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South Korea Sees Surge in New Blockchain Platforms for Trading of Unlisted Stocks

South Korea’s progressive-thinking and liberal attitude on blockchain technology and cryptocurrencies recently got another boost. Industry sources revealed the upcoming launch of two new blockchain-based exchanges to bolster the financial trading of unlisted equities.  Korea turns to blockchain According to a report, Dunamu and PSX will see the launch of blockchain-enabled services for the traditional … Continue reading South Korea Sees Surge in New Blockchain Platforms for Trading of Unlisted Stocks

Analyst Honored for Exposing South Korean Dark Web Crypto Child Pornography and Blackmail Site

Criminal analyst, Kim Reece, has been named as a finalist for the Samuel J. Heyman Service to America Medal for her role in the takedown of the South Korean ‘Nth Room’ child pornography chat rooms that hosted the vile content of the ‘Welcome to Video’ dark web site. US Immigration and Customs Enforcement (ICE) Homeland … Continue reading Analyst Honored for Exposing South Korean Dark Web Crypto Child Pornography and Blackmail Site

South Korean Court Apprehends Crypto Assets of “Nth Room” Ringleader

A South Korean court has frozen 15 cryptocurrency wallets belonging to Cho Ju-bin, the orchestrator of the “Nth Rooms” scandal. The twisted Telegram chat rooms dubbed the Nth Rooms came to the light following a national outcry at the deviant sexual exploitation of underage girls and children by Cho Ju-bin and his team in exchange … Continue reading South Korean Court Apprehends Crypto Assets of “Nth Room” Ringleader

South Korea Declares Andong City as Blockchain Free-Trade Zone to Boost Medical Hemp Production

South Korea’s national government has declared Andong (located in the Gyeongbuk province) as a “regulation-free” zone for blockchain development. The city is now a local free trade zone in which blockchain technology will be used for medical-grade hemp (cannabis) management and production. Blockchain Helps South Korea Meet Production Goals Lee Chul-woo, the Governor of Gyeongbuk … Continue reading South Korea Declares Andong City as Blockchain Free-Trade Zone to Boost Medical Hemp Production

South Korea Proposes 20% Capital Gains Tax on Cryptocurrency Commodities

South Korea’s parliament has put forward a bill that could see crypto profits taxed by up to 20%. In South Korea’s parliament, a private members’ bill has been put forward that aims to impose a capital gains tax that could be as high as 20%. The tax bill will also apply to any income made … Continue reading South Korea Proposes 20% Capital Gains Tax on Cryptocurrency Commodities

BitMEX Invests in South Africa’s Largest Bitcoin Exchange

In a bold financial move, the parent company of cryptocurrency exchange BitMEX has decided to invest in South Africa’s biggest Bitcoin exchange, VALR.  Bitcoin Crypto Exchange, VALR  The newly founded Bitcoin exchange offers safe digital trading for anyone and popular cryptocurrencies supported by their exchange include but are not reserved to Bitcoin (BTC), Ether (ETH), Ripple (XRP), and Cardano. Although it was only launched in 2019, it has now grown to be a … Continue reading BitMEX Invests in South Africa’s Largest Bitcoin Exchange

Top Banks in South Korea Select CenterPrime And Chainlink To Bring FX Rates Data to DeFi

In South Korea, leading commercial banks have selected local fintech platform CenterPrime and Oracle system Chainlink to bring foreign exchange rate data feeds from local banks to the decentralized finance (DeFi) space. CenterPrime has access to the Korean open banking API that streams foreign exchange data from several local banks in the country. Developing Country’s … Continue reading Top Banks in South Korea Select CenterPrime And Chainlink To Bring FX Rates Data to DeFi

New South Wales Treasury Proposes Flexible Regulatory Reform For Blockchain

The Australian state of New South Wales is exploring a “flexible” regulatory reform for blockchain and other emerging technologies in the state. The proposed blockchain regulation reform is being pushed by New South Wales’ Department of Treasury and the proposals were published in a research paper released by the department on Tuesday, July 28. As … Continue reading New South Wales Treasury Proposes Flexible Regulatory Reform For Blockchain

Kookmin Bank, South Korea’s Largest Bank Will Offer Cryptocurrency Custody

Kookmin Bank, the largest commercial bank in South Korea, will start offering Bitcoin custody services through a new partnership with blockchain venture fund Hashed. According to a blog post by Hashed’s legal compliance officer Jin Kang on Aug 7, Hashed signed a memorandum of understanding with KB Kookmin Bank, Haechi Labs and Cumberland Korea to … Continue reading Kookmin Bank, South Korea’s Largest Bank Will Offer Cryptocurrency Custody

Blockchain-Based Driving Licenses in South Korea Hit One Million Drivers

Blockchain-powered driving licenses were made available as an option in South Korea in May.  Blockchain Digitizes South Korea  Since then, one million South Koreans have already leveraged this blockchain alternative, giving up their physical driver’s license. The blockchain-based driving license is offered to South Koreans, along with the PASS smartphone app, which is a transportation and travel app. Through the application, South … Continue reading Blockchain-Based Driving Licenses in South Korea Hit One Million Drivers

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