South Korea
Crypto Crimes Surge in Asia; Bitcoin Reasons for Divorce in South Korea
South Korea has lost $5 billion due to crypto-related crime over the past five years as fraud and scams surge across Asia. China’s Sichuan province looks to weigh the effects of a crypto mining ban on the region’s hydropower generation. Back in South Korea, crypto is becoming a reason for couples to get divorced. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Binance Under Fire; Internet Giant Naver Takes on South Korea’s CBDC
The Asian crypto industry reacts to the US Department of Justice and Internal Revenue Service money laundering probe into Binance. In South Korea, the nation’s largest internet company plans to join Bank of Korea’s CBDC ventures. Over in Singapore, Southeast Asia’s largest lender DBS Bank expands its crypto services for its private bank clients by launching a crypto trust solution. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
FTX CEO on Tokenized Stocks; South Korean Police Officers Want Crypto
FTX CEO goes one-on-one with Forkast.News to talk about tokenized stocks and the importance of licenses to innovate the finance industry. South Korean police officers speak out against anti-crypto policy. Governments such as South Korea continue to grapple with crypto concerns, but Singapore is turning to education over regulation. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
BCH Gets the Nod from Japan; Digital Yuan Travels to the Countryside
While Bitcoin Cash surges, we talked to a Japanese coffee shop owner who just started accepting BCH as payment yesterday. Buying bubble tea with a digital yuan China’s DCEP pilot program continues to expand. Police in Korea are told no to crypto, but who will police the police?
South Korean Banks Set to Serve Crypto; Chia Drives SSD Shortage
One of South Korea’s largest banks, KB Kookmin Bank, has launched Korea Digital Assets (KODA), an over-the-counter and custody service aimed at institutional crypto investors. Experts say that the bank is likely testing the waters to see how the government reacts.
Binance Dives Into NFTs; South Korea’s FSC Checks Staff for Crypto Trading
The world’s biggest cryptocurrency exchange Binance announced the upcoming launch of its own NFT marketplace this June. The platform will support Binance Smart Chain and Ethereum, hoping to expand its ecosystem to other blockchains such as Tron, Flow and Wax. Over in South Korea, the Financial Services Commission warned its employees to disclose personal crypto investments.
What Is Happening With Turkey’s Crypto Exchanges?
The CEO of Turkey-based crypto exchange Thodex is still missing, along with hundreds of millions of dollars in users’ funds, after the exchange went dark last week. The Turkish government is investigating Thodex’s collapse and threatening further crypto crackdowns. Nik De reviews the situation in Turkey. Plus, an update on regulations in South Korea.
South Korean Cryptocurrency Industry Claps Back; Bitcoin’s Nosedive
Cryptocurrency investors in South Korea are striking back at authorities’ anti-crypto rhetoric. A series of national petitions, including one to unseat financial watchdog chief Eun Sung-soo, gained traction after he disregarded cryptocurrencies as “real currency," The crypto market swims in seas of red as 13% of its total market cap is shaved off in the past 24 hours. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
South Korea Kicks Off New Crackdown on Illicit Crypto Activities
South Korean authorities are now targeting all illicit crypto activities in the country during a special enforcement period from April to June. “The Hash” panel suggests why this might be a big turnaround for Korea in its position as a major global hub for cryptocurrencies.
Macau Considers e-CNY Rollout; Kimchi Premium Arbitrage on the Rise
Macau, one of the largest casino hubs globally, is studying the feasibility of CBDC applications with the help of the Chinese central bank. Top South Korean banks urge the banking industry to reject suspicious remittance applications as kimchi premium arbitrage rises. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
