South Korea

South Korea creates new digital currency oversight bureau
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1 September, 2021

South Korea creates new digital currency oversight bureau

The new bureau will fall under the anti-money laundering agency and will monitor the industry for any suspicious transactions and...
Upbit becomes first exchange to register with South Korea regulator
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26 August, 2021

Upbit becomes first exchange to register with South Korea regulator

Upbit submitted the business report that exchanges are required to file with South Korea’s FIU, upon completing real-name verification and...
LINE digital currency exchange to pull Korean operations as regulatory deadline approaches
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20 August, 2021

LINE digital currency exchange to pull Korean operations as regulatory deadline approaches

LINE’s Bitfront exchange is reportedly shutting down its Korean language service as of September 14, as well as halting all...
Samsung confirms participation in Bank of Korea CBDC pilot
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12 August, 2021

Samsung confirms participation in Bank of Korea CBDC pilot

The pilot, which began at the end of July, aims to build a platform for supporting a central bank digital...
South Korea to shut down 11 local digital currency exchanges: report
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7 August, 2021

South Korea to shut down 11 local digital currency exchanges: report

The Financial Services Commission reportedly plans on denying 11 local exchanges approval to serve the South Korean market as it...
Here’s how Bank of Korea’s CBDC pilot is taking shape, as explained by blockchain exec
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6 August, 2021

Here’s how Bank of Korea’s CBDC pilot is taking shape, as explained by blockchain exec

The pilot is to take part over two stages, with the initial basic testing phase set to conclude by December...
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