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South Korean gaming conglomerate Nexon denies plans to acquire Bithumb
Reports last week had claimed that Nexon was poised to acquire the exchange at an evaluated price of roughly $460 million.
дальше »2021-1-11 12:51
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Gaming Conglomerate Nexon Plans to Acquire Bithumb for $460 million
Nexon Group, a multi-billion dollar gaming conglomerate based in South Korea, is reportedly preparing to acquire Bithumb, the country’s largest cryptocurrency exchange, for a price tag of close to $500 million. дальше »
2021-1-8 06:45
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South Korean Gaming Giant Planning to Buy Crypto Exchange Bithumb for $460 Million
Nexon, the South Korean multi-billion-dollar gaming conglomerate, is reportedly planning to buy a 65% stake in troubled crypto exchange Bithumb in a deal worth about 500 billion won ($460 million). ● According to local media reports, Nexon is to buy all the shares owned by Bithumb chairman Lee Jung Hoon, including several others totaling up […] дальше »
2021-1-8 04:30
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South Korean Gaming Conglomerate to Purchase Bithumb for $460M
South Korean agency Maekyung broke the news, stating that Nexon and Bithumb have officially signed a memorandum of understanding (MOU) to kickstart the process The deal will result in Nexon acquiring a ~65% stake in the Bithumb exchange. дальше »
2021-1-7 17:58
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Blockchain Adoption in South Korea’s Health Sector on the Rise Amid COVID-19
South Korea’s healthcare sector is seeing an increase in blockchain adoption as practitioners pivot towards virtual contact with patients amid the ongoing coronavirus pandemic. From the handling of clinical research data to patient information, the novel tech is experiencing utilization in South Korea as stakeholders prioritize privacy and efficiency within the industry. дальше »
2020-12-16 20:00
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South Korea Postpones 20% Crypto Tax Policy to 2022
South Korea has delayed the enforcement of its crypto tax law until the start of 2022 providing ample time for exchanges to create the necessary machinery for accurate cryptocurrency financial reporting. дальше »
2020-12-2 00:00
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South Korea’s Telecoms Giant to Launch Online Mall Powered by Busan’s Crypto
KT Corporation is launching an online mall dubbed Dongbaek Mall. The Mall will adopt Busan City’s blockchain-based digital currency, Dongbaekjeon as its primary medium of exchange, according to reports on November 26, 2020. дальше »
2020-11-27 07:00
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South Korean Lawmakers to Delay Cryptocurrency Tax Rule Implementation Till 2022
The South Korean lawmakers are reportedly making plans to push a three-month delay on the imposition of a tax law amendment bill that the government had proposed on virtual currencies. The bill aims to impose income tax on investments in cryptocurrencies like Bitcoin, ETH, and the likes and have been enforced to commence from October […] дальше »
2020-11-26 00:23
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South Korea: Crypto Tax Law Might Be Postponed Until 2022
South Korea’s National Assembly may grant a three-month extension for the enactment of its planned crypto tax policy following consultations with industry stakeholders. Several commentators within the country’s cryptocurrency space still argue that levying taxes on virtual currency trading gains will likely stifle the growth of crypto commerce in the country. дальше »
2020-11-25 16:30
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South Korea May Postpone Cryptocurrency Tax Enforcement Until 2022
South Korea’s parliament is considering delaying the implementation of its cryptocurrency tax laws until the start of 2022. Back in June, the country’s government announced plans to introduce a capital gains tax on cryptocurrency trading beginning in 2021. дальше »
2020-11-25 13:20
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Huobi Plans Takeover of Major Japanese and South Korean Crypto Exchanges
Huobi, China’s largest crypto trading desk Huobi is reportedly pursuing an aggressive globalization agenda that involves the acquisition of major crypto exchanges across Asia. Huobi Eyes bitFlyer and Bithumb Acquisition According to an exclusive report by Chinese crypto news source @WuBlockchain, Huobi is set to purchase major Asian crypto exchanges bitFlyer and Bithumb. дальше »
2020-11-18 00:00
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South Korean Regulators to Bar Crypto Exchanges from Handling Privacy Coins
From March 2021, cryptocurrency exchanges and virtual currency providers in South Korea will be barred from handling “dark” coins and assets that heighten money laundering risks, the country’s main regulator, the Financial Services Commission (FSC), in a notice on Nov 3, said. дальше »
2020-11-5 20:59
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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 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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S. Korea’s Major Crypto Exchange Bithumb Up for Sale Again, Report
The owners of Bithumb are reportedly looking to sell the cryptocurrency exchange once again. The asking price is believed to be at least 500 billion won (around $430 million). Bithumb was last up for sale in 2018. дальше »
2020-9-23 20:21
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Bithumb Raided by Korean Police as Fraud Investigation Continues
Authorities in Seoul have reportedly raided the offices of Bithumb, the largest cryptocurrency exchange in South Korea. According to local news outlet Seoul Shinmun, a special crime unit at the Seoul Metropolitan Police Agency conducted a search and seizure operation at Bithumb’s headquarters in the Gangnam District on Sept 2. дальше »
2020-9-2 15:19
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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 Korean Police Seize Coinbit Crypto Exchange Over $84 Million Wash Trading Allegations
Police in South Korea has seized Coinbit, the third-largest cryptocurrency exchange in the country, over allegations of wash trading activity, amounting to over 100 billion WON ($84 million) in faked income. дальше »
2020-8-28 01:31
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South Korea: Samsung Integrates Blockchain-Based Identity Solution Into Blockchain Keystore
South Korean multinational conglomerate Samsung has integrated SK Telecom’s blockchain-based mobile identity solution into its Blockchain Keystore. A Major Push for Blockchain Identities in South Korea Yesterday, major South Korean telecom operator SK Telecom announced that it had integrated its distributed ledger technology-powered (DLT) mobile identity solution Pass with the Samsung Blockchain Keystore. дальше »
2020-8-24 19:07
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South Korea’s Crypto-Friendly Island Selects ICON for Coronavirus Tracing App
An influential South Korean project is partnering with the local government to develop a blockchain-based application for coronavirus tracing, according to a release Wednesday. ICON Partners with Jeju Islands ICON, a South Korean player in the blockchain and cryptocurrency space, announced that Jeju Island, the country’s most popular domestic tourist destination, will use its DecentralizedRead MoreRead More. дальше »
2020-8-20 17:00
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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 Korean ICON Boards the DeFi Train with DAO Platform
Blockchain projects and crypto companies are scrambling to get on the DeFi bandwagon—which has turned into more of a bullet train as of late. The South Korean ICON Network is the latest passenger to hop aboard. дальше »
2020-7-29 12:10
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South Korea will implement a 22% tax law on Cryptocurrencies come 2021
The South Korean government has ordered the implementation of a tax law that will require a variety of assets to pay taxes. Said tax law will be effective in 2021; five months from now. The announcement was made on the 22nd of July by the country’s Ministry of Strategy and Finance with a “2020 Tax […] дальше »
2020-7-23 10:15
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Bank of Korea Acquires Samsung-backed Blockchain Authentication Certificate System
South Korea’s central bank has signed a memorandum of understanding (MoU) with the country’s Financial Settlement Service to take over the management of BankSign; a blockchain authentication certificate service. дальше »
2020-7-14 01:07
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South Korean Authorities Tap Blockchain for Medical Data Storage
The government of South Korea is partnering with Sendsquare, a blockchain startup in charge of the FLETA Blockchain, to develop a proof-of-concept project which aims to store the data of the nation’s 3. дальше »
2020-6-30 01:00
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South Korea to invest in a blockchain-based platform to secure medical data
Korea selects blockchain startup SendSquare to create a blockchain platform to host connected public... The post South Korea to invest in a blockchain-based platform to secure medical data appeared first on Coin Journal. дальше »
2020-6-30 16:32
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South Korea Unveils Blockchain Strategy to Launch Online Voting and Election System by 2022
During the 16th, 4th Industrial Revolution Committee meeting on June 24, 2020, South Korea’s Ministry of Science and Technology announced plans of developing seven distributed ledger technology-based systems including the launch of a voting and election system by 2022 under the “Blockchain Technology Diffusion Strategy. дальше »
2020-6-25 14:35
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South Korea to Impose Crypto Tax, Says Finance Minister
According to a report by a local media outlet, Korea JoongAng Daily, the South Korean finance minister today confirmed that the country will go ahead with its plan to tax cryptocurrency transactions. дальше »
2020-6-18 21:07
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Bitcoin Finds Support at $9,000, Bitmain Woes and More: News Roundup
Ever since it hit a high of $10,429 at the start of the month, Bitcoin’s price has been dropping gradually. At press time, it stands at $9,220, having dropped 2% in the past 24 hours. The pioneer crypto hit $8,910 earlier today, its lowest since late May, but has since bounced back. дальше »
2020-6-16 21:18
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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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Bank of Korea launches legal advisory panel for CBDC development
This is part of a series of initiatives being launched by the central bank...
The post Bank of Korea launches legal advisory panel for CBDC development appeared first on Coin Journal.
дальше »2020-6-15 16:37
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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 Tax Crypto Trading Like Real Estate
Three months on from the pro-crypto government regulation and South Korea is moving to impose taxes on cryptocurrency trading. After a tumultuous two-year period, South Korea’s crypto scene is starting to see some positive sentiment from the authorities. дальше »
2020-6-13 20:24
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South Korean Police on the Hunt for Ethereum Crime Ring Masterminds
The Seoul Metropolitan Police seize two unnamed local crypto exchanges in an effort to dismantle an ETH-related crime ring.
дальше »2020-6-13 17:35
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South Korea’s Central Bank Focuses on Blockchain and CBDCs in New Ten-Year Plan
The Bank of Korea has revealed a new 10-year development plan for the nation’s economy. The bank is giving blockchain technology and CBDCs a greater priority, with many initiatives planned to be launched by the end of the year. дальше »
2020-6-10 10:10
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South Korean Giant Kakao Rolls Out Crypto Wallet App Klip
Klaytn, the blockchain platform developed by South Korean conglomerate Kakao, has just released a crypto wallet. The company announced the news via a Medium post published on Wednesday. According to the announcement, the wallet named Klip will support Klaytn’s native token KLAY and ten other Klaytn-based virtual ‘coins’ as well as numerous other non-fungible tokens […] The post South Korean Giant Kakao Rolls Out Crypto Wallet App Klip appeared first on BeInCrypto. дальше »
2020-6-4 21:06
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South Korea's ICON Releases Blockchain Interoperability Protocol
South Korea’s largest public blockchain, ICON, has released its Blockchain Transmission Protocol, allowing individual blockchains to interact and communicate with each other. дальше »
2020-5-29 13:55
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LG Shows Interest in Distributed Ledger Technology, Joins Hedera Hashgraph Governing Council
South Korea’s electronic giant exhibits interest in distributed ledger technology.
дальше »2020-5-28 01:00
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Jobless South Korean University Graduates Are Increasingly Interested in Blockchain
Can blockchain cure the country’s job creation woes?
дальше »2020-5-26 01:02
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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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South Korean Government Labels Blockchain a Golden Opportunity
A South Korean minister is calling to local firms to seize “golden” opportunities in the global blockchain market
дальше »2020-4-19 19:50
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Crypto Exchange Bithumb to Launch Staking As a Service With IOST
In a blog post published on April 14, 2020, South Korean cryptocurrency exchange Bithumb announced it would be launching staking as a service on April 20, 2020, with IOST (IOST) as the first cryptocurrency available for staking on the trading platform. дальше »
2020-4-15 19:30
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ICON (ICX) Launches Smart Contracts-Supporting Consensus Algorithm
ICON (ICX), a South Korea-based distributed ledger technology (DLT) project that claims to be focused on fostering interoperability between independent blockchains, has rolled out a new consensus algorithm dubbed Loop Fault Tolerance 2. дальше »
2020-4-11 21:00
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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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Samsung-Affiliated Klaytn Blockchain Briefly Prevented from Generating Blocks
Klaytn, a South Korean service-centric blockchain platform, suffered a brief issue with unstable communication among consensus nodes on Sunday that led to block generation being halted. Klaytn is a blockchain project that belongs to Kakao, the South Korean social messaging giant that has also expanded into gaming, mobile banking, and other services. дальше »
2020-3-31 17:10
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