North Korean Hackers Pose a Threat to South Korean Cryptocurrency Exchanges, but the Government Does Not Care
The Political Affairs Committee of South Korea’s National Assembly has informed the Financial Services Commission (FSC) on numerous attempts of hackers to break into the country’s financial institutions. Cryptocurrency exchanges…
Read More »South Korean telecom launches blockchain wallet for official documents
South Korea’s SK Telecom is issuing a blockchain solution for the storage and management of government certificates.
Read More »With Ripple, Coinone Transfer Expands Quickly in Newly Opened Korean Remittance Market
Coinone Transfer is a blockchain-based financial services company in South Korea leveraging Ripple’s global network, real-time transfer capabilities and transparent transaction features to achieve hypergrowth in the newly opened Korean…
Read More »South Korea will Revise its Regulatory Framework Before Launching Digital Won
The Bank of Korea established an advisory group to revise the legislative framework before the launch of the digital won. Despite their CBDC will more resemble a digital version of…
Read More »South Korea’s First Won Backed Stablecoin is On the Way
A South Korean fintech firm has revealed it has successfully created a traded the nation’s first won backed stablecoin. Read more Market pieces here. BxB Inc., a South Korean fintech…
Read More »Cryptocurrency Fraud Worth 100 Bln Won Busted in South Korea
On June 12, 2020, the Seoul Metropolitan Police announced investigating a cryptocurrency scam project run by three fraudsters having collected about 100 billion won (approx. $83.1 million USD).
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