What will happen if real estate business adopts the blockchain platform? Brian Hui, chief marketing officer of the i-House, said gone are the days when only the rich and the enterprises monopolize the big-ticket property market. He said the blockchain platform would decentralize the property market and enable all people to invest in big-ticket property projects.
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South Korea has no immediate plan to change the current ban on cryptocurrency, according to a top policymaker at the Prime Minister’s Office.
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Lawmaker Kim Sun-dong of the major opposition Liberal Korea Party Wednesday proposed a bill to legalize the trading of cryptocurrencies.
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Korea’s cryptocurrency exchange Pure-Bit is under police investigation for illegally withdrawing 40,000 Ethereum (equal to 9.8 billion won) from the accounts of investors.
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Korea’s cryptocurrency exchange Bithumb allegedly issued its coin BXA token and began to sell the token to individual investors inside South Korea. The domestic sale violates the Korean rule, which completely bans initial coin offering.
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Blockchain projects are cropping up daily in South Korea, but Korea lacks in the workforce to develop the state-of-art blockchain technologies.
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Cryptocurrency exchanges should shoulder the same responsibility as banks in preventing hacking, money laundering, and narcotics crime.
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The Korea Blockchain Startup Association (KBSA) advised blockchain companies to develop the ‘minimum visible product.’ (MVP) instead of recruiting expensive advisors. This is the fastest way of raising money, it said.
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Victims of cryptocurrency investment have an easy of reporting the crimes to the prosecution.
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Long before Kakao’s blockchain-based platform Klaytn debuts, fraudsters are luring investors into buying counterfeit coins.
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Korea’s cryptocurrency exchange Pure-Bit has illegally withdrawn 40,000 Ethereum (equal to 9.8 billion won) from the accounts of investors this week.
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Hong Nam-ki, chief of the Prime Minister’s Office for policy coordination, has been named as the nation’s top economic minister Friday.
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