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South Korea Launches Digital Currency Intiative as BIS Expects CBDC Adoption

Over the past few months, there’s been a growing buzz about central bank digital currencies or centralized cryptocurrencies; responding to China’s efforts to digitize the yuan and the launch of Libra by Facebook and the world’s top Silicon Valley firms, the governments and monetary authorities of th..

Major South Korean Bank Sets Sights on Crypto Custody Service

Prominent South Korean bank KB Kookmin has set its sights on becoming a crypto custody provider joining the growing trend of financial institutions moving into the cryptocurrency custodial arena. The news comes at a time when the country’s government has issued new laws concerning virtual currencie..

South Korea’s Largest Bank Launch a Crypto Custodial Service

News Major South Korean bank KB Kookmin Bank is expected to launch a cryptocurrency custody service in the near future. According to a report from local news outlet Digital Today on March 27, the bank filed a trademark application for KBDAC, referring to a proposed Digital Asset Custody subsidiary..

Alleged Telegram Sex Crime Ringleader Paraded in Public in Korea

News The alleged ringleader of a notorious Telegram sex crime chat group has been paraded in public after millions signed a petition demanding the Korean Government publicly name him. Cho Ju-bin, 24 — who went by the username ‘Banksa’ or ‘doctor’ — was arrested and charged last week along with 17 ..

South Korean Government to Grant $3.2 Million to Blockchain Companies

News Two South Korean ministries have announced their support for the blockchain industry in the country with plans to allocate up to $3.2 million in funding to local startups to encourage the use of such technology. The Ministry of Science and ICT (Information and Communications Technology) and t..

BTC Plunge, YouTube Ban & Other Challenges: Bad Crypto News of the Week

AUDIO Bitcoin has been on a downward streak for the last week, down around 15 percent over the last seven days. That’s bad but it could be worse. You might have put your money in stocks. Some people, though, remain optimistic. RT’s Max Keiser predicts that the coronavirus will push Bitcoin up to $..

Revealed: How North Korea Laundered $100 Million of Stolen Crypto

News Blockchain forensics firm CipherTrace has published a detailed analysis of how two Chinese nationals. associated with North Korea. laundered tens of millions of dollars worth of stolen cryptocurrency. The pair are believed to be associated with the shadowy Lazarus Group, which was behind the ..

Bithumb Partners With Chainalysis Amid Tightening Korean Regulations

News On March 10, major South Korean cryptocurrency exchange Bithumb announced it has partnered with crypto forensics firm Chainanylsis following the passing of new Korean crypto regulations. Bithumb will employ Chainalysis’s “Reactor” investigations tool to examine suspicious activity on its plat..

Bitcoin Recognized as Money by French Court

The Commercial Court of Nanterre in France has issued a ruling recognizing Bitcoin (BTC) as currency — a development that could have significant implications for the country’s cryptocurrency market. Recently, financial regulators in Germany classified cryptos as financial instruments, further enhanc..

New Amendment: South Korean Legislators Aim Crypto for the Mainstream

If a new amendment put forth in South Korea’s legislature is approved by the country’s president, the regulatory environment around cryptocurrencies in the Asian economic power will finally be clarified. The cryptoeconomy turned its attention to the Korean National Assembly on March 5th, when the d..

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