Materials by tag South Korea

Jan 31, 2020 at 14:02
South Korea to Allow Regulatory Sandboxes Related to Blockchain-based Overseas Remittances
The South Korean Ministry of Science, ICT and Communications intends to examine whether or not to allow regulatory sandboxes related to blockchain and distributed ledger technology (DLT)-based overseas remittances after the National Assembly Act (Special Act) on the reporting and use of certain financial transaction information passes the National Assembly.
Apr 09, 2019 at 17:21
South Korea Plans to Revise ICO Ban and Crypto Regulations
Government officials and legislators in South Korea are now revising their crypto regulation and the ICO ban, as reported by ZDNet Korea.
Feb 22, 2019 at 16:48
Bank of Japan Delves into Central Bank Cryptocurrency
The Bank of Japan released a new report that examines the concept and role of digital currencies in the general monetary system.
Oct 04, 2018 at 12:38
South Korea to Legalize ICOs & Impose Better Crypto Regulatory Frameworks
The chairman of Korea's National Policy Committee and member of the country's governing Democratic Party, Min Byung-Doo, has highly encouraged the government to consider legalizing initial coin offerings (ICO) and to also impose good digital currency-related regulatory frameworks to legitimize the domestic market.
Jul 10, 2018 at 17:24
New Cryptocurrency Asset Classification, S.Korea Regulators to Untighten the Policy
South Korea has been swamped reviewing its cryptocurrency regulations. The regulators hope to loosen the rules on cryptocurrency assets in line with G20 famous policies. Another government agency is managing an in-situ inspection of cryptocurrency firms following several hacks and this has attempted the Bank of Korea to issue out a report with its major focus on using cryptocurrency as an alternative means of payment.
Jun 22, 2018 at 14:21
South Korea's Hackers: Bithumb Loses $31.5m in Cryptocurrency Burglary
Bithumb, a South Korean cryptocurrency exchange revealed that hackers stole $31.5 worth of virtual coins, the second local crypto platform targeted within one week as cyber thieves showed the huge negative outcomes of selling and purchasing the digital asset. Bithumb trades over 37 different coins.
Jun 13, 2018 at 08:04
South Korean Crypto Exchange Hack Caused a Major Drop in the Bitcoin Price
The price of Bitcoin, as well as other main altcoins, has decreased within an hour after small South Korean crypto exchange Coinrail revealed on Monday it had been hacked. The scammers allegedly stole up to $40 million in virtual coins.
May 30, 2018 at 17:15
South Korea Is Reportedly Going to Remove the Ban on Initial Coin Offerings
According to Business Korea, the National Assembly has made a move to legalize the local use of initial coin offerings (ICOs). The official recommendation comes after a total ban on the financial technology in September last year. The country’s financial market’s lack of proper regulations has seen domestic businesses moving abroad.
May 19, 2018 at 10:09
Korea Blockchain Summit 2018
[Seoul, South Korea, 12th | 13th July’18] As part of WBS World Tour 2018, GBF is in process of building deep integration with 50+ leading & emerging markets in the space of Blockchain, DLT & tokenomics space.
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