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South Korean Merchants ‘May Accept Digital Yuan from Chinese Tourists’

10.6.2020
Countries with a large influx of Chinese tourists could be among the first outside the Middle Kingdom to accept the forthcoming digital yuan, claims a South Korean report – although it comes with warnings of “Big Brother’s” creeping influence over Chinese finance. Per South Korean news agency...

South Korea Edges Closer to CBDC Rollout Without Any Comitment

9.6.2020
The Gwangandaegyo or Diamond Bridge in Busan, South Korea. The South Korean central bank has reaffirmed its digital currency plans – but continues to add disclaimers, refusing to commit to launching a digital version of its won fiat currency. Per newspaper Hankyoreh, the central Bank of Korea (BOK)...

South African Solar Energy Blockchain Startup Raises $3 Million, Plans to Expand Across Continent

9.6.2020
The blockchain peer-to-peer renewable energy platform has now closed its $4 million Series-A funding round

South Korean City Opens Public Services to Blockchain-Based ID App

9.6.2020
South Korea’s second-largest city, Busan, will let its citizens access government services using a blockchain-based identification app developed by Coinplug

South Korean Crypto Exchange Is First to List Kakao’s Token

6.6.2020
Kakao’s KLAY token is now trading with a South Korea won pairing despite the country’s restrictions on ICOs

Crypto Integration Brings Thousands of New Users to Popular Chat App

4.6.2020
The 100k user milestone represents 2% of Kakao’s current user base in South Korea

Chinese Government Crackdowns and Cheap Hydropower- Miners Migrate from North to South China

4.6.2020
China-based bitcoin miners have started to migrate southbound from North China, according to local reports. The operators are having difficulties and are transitioning mining facilities for cheap hydro-powered electricity. Testimonials also show that 64 mining operations in the prefecture in Yunnan...

Decentralized Identity Could Replace All Login Functions, Says LG

3.6.2020
A representative of LG’s information technology subsidiary LG CNS told Cointelegraph that blockchain-based identity systems could replace all login functions

Four Rules For Trading Cryptocurrency In South-East Asia

3.6.2020
The text below is an advertorial article that was not written by Cryptonews.com journalists. Since bitcoin’s creation in 2009, cryptocurrencies have fascinated, intrigued and tempted investors ever since. With volatile price changes, and the ability to trade centralised currencies with the digital...

South Korean Prosecutors Freeze Crypto Wallets of Suspected Child Porn Ring Chief

2.6.2020
A Seoul court granted the petition demanded by the prosecutors to freeze crypto wallets owned by the head of the Nth Room case

South Korean Gov’t May Introduce Capital Gains Tax on Crypto Earnings

2.6.2020
The South Korean government could introduce capital gains tax on crypto earnings – and may unveil its proposals as early as next month. Per a report from Digital Today, the South Korean Ministry of Economy and Finance is seriously considering imposing the same sort of tax rules on crypto earnings...

Exclusive: Binance Korea to Integrate Coinfirm Real-Time AML Monitoring

1.6.2020
Binance Korea will be using an anti-money laundering solution developed by Coinfirm, as the country requires a high level of regulatory compliance for crypto

Operator of Alleged Crypto Scam Flees South Africa for Mozambique

1.6.2020
The operator of an alleged seven-figure crypto scam appears to have fled the country of South Africa for Mozambique

Samsung May Have Appointed New Blockchain Leadership

30.5.2020
South Korean tech titan names Woong Ah-yoon as the head of their blockchain division

South Korea to Start Taxing Bitcoin Profits in 2021

29.5.2020
South Korea will start taxing profits from bitcoin (BTC) and other cryptocurrencies next year, according to local media reports. The taxation will also apply to bitcoin mining operations and income from initial coin offerings, should it be approved by Parliament. South Korea’s Ministry...