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South Korea’s Central Bank to Test Digital Won Distribution In 2021; CBDC’s Are Gaining Momentum
The Central Bank of South Korea has announced that it will commence the distribution phase of its CBDC next year, marking the final stretch of the 22-month scheduled initiative. First reported by the Korea Herald, the Bank of Korea (BOK) intends to run the distribution of its blockchain-based CBDC up to December 2021. дальше »
2020-10-8 19:33 | |
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South Korea Lawmakers Mull New Crypto Legislation
South Korea’s National Assembly is working with industry stakeholders to draft a “Virtual Asset Business Law. ” With the country falling behind the likes of China in the emerging digital economy, South Korean lawmakers and blockchain industry insiders are working to create clear-cut regulations for digital assets. дальше »
2020-10-8 18:57 | |
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Bank of Korea to begin testing CBDC
South Korea’s central bank, Bank of Korea (BOK) which had earlier established a central bank digital currency (CBDC) pilot program, has now announced that it planned to speed up the process by startThe post Bank of Korea to begin testing CBDC appeared first on AMBCrypto. дальше »
2020-10-8 19:22 | |
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South Korea’s Central Bank Announces Plans to Circulate National Digital Currency as Part of Pilot Test in 2021
Coinspeaker South Korea’s Central Bank Announces Plans to Circulate National Digital Currency as Part of Pilot Test in 2021As the central bank of South Korea seeks to complete the pilot tests of its national digital currency, it has not announced any information regarding partnerships with major commercial business enterprises yet. дальше »
2020-10-8 18:02 | |
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Bank of Korea to Test CBDC Distribution in 2021
With phase one of its central bank digital currency (CBDC) experiment complete, the Bank of Korea (BOK) is looking forward to testing the token distribution system in 2021. Despite the ongoing CBDC trials, South Korea’s central bank says it is not looking to launch a sovereign digital currency. дальше »
2020-10-7 14:34 | |
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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.
дальше »2020-10-8 14:19 | |
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South Korean court freezes Bithumb investor’s shares
The news comes after South Korean police conducted two consecutive seizures in a matter of a week. Bithumb is among the biggest cryptocurrency exchanges in South Korea. Though its customers have started to worry about using the platform for trading and storing their digital assets due to privacy reasons. дальше »
2020-9-18 00:42 | |
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How Does North Korea Launder Stolen Crypto?
Every country has got some dirty laundry, and North Korea exceedingly so. The country’s security services have engineered several crypto hacks over the last few years. But how does the autocratic state with few allies turn digital assets into fungible cash? Hacking is the Easy Part In recent years, North Korea has intensified its crypto […] The post How Does North Korea Launder Stolen Crypto? appeared first on BeInCrypto. дальше »
2020-9-12 23:00 | |
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Japan Speeds up CBDC Development as China’s Digital Yuan Advances
Top Japanese bankers and officials say digital currency development is a top priority now as the country “trails behind” China and South Korea in similar projects, according to a report by Japan Today. дальше »
2020-9-7 15:49 | |
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South Korean Central Bank Enters Phase 2 of CBDC Development; Seeks Consulting Partner
The Bank of Korea (BoK) has advanced its Central Bank Digital Currency (CBDC) initiative following a recent call for collaboration with a private consultancy. This move will set ground for the second phase of South Korea’s CBDC with a speculated pilot launch in 2021. дальше »
2020-9-1 17:30 | |
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South Korea Steady in Their CBDC Plans, Searching for a Local Consulting Partner
The central bank of South Korea, the Bank of Korea, is moving towards the technical phase in their concerted effort to pilot a central bank digital currency (CBDC)–the digital won, and will pick a consulting partner a month after completing the review of the first phase reports The Korea Times on Aug 31. дальше »
2020-9-1 13:00 | |
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Bank of Korea Set to Select CBDC Pilot Program Consulting Partner
South Korea’s central bank has disclosed details for a proposed consulting partnership as part of its second stage of preparation for launching a central bank digital currency (CBDC). According to the Bank of Korea (BOK), the desired consulting partner will be a local firm that will help the BOK build the architecture for the proposed […] The post Bank of Korea Set to Select CBDC Pilot Program Consulting Partner appeared first on BeInCrypto. дальше »
2020-9-1 10:00 | |
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South Korea: Major Banks to Start Offering Crypto Custodial Services
Leading South Korean lenders are now putting preparation in top gear to roll out custodial services for bitcoin and other digital assets. The move follows the government’s recently amended Special Financial Transactions Information Act, according to a report by local news platform, MTN on August 13, 2020. дальше »
2020-8-15 15:00 | |
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South Korea’s Largest Bank Unveils Bitcoin Custody Services
KB Kookmin Bank (KB), the largest commercial bank in South Korea, has agreed on a deal with blockchain venture fund Hashed and crypto exchange Cumberland Korea to offer bitcoin custody services. In January, the government-owned bank filed its trademark application for digital assets custody with the Korean Intellectual Property Office. дальше »
2020-8-9 06:30 | |
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Государственный банк в Южной Корее запустит сервис хранения криптовалют
Один из крупнейших банков Южной Кореи KB Kookmin Bank намерен запустить сервис для хранения и управления цифровыми активами. We are excited to announce a partnership with the largest bank in Korea, KB Kookmin Bank, to lead the digital assets industry. дальше »
2020-8-8 11:25 | |
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South Korea to Charge 20% Tax on Bitcoin Profits Under New Law
South Korea will now tax profits made from buying and selling of cryptocurrency at 20% after the government agreed to the decision on Wednesday. The decision was reached after months of debate. According to a taxation policy amendment notice released July 22, the Ministry of Economy and Finance said income from digital assets below 2. дальше »
2020-7-23 07:15 | |
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Bank of Korea Launches a Department Devoted to Blockchain and AI
Bank of Korea is launching a digital innovation department that will leverage blockchain and AI to improve business efficiency.
дальше »2020-7-23 00:09 | |
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South Korea to Implement 20% Income Tax on Crypto Gains After Finalizing on New Tax Code
South Korea's government has tabled its final proposed tax code on cryptocurrencies with the tax rule set to be implemented from October 2020. The new tax rule will see a 20% income tax on crypto gains take effect as South Korea's government scales its effort to capture digital asset revenue. The final documentation was agreed […] дальше »
2020-7-22 18:59 | |
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South Korea’s Financial Authorities to Include Cryptocurrencies in New Taxation Framework
A local publication reported that South Korea’s Ministry of Strategy and Finance aims to introduce taxes for digital assets, with the rate expected to reach 20 percent. The announcement was made during the Financial Parliamentary committee meeting chaired by Minister Hong Nam-Ki on 17th July. дальше »
2020-6-18 22:22 | |
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Bank of Korea announces legal advisory panel for CBDC
Many countries around the world have been making significant progress in terms of their developmental efforts for their own central bank digital currency [CBDC]. China is to unveil its Digital CurrencThe post Bank of Korea announces legal advisory panel for CBDC appeared first on AMBCrypto. дальше »
2020-6-16 20:00 | |
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South Korea Set Up Committee to Study Regulatory Obstacles for Potential CBDC Project
South Korea’s central bank, the Bank of Korea (BOK) has set up a legal advisory committee that will look into any possible regulatory roadblocks when issuing its planned central bank digital currency (CBDC). дальше »
2020-6-16 19:07 | |
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South Korea Establishes Panel for CBDC Review
South Korea’s central bank plans to conduct an in-depth review of the modalities required for issuing a central bank digital currency (CBDC). The news is the latest example of the country’s focus on digital innovation amid the backdrop of China’s advancement in the CBDC sphere. дальше »
2020-6-16 14:02 | |
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South Korea to Review Legal Issues Surrounding Potential CBDC Launch
The Bank of Korea has tapped six experts to assess possible legal issues surrounding the launch of a central bank digital currency.
дальше »2020-6-16 12:40 | |
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Chinese Officials Propose East Asian Stablecoin
Chinese officials proposed a regional stablecoin backed by four major Asian currencies. The proposed digital currency is meant to stimulate trade between China, Japan, and Korea. A Cross-Border Currency Shen... The post Chinese Officials Propose East Asian Stablecoin appeared first on Crypto Briefing. дальше »
2020-5-22 05:40 | |
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South Korea: Central Bank Conducts Research Into Global Adoption of CBDCs
The South Korea central bank, the Bank of Korea (BoK) recently released a paper detailing its research into the adoption and advancement of central bank digital currency (CBDC) across different central banks globally. дальше »
2020-5-21 01:00 | |
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South Korea Plotting $400 Million Blockchain War Chest to Challenge China
South Korea’s government is reportedly exploring a $400 million blockchain R&D fund to boost its emerging digital economy and stay apace with China’s growing dominance in the sector. According to ZDNet Korea, the country’s Ministry of Science and Technology will at the end of the month decide on whether to move forward with a planned […] The post South Korea Plotting $400 Million Blockchain War Chest to Challenge China appeared first on BeInCrypto. дальше »
2020-5-15 23:11 | |
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South Korea: Blockchain R&D Fund Worth $400 Million Under Consideration by Government
Amid growing concerns of China pulling away in the emerging digital economy, South Korea’s government is set to invest $400 million in blockchain research and development (R&D) as the country looks to revamp its digital technology sector. дальше »
2020-5-15 21:07 | |
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3 Reports Look at North Korea’s Lazarus Group, Iran’s Farhad Exchange, and the Crypto Ponzi Futurenet
On May 4, 2020, the blockchain surveillance firm Chainalysis published a three-part series covering a crypto Ponzi scheme, North Korea, and Iran’s use of digital currencies like bitcoin. The company’s research papers discuss the Poland-based crypto Ponzi called Futurenet, a hosting service allegedly tied to North Korea, and how Iran-based exchanges are bypassing OFAC sanctions […] The post 3 Reports Look at North Korea’s Lazarus Group, Iran’s Farhad Exchange, and the Crypto Ponzi Futurenet appeared first on Bitcoin News. дальше »
2020-5-7 01:05 | |
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North Korea’s Alleged $670M Cryptocurrency Stash in Question Amid Rumors of Kim Jong-Un’s Death
North Korea is thought to hold some $670M in Bitcoin and other cryptocurrencies — if not more. However, the fate of this big bag of digital currencies is uncertain as rumors swirl about the death of Kim Jong-un. дальше »
2020-4-27 09:10 | |
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Why a Central Bank Digital Currency (CBDC) Will Be Launched Soon
Quick take: The three major economies of China, France, and South Korea have recently been linked with expressing interest in launching their own Central Bank Digital Currencies. Interest in crypto by private citizens has risen slowly but surely after numerous signs of a global recession. дальше »
2020-4-11 16:29 | |
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South Korean Central Bank to Roll Out Pilot Program to Test CBDC Through Dec 2021
On April 6, South Korea’s central bank has made the announcement that it started a pilot program for assessing the logistics of a central bank digital currency (CBDC). While the bank doesn’t plan to introduce a CBDC very soon, it still had created the pilot scheme to make sure that it’s prepared to do just […] дальше »
2020-4-7 19:01 | |
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South Korea’s Central Bank Initiates Pilot Scheme For Trialing Digital Won
The central bank of South Korea announced today the launch of a pilot scheme to test the viability of its own digital currency to replace its current payment systems. Although the Bank of Korea explicitly notes that it has no plans of issuing the digital currency immediately as there is still significant demand for cash, […] дальше »
2020-4-6 16:22 | |
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Central Bank of South Korea Introduces Pilot Program for Testing Digital Won
Coinspeaker Central Bank of South Korea Introduces Pilot Program for Testing Digital WonDigital won will pass extensive testing by the Bank of Korea staff. Per the official announcement, the program will last until December 2021. дальше »
2020-4-6 14:11 | |
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Bank of Korea Begins Central Bank Digital Currency Rollout
Talk of CBDCs may have taken a back seat for many world central banks right now. Yet, despite claiming there was no reason for one just a couple of months ago, the Bank of Korea has unveiled a 22-month pilot plan. дальше »
2020-4-6 14:00 | |
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South Korea Banking Giant Plans to Launch Crypto Custody Service
KB Kookmin Bank, South Korea’s largest bank, is planning to launch a crypto custodial service known as KB Digital Asset Custody (KBDAC). The entry of the South Korean financial giant into the crypto market could spark widespread adoption across financial institutions in the country. дальше »
2020-3-28 22:00 | |
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South Korea May Get A New Crypto Custodian After Largest Bank Files Trademark App
KB Kookmin Bank, the largest bank in South Korea, is preparing to launch its cryptocurrency custody service as soon as possible. As per the local news outlet Digital Today reported on March 27, KB Kookmin Bank filed a KBDAC trademark application in which it referred to the Digital Asset Custody subsidiary it proposed in January, […] дальше »
2020-3-27 18:10 | |
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South Korea's KB Kookmin moves ahead with crypto-custody service plans
KB Kookmin, South Korea's biggest commercial bank, is in between plans of launching a crypto-custody service for digital coins like Bitcoin (BTC) and Ether (ETH), according to a recent report. This deThe post South Korea's KB Kookmin moves ahead with crypto-custody service plans appeared first on AMBCrypto. дальше »
2020-3-27 15:26 | |
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BOSAGORA Continues to Impress as Digital Currency BOA Lists on Bithumb
Bitcoin Press Release: BOSAGORA, a next generation smart-contracting blockchain which showed impressive results in 2019, has now listed on the major South Korean exchange Bithumb. 8th March 2020, Seoul, South Korea – BOSAGORA’s native token BOA, which is governed by a democratic “Congress Network” of its users, saw a staggering 279% growth in Q4 of […] The post BOSAGORA Continues to Impress as Digital Currency BOA Lists on Bithumb appeared first on Bitcoin PR Buzz. дальше »
2020-3-10 12:06 | |
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BOSAGORA Continues to Impress as Digital Currency BOA Lists on Bithumb
BOSAGORA, a next generation smart-contracting blockchain which showed impressive results in 2019, has now listed on the major South Korean exchange Bithumb. 8th March 2020, Seoul, South Korea – BOSAGORA’s native token BOA, which is governed by a democratic “Congress Network” of its users, saw a staggering 279% growth in Q4 of 2019. дальше »
2020-3-10 12:04 | |
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BitMax.io and Bithumb Korea Announce Strategic Partnership to Enhance Product Platform and Accelerate Global Expansion
BitMax. io, a Singapore-registered digital asset trading platform with a global footprint, and Bithumb Korea, a South Korean-based cryptocurrency exchange, are pleased to announce a strategic global paThe post BitMax. дальше »
2020-2-17 16:00 | |
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South Korea Commits $16M to Training Future Digital Finance Experts
South Korean government is investing $16 million in future digital finance experts
дальше »2020-2-14 01:39 | |
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Bank of Korea Sees No Reason for Central Bank Digital Currency
Bank of Korea sees no need to generate a Central Bank Digital Currency (CBDC), an official shared the regulator’s position. Despite the overwhelming presence of cryptocurrency projects in South Korea, the country’s central bank is skeptical of the drive for CBDCs. дальше »
2020-2-7 17:00 | |
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South Korean Authorities Formulate Legislation to Boost Mainstream Bitcoin Adoption
South Korea’s Presidential Committee on the Fourth Industrial Revolution (PCFIR) is advocating that the Korean government makes cryptocurrencies mainstream by introducing friendly regulations that will help to integrate distributed ledger technology (DLT) powered digital assets into the traditional financial world, according to an Ibtimes report. дальше »
2020-1-8 18:00 | |
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Bank of Korea Recruits Experts To Analyze The Impact of Digital Currencies
The central bank of South Korea is hiring a group of experts that will be working in order to analyze cryptocurrencies and to expand the bank’s knowledge of virtual currencies. The information was released by the Bank of Korea in a document on December 27. дальше »
2019-12-28 20:09 | |
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