South Korea

How Gaming and Online Casino Promote the Use and Popularity  of Cryptocurrency
May 19, 2022 at 12:20
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How Gaming and Online Casino Promote the Use and Popularity of Cryptocurrency
The world of online gambling is growing faster every time. Statistics show that there are an estimated 1 billion online gamers around the world, with the largest numbers found in China, South Korea, and Japan. According to projections, the number of players will reach 1.3 billion in 2025.
South Korea Embraces Cryptocurrency While Testing its own CBDC
Mar 23, 2022 at 12:00
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South Korea Embraces Cryptocurrency While Testing its own CBDC
South Korea is known for its technological advances in various fields. With the introduction of cryptocurrencies, the country has begun to actively explore the potential of this industry.
Exploration Goes on: South Korea Gets Closer to Releasing CBDC
May 27, 2021 at 09:55
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Exploration Goes on: South Korea Gets Closer to Releasing CBDC
The issue of central bank digital currency (CBDC) is becoming a hot topic of discussion among several governments. Now, the government of South Korea is seeking better technologies that can effectively lead to the creation of their state-owned CBDC dubbed e-KRW.
South Korea Announces Testing of CBDC Right After Imposing a New Tax Framework; Is It a Coincidence?
May 02, 2021 at 11:54
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South Korea Announces Testing of CBDC Right After Imposing a New Tax Framework; Is It a Coincidence?
Recently, the South Korean Finance Ministry announced imposing a 20% tax on cryptocurrency earnings. Curiously enough, the decision comes a couple of days before the announcement concerning the testing of the digital won. Is this a way to push people away from cryptos?
South Korea Health Services Expand Tracking of COVID-19 Contacts with Blockchain
Jan 19, 2021 at 14:55
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South Korea Health Services Expand Tracking of COVID-19 Contacts with Blockchain
The health institutions in South Korea are using every available tool to fight Coronavirus disease. The most recent technological alternative is using a blockchain app system to track Covid-19 contacts in different parts of the country.
South Korea Supports Cryptocurrency Business by Postponing Tax Increase
Dec 01, 2020 at 13:59
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South Korea Supports Cryptocurrency Business by Postponing Tax Increase
South Korea is known for its friendly stance on innovations including cryptocurrency. The country has even announced plans for releasing their own CDBC dubbed the digital won. However, they also show support to businesses dealing with other digital currencies.
North Korean Hackers Pose a Threat to South Korean Cryptocurrency Exchanges, but the Government Does Not Care
Oct 27, 2020 at 10:10
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North Korean Hackers Pose a Threat to South Korean Cryptocurrency Exchanges, but the Government Does Not Care
The Political Affairs Committee of South Korea’s National Assembly has informed the Financial Services Commission (FSC) on numerous attempts of hackers to break into the country’s financial institutions. Cryptocurrency exchanges became the main target.
South Korea Embraces Innovation: Blockchain-Based Voting is Coming
Jun 26, 2020 at 13:58
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South Korea Embraces Innovation: Blockchain-Based Voting is Coming
The South Korean government is actively adopting disruptive innovations including blockchain and distributed ledger technology (DLT) within various industries. It seems the country wants to follow in the footsteps of Japan and Switzerland to become a global tech hub.
South Korea will Revise its Regulatory Framework Before Launching Digital Won
Jun 15, 2020 at 13:42
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South Korea will Revise its Regulatory Framework Before Launching Digital Won
The Bank of Korea established an advisory group to revise the legislative framework before the launch of the digital won. Despite their CBDC will more resemble a digital version of fiat currency, it is obvious that the existing financial legislation should be adjusted to the circulation of a new digital asset.
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