South Korea

South Korea to ban credit card purchases of digital assets
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9 January, 2024

South Korea to ban credit card purchases of digital assets

The move is aimed at curbing illegal outflow of investment and money laundering as Koreans purchase digital assets on offshore...
Blockchain vs bedbugs: South Korean engineer uses tech to track infestation
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6 January, 2024

Blockchain vs bedbugs: South Korean engineer uses tech to track infestation

As bedbug infestation reports soared in South Korea, an engineer launched an interactive map based on blockchain for citizens to...
Bank of Korea eyes wholesale CBDC, tokenized deposits with LG CNS
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24 December, 2023

Bank of Korea eyes wholesale CBDC, tokenized deposits with LG CNS

Bank of Korea is collaborating with LG CNS to develop a CBDC system for tokenized deposits, utilizing LG CNS's expertise,...
Do Kwon’s extradition to US quashed by Montenegro court
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21 December, 2023

Do Kwon’s extradition to US quashed by Montenegro court

The U.S. was in the lead in its race with South Korea for Do Kwon’s extradition, but an appellate court...
Bank of Korea governor urges banking regulators to introduce CBDCs
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21 December, 2023

Bank of Korea governor urges banking regulators to introduce CBDCs

Bank of Korea Governor Rhee Chang-yong urges swift CBDC adoption to counter stablecoin risks, accelerating plans with launching 2024 retail...
South Korea’s notice for digital assets excludes NFTs, CBDCs
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16 December, 2023

South Korea’s notice for digital assets excludes NFTs, CBDCs

South Korea's Financial Services Commission mandates digital exchanges to offer interest on deposits from July 2024, excluding NFTs and CBDCs,...
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