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South Korean Crypto Exchanges Ready Compliance Measures as Clock Ticks


South Korea’s landmark Special Financial Transactions Information Act amendment was promulgated earlier this week, a fortnight after the country’s parliament voted unanimously in its favor. Although many industry players have been galvanized by it, others have warned that its stipulations – which...

Why Is South Korea’s Coronavirus Fatality Rate so Low?


With the coronavirus pandemic raging – bringing illness, death, and unprecedented economic decline in its wake, the pressure is on scientists, doctors and statisticians to pick key patterns out of the flood of coronavirus-related data. In fact, rewind a few weeks and you may recall that South Korea...

Is the South Korean Government Teaching Children How to Use Crypto?


Source: iStock/recep-bg A revamped learning resource platform aimed at boosting entrepreneurship in elementary and middle school pupils teaches children how to raise digital tokens in online crowdfunding incentives. Per Yonhap, the platform, which went live on March 16, aims to nurture “young...

New South Korean Crypto Law May ‘Force 190 Exchanges to Close’


While much of the South Korean crypto community is still celebrating the introduction of the country’s first-ever piece of crypto-specific legislation, others are warning that the overwhelming majority of crypto exchanges will likely go under once the new laws’ banking stipulations come into...

South Korean Gaming Giant Unveils Two Mobile Blockchain Games


WeMade Tree, the blockchain arm of South Korean gaming giant WeMade, has announced that it will release two new major blockchain-powered mobile gaming titles. Per Sports Kyunghan, the two titles will be named Bird Tornado for WEMIX and Aqua for WEMIX. WEMIX is Wemade Tree’s new blockchain-powered...

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