South Korea
Korea’s Love for Crypto Continues, Crypto Exchange Bilaxy Hacked
Data shows Korean love of crypto remains strong, despite new regulations. China banks release data on e-CNY progress. Hong Kong-based Bilaxy crypto exchange suffers US$21 million hack. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
South Korea’s Top Financial Regulator Is Forming a Dedicated Crypto Bureau
The Crypto Asset Monitoring Bureau will officially launch in September and oversee licensing for exchanges and other operators, among other responsibilities.
Upbit Is First Korean Exchange to Register With Authorities Before September Deadline
Crypto exchanges that don't register by Sept. 24 face being shut down in South Korea.
Operator of South Korea's Largest Exchange Rolls Out 'Travel Rule' Solution in Singapore
The blockchain research arm of Upbit's operator has launched its VerifyVASP in Singapore, a solution for combating crypto money laundering.
LINE's Crypto Exchange to Cease Activity in South Korea Ahead of Regulatory Deadline: Report
The development shows potential for many foreign exchanges to pull or limit services within the country ahead of tougher regulations.
Binance Discontinues South Korean Won Trading Pairs, Payment Options
The crypto exchange will discontinue Korean language support and remove won trading pairs.
Samsung Plans to Test Mobile Phone Functionality With South Korea's CBDC Pilot
The electronics giants will look at whether transactions can be completed without internet availability.
Top South Korean Money Transfer Firm Joins RippleNet to Further Remittances to Thailand
Ripple is focusing on Asia, which the company has said is its fastest-growing market.
Korean Crypto Exchanges Paid $14.7M to Banks for Name Verification Services: Report
Exchanges have to set up partnerships with banks for real-name verification by Sept. 24.
Busan Plans Digital Asset Exchange, Tencent Launches Digital IOUs
The Korean city of Busan plans a digital asset exchange. Bitcoin mining difficulty on the increase. Tencent launches a digital IOU platform. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
