Bank of Korea to launch final stage of CBDC testing in 2021
South Korea's central bank will begin the final stage of testing its own digital currency (CBDC) next year, according to The Korea Herald, citing the regulator.
Bank of Korea to launch final stage of CBDC testing in 2021
South Korea's central bank will begin the final stage of testing its own digital currency (CBDC) next year, according to The Korea Herald, citing the regulator.
Media: Bithumb Bitcoin exchange put up for sale again
South Korean cryptocurrency exchange Bithumb is again seeking a buyer. The deal is being led by Samjong KPMG, Herald Corporation reports, citing sources.
Police summon Bithumb chief over fraud charges
Seoul Metropolitan Police Agency summoned Bithumb chairman Lee Jung-hoon for questioning. According to Yonhap, he is under investigation in a fraud case.
Bank of Korea to enter the technical phase of CBDC testing
The Bank of Korea will identify a potential partner to help create the systemic architecture of the central bank digital currency (CBDC). This followed the design and specification of requirements for the CBDC developer, according to The Korea Times.
Leaders of Komid exchange fail to overturn prison terms for falsifying trading volumes
South Korean court rejected the appeals of the CEO and the executive director of the cryptocurrency exchange Komid, who were accused of falsifying trading volumes on the platform. Cointelegraph, citing local media, reports.
Raids at offices of major South Korean Bitcoin exchange
One of South Korea's leading cryptocurrency exchanges, Coinbit, is suspected of inflating trading volumes by 99%. Through a fraudulent scheme, the company could have earned more than 100 billion won ($85 million), according to the local publication Seoul News.
South Korea’s state-owned bank to launch cryptocurrency custody service
One of the largest banks in South Korea, KB Kookmin Bank, plans to launch a custody service for storing and managing digital assets.
Korea Imposes 20% Tax on Capital Gains From Crypto Transactions
South Korea’s Ministry of Economy and Finance has established a 20% income tax on cryptocurrency transactions. The new regulations have been included in the revised tax code.
Binance Accused of Stealing $1 Million Worth of Assets: Company Denies Everything but Class Action Underway
In November 2018, Binance cryptocurrency exchange blocked an account containing almost $1 million worth of funds. Its owner accuses the site employees of embezzlement. This was initially reported to Forklog by the representatives of HackControl.
Crypto Is Now Legal In India and South Korea. What Does It Mean?
On March 4th, the Supreme Court of India ruled against the Reserve Bank of India’s decision to ban the country’s banks from dealing with digital currencies. The next day, on March 5th, the South Korean authorities have effectively legalized cryptocurrencies.
Bithumb Crypto Exchange to Expand International Activities After Raising $200 Million Funding
Bithumb, one of the biggest Bitcoin exchanges in [simple_tooltip content=’a great Asian country’] South Korea[/simple_tooltip], has secured a whopping $200 million in a Series A funding round from the Japan-based ST Blockchain Fund.We use cookies to improve the quality of our service.
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