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8 South Korean Crypto Exchange Execs Jailed in USD 386m Fraud Wrap

12.11.2019
Source: iStock/st_lux A court in South Korea has jailed the head of cryptocurrency exchange Coinup for 16 years, after convicting him of fraud. Eight other executives from the exchange were also given jail time, with the company’s vice president given an 11-year prison term. The Seoul court ruled...

UN Claims Hong Kong Blockchain Firm Is North Korean Laundering Sham

6.11.2019
United Nations committee accuses North Korea of using a Hong Kong blockchain firm as a front to launder funds

Binance Enters Korean Market With New Business Entity

1.11.2019
Binance may have taken another step toward launching a crypto exchange arm in South Korea, according to a new business registration

Korean Presidential Committee Pushes to Legalize Crypto

31.10.2019
A South Korean presidential committee is pushing for the government to establish legal status for cryptocurrency to stay competitive globally. So far, the government’s policies have been risk-focused to curb speculation, which the committee says must change. Also read: China Ranks 35 Crypto...

S Korean Crypto Stance Under Pressure, Ripple Invests in University

30.10.2019
A group of blockchain advocates has made a fresh bid to change the South Korean government’s stance on cryptocurrencies – and has held talks with one of the country’s top financial regulators. Fn Today reports that Oh Gap-soo, the president of the Korea Blockchain Association, met with Korea...

‘Clicks and Bricks’ Strategy to Drive Korean Users to Terra’s Blockchain

29.10.2019
Terra Blockchain's CHAI dapp is rolling out a back-to-basics "clicks and bricks" growth strategy to boost retail adoption in South Korea

Korean Government to Back Blockchain Startups With $9 Million Fund in 2020

29.10.2019
The Korea Internet Security Agency will be supporting blockchain-related projects in 2020 with about $9.0 million in funding

Coinplug Gets Support From Major Korean Banks in Its $6.4 Million Round

25.10.2019
Coinplug, a leading cryptocurrency exchange based in South Korea, has raised $6.4 million from the venture capital divisions of several local Korean firms. It was founded in the year 2013, and since then, it has been successfully operating as a crypto exchange and a Bitcoin prepaid card service...

Major Korean Banks Back Bitcoin Startup Coinplug’s $6.4 Million Round

25.10.2019
South Korean bitcoin exchange and wallet startup Coinplug has raised $6.4 million from venture arms of major local financial institutions.

More Than Thirty South Korean Firms Come Together to Launch a New Blockchain ID Verification Platform

24.10.2019
Taking pride in being South Korea’s largest English daily, The Korea Herald has reported that over thirty South Korean firms are coming together to curate and put to use an ID verification solution governed by the blockchain technology. The top-tier thirty business houses and firms have partnered...

U.S. Agents to Hunt North Korean Crypto Hackers + 14 More Crypto News

23.10.2019
Crypto Briefs is your daily bite-sized digest of cryptocurrency and blockchain-related news – keeping you up-to-date with under the radar crypto news from around the world. Security news The United States National Security Agency has launched a new cybersecurity unit – with staff members who...

800+ South Korean Companies Dealing in Crypto Despite ‘Dead’ Market

22.10.2019
South Gate of Seoul. Over 800 South Korean companies are doing business in cryptocurrencies, per figures compiled by the regulatory Financial Supervisory Service (FSS). Aju News reports that a parliamentary committee asked the FSS to reveal how many companies in the country had corporate...

Major Korean Banks Join Government-Backed Blockchain ID Initiative

21.10.2019
Institutions including the Shinhan and NH Nonghyup banks have joined a blockchain identity initiative aimed to securely share personal data

South Korean Trade to Venture into Blockchain by 2021, Says Government

16.10.2019
South Korean Trade finance is about to take a leap in the blockchain according to the news by the local press. The government is on a spree to consolidate a foundation for seamless digital trade, at the same time cutting down the blockchain costs by around 90%, with introducing blockchain...

New Gov’t Initiative to Put South Korean Trade on Blockchain by 2021

16.10.2019
South Korea establishes a digital trade foundation to digitize trade financing by 2021

Small Crypto Exchanges ‘Low-hanging Fruit’ for North Korean Hackers

15.10.2019
A South Korean security expert says he is “unsurprised” by allegations that hackers from the North have developed a so-called “fake crypto app” that allows them to seize control of computers. The expert says Pyongyang cyber-criminals are becoming more “technologically adroit” in their methods...