South Korea

Crypto-regulations by the crypto-favoring countries

Belarus The country allows its citizens to purchase, sell, mine the altcoins, trade crypto-assets for Belarusian rubles, forex, and electronic currency, as well as to create their own cryptos. Not only this, the country has removed any tax on holding the crypto till Jan.1, 2023. Now, that’s a very crypto-friendly take indeed! Japan Japan’s regulatory […]

Experts expect Asia to play lead development role across the world

Asia is expected to lead the development of blockchain technology worldwide, with China among the key countries to watch next year, according to experts. Jason Potts, professor of economics and director of the Blockchain Innovation Hub at RMIT University in Melbourne, Australia, said Asian countries, including China, Singapore, South Korea and even Vietnam, are making […]

South Korea Will Research Central Bank Digital Currencies

South Korea is an important region when it comes to cryptocurrencies. It now appears the country’s central bank wants to begin researching central bank digital currencies in the near future. Numerous countries see merit in creating national digital currencies. More Central Bank Digital Currencies are Coming Such projects are often referred to as central bank […]

This Year Proved Asia Is Ahead in Crypto-Blockchain Adoption

This post is part of CoinDesk’s 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Michael Ou is CEO of CoolBitX, a blockchain security company and creator of the first hardware wallet that enables bluetooth-to-smartphone pairings. In 2019, it became clear that Asia was […]

South Korea joins race to issue a digital currency

The country joins the likes of Japan, Russia, Iran and China actively exploring a new type of money. South Korea is setting up a task force to research the possibility of launching a state-backed digital currency, reports the Korea Times. The country joins the likes of Japan, Russia, Iran, China, and others actively taking steps […]

Busan, South Korea’s biggest telecom company, to launch a digital currency in Busan

As per a report, the currency can be used at any store in Busan with a credit card terminal. Citizens will also be able to transact the assets from Hana and Busan Bank. South Korea’s biggest telecom company, KT, recently announced the launch of its own blockchain-based currency. It will reportedly go live on December […]

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