The Bank of Korea has set up a legal panel to advise on possible regulatory sticking points for a future CBDC issuance.
Blockchain analytics provider Coinfirm will help Binance Korea better comply with anti-money laundering rules.
South Korea’s fascination with blockchain and cryptocurrency seemingly grows stronger each day. The country is among the few global powers to have embraced and made regulations for the controlled rise and introduction of digital currencies. Now, there might be greater plans in the mix, if a recent development, buoyed by Chinese progress in blockchain systems, […]
The post “Concerned” by Chinese influence, ICON founder reveals South Korea is mulling a $400 million blockchain fund appeared first on CryptoSlate.
At long last, the coronavirus outbreak is starting to slow. As a result, individuals in some parts of the world have been allowed to go back to work. One crypto company is benefiting from this trend. ICON heads back to work as coronavirus slows in South Korea According to Min Kim, the founder of the […]
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Contents Protocol, a Korean crypto startup focused on content exchange, announced that it will shut down due to a lack of business prospects and regulatory uncertainties. In a rare bout of professionalism and solidarity, the company will be refunding their investors, distributing just under 27,000 ETH on a pro-rata basis. Korean content exchange protocol shutting […]
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Eight months after launch, Terra, a stablecoin protocol backed by four of the world’s largest crypto exchanges, has surpassed one million user accounts and hit an annual run rate of $2.4 billion, the company reported in a press release seen by CryptoSlate. In 2018 Seoul-based Terra raised $32 million from myriad VC heavyweights, including the […]
The post Stablecoin protocol Terra surpasses one million users in less than 9 months appeared first on CryptoSlate.