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South Korean Police on the Hunt for Ethereum Crime Ring Masterminds
12.6.2020
The Seoul Metropolitan Police seize two unnamed local crypto exchanges in an effort to dismantle an ETH-related crime ring
South Korean Police Bust Suspected USD 41.5M Ethereum Crime Ring
12.6.2020
Police in Seoul, South Korea, have searched and seized data from at least two unnamed crypto exchanges in the hunt for the masterminds of a suspected ethereum (ETH) fraud ring believed to be worth at least USD 41.5 million.
Per reports from KBS and Joongang Ilbo, the ring made use of multi-level...
South Korean Insurance Giant to Use Blockchain Tech for Mobile Messages
11.6.2020
South Korean insurance giant KB Insurance plans to implement a blockchain-enabled mobile message delivery system for its clients
South Korean Merchants Open to Accepting Digital Yuan
10.6.2020
An article published by Yonhap suggests that South Korean merchants are open to accepting digital yuan as a payment method in the near future
South Korea’s NH Bank Forms Blockchain Financial Services Consortium
10.6.2020
The South Korean NH NongHyup Bank has announced a memorandum of understanding to research and develop blockchain-based financial services through a new consortium
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...