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South Korea

South Korea blockchain ID app eyed to ‘pass’ driver verification
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28 June, 2020

South Korea blockchain ID app eyed to ‘pass’ driver verification

Pass enables verification of a user’s driver’s license and is useful in situations where a person has to prove they...
Bithumb tries to go public—again
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25 June, 2020

Bithumb tries to go public—again

South Korea’s Bithumb has reportedly begun the initial public offering process, with the help of Samsung Securities as its underwriter.
South Korea minister confirms digital currency tax plans
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19 June, 2020

South Korea minister confirms digital currency tax plans

Finance Minister Hong Nam-Ki told a parliamentary finance committee the government will introduce a taxation regime for digital currency.
South Korea assembles advisory group to prepare for digital won
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16 June, 2020

South Korea assembles advisory group to prepare for digital won

The panel will decide which laws may need to be amended to guarantee a smooth launch of a South Korean...
Blockchain ID app accesses South Korea city’s public services
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13 June, 2020

Blockchain ID app accesses South Korea city’s public services

Citizens will be able to access government services in Busan city via the app, which is used to verify their...
Blockchain-powered insurance mobile notification coming to South Korea
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11 June, 2020

Blockchain-powered insurance mobile notification coming to South Korea

South Korea’s KT Corp has partnered with a local insurer on a blockchain platform that will power mobile notification services,...
South Korea court freezes digital currency wallets for Nth Room operator
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5 June, 2020

South Korea court freezes digital currency wallets for Nth Room operator

A South Korean court has frozen the digital currency wallets of Nth Room's alleged operator.
Samsung’s embrace of digital currencies grows
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2 June, 2020

Samsung’s embrace of digital currencies grows

The technology giant unveiled its second-generation Secure Element chip S3FV9RR and "enhanced" software for smartphones.
Korea university to build blockchain and AI campus
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30 May, 2020

Korea university to build blockchain and AI campus

A university in South Korea has partnered with an artificial intelligence industry association to build a blockchain and AI campus,...
South Korea wants to tax digital currency income from 2021
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29 May, 2020

South Korea wants to tax digital currency income from 2021

South Korea has proposed levying taxes on digital currency income beginning next year. The country will also tax mining operations...
Bank of Korea eyes CBDC amid improving blockchain tech
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23 May, 2020

Bank of Korea eyes CBDC amid improving blockchain tech

Developments in payment settlements were pushing central banks towards taking a more serious look at digital currencies.
South Korean operator of BTC-linked child porn ring faces US extradition
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22 May, 2020

South Korean operator of BTC-linked child porn ring faces US extradition

Son Jong-woo faced extradition to the United States on charges related to the Welcome to Video site.