South Korea passes bill aimed at protecting consumers a year after Terra’s collapse
The latest bill comes with severe consequences for breachers but pundits claimed that the regulation is stuck in the perspective of traditional finance rules.
The latest bill comes with severe consequences for breachers but pundits claimed that the regulation is stuck in the perspective of traditional finance rules.
The South Korean telecommunication firm, KT Corporation, is invested in the intersection of AI and robotics as well as in customer care, education, and healthcare industries.
The alliance headed by NongHyup Bank plans to launch a platform for issuing token securities in the coming months, as part of their bid to create a thriving ecosystem.
OpenAI is turning to South Korea for semiconductors and memory chips in a bid to boost its AI production, with the plan being seen as a win-win situation for both parties.
South Korean prosecutor Dan Sunghan thinks that sending Do Kwon to South Korea is the most rational decision to recover damages and bring justice to thousands of victims of the TerraUSD de-pegging.
The new regulation will include digital currencies in the list of private interests that public officials in South Korea must make public in addition to cash, bonds, and stocks.
By including digital currencies as part of the reporting requirements, South Korean lawmakers hope to reduce the illegal acquisition of wealth among public officials.
Bank of Korea argues it has the right to access data of VASPs due to the risks tied to offering digital asset services, a move opposed by the Financial Services Commission, as digital assets aren't widely used as payments.
The partnership between Samsung and the Bank of Korea entails experimenting with offline payment functionality for CBDC, including studying the possibility of using NFC without an internet connection.
LG is taking smart TV to the next level with its recent patent application that would allow users to access an NFT marketplace using the television and make purchases using digital wallets.
Daniel Shin assembles over 30 lawyers as he prepares to stand trial on May 26, attempting to quash charges linked to the Terra collapse that were brought against him by the South Korean court.
The $176 million assets linked to Do Kwon that were seized by South Korean authorities include a posh office complex, a car fleet, and a Galleria Foret apartment in the capital Seoul.