Cryptonews Tags South Korea

# South Korea (Page 74)

Despite its relatively small size, South Korea is a global powerhouse when it comes to cryptocurrency industry. Often mentioned in the same breath as Singapore or Malta, Korean love for all things crypto has its roots in the country’s traditional inclination towards high technologies and openness to their use. Today, South Korea accounts for some 30% of total crypto trading on a global scale, with even the banking sector in that country making the news with its love for blockchain. South Korea is also well known for its highly developed cryptocurrency exchange scene including the likes of Bithumb, Upbit, Coinone and others.

South Korea to Make Government-led USD 383m Blockchain R&D Drive

The South Korean government will stump up USD 383 million worth of funding for Seoul-led blockchain research incentives over the next six years.Per a report from ZDNet Korea, the country’s Ministry of Science and ICT plans to utilize the funds to develop original blockchain technology, with...

Big South Korean Companies Continue Blockchain Spending Drive

South Korea’s biggest businesses are continuing to dominate the nation’s blockchain industry.Per news outlet Maeil Kyungjae, the country’s Software Policy & Research Institute has revealed that seven out of South Korea’s top 10 largest companies have begun integrating...

Vietnamese ‘Upbeat’ About Crypto as Blockchain Plans Unveiled

Could a crypto comeback be on the cards in Vietnam? And could South Korean blockchain firms provide a catalyst for change?In the past few days, Ho Chi Minh (HCM) City authorities have stated that they will “develop a blockchain infrastructure” to power smart city construction...

8 South Korean Crypto Exchange Execs Jailed in USD 386m Fraud Wrap

A court in South Korea has jailed the head of cryptocurrency exchange Coinup for 16 years, after convicting him of fraud. Eight other executives from the exchange were also given jail time, with the company’s vice president given an 11-year prison term.The Seoul court ruled that...

Did South Korea Just ‘Sentence Blockchain Gaming to Death’?

South Korean gaming industry representatives say that the government may have doomed blockchain gaming to oblivion – after a regulator banned Infinity Star, a game that makes use of Ethereum ERC 721 Non Fungible Tokens (NFTs).Late last week, the Game Rating and Administration Committee (GRAC)...

Blockchain Banking March Continues Despite S Korea Digital Fiat No-go

Many believe that China’s digital fiat will arrive soon, but South Korea, one of the Middle Kingdom’s closest neighbors, has all but ruled out issuing its own digital token – and states that digital fiats are still a way off. In the private sector, though, the pace of banking...

S Korean Crypto Stance Under Pressure, Ripple Invests in University

A group of blockchain advocates has made a fresh bid to change the South Korean government’s stance on cryptocurrencies – and has held talks with one of the country’s top financial regulators.Fn Today reports that Oh Gap-soo, the president of the Korea Blockchain Association, met...

FATF to Include Crypto Brokers in Japan Audit + 8 More Crypto News

Crypto Briefs is your daily bite-sized digest of cryptocurrency and blockchain-related news – keeping you up-to-date with under the radar crypto news from around the world.Regulation newsSankei Biz reports that the G7’s Financial Action Task Force (FATF) will audit the Japanese...

800+ South Korean Companies Dealing in Crypto Despite ‘Dead’ Market

Over 800 South Korean companies are doing business in cryptocurrencies, per figures compiled by the regulatory Financial Supervisory Service (FSS).Aju News reports that a parliamentary committee asked the FSS to reveal how many companies in the country had corporate cryptocurrency exchange-linked...

Samsung, LG, Hyundai Speed Up Major Blockchain Adoption Project

Eleven South Korean companies are teaming up for a government-backed “consortium-type” blockchain network that will allow citizens to ditch paper-based certificates, employee ID cards, degree certificates, insurance claims documents and more in favor of a mobile-based blockchain...

Smart Contracts Legalized in Russia + 11 More Crypto News

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Regulation news Smart contracts have become legal in Russia as of today, reports Regnum. The new law – one of a package of...

, by Sead Fadilpašić

South Korea Welcomes Blockchain-powered Driver’s Licences on Mobiles

South Koreans will soon do away with plastic driver’s license cards – and make use of a blockchain-powered ID solution for smartphones. Or, at least, this is the plan.The country’s Ministry of Science and ICT has approved a plan whereby all three of the country’s major...

Binance’s First Strategic Investment in China + 11 More Crypto Briefs

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.Investment newsMajor crypto exchange Binance has made its first strategic investment in China as it has joined a funding...

Samsung & Other S Korean Companies Make Blockchain, Crypto VC Push

Some of South Korea’s biggest companies are investing in domestic blockchain and cryptocurrency startups – with the Seoul government also looking to get in on the action.Although it may come as no surprise to hear how keen on blockchain the likes of Samsung, Kakao and LG are, all three...

Delistings: More S Korean Exchanges ‘Clear Out’ Low-performing Cryptos

It seems that a “token clear-out” is getting traction as more South Korean exchanges look to delist under-performing cryptocurrencies.Huobi Korea has become the latest exchange in the country to announce it will implement a new delistings policy. The company says it will assess the...

Venezuelan Gov’t Releases Crypto Calculator + More Crypto Briefs

Crypto Briefs is your daily bite-sized digest of cryptocurrency and blockchain-related news – keeping you up-to-date with under the radar crypto news from around the world.Cryptocurrency NewsThe Venezuelan government has announced it will release a currency convertor app for Android...

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