Korea’s SK Telecom to Build Blockchain for Identity and Asset Exchange SK Telecom has announced plans to launch a blockchain-based platform aimed to simplify payment and subscription processes. … Read More
Bitcoin Pyramid Scheme Allegedly Hoaxed $20 Million In South Korea Two suspects from South Korea have allegedly used a pyramid scheme that involves bitcoin to swindle $20 billion from investors in the country.… Read More
South Korea to Toughen Inspection on Crypto Mining Chips Import Cryptocurrency miners in South Korea may find it to be more difficult in getting foreign-made mining chips imported to the country.… Read More
Self-Regulatory Group Hopes to Bring ‘Order’ to Korea’s Crypto Exchanges A South Korean blockchain industry organization has proposed a self-regulatory framework to set standards for the cryptocurrency exchange industry.… Read More
Korea to Inspect 3 Banks Over Crypto Exchange AML Compliance Three South Korean banks are to be inspected over their compliance with new anti-money laundering rules for cryptocurrency exchange accounts.… Read More
Korean Police Detain 4 Crypto Exchange Execs Over Alleged Embezzlement South Korean police on Thursday detained four executives from two cryptocurrency exchanges over alleged embezzlement.… Read More
R3 Researcher: Central Bank Blockchain Could Go Live In 2018 South Korea’s first major blockchain conference saw discussion of the possibility of a central bank cryptocurrency Wednesday.… Read More
Korea’s Crypto Exchanges Pledge Market Cleanup While the crypto market has seen a major correction recently, Korean exchanges show future optimism and double down on self-regulation efforts.… Read More
Korean Police Bust Bitcoin Miners Illegally Using Cheap Factory Power Companies using cheap electricity to mine cryptocurrencies at industrial complexes in South Korea have reportedly been arrested by police.… Read More
Report: Korean Insurer Denies Claim from Bankrupt Crypto Exchange A South Korean cryptocurrency exchange has reportedly had its insurance claim denied months after it closed following a debilitating hack.… Read More