Articles of South Korea

South Korea passes special financial bill, cryptocurrency is finally fully legalized

Original: Sharing Finance Neo Source: Shared Finance Cryptocurrencies are finally legal. On March 5th, according to Korean media news, the Plenary Session of the Korean Parliament has passed an amendment to the special financial law, which will be implemented one year later (that is, March 2021). It is understood that the contents of the special […]

Eliminate voting fraud, Seoul, South Korea will launch blockchain voting system on March 1

According to Decrpt reported on February 25, the Seoul government plans to launch the highly anticipated "blockchain voting system" on March 1. The system will allow citizens of Seoul to submit to the government feasibility suggestions or new questions about existing policies. (Image source: pixabay ) The blockchain technology used in the above voting system […]

Bank of Korea strengthens monitoring of anonymous transactions in cryptocurrencies or related to new FATF regulations

According to local media reports in South Korea, South Korea's second-largest financial group, Shinhan Bank, plans to impose stricter regulations on cryptocurrency users' accounts, with the goal of completely abolishing anonymous cryptocurrency transactions in Korea. . According to reports, the bank will take “special measures” and assign specialists to analyze exchange accounts and check transactions. […]

After many times of theft, the Korean exchange Bithumb lost $180 million last year.

Bithumb, the South Korean exchange that was attacked again last month, announced that it lost $180 million in 2018. According to local media reports, the exchange was suffering from the decline in trading volume and the cryptocurrency bear market effect. However, Bithumb said that its operating conditions have improved in recent times: Trading volume has […]