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South Korean Bank, KB Kookmin, Shares Blockchain Strategy

KB Kookmin, a major South Korean bank is planning to adopt blockchain technology into its internal processes. As reported by South Korean JoongAng Daily on Monday, the institution recently previewed the multitude of benefits to the financial industry that blockchain technology can provide at a conference dubbed the Enterprise Ethereum and Revolution in Banking Summit. Blockchain … Continue reading South Korean Bank, KB Kookmin, Shares Blockchain Strategy

South Korea Is Looking to Put Trade Finance on the Blockchain

This article is contributed by our content partner, Nexchange NOW. The South Korean government wants all trade to be on the blockchain, Coindesk reports. South Korean Finance Minister Hong Nam-ki introduced the Development Plan for Digital Trade on Monday, and per the plan, the government will be using technologies such as blockchain, AI, and 5G … Continue reading South Korea Is Looking to Put Trade Finance on the Blockchain

South Korea to Pump In a Whopping $12.8 Million into Blockchain Industry

The adoption of blockchain technology is set to reach unprecedented levels in major countries, as recently announced by China’s President Xi Jinping. South Korea intends to follow suit based on the revelation made by the Ministry of Science and ICT that USD 12.8 million will be channeled to blockchain projects in 2020. This investment strategy … Continue reading South Korea to Pump In a Whopping $12.8 Million into Blockchain Industry

South Korea Intensifies Blockchain in Banking but Rules Out Digital Fiat Currency

Innovation has become decentralized globally, with several countries making significant progress while others have struggled with infrastructure and macroeconomic issues. Several factors like state-of-the-art infrastructure, corporate investment, favorable government’s incentives, and policies, and others affect a country’s perception. According to MERIC’s new survey, the US continues to dominate in the blockchain innovation landscape by 34%. … Continue reading South Korea Intensifies Blockchain in Banking but Rules Out Digital Fiat Currency

South Africa Pioneers Blockchain-Enabled Property Register Pilot Project

The Centre for Affordable Housing Finance in Africa (CAHF) has teamed up with Seso Global, a blockchain property registry company, to develop the first-ever blockchain-powered property register in South Africa.  The pilot projectwill comprise of nearly 1,000 government-subsidized properties found in four sites in Makhaza, Khayelitsha. This means they are not yet registered on the … Continue reading South Africa Pioneers Blockchain-Enabled Property Register Pilot Project

New Crypto Fraud Scheme In South Korea: What Rules Are in Place to Stop False Advertising?

Corner Up, a crypto platform in South Korea, has had high-ranking staff indicted for multiple cases of fraud in the market.  The Ponzi scheme disguised as a crypto platform managed to acquire over $380 million USD for the CEO and other company staff. Corner Up was promising estimated returns of up to 200% to investors … Continue reading New Crypto Fraud Scheme In South Korea: What Rules Are in Place to Stop False Advertising?

Bitcoin ATMs Reign Supreme in East and South London

The confidence of residents of East and South London has been boosted as they no longer have to fear crypto scams based on the flourishing number of Bitcoin ATMs.  With around 15 ATMs spread across this area, the trading process is continuously being simplified across the entire ATM network, which consists of at least 150 … Continue reading Bitcoin ATMs Reign Supreme in East and South London

South African Reserve Bank to Strictly Regulate Cryptocurrency in 2020

The South African Reserve Bank (SARB) is planning on introducing new regulations on cryptocurrency, which according to Kuben Naidoo, SARB deputy governor, will be fully implemented and enforced in the first quarter of 2020. The purpose of the new regulations noted in the report is to stop the citizens from using digital currency to evade … Continue reading South African Reserve Bank to Strictly Regulate Cryptocurrency in 2020

South Korean Shared Workspace Company Turns to a Blockchain-Powered Real Estate Platform

Sparkplus, a South Korean office sharing company, announced a partnership with tech startup Kasa Korea for a blockchain-enabled real estate funding platform.  Through the strategic collaboration, Sparkplus seeks to revolutionize Seoul’s sharing economy through a decentralized network that would enable people without much money to collectively and indirectly generate funds in the real estate sector.  … Continue reading South Korean Shared Workspace Company Turns to a Blockchain-Powered Real Estate Platform

South Korean Telecom Giant and City Government Teams Up to Launch Major Digital Currency

KT, the largest telecom company in South Korea, is planning to launch its blockchain-based digital currency in the second biggest city in the country, Busan.   According to news outlet dongA, the currency is called Dongbaek Currency, which means Camellia flower, when directly translated to English, and is set to be launched on Dec. 30.   Yoo Yong-gyu, … Continue reading South Korean Telecom Giant and City Government Teams Up to Launch Major Digital Currency

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