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South Korea
Korean Crypto Exchanges Paid $14.7M to Banks for Name Verification Services: Report
Exchanges have to set up partnerships with banks for real-name verification by Sept. 24.
Busan Plans Digital Asset Exchange, Tencent Launches Digital IOUs
The Korean city of Busan plans a digital asset exchange. Bitcoin mining difficulty on the increase. Tencent launches a digital IOU platform. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Bit Mining Pivots Overseas, Ethereum Creator Joins ‘Stoned Cats’ Cast
China’s Bit Mining pivots to focus on overseas mining business. Korean crypto exchange Upbit accused of involvement in illegal transactions. Ethereum’s creator joins the cast of animated crypto series ‘Stoner Cats.’ We’ll have more on that story and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
India Issues CBDC Update, Korea Threatens to Block Exchanges
India issues update on CBDC plans. Korea threatens to block access to foreign crypto exchanges. Hong Kong’s Animoca Brands launches NFT accelerator. We’ll have more on that story and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
South Korea's Financial Watchdog Warns Foreign Exchanges Must Register in 2 Months
The Korea Financial Intelligence Unit is pushing for exchanges to register in line with new anti-money laundering laws.
Bank of Korea Chooses Ground X as Supplier for CBDC Pilot: Report
South Korea's central bank has picked a blockchain subsidiary of internet giant Kakao.
ICICI Blocks Crypto Transfers, Korea Banks to Report Crypto Crime
India’s ICICI bank blocks international crypto transfers. Korea says banks must report crypto-related money laundering. Fears over plagiarism hit the NFT world. More on these stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
3 Firms Vie to Develop South Korea's CBDC Pilot
BOK will base its evaluation on the technological capacity of each firm.
Korea Crypto Law Applies to Binance, Samsung Next Invests in Nifty’s
The head of Korea’s Financial Services Commission (FSC) says crypto laws apply to Binance. Samsung Next invests in Nifty’s, and in a new series, Forkast News will examine how NFTs could revolutionize the music business. More on these stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Another Large Bank in South Korea to Provide Custody of Crypto Assets
Woori Financial Group is joining forces with bitcoin exchange Coinplug to offer the service.
