Tagged: south korea

January 20, 2023 @ 6:38 pm By Omar Faridi  |  

Doge Sound Club, which claims to be the first South Korean NFT project, and Uppsala Security, a company specializing in blockchain and virtual asset regulation technology (Reg-tech), announced the signing of a partnership on the 10th of January “with the goal of improving Web3 security.”… Read More

January 15, 2023 @ 8:25 pm By Omar Faridi  |  

SentBe, Korea’s fintech company, announced the official launch of its international money transfer service in the U.S., “a significant move in the company’s global expansion.” Customers, including migrant workers in the U.S., can now “send U.S. dollars to more than 50 countries with greater ease… Read More

January 2, 2023 @ 8:30 pm By Omar Faridi  |  

The team at FSN is pleased to announce a channel partnership with Chainlink Labs in order “to accelerate the widespread adoption of NFTs and the NFT ecosystem in South Korea.” The channel partnership between Chainlink Labs and FSN will “help boost the adoption of the… Read More

October 27, 2022 @ 9:59 pm By Omar Faridi  |  

Gate.io, which claims to be one of the world’s largest and oldest cryptocurrency exchanges, announced the signing of the Memorandum of Understanding (MoU) with the South Korean city of Busan. The agreement “entails the cooperation between Gate.io and the Busan Metropolitan City government to develop… Read More

September 18, 2022 @ 2:29 pm By Omar Faridi  |  

LINE NEXT Inc., LINE’s venture dedicated to developing and expanding the NFT ecosystem, announced that it has “opened the beta version of the global NFT platform DOSI, available in 9 languages and in 180 countries.” Named after the Korean word for “city”, DOSI is an… Read More

September 15, 2022 @ 11:51 am By JD Alois  |  

As was reported this week, Do Kwon – the creator of TerraUSD and LUNA, has been subjected to a warrant for his arrest in South Korea. TerraUSD sought to be an algorithmic stablecoin tied to the US dollar but lost its dollar peg generating an… Read More

September 14, 2022 @ 3:49 pm By JD Alois  |  

Do Kwon, creator of the failed algorithmic stablecoin TerraUSD and LUNA, is the target of an arrest warrant in South Korea, according to a report. South Korean publication Chosun writes, that Kwon is being pursued by the Seoul Southern District Prosecutor’s Office’s Financial and Securities… Read More

August 22, 2022 @ 4:08 pm By JD Alois  |  

The Financial Services Commission of Korea has issued a warning to 16 unregistered “Virtual Asset Service Providers” or VASPs – the term utilized by the FATF for crypto exchanges. According to a statement by the Commission, the Korea Financial Intelligence Unit (KoFIU) has notified 16… Read More

July 27, 2022 @ 10:47 pm By Omar Faridi  |  

Financial technology firm FIS (NYSE: FIS) is continuing to broaden its global merchant services footprint, announcing that its Worldpay from FIS merchant solutions are available in the fast0growing South Korean markets. Worldpay from FIS has teamed up with Seoul’s TossPayments, which is a South Korea… Read More

July 10, 2022 @ 11:47 pm By Omar Faridi  |  

Delio (CEO James Jung), which claims to be a leader in digital asset finance in South Korea, has launched a Crypto Bank service and expanded its business into offering virtual banking services. Since its founding in 2018, Delio claims it has been “leading the Korean… Read More

June 13, 2022 @ 10:54 pm By Omar Faridi  |  

ComfortDelGro Taxi and Alipay+ recently announced a partnership that enables mobile payments from Malaysia and South Korea, “namely the Touch ‘n Go eWallet and Kakao Pay, to be accepted as cashless payment options in all its Comfort and CityCab taxis.” Users of these mobile wallets… Read More

May 4, 2022 @ 10:53 am By JD Alois  |  

Meshwap, decentralized exchange (DEX), has launched on Polygon reporting one million-plus users accessing its DeFi ecosystem. Polygon is a platform for Ethereum scaling and infrastructure development claiming 7000+ applications hosted, over 3.4 billion total transactions processed, and about 135M+ unique user addresses. Meshswap is an… Read More

March 28, 2022 @ 3:34 pm By Omar Faridi  |  

Uppsala Security, a provider of security tools and services for Crypto AML/CTF, Transaction Risk Management, Regulatory Compliance, Transaction Tracking, and Cyber Security, has announced the signing of a business agreement with CAMO LABEL, an NFT studio, “focused on strengthening the security of digital assets (including… Read More

February 15, 2022 @ 11:15 pm By JD Alois  |  

In 2021 the Korean government cracked down on digital asset exchanges requiring the crypto trading platforms to receive regulatory approval to operate. While some were approved before a strict deadline the bulk struggled to meet the requirements. One of these was GOPAX. Today, according to… Read More

January 11, 2022 @ 2:41 pm By Omar Faridi  |  

Uppsala Security has announced the launch of TOMS 2.0, which is an updated version of the already deployed Threat Reputation Database On-premise Management System (introduced at the end of March 2021). As mentioned in a release, the product was initially created to “address an increased… Read More

January 2, 2022 @ 10:16 pm By Omar Faridi  |  

Uppsala Security, a provider of security tools and services for Crypto AML/CTF, Transaction Risk Management, Regulatory Compliance, Transaction Tracking, and Cyber Security announced the expansion of their business in the NFT Custody area, a service that was “not available until now in South Korea.” As… Read More

December 24, 2021 @ 8:41 am By Omar Faridi  |  

Investment platform nr2, which gives firms and investors AI-enhanced insights into South Korea and China’s high-potential startups, has acquired capital for its ongoing expansion. nr2 has reportedly obtained funding from new investors including Lord Rothschild and Sir Simon Robey. The international investment platform will use… Read More

December 6, 2021 @ 9:36 pm By Omar Faridi  |  

PeopleFund (CEO Joey Kim), South Korea’s online lending platform focused on consumer loans, announced recently the completion of a KRW75.9 billion (appr. $6.45 million) Series C round of funding raising from international financial institutions – which includes Bain Capital, Lending Ark Asia Secured Private Debt… Read More

November 30, 2021 @ 6:48 pm By Tony Zerucha  |  

South Korea’s Shinhan Bank today announced it has completed the development of a proof-of-concept, with a global megabank outside of Korea, to improve the remittance process through the use of stablecoins. It is built on the Hedera network, leveraging stablecoins and focused on international remittances…. Read More

October 2, 2021 @ 9:24 am By Omar Faridi  |  

Cosmostation has been chosen by Kava Labs as the very first ecosystem partner to receive a certain portion of the $185 million Kava Ignition Fund. As mentioned in an update from Kava Labs, an open-source developer of financial services for decentralized finance (DeFi), the funds… Read More