South Korea
Bank of Korea Chooses Ground X as Supplier for CBDC Pilot: Report
South Korea's central bank has picked a blockchain subsidiary of internet giant Kakao.
ICICI Blocks Crypto Transfers, Korea Banks to Report Crypto Crime
India’s ICICI bank blocks international crypto transfers. Korea says banks must report crypto-related money laundering. Fears over plagiarism hit the NFT world. More on these stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
3 Firms Vie to Develop South Korea's CBDC Pilot
BOK will base its evaluation on the technological capacity of each firm.
Korea Crypto Law Applies to Binance, Samsung Next Invests in Nifty’s
The head of Korea’s Financial Services Commission (FSC) says crypto laws apply to Binance. Samsung Next invests in Nifty’s, and in a new series, Forkast News will examine how NFTs could revolutionize the music business. More on these stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Another Large Bank in South Korea to Provide Custody of Crypto Assets
Woori Financial Group is joining forces with bitcoin exchange Coinplug to offer the service.
Korean Authorities Investigate 33 People for $1.48B in Illicit Crypto Transactions
Fourteen were referred for prosecution, 15 were fined and four remain under investigation.
South Korean Prosecutors Indict Former Bithumb Chairman in $100M Fraud Probe
Lee Jung-hoon allegedly took the funds from BK Group owner Kim Byeong-gun as an upfront "contract fee" in acquisition negotiations.
Korea's First Bank Joins Messaging Giant Kakao's Blockchain Governance Council
Shinhan joins a number of existing council members including LG Electronics, Binance and Worldpay, among others.
Upbit, Bithumb Delist Numerous Coins Ahead of South Korean Regulatory Review
The move caused prices for many altcoins to plummet by 50% or more, causing considerable losses among retail investors.
Blue House Responds to Petition, Bitmain Offers Relocation Assistance
Korea’s Blue House responds to a national petition over the FSC chairman. Bitmain offers relocation assistance to miners in China, Lloyds to take crypto for classic cars. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
