English News

Overcrowded, unregulated exchanges become hotbed of fraud

2019년 2월 12일 | English News

South Korea is overcrowded with cryptocurrency exchanges. More than 200 exchanges are operating. Even unlike casinos, many of them are ridden with frauds. They are outside government oversight. These fraud-ridden…

Bithumb to open exchange in UAE

2019년 2월 12일 | English News

Bithumb will open a cryptocurrency exchange in the United Arba Emirates (UAE) through a joint venture. It is to become a government-licensed exchange. Bithumb Monday announced its signing of the…

Chain Partners starts OTC trading services

2019년 2월 11일 | English News

South Korea’s first global blockchain builder Chain Partners Monday began its over-the-counter (OTC) service, which it has been operating on a trial basis since August. It also opened the OTC website. Both local and foreign…

Bank of Korea report cautious about issuing central bank digital currency

2019년 2월 09일 | English News

Unlike many central banks around the world, the Bank of Korea seemed less positive about issuing its digital currency. A report the Bank of Korea commissioned, warned over a possible…

Bithumb opens OTC market for institutional investors

2019년 2월 07일 | English News

The Bithumb exchange will open its over-the-counter (OTC) market for institutional investors. The exchange will open its OTC market platform called Ortus. Institutional investors must submit documents that they honor…

Blockchain platform to issue public documents

2019년 2월 07일 | English News

The Ministry of Interior and Safety (MOIS) announced Thursday that it would use blockchain platform in upgrading the e-government services. It also plans to introduce an artificial intelligence platform in…

Companies cynical over government’s blockchain development plan

2019년 2월 07일 | English News

The South Korean government plans to double investment in pilot blockchain projects to 14.3 billion won this year. The government would also provide tax exemption up to 40 percent of…

BitTorrent file-sharing protocol lists its token on Upbit

2019년 2월 01일 | English News

BitTorrent, a communication protocol for peer-to-peer file sharing, has listed its BitTorrent Token (BTT) on the Upbitt Exchange Friday. The listing came three days after the BitTorrent has completed the…

Opposition Liberty Korea Party to adopt blockchain platform in running the party

2019년 2월 01일 | English News

The main opposition Liberty Korea Party (LKP) Thursday it would use the emerging blockchain technology in running the party. It hopes to regain public trust by utilizing basic tenets of…

Korean currency-linked crypto coins debut in Seoul

2019년 2월 01일 | English News

Korean currency-linked crypto token debuted this week in South Korea. It is the first time that a local currency-based stable coin was issued. Fintech startup BxB Inc announced Thursday the…

Seoul City to upgrade services to citizens through blockchain platform

2019년 2월 01일 | English News

The Seoul Metropolitan Government has invited 100 citizens to get suggestions and ideas for upgrading administrative services to Seoulites. The city would co-develop the blockchain-based administrative service with the invited citizens,…

Lawmaker to initiate bill on blockchain promotion next month

2019년 2월 01일 | English News

Lawmaker Lee Sang-min of the governing Democratic Party will initiate a bill aimed at promoting the blockchain industry promotion next month. The bill would allow startups to raise capital through…

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