Bank of Korea selects Kakao’s blockchain arm for digital won tests
The central bank of South Korea has chosen a blockchain subsidiary of local internet giant Kakao as a technology provider for its digital currency..
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South Korean crypto exchanges banned from handling coins they issued themselves
The increased regulatory scrutiny that befell South Korea’s cryptocurrency space in recent times appears to have extended to include exchange tokens..
Read MoreBank account flows for South Korean crypto exchanges surge 40% since 2020
As cryptocurrency markets grew in the first quarter of 2021, South Korean banks saw record volumes of deposits and withdrawals to local crypto..
Read MoreOKEx Korea crypto exchange to shut down as new reporting laws take effect
The South Korean branch of global cryptocurrency exchange OKEx is shutting down operations next month, OKEx Korea officially announced Tuesday.Users..
Read MoreSouth Korean Shinhan Bank pilots digital currency platform with LG CNS
Major South Korean commercial bank Shinhan Bank is looking to collaborate with the country’s central bank on developing a national digital currency..
Read MoreAnother $84M deposit begs the question: Why are Bitcoin whales in Korea selling?
Bitcoin (BTC) whales in South Korea have been selling heavily across major exchanges throughout the past week. Data shows that multiple $100 million..
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