The South Korean state intelligence agency is now providing crypto trading platforms with information about attempts to breach their cybersecurity. The help for the country’s digital asset exchanges c...
Tag: South
South Korean Bank Opens First-Ever Corporate Crypto Account
South Korea’s Shinhan Bank has become the first local financial institution to issue cryptocurrency related accounts. The Bank released corporate won accounts to crypto exchange platform Korbit. Earli...
South Korea’s ‘Kimchi Premium’ Evaporates; Major Cryptos Tumble on Fed Minutes, Continued Global Uncertainty
In an interview with CoinDesk TV’s “First Mover” program, Scott Freeman, co-founder and partner of financial services firm JST Capital, suggested the global unrest was hurting bitcoi...
Why Is South Korea Leading in Crypto?
Over the last few years, the astronomical growth in cryptocurrency prices facilitated the surge of crypto and blockchain technology adoption in a few key markets. South Korea is one of them. The natio...
South Korean Tech Giant Kakao Acquires Majority Stake In A Japanese Crypto Exchange
A subsidiary of South Korean internet and technology giant Kakao has acquired a majority share in a Japanese cryptocurrency exchange, paving the way for the company to integrate its web-based cartoon ...
Kim Jong-Un’s Powerful Sister Threatens Nuclear Elimination Of South Korea’s Military After Pre-Emptive Strike Warning
Topline Kim Yo Jong, senior North Korean government official and sister of leader Kim Jong Un, warned that her country is prepared use to nuclear weapons to “eliminate” South Korea’s military if it ch...
South Australia Service Stations Set to Embrace Crypto as a Means of Payment From July – crypto.news
The adoption of cryptocurrency is steadily on the rise, and many private and public organizations are cautiously exploring the idea of using digital currency as a payment mechanism. According to loca...
South Korea Looking for Approval to Service Crypto
The Korea Federation of Banks (KFB) is reportedly asking South Korea’s incoming presidential administration to approve local banks servicing cryptocurrencies, according to a draft report that was leak...
South Korean Banks Apply For license To Deal In Crypto Services
South Korea recently elected pro-crypto Candidate Yoon Suk Yeol as their President. Now, The Korea Federation of Banks (KFB) and its member banks are seeking approval from the incoming administration ...
South Korean Banks Looking For Affirmation On Cryptocurrencies
The Korea Federation of Banks (KFB) might request South Korea’s incoming Presidential administration to support local banks servicing cryptocurrencies, highlights a leaked draft report. The content i...
South Korea’s Crypto Market Gears up to Legitimacy, With Banks Eyeing a Share of the Cake
With the incoming South Korean President, Yoon Suk-yeol, pledging the easing of crypto regulations, the market is on a solid path to being significantly legitimized, according to local media outlet Th...
Tailwinds for South Korea’s Crypto Industry; Bitcoin, Ether Plunge
“Now, Europe is seeking new sources of natural gas to replace Russian imports, which account for 38% of the gas imported into the European Union. In addition to Qatar, European nations are talki...
South American Country put 20% tax on transactions in cryptocurrency and foreign currency
Recently seen as a general trend that although governments across countries make legal tender to cryptocurrencies in process, they also put on heavy taxes The Government of Venezuela recently has mad...
South African rand has more room to run
The South African rand strength accelerated to the highest point in five months as rate hike expectations rose. The USD/ZAR pair is trading at 14.49, which is more than 7% below its highest level this...
NFTs In South Korea: Why Is It Growing By Leaps and Bounds?
South Korea is a country very much inclined toward the concept of Non-Fungible Tokens (NFTs). People are said to adopt the NFT utilization rapidly, and the growth of the NFTs trend is by leaps and bo...
South Korea records high adoption
TL; DR Breakdown South Korea NFT sector records high adoption Analysts predict more adoption by the end of 2022 Lack of regulation is helping the sector South Korea has pivoted itself from just any na...
Why NFT adoption is so high in South Korea
South Korea’s reputation as a trend-setter and leader in technological research is quickly spilling into the blockchain realm as nonfungible token (NFT) adoption has skyrocketed in the small East Asia...
Crypto Race In South Korea Gets Intense; SK Square To Invest $1.6B In Blockchain Technology
SK Square CEO Park Jung-ho on Monday announced considering $1.6 billion investments for merger and acquisition deals in the semiconductor chips and blockchain technology sectors. The SK Square CEO, wh...
Nelson Mandela’s original arrest warrant sold in South Africa as NFT for $130K
Non-fungible tokens (NFTs) have become increasingly popular over the past year. In South Africa, an NFT featuring an original arrest warrant of Nelson Mandela was sold for over $130,000. The NFT in qu...
Russia May Try To Partition Ukraine ‘Like North And South Korea,’ Ukrainian Official Says
Topline Ukraine’s top military intelligence official said Sunday Russia appears to be focused on retaining control of occupied areas of southern and eastern Ukraine and splitting the country in ...
South Korean Crypto Exchange Bithumb Will Block Unregistered Wallets
The exchange, Bithumb, was reportedly pressured from its partner bank to change its mind Bithumb users will not be able to withdraw using wallets such as MetaMask Seoul requires all exchanges to partn...
South Korea, Britain, Bulgaria to Join Forces to Combat Crypto Tax Dodgers (Report)
South Korea’s National Tax Agency’s chairman Kim Dae-Ji held a meeting this week with tax executives from Bulgaria and Britain to discuss the “rise of tax-dodging schemes” through the use of digital ...
South Korea’s LG Electronics Venturing Into Crypto and Blockchain Technology – crypto.news
LG Electronics has added cryptocurrency and blockchain technology to its business charter. The South Korean tech giant’s business expansion plan was approved during a shareholders’ meeting on March 24...
South Korea’s IT, SK Square, giant to issue own cryptocurrency –
SK Square, the information technology investment arm of South Korean megacorporation SK Network, is planning to introduce a cryptocurrency this year to connect its group of information and communicati...
South Korea steps up crypto regulation with FATF’s Travel Rule
TL;DR Breakdown The FATF Travel Rule will go into effect in South Korea today. The rule requires crypto companies to collect and share customer information of users sending or receiving crypto. The Tr...
“Travel Rule” For South Korean Cryptocurrency Exchanges
Compliance with rules acts as green lights for South Korea for regulation of virtual assets, but might be threatening local industry with overbearing transfer limitations among exchanges. A source fro...
South Korean presidential candidates will give NFTs to campaign supporters
Lee Jae-Myung, the presidential candidate of South Korea’s ruling Democratic Party of Korea (DPK), is said to have intended to include cryptocurrency in his election campaign. Lee will issue non-fungi...
South Korea’s SK Square to Launch Its Own Crypto
SK Square, the investment arm of South Korea-based giant SK Group, is reportedly working on launching its own cryptocurrency and a blockchain Blockchain Blockchain comprises a digital network of blo...