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PortuguêsFans of K-Pop girl group Mamamoo will soon be able to buy digital products related to the band using blockchain technology. RBW (Rainbowbridge World), a South Korean entertainment company representing…
Continue ReadingA South Korean court has sentenced the former CEO of the defunct crypto exchange Coinnest to 18 months in prison. The court also fined him over $61,000, who also was…
Continue ReadingJeju Island, a major tourist destination in South Korea, is introducing a government-backed, system for tracking COVID-19 contacts based on blockchain technology. On Jan. 14, the Jeju Special Self-Governing Province…
Continue ReadingShinhan Bank, the oldest banking institution in South Korea, continues its efforts to introduce digital asset custody services with a new investment. According to a Jan. 7 report by news…
Continue ReadingMajor gaming conglomerate Nexon will not be acquiring leading South Korean crypto exchange Bithumb, as previously alleged in local media. In an email to Cointelegraph, a representative for Nexon said that…
Continue ReadingA major commercial bank in South Korea is entering the crypto business by allocating an equity investment in the Korea Digital Asset Trust (KDAC). Shinhan Bank is looking to offer…
Continue ReadingThe South Korean government has issued an amendment to introduce tax on cryptocurrency trading profits. The plan is now a reality after several attempts to delay it by lawmakers. New…
Continue ReadingNexon, the South Korean multi-billion-dollar gaming conglomerate, is reportedly planning to buy a 65% stake in troubled crypto exchange Bithumb in a deal worth about 500 billion won ($460 million).…
Continue ReadingThe South Korean government issued an amendment on Wednesday to introduce a tax on profits from cryptocurrency trading. Following a legislative notice lasting until Jan. 21, the amendment is likely…
Continue ReadingThe leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent…
Continue ReadingAfter a troubled few months, crypto exchange Bithumb looks like it’s set on turning over a new leaf through an acquisition by one of South Korea‘s top gaming firms. South…
Continue ReadingSouth Korean politicians won’t be required to disclose their crypto holdings or crypto-related earnings as no fewer than three cryptocurrency-related bills failed to pass the National Assembly. Proposal Submitted in…
Continue ReadingBitcoin (BTC) rose for a second day, surging to a new all-time high price of $35,751, according to CoinDesk’s Bitcoin Price Index. The jump came as votes were tallied from…
Continue ReadingThe “kimchi premium” has returned. Price premiums for bitcoin on South Korean exchanges have hit two-year highs, indicating retail investment interest in cryptocurrencies is surging in that country. However, analysts…
Continue ReadingA major South Korean TV series with crypto and blockchain-related topics is set to launch its production stage at the beginning of 2021, directed by Gemstone Film, in collaboration with…
Continue ReadingAs the use of cryptocurrencies continues to spread around the world, a number of countries have established themselves as leaders in adoption. COVID-19 has dominated 2020, and the effects of…
Continue ReadingHashed, one of South Korea’s largest crypto asset fund managers, has raised 120 billion won ($110 million) to fund new blockchain ventures in the so-called “protocol economy.” The funds were…
Continue ReadingHashed, the South Korea-based blockchain firm, has raised a nine-figure investment fund. According to the firm, its new entity, Hashed Ventures, Inc., has raised $120 million for a fund that…
Continue ReadingA subsidiary of global conglomerate LG will participate in the mainnet launch of a Vietnamese hybrid blockchain project, KardiaChain. LG CNS, an IT and consulting subsidiary of LG Corporation, has…
Continue ReadingCryptocurrency Indexes Are Set to Launch in 2021 by S&P Dow Jones Indices S&P Dow Jones Indices has made it official: they will launch cryptocurrency indexes in 2021, becoming the…
Continue ReadingSouth Korean authorities have charged executives of what was once the country’s third-largest cryptocurrency exchange, Coinbit, over market manipulation allegations. According to news outlet News1, prosecutors are preparing a case…
Continue ReadingIn South Korea, authorities have formally pressed fraud charges against the chairman of a major crypto exchange in the country, Coinbit, plus two unnamed executives of the firm. They are…
Continue ReadingThe South Korean government has officially postponed a new tax regime on cryptocurrency gains until 2022. According to Yonhap on Dec. 1, the planning and finance committee of South Korea’s…
Continue ReadingSouth Korea-based exchange Upbit has announced a limited cryptocurrency withdrawal delay in an effort to protect user accounts from malicious attacks. Scheduled to take effect on Nov. 28, the new…
Continue ReadingThe leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent…
Continue ReadingThe South Korean National Assembly is planning to delay the implementation of new income tax laws on cryptocurrency gains following appeals from industry bodies. According to a Nov. 25 report…
Continue ReadingBithumb, the largest cryptocurrency exchange in South Korea, is preparing to close some of its offices due to the ongoing COVID-19 pandemic. According to an official announcement on Nov. 23,…
Continue ReadingSouth Korea’s Financial Services Commission (FSC) is seeking legal amendments that would make it mandatory for virtual asset service providers (VASPs) within the country to report the names of their…
Continue ReadingThe Many Facts Pointing to John Nash Being Satoshi Nakamoto Six years ago, a number of theories spread across the internet that claimed the famed American economist and mathematician John…
Continue ReadingMajor financial services corporation China UnionPay, an analog to card providers like Visa and Mastercard, has partnered with the South Korean payment provider Danal to launch a cryptocurrency-supporting digital card.…
Continue ReadingAccording to a Nov. 3 announcement from South Korea’s Financial Services Commission, or FSC, virtual asset service providers within the country will no longer be able to handle any digital…
Continue ReadingThere has been a hot political debate underway on who should take responsibility for countering North Korean hacks targeting South Korean cryptocurrency exchanges. Recently, South Korea‘s financial watchdog made it…
Continue ReadingThe South Korean telecom giant SK Telecom has announced it will issue its first digital wallet for blockchain-powered digital certificate storage and management with the approval of the Ministry of…
Continue ReadingLine, a Tokyo-based subsidiary of the South Korean internet search engine company Naver, is building a platform for developing central bank digital currencies, South Korean news agency the Chosun Ilbo…
Continue ReadingThe Korea Blockchain Association has called for the government’s new 20% crypto trading tax plan to be delayed for another two years. According to an Oct. 14 report from News1…
Continue ReadingCustomers of the world-famous car manufacturer will soon be able to claim blockchain tokens as rewards as part of a new membership scheme, called BMW Vantage. The Korea Times reported…
Continue ReadingThe South Korean central bank announced on Oct. 7 that it will begin the distribution phase of its central bank digital currency, or CBDC, pilot scheme next year. This will…
Continue ReadingAccording to news agency Yonhap, Bithumb will not have to repay a crypto investor who allegedly lost $401,000 as a result of a 2017 data breach suffered by the firm.…
Continue ReadingSamsung SDS will conduct a series of pilot projects in November to test blockchain-powered medicine distribution management. The goal of these tests is to guarantee transparency in the process of…
Continue ReadingWith the South Korean government preparing to implement know-your-customer (KYC) and anti-money laundering (AML) compliance processes, there is confusion among legal experts as to whether the requirements contradict other laws.…
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