October 20, 2020 Japanese messaging giant Line developing CBDC platform The platform would aid central banks in Asia with developing a central bank digital currency. Line, a Tokyo-based subsidiary of the South Korean internet search engine company Naver, is building a platform for developing central bank digital currencies, South Korean news agency the Chosun Ilbo reported on Oct.…
October 15, 2020 Korean blockchain lobby calls for crypto tax plan to be put on ice The Korea Blockchain Association wants the government to postpone the implementation of its new tax framework until 2023.…
October 7, 2020 South Korea’s digital won to begin distribution phase next year The South Korean central bank is on track with its CBDC pilot program, but still insists it has no current plans to launch.…
October 7, 2020 BMW Korea trials a blockchain-powered rewards program ahead of global launch The car manufacturer is trialing the new blockchain system, which offers customers tokenized loyalty points, before its potential rollout worldwide.…
October 7, 2020 South Korea plans to test-run CBDC issuance and circulation next year The central bank of Korea (BOK) is moving to the next preparatory stage for a potential digital WON, a central bank-issued digital currency (CBDC).…
September 28, 2020 Investor losses legal battle against Bithumb for 2017 data breach incident The user claimed to have lost a massive amount of money due to Bithumb’s negligence. According to news agency Yonhap, Bithumb will not have to repay a crypto investor who allegedly lost $401,000 as a result of a 2017 data breach suffered by the firm.A…
September 25, 2020 Samsung’s new blockchain pilots are all about transparently tracking medicine Blockchain continues to attract interest in the pharmaceutical industry. Samsung SDS will conduct a series of pilot projects in November to test blockchain-powered medicine distribution management.…
September 24, 2020 Mandatory KYC verification may contradict privacy laws in South Korea Will this legal contradiction be resolved before the deadline? With the South Korean government preparing to implement know-your-customer (KYC) and anti-money laundering (AML) compliance processes, there is confusion among legal experts as to whether the requirements contradict other laws.According…
September 22, 2020 South Korean regulator is wary of NFT-based games The South Korean gaming regulator is reluctant to embrace NFTs. The South Korean blockchain gaming industry is concerned regulators are looking unfavorably on non-fungible token based games, after the Game Rating and Administration Committee (GRAC) postponed an application for the NTF-based Five Stars on September 22. …
September 22, 2020 South Korea’s Bithumb exchange is up for sale from $430 million For the second time, Bithumb exchange is reportedly looking for a new buyer to take over its operations.…
September 18, 2020 Blockchain city: Busan companies don’t know about blockchain Companies in blockchain city’s special regulatory free-zone are not familiar with this technology according to a reportThe vast majority doesn’t plan adoption of blockchainBlockchain tech companies cite regulatory obstacles According to the recent report from the Busan Research Institute (BRI), 62 percent of the companies in Busan do not know what blockchain technology is.…
September 18, 2020 Police summon Bithumb chairman for questioning over alleged fraud Police raids on the Bithumb offices are apparently not just FUD as more investigation reports come in.…
