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ForkLog 11 09.07.2021

In South Korea, students earn digital currency for visiting the toilet

Ulsan National Institute of Science and Technology uses feces to generate electricity. For each visit to the toilet, students are paid the digital currency Ggool.

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ForkLog 18 07.07.2021

South Korea identifies participants in illegal cryptocurrency transactions worth $1.48 billion

The Korea Customs Service of South Korea identified 33 people in two months who carried out illegal cross-border cryptocurrency-related transactions totaling more than 1.69 trillion won ($1.48 billion). The Korea Times reports.

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ForkLog 10 02.07.2021

Bithumb to ban employees from trading cryptocurrencies on the exchange

South Korean cryptocurrency exchange Bithumb will bar its employees from using accounts on the platform to trade digital assets. The company said this in a statement.

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ForkLog 16 01.07.2021

Seoul to deploy AI to detect potential suicides on bridges

Authorities of the South Korean capital, in partnership with Seoul Institute of Technology, will embed artificial intelligence in the city’s surveillance system to detect and prevent suicide attempts on its bridges.

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ForkLog 10 28.06.2021

Media: Bitcoin exchanges accuse South Korean authorities of shirking duties

South Korean cryptocurrency exchanges may sue the government. Industry representatives say that authorities and financial regulators are shirking their duties, according to Business Korea.

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ForkLog 10 23.06.2021

Upbit bitcoin exchange accused of patent infringement

One of the largest cryptocurrency exchanges in South Korea, Upbit, faces a lawsuit from a university foundation over alleged intellectual property infringement. Forkast.News reports.

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ForkLog 9 23.06.2021

Authorities in South Korea seize $47 million in cryptocurrency over tax evasion

Officials in South Korea's Gyeonggi Province seized assets totaling $47 million in Bitcoin, Ethereum and other cryptocurrencies from 12,000 people who had evaded taxes.

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ForkLog 8 21.06.2021

South Korean banks to assess viability of partnerships with cryptocurrency exchanges

South Korean banks are reevaluating partnerships with local cryptocurrency exchanges to determine whether such cooperation is worthwhile.

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ForkLog 11 16.06.2021

Huobi and Upbit delist several tokens to meet regulatory requirements

Eleven of South Korea's 20 cryptocurrency exchanges with information-security certificates issued warnings or suspended trading of tokens deemed 'too risky' by regulators, according to Arirang.

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ForkLog 6 07.06.2021

South Korea to ban cross-trading on Bitcoin exchanges

South Korea's Financial Services Commission will ban cross-trading on cryptocurrency exchanges. Newsis reports.

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ForkLog 17 04.06.2021

South Korean residents must disclose overseas cryptocurrency exchange accounts

South Korean residents must report assets held on overseas cryptocurrency exchanges as part of tax compliance. Forkast reports, citing the relevant agency.

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ForkLog 10 03.06.2021

South Korean banks report revenue growth amid crypto frenzy

In the first quarter of 2021, South Korean banks processed 64.2 trillion won (~$57.9 billion) in transactions on verified accounts linked to cryptocurrency exchanges, already exceeding the total for 2020.

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#South Korea