News
Do Kwon, the co-founder of Terra has said he is not ‘on the run.’ This comes after South Korean prosecutors issued an arrest warrant for Kwon, the brain behind the Terra ecosystem which crashed in May. While the authorities had asked the finance ministry to nullify his passport, they also
News
South Korea’s leading monetary regulatory executive, the Financial Services Commission (FSC) published a Thursday report about the nation's financial intelligence unit’s (KoFIU) move to inform scrutiny bodies about certain exchange activities being carried out by 16 unlicensed crypto-property trading protocols. The KoFIU, whose central authority cuts
News
Blockchain protocol Terra’s members of staff have reportedly been banned from leaving the South Korean nation due to a legal departure prohibition imposed on major innovators of the project. According to Korea JTBC's Monday news, an investigatory division of the Seoul South Area Attorney's Office
Blockchain
First launched in May 2020, South Korea's blockchain-based drivers license system has hit one million users. This indicates that about 3% of the nation's 32 million driving population have ditched the physical (paper) license for a blockchain-powered digital drivers license. The drivers digital identification card was
Blockchain
South Korea's Suseong University has agreed a deal with the Korea Artificial Intelligence Association (KORAIA) to create a special blockchain and AI campus in Daegu. According to an official announcement, the Daegu-based university will launch in 2021 with recruitment to begin in a few months; and will focus
Blockchain
Samsung in partnership with SK Telecom - a South Korean mobile carrier, has unveiled the world's first 5G smartphone equipped with blockchain-powered ID authentication service. The phone named "Galaxy A Quantum", comes with a quantum random number generation chipset developed by Samsung Electronics, which helps smartphone
Education & News
The Bank of Korea (BOK), the country's central bank has launched a pilot program for testing its national CBDC - the Digital Won. Announced this week, the BOK says the program is set to run for 22-months till December 2021, and is aimed at evaluating technical and legal
Blockchain
KB Kookmin, the largest bank in South Korea is set to launch a cryptocurrency custody service which would involve assets such as Bitcoin (BTC) and Ethereum (ETH). This was confirmed according to a trademark application filed by the bank with the Korean Intellectual Property Office. The filing titled "KBDAC&
Bitcoin
The government of South Korea has made cryptocurrency trading legal in the region after the National Assembly changed the laws. President Jae-in Moon signed the amendment which was passed. South Korea Government Gives Cryptocurrency Green flag According to local reports, cryptocurrency exchanges will need to follow reporting requirements. For larger
Blockchain
The Pohang University of Science and Technology (POSTECH), South Korea is set to issue blockchain-stored diplomas to its new graduates. According to the university, the current threat of the coronavirus makes it medically unsafe to have students travel and host a graduation ceremony under the same roof. Rather than postpone
Education & News
High Points * South Korea discusses CBDC for 2020. * Central Bank of Bahamas begins pilot testing of digital currency. The Bank of Korea (BOK) – South Korea’s Central Bank will constitute an organized task force to undertake a central bank digital currency (CBDC) research slated for the new year. BOK in