South Korea

While Bitcoin Cash surges, we talked to a Japanese coffee shop owner who just started accepting BCH as payment yesterday. Buying bubble tea with a digital yuan China’s DCEP pilot program continues to expand. Police in Korea are told no to crypto, but who will police the police?

7 may 2021

One of South Korea’s largest banks, KB Kookmin Bank, has launched Korea Digital Assets (KODA), an over-the-counter and custody service aimed at institutional crypto investors. Experts say that the bank is likely testing the waters to see how the government reacts.

4 may 2021

The world’s biggest cryptocurrency exchange Binance announced the upcoming launch of its own NFT marketplace this June. The platform will support Binance Smart Chain and Ethereum, hoping to expand its ecosystem to other blockchains such as Tron, Flow and Wax. Over in South Korea, the Financial Services Commission warned its employees to disclose personal crypto investments.

27 abr 2021

The CEO of Turkey-based crypto exchange Thodex is still missing, along with hundreds of millions of dollars in users’ funds, after the exchange went dark last week. The Turkish government is investigating Thodex’s collapse and threatening further crypto crackdowns. Nik De reviews the situation in Turkey. Plus, an update on regulations in South Korea.

26 abr 2021

Cryptocurrency investors in South Korea are striking back at authorities’ anti-crypto rhetoric. A series of national petitions, including one to unseat financial watchdog chief Eun Sung-soo, gained traction after he disregarded cryptocurrencies as “real currency," The crypto market swims in seas of red as 13% of its total market cap is shaved off in the past 24 hours. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

23 abr 2021

South Korean authorities are now targeting all illicit crypto activities in the country during a special enforcement period from April to June. “The Hash” panel suggests why this might be a big turnaround for Korea in its position as a major global hub for cryptocurrencies.

21 abr 2021

Macau, one of the largest casino hubs globally, is studying the feasibility of CBDC applications with the help of the Chinese central bank. Top South Korean banks urge the banking industry to reject suspicious remittance applications as kimchi premium arbitrage rises. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

15 abr 2021

Government dismay at crypto frenzy in South Korea brings the country’s bitcoin premium down a few notches, but despite threats and policy chills, it’s only got more South Koreans interested in the dizzying crypto world. More on that story and other news shaping cryptocurrency and blockchain – in this episode of The Daily Forkast on CoinDesk TV, April 8, 2021.

8 abr 2021

OKEx, one of South Korea’s largest crypto exchanges, announced it will close down due to new anti-money laundering (AML) guidelines that would make it too difficult to continue operating. “The Hash” panel breaks down what new Financial Action Task Force (FATF) draft guidelines might mean for the wider crypto world.

23 mar 2021