English News

Korea reaffirms ICO ban but will foster blockchain

2019년 2월 01일 | English News

South Korea’s financial regulator announced Wednesday that it would keep its current ban on initial coin offering (ICO). The Financial Supervisory Service (FSS) cautioned investors against buying ICOs, which still…

Bithumb, Upbit get average BB in global rating

2019년 2월 01일 | English News

Bithumb and Upbit received the BB rating, two notches below the global highest rankers Binance, CoinBase Pro and Huobi Global. Bithumb and Upbit ranked highest among the Korean cryptocurrency exchanges….

Korean CEOs cite blockchain association

2019년 1월 31일 | English News

The Korea Blockchain Industry Promotion Association (KBIPC) was named as the winner of the 2019 Blockchain MARVELS Award, according to the Korea CEO Summit Wednesday. The association said it would…

Crypto regulatory sandbox to spur blockchain developers, fintech players

2019년 1월 31일 | English News

Cryptocurrency exchanges and blockchain developers could turn their crypto innovations into commercial use as the government would review them under the regulatory sandbox. The optimism is emerging after President Moon…

Jeju gets endorsement for blockchain hub project

2019년 1월 30일 | English News

The central government has included Jeju’s project of developing the island as the blockchain hub in the five-year national projects for balanced regional development. This would pave the way for…

Seoul names two districts as ‘smart zones’

2019년 1월 30일 | English News, 마켓

Seoul has named two districts—Sungdong and Yangcheon—as the smart zones for utilizing high technologies such as the Internet of Things (IoT) in daily lives. In the Sungdong-district, LED traffic signals…

4 exchanges open hotline against money launderers

2019년 1월 29일 | English News, 거래소

South Korea’s four major cryptocurrency exchanges—Bithumb, Upbit, Korbit, and CoinOne—have allied against money laundering. In a joint press release, they said the four exchanges had established a hotline among officers…

Gangwon Province hopes to issue cryptocurrency for tourists

2019년 1월 29일 | English News, 보도자료

The Gangwon Province will issue a blockchain-based cryptocurrency for tourists visiting the region. However, it may take time because the central government is negative on the cyber currency. Governor Choi…

Few expect financial regulator to end ban on ICO

2019년 1월 28일 | English News, 마켓

South Korea’s financial regulator would soon unveil its survey result of the blockchain developers, but few believe the Financial Supervisory Commission (FSC) would change its current ban on initial coin…

OKEx to provide one-stop solution for opening exchange

2019년 1월 26일 | English News, 보도자료

The OKEx cryptocurrency exchange will provide a one-stop solution for establishing a cryptocurrency exchange. In an announcement this week, the exchange said its partners could open an exchange in a…

WATCHA lists token on Upbit exchange

2019년 1월 25일 | English News, 거래소

WATCHA is a South Korean movie streaming provider like Netflix. It claims to have 4.5 million subscribers, nearly 10 percent of the South Korean population. It is experimenting with its…

Poor Bitcoin management pinches blockchain startups

2019년 1월 25일 | English News, 마켓

Many of South Korea’s blockchain startups are facing financial pinch because they failed to manage funds. Many of them mobilized cryptocurrencies including Bitcoins and Ethereums through initial coin offerings (ICOs)…