NEW CRYPTOCURRENCY ASSET CLASSIFICATION, S.KOREA REGULATORS TO UNTIGHTEN THE POLICY
NEW CRYPTOCURRENCY ASSET CLASSIFICATION, S.KOREA REGULATORS TO UNTIGHTEN THE POLICY South Korea has been swamped reviewing its cryptocurrency regulations. The regulators hope to loosen the rules on cryptocurrency assets in line with G20 famous policies. Another government agency is managing…
BANK OF KOREA SAYS CRYPTO INVESTMENT POSES ‘INSIGNIFICANT’ RISK TO LOCAL FINANCIAL MARKET
BANK OF KOREA SAYS CRYPTO INVESTMENT POSES ‘INSIGNIFICANT’ RISK TO LOCAL FINANCIAL MARKET According to South Korean central bank the Bank of Korea (BOK), the outstanding balance of virtual currency accounts in domestic banks totalled $1.79 billion as of Dec….
SOUTH KOREA INVEST $200 MLN IN THE BLOCKCHAIN DEVELOPMENT
SOUTH KOREA INVEST $200 MLN IN THE BLOCKCHAIN DEVELOPMENT The Ministry of Science and Information & Communication Technologies of South Korea plans to allocate two hundred million dollars for the Blockchain Technology Development Strategy. According to the plan, for further…
CYBER ATTACK ON BITHUMB LED TO THE THEFT OF $ 30 MILLION
CYBER ATTACK ON BITHUMB LED TO THE THEFT OF $ 30 MILLION More than $ 30 million was stolen by hackers – the sixth in the world in terms of trading volume the crypto–exchange market and South Korea’s largest trading…
TOP CRYPTO EXCHANGES 2016 TODAY IS FAR FROM BEING IN TOP
TOP CRYPTO EXCHANGES 2016 TODAY IS FAR FROM BEING IN TOP The leading crypto exchanges of 2016 today lost leadership. They were replaced by other platforms. According to the Coinmarketcap, in August 2016 the leading crypto exchange was Okcoin.cn. With…
BITHUMB STOPS OPERATIONS IN 11 COUNTRIES
BITHUMB STOPS OPERATIONS IN 11 COUNTRIES The South Korean crypto exchange Bithumb ceased operations in 11 countries, including North Korea, Iran, and Iraq, suspecting possible money laundering among users. The crypto exchange reported on further compliance with global standards for…
ESTABLISHING BEST PRACTICE WORLDWIDE
South Korea‘s crypto-exchange Bithumb and the service of the mobile payment system Korea Pay will work together. The exchange Bithumb has expanded its list of support services and own consulting services. Together with the company Korea Pay’s Service which has…
TOURIST BOOM IN SOUTH KOREA
You can book a room with cryptocurrency, and pay bills for tourist services using applications. The major crypto-exchange of South Korea Bithumb has teamed up with Seoul-based Innovation Corp. Thanks to this partnership, more than 50 000 hotels, motels, inns,…
OPTIMISTIC FORECASTS FROM THE RUSSIAN CRYPTOCURRENCY ASSOCIATION
Bitcoin will make a comeback of its positions, — the Head of the Russian Association of CryptoCurrency and Blockchain Yuri Pripachkin is sure. He believes that bitcoin in March will overcome the boundary of $16,000 and by the end of…
BLOCKCHAIN CHANGES THE WORLD
The development of blockchain technology can change the world because the blockchain already becomes a key infrastructure in the forthcoming fourth industrial revolution. This is the opinion of South Korean Finance Minister Kim Dong-yeon. The minister does not make such…