have arranged a crypto regulation debate in the National Assembly, discussing Anti-Money Laundering policies and customer protection. South Korea’s representative body, the National Assembly, has held a crypto regulation debate arranged by major local cryptocurrency exchanges, IT media oulet ZdNet Korea reports Monday, Dec. 10. According to local business outlet Financial […]

Major South Korean City to Build Blockchain-Enabled Virtual Power Plant

December 10, 2018 cashtechnews

South Korea’s government will spend $3.5 million to set up a blockchain-enabled virtual power plant in the city of Busan. South Korea’s government will spend 4 billion Korean won (KRW) (about $3.5 million) to set up a blockchain-enabled virtual power plant (VPP) in the city of Busan. The development was reported by South Korean newspaper […]

South Korea’s Second Largest Bank Begins Blockchain Record-Keeping to Reduce Human Error

December 10, 2018 cashtechnews

South Korea’s Shinhan Bank wants to reduce human error in its processes as part of a multi-phase hook-up with blockchain technology. South Korea’s second-largest commercial bank, Shinhan Bank, has embarked on a project to implement blockchain in internal processes to decrease human error. The initiative was reported by English-language daily news outlet The Korea Times […]

Hodler’s Digest, Dec. 3-Dec.9: US SEC Delays BTC ETF Decision Again, While Nasdaq Confirms 2019 BTC Futures Launch

December 9, 2018 cashtechnews

The United States SEC has delayed their Bitcoin ETF decision yet again, and Venezuela’s Petro is raised 150 percent in value. Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much […]

South Korean Startup Presto to File Constitutional Appeal Against Local ICO Ban

December 9, 2018 cashtechnews

A South Korean blockchain startup has announced its intention to file a constitutional appeal against the country’s ICO ban. A South Korean blockchain startup, Presto, will reportedly file a constitutional appeal over the county’s ban on Initial Coin Offerings (ICOs), South Korean economic media outlet Sedaily reports Dec. 6. Presto claims on its website that […]

Report: South Korean Crypto Exchanges Overtake Maltese Ones by Daily Trade Volume

December 7, 2018 cashtechnews

A recent report by CryptoCompare shows that South Korean crypto exchanges saw $200 million more in average daily trade volumes than their Maltese competitors. Cryptocurrency exchanges registered in South Korea have overtaken their Maltese-registered counterparts by average daily trade volume in November. This is according to a report by cryptocurrency market data provider CryptoCompare, published […]

South Korea: Financial Watchdog Warns Two Banks Over Poor Crypto Transaction Management

December 4, 2018 cashtechnews

The South Korean Financial Supervisory Service has asked two major domestic banks to supplement their currency-related business procedures. A South Korean financial authority has warned two major domestic banks about their lack of management of cryptocurrency transactions and anti-money laundering (AML) regulation, local online media outlet The Daily reports Dec. 4. The Financial Supervisory Service […]

Major South Korea Tech Holding and ConsenSys Sign MoU to Develop Blockchain Business Hub

December 4, 2018 cashtechnews

SK Group has signed an MoU with ConsenSys to create and develop an “enterprise blockchain ecosystem.” South Korean technological holding SK Group has signed a Memorandum of Understanding (MoU) with ConsenSys for blockchain business cooperation, according to a SK Group official press release published today, Dec. 4. SK Holdings C&C is the information technology solutions […]

South Korea’s Finance Ministry Considers Taxing Crypto and ICOs, New Minister Reveals

December 3, 2018 cashtechnews

South Korea’s Finance Ministry is considering crypto and ICO taxation in accordance with global trends. South Korea‘s Finance Ministry is considering taxation on cryptocurrencies and Initial Coin Offerings (ICOs), daily English-language newspaper The Korea Times reports Monday, Dec. 3. Hong Nam-ki, South Korea’s new Minister of Economy and Finance as well as new Deputy Prime […]

Korea’s Largest Internet Firm Kakao Is Running a Crypto ICO That Is Not Subject to SEC Scrutiny

December 3, 2018 cashtechnews

Kakao is close to completing the private sale of its cryptocurrency called Clay, raising $300 million. Kakao, South Korea’s largest internet conglomerate that operates applications and have nearly a 90 percent dominance in their respective markets, is running an Initial Coin Offering (ICO) to raise funds for its blockchain project called Clay. In March, Kakao […]

Tag: south korea