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Tag: South Korean blockchain technology

South Korea: Bithumb Exchange Operator Reveals Plans for US, Japanese Markets

Crypto NewsPosted on April 19, 2019April 19, 2019 Mary K

The CEO of Singapore-based Blockchain Exchange Alliance (BXA) — which has a controlling stake in major South Korean crypto exchange Bithumb — has revealed plans to expand to the American and Japanese markets. The…


Central Bank of Korea Includes Research on CBDCs in Annual Report

Crypto NewsPosted on March 27, 2019March 27, 2019 Mary K

South Korea’s central bank has included a summary of research on central bank digital currencies (CBDC) in its 2018 annual payment settlement report issued Tuesday, March 26. The development of distributed ledger…


South Korea Establishes Special Task Force to Prevent Cryptocurrency-Related Crimes

Crypto News, UncategorizedPosted on March 8, 2019March 8, 2019 Mary K

The South Korean Supreme Prosecutors’ Office (SPO) has announced the establishment of a task force to fight cryptocurrency-related fraud and crimes. The development was reported by the Korean Broadcasting System (KBS), one of the…


Japan’s Central Bank Examines Central Bank Digital Currencies in New Report

Crypto NewsPosted on February 19, 2019February 19, 2019 Mary K

Japan’s central bank has examined the role of central bank digital currencies (CBDCs) in the current monetary system in a report released on Feb. 19. In the document, the bank describes the possible ways to…


South Korea’s Largest Foreign Exchange Bank Files 46 Blockchain-Related Patents

Crypto NewsPosted on February 14, 2019February 14, 2019 Mary K

South Korea’s largest foreign exchange bank — Korea Exchange Bank (KEB Hana Bank) —  has announced that it has filed 46 patent applications for business models related to blockchain, business technology news website ZDNet reports on Feb….


Seoul City Gov’t Launches ‘Blockchain Governance Team’ for State Services

Crypto NewsPosted on January 31, 2019January 31, 2019 Mary K

The Seoul Metropolitan Government has launched the Seoul Blockchain Governance Team to explore the benefits of blockchain in administrative services, Yonhap News reports Jan. 31. According to the report, the members of the…


South Korea Report: Major Exchanges Join Forces to Combat Money Laundering

Crypto NewsPosted on January 28, 2019January 28, 2019 Mary K

Four major South Korean cryptocurrency exchanges have reportedly joined their forces in order to combat money laundering, sources told local news agency The Korea Herald on Monday, Jan. 28. Quoting a report from South Korean news…


Blockchain Research Now Granted Tax Credit in South Korea

Crypto NewsPosted on January 13, 2019January 13, 2019 Mary K

South Korea’s government has added blockchain to the fields of research and development eligible for a tax credit meant to boost innovation, English-language local media TheNews.Asia reports on Jan. 8. The local Ministry of Strategy and Finance…


From South Korea to IBM Food Trust – How Blockchain Is Used in the Food Industry

Crypto NewsPosted on December 17, 2018 Mary K

2018 has witnessed a steady increase in the number of food manufacturers and retailers using blockchains to enhance their operations. From tracking the quality of food to facilitating international…


Major South Korean City to Build Blockchain-Enabled Virtual Power Plant

Crypto NewsPosted on December 11, 2018 Mary K

South Korea’s government will spend 4 billion Korean won (KRW) (about $3.5 million) to set up a blockchain-enabled virtual power plant (VPP) in the city of Busan. The development…


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