Tagged: south korea

June 7, 2018 @ 9:07 am By Samantha Hurst  |  

Cross-border payment platform Currencycloud announced on Thursday it has launched remittance service in South Korea. This news comes nearly one year after forming a partnership with South Korean credit card company, Hyundai Card. According to the company, this news builds on its momentum in Asia-Pacific, with… Read More

May 28, 2018 @ 8:38 am By Cali Haan  |  

South Korea’s largest cryptocurrency exchange and the fifth largest exchange in the world has announced it will cut off new and existing users trading from 11 countries identified by the Financial Action Task Force (FATF) as lax on money laundering and terrorist financing. Effective May… Read More

April 25, 2018 @ 8:50 am By Cali Haan  |  

Reporter Jang Hyeong-tae at Chosen Ilbo shared yesterday that a number of politicians running in Korean regional elections are promising to incorporate blockchain into governance if elected. At least twelve have proposed new cryptocurrencies, said Jang. Korean regional elections are set for June 13th. The Mayor… Read More

April 19, 2018 @ 11:08 pm By JD Alois  |  

Bithumb recently had its audit report published in the Korean Financial Supervisory Services disclosure system and the information provided is enlightening. Bithumb was said to be holding just shy of $6 billion in crypto at the end of 2017. Sure, prices have fluctuated since that… Read More

April 8, 2018 @ 12:00 pm By Cali Haan  |  

Musicians are increasingly looking to crypto to secure and boost bottom lines. Korean paper The Chosun Ilbo reported in February that Korean girl band T-ara are working with Australian firm ENTCash to produce a cryptocurrency or token that fans will be able to trade for… Read More

April 8, 2018 @ 10:00 am By Cali Haan  |  

In addition to calling Craig Wright a fraud, Vitalik Buterin addressed serious matters in Ethereum scaling at the Deconomy Summit in Seoul, Korea April 4th.   Vitalik Buterin calls Craig Wright (fake Satoshi Nakamoto) a fraud, while standing in front of him. #Ethereum #Bitcoin pic.twitter.com/lWd2cqLXfj… Read More

March 28, 2018 @ 10:04 am By Erin Hobey  |  

CoinDesk, Inc, a digital media, events and information services company for the crypto and blockchain community, has partnered with South Korean daily newspaper The Hankyoreh to help launch the new CoinDesk Korea. With the new partnership, The Hankyoreh will translate and distribute CoinDesk’s daily news in Korean,… Read More

March 20, 2018 @ 9:20 am By JD Alois  |  

South Korean Financial Services Commission Chairman Choi Jong-ku is pursuing a new policy to advance Fintech innovation. Korea has taken some heat for its excessively restrictive approach to financial services that undermines competition and innovation in financial services. In an announcement this week, Jong-ku introduced… Read More

March 12, 2018 @ 9:00 pm By JD Alois  |  

LATTICE80, a Fintech Hub that has recently migrated its headquarters from Singapore to London, has announced its intent to launch Altcoin Futures. LATTICE80 expects to reveal details during Money20/20 taking place in Singapore this month. LATTICE80 is co-founded by Joe Seunghyun Cho, and is backed… Read More

March 8, 2018 @ 10:12 am By Samantha Hurst  |  

Sentbe, a digital money transfer operator in South Korea, announced this week it has teamed up with TransferTo, a global cross-border mobile payments network for emerging markets to offer its customers greater flexibility and reach to perform real-time money transfers from South Korea to more than 60 countries across… Read More

March 1, 2018 @ 8:27 am By JD Alois  |  

Marvelstone Group backed Global FinTech Hub LATTICE80 has opened a Research and Development (R&D) operation in South Korea, according to a note from the company. Joe Seunghyun Cho, Founding CEO of LATTICE80 and Chairman of Marvelstone Group, said that South Korea has become one of… Read More

February 22, 2018 @ 9:52 am By JD Alois  |  

Singapore based Fintech Hub LATTICE80 has enlisted Sang Min Kim to the company’s Board of Advisors. Kim was previously a Senator in South Korea and interestingly a committee member of the National Policy Committee overseeing regulatory bodies. Kim was the youngest senator in the ruling party,… Read More

January 16, 2018 @ 11:32 pm By JD Alois  |  

South Korea has veered off track in allowing digital currencies to grow and evolve. Frightened by the rapid rise in Bitcoin trading and speculation, public officials have been raiding exchanges, banning anonymous accounts, and threatening to ban cryptocurrencies altogether. As the South Korean government moved… Read More

January 14, 2018 @ 10:00 am By JD Alois  |  

A few days ago we reported that South Korean government authorities had initiated a ban on all anonymous transactions in cryptocurrencies. Today, according to a report in Yonhap, officials will fine anyone who had not migrated a virtual account to a real name account. Account… Read More

January 10, 2018 @ 11:48 pm By JD Alois  |  

South Korea has been back and forth on the future of cryptocurrency and its exchanges for some time now. Today, apparently things have taken a turn for the worse as reports indicate that South Korea will ban all cryptocurrencies and prominent exchanges have been raided… Read More

January 3, 2018 @ 9:20 am By JD Alois  |  

A report by Yonhap News says the South Korean government will ban all anonymous transactions in cryptocurrencies as soon as January 20th.  According to the article, only real name bank accounts will be allowed for deposits and transactions on exchanges. Simultaneously, new virtual cryptocurrency accounts… Read More

December 16, 2017 @ 11:25 am By JD Alois  |  

South Korea has decided not to ban cryptocurrencies after all, instead the Korean government has decided to caution consumers on purchasing or trading in cryptocurrencies while regulators attempt to better manage the emerging market.  Previously, it was expected that Korean government officials were going to… Read More

December 10, 2017 @ 11:23 am By JD Alois  |  

This past week saw a bit of reversal in South Korea’s stance on Initial Coin Offerings (ICO). In September, it was reported that Korea had decided to totally ban ICOs following a similar approach by China. But during a presentation at the National Assembly by… Read More

December 4, 2017 @ 10:08 pm By JD Alois  |  

In 2015 Viva Republica launched Toss, a peer to peer money transfer App that has become one of the world’s fastest growing financial Apps have now transacted more than USD$ 10 billion with a current run rate of $12 billion per year with $1 billion per… Read More

November 27, 2017 @ 9:09 am By Samantha Hurst  |  

Digital money transfer service WorldRemit announced on Sunday it has expanded its remittance service to South Korea. WorldRemit stated that its mobile-first, digital model allows hard-working migrants to send money to South Korea in a few taps, directly from their phones or through the WorldRemit website without the need to visit… Read More