News South Korea Cryptocurrencies: Govt bars use of cryptocurrencies as method of payment
The government will bar the use of cryptocurrencies as a means of payment for goods and services, saying the wider use of digital assets threatens the nation’s financial system and economy.
News South Korea Cryptocurrencies: South Korea Embraces Cryptocurrency While Testing its own CBDC
South Korea is known for its technological advances in various fields. With the introduction of cryptocurrencies, the country has begun to actively explore the potential of this industry.
News South Korea Cryptocurrencies: South Korean banks seek green light on crypto
The Korea Federation of Banks (KFB) may request South Korea’s incoming presidential administration to approve local banks servicing cryptocurrencies, according to a leaked draft report. See related article: South Korea’s largest financial group mulls crypto ETFs Fast facts KFB, the largest body representing domestic lenders, wrote in its report that banks should be permitted to […]
News South Korea Cryptocurrencies: S. Korea expects to see Friday's caseload surpass 4,000; new social distancing guidelines to ...
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News South Korea Cryptocurrencies: North Korea made away with a record $400M of crypto in 2021: Report
With adoption growth, 2021 was the most successful year for crypto hackers in North Koreas as they stole $400M in cryptocurrencies.
News South Korea Cryptocurrencies: South Korea presidential candidates cater to crypto voters
The Democratic Party of Korea’s Lee Jae-myung and main opposition Yoon Suk-yeol of the People Power Party view the support of crypto voters as critical in the country’s presidential race.
