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New Blockchain Consortium in Middle East Will Improve KYC Efforts Among Banks

The Middle East and South Asia (MEASA) region has formed its first blockchain consortium to bring better efficiency to KYC and data sharing practices between institutions. The Dubai International Finance Centre (DIFC) along with Mashreq Bank has partnered with Norbloc for the solution, as reported by Emirates News Agency, July 31, 2019. дальше »

2019-8-1 12:30


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Korea’s ‘Big 4’ Bitcoin Exchanges Facing Strict AML Scrutiny from Banks

The latest news emerging from South Korea indicates that Bitcoin exchanges are facing a surprisingly increased level of scrutiny of commercial banks amid the renewal of banking services. The revelation comes as the intergovernmental Financial Action Task Force (FATF) continues to urge countries to enact stricter regulatory controls over the crypto industry. дальше »

2019-7-30 13:00


BitHolla: Safe and Easy Open Exchange Software?

With more than 4 years of experience and a customer base that runs from South Korea to the Middle East and Australia, bitHolla aims to create a frictionless crypto trading technology. Its mission is to create a customized, future-proofed financial technology that will help guide businesses into the age of digital currency. Typically, it costs […] дальше »

2019-7-29 21:02


Head of South Korea’s FSC Resigns Abruptly to “Widen the Scope” for New Cabinet Members

Chairman Choi Jong-ku left the Financial Services Commission in South Korea last week. There are already multiple candidates that may fill his position. South Korea has been rather strict in the way that they’ve navigated the cryptocurrency industry, but could that change soon? A new report from The Korea Times indicates that the chairman of […] дальше »

2019-7-24 23:48


Crypto Crimes Amount to 2.7 Trillion Won in Damage in Two-Year Timeframe Reveals South Korea

Crypto crimes, in the form of hacks, scams and money laundering, have become increasingly popular, ever since the market picked up. Crypto traders of today have heard of every possible way their assets can be compromised, whether this implies straight out of one’s personal wallets, crypto exchanges or falsified initial coin offerings. According to the […] дальше »

2019-7-22 00:11


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South Korean Heavyweights KT and NDS are Developing a Blockchain-Based Food Safety System

According to a post published on July 18, 2019, KT (formerly Korea Telecom), South Korea’s largest telephone company, and Nongshim Data System (NDS) an IT affiliate of the food and beverage company, signed an agreement to develop a blockchain-based food safety record system, once again expanding their blockchain services. дальше »

2019-7-20 23:00


Officially Unofficial: Samsung Coin is Being Trademarked, Only Not by Samsung

According to some filed reports in South Korea, someone appears to be attempting to capitalize on the distinct lack of solid trademark in place for virtual currencies. Specifically, we're seeing this with someone looking to nab the trademark for ‘Samsung Coin' right underneath the nose of Samsung, especially with its new turn towards blockchain technology. […] дальше »

2019-7-20 21:33