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South Korean telecom launches blockchain wallet for official documents
22.10.2020
South Korea's SK Telecom is issuing a blockchain solution for the storage and management of government certificates
EY, Samsung SDS & Naver-Line Consortium Bids to Test South Korean CBDC
22.10.2020
There has been mixed news for the central Bank of Korea (BOK) as it prepares to launch its first pilot for the digital won.
The bank is still yet to make an official decision on whether it will actually launch the central bank digital currency (CBDC) or not, but recently claimed that it would...
Japanese messaging giant LINE reportedly working on CBDC platform
20.10.2020
The platform would aid central banks in Asia with developing a central bank digital currency
Exploring the landscape of crypto regulations in sub-Saharan Africa
19.10.2020
Despite facing hot-and-cold rules, growing crypto usage in sub-Saharan Africa is forcing regulators to reconsider the industry
Korean blockchain lobby calls for crypto tax plan to be put on ice
16.10.2020
The Korea Blockchain Association wants the government to postpone the implementation of its new tax framework until 2023
South Korean MP Calls Tax Authority's Bithumb USD 67m Bill ‘Baseless’
9.10.2020
South Korean trading platform Bithumb has won a powerful supporter in its quest to fight an unprecedented multi-million tax bill after an MP and parliamentary finance committee member claimed the nation’s tax authority’s USD 67m tax bill – served to the crypto exchange late last year – has no legal...
Teleskop Gemini South pořídil úžasný snímek mlhoviny Carina
9.10.2020
Teleskop Gemini South pořídil úžasný snímek mlhoviny Carina
South Korea May Review Crypto Tax Law ahead of 2021 Regulations
8.10.2020
The South Korean government said that it is conditionally prepared to carry out a review of crypto tax regulations – a year ahead of the promulgation of the country’s first crypto-specific tax law.
Per news agency Yonhap, Hong Namk-ki, the Deputy Prime Minister and the nation’s finance minister...
BMW Rolls Out Blockchain-powered Token Rewards Platform in South Korea
8.10.2020
Source: Adobe/bizoo_n
BMW Korea has launched a blockchain-powered “lifestyle” platform that rewards South Korean car owners with tokens they can redeem against flight tickets and maintenance payments.
Per Aju Kyungjae, BMW Korea stated that the platform, named BMW Vantage, would be "launched...
Bank of Korea digital won pilot moving to distribution phase next year
7.10.2020
The South Korean central bank is on track with its CBDC pilot program, but still insists it has no current plans to launch
South Korean Central Bank to Launch CBDC Pilot in 2021
7.10.2020
The South Korean central bank, the Bank of Korea (BOK) has announced that it is to begin a central bank digital currency (CBDC) pilot next year, in conjunction with major firms and domestic banks.
Per Seoul Shinmun and the Fourth Journal, the BOK has stated that it has completed the design...
BMW Korea trials a blockchain-powered rewards program ahead of global launch
7.10.2020
The car manufacturer is trialing the new blockchain system, which offers customers tokenized loyalty points, before its potential rollout worldwide
South Korea’s Central Bank to Test Digital Currency With Banks in 2021
7.10.2020
Following China's lead, the Bank of Korea is to run circulation trials of a central bank digital currency with assistance from banks
South Korean MP Calls on Seoul to ‘Urgently’ Boost Crypto Innovation
7.10.2020
Korean lion dog statue and the National Assembly building, Seoul. A politician has called on South Korea to “urgently” prioritize the development of crypto security technology – stating that blockchain-powered finance is now an inevitable reality for the country, and the rest of the world.
Lee...
South Korean Bank NH Launches Blockchain-powered Document Wallet
29.9.2020
South Korean financial services provider Nonghyup (NH Bank) has begun issuing over a dozen forms of digital certificates using a blockchain-powered system and an e-wallet that will be able to hold hundreds of types of blockchain-verified forms of authentication.
Per the Electronic Times, the bank’s...
Investor losses legal battle against Bithumb for 2017 data breach incident
28.9.2020
The user claimed to have lost a massive amount of money due to Bithumb’s negligence
Samsung’s new blockchain pilots are all about transparently tracking medicine
25.9.2020
Blockchain continues to attract interest in the pharmaceutical industry
NFT Issues Freeze South Korean Gaming Regulator into Inaction
25.9.2020
The debate about blockchain gaming, non-fungible tokens (NFTs) and regulation continues to rumble on in South Korea – with the nation’s gaming commission speaking out about its reasoning for long delays in issuing ratings to blockchain game developers.
As previously reported, video game developer...
Mandatory KYC verification may contradict privacy laws in South Korea
25.9.2020
Will this legal contradiction be resolved before the deadline?
South Korean regulator is wary of NFT-based games
23.9.2020
The South Korean gaming regulator is reluctant to embrace NFTs