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southkorea

South Korea To Stop Crypto Crimes Using Special Task Force

South Korea To Stop Crypto Crimes Using Special Task Force
Members Public

The Crimes related to Cryptocurrency has been increasing in several counties. Now South Korea has come up with a plan to set up a Special Task Force to fight Crypto Related Crimes. According to kbs news, Supreme Prosecutors Office (SPO) in South Korea has proposed to launch the Special Task

Jake Hill
Jake Hill
crypto
Korean Crypto Exchanges Combat Fraud And Money Laundering

Korean Crypto Exchanges Combat Fraud And Money Laundering
Members Public

Upbit, Bithumb, Korbit and Coinone the 4 largest cryptocurrency exchanges in South Korea join together to combat money laundering using crypto. According to fxstreet, The crypto exchanges have launched a hotline through which the customers can share information if they find any suspicious transactions with cryptocurrency. Every day there are

Jake Hill
Jake Hill
crypto
South Korea Crypto Exchange Caught Faking Trade Volumes

South Korea Crypto Exchange Caught Faking Trade Volumes
Members Public

South Korean Cryptocurrency Exchange Komid has been caught Faking trade volumes. The firms executives have been sentenced for 3 years of jail time. According to Coindeskkorea, Komid crypto exchange had been using fake accounts since January 2018. These fake accounts are trading with each other by using trading bots and

Rohnak
Rohnak
crypto
KEPCO - Korea's Power supplier to implement Blockchain based Micro Grid

KEPCO - Korea's Power supplier to implement Blockchain based Micro Grid
Members Public

Korea’s major energy sector company KEPCO to launch Blockchain based environment-friendly Micro Grid. As published on the official press release, the company is reportedly working on ‘KEPCO Open MG Project’. Along with blockchain company intends to harness other innovative technologies for the purported  “Open MG&

Pooja
Pooja
Blockchain
Crypto Exchange Bitstamp Acquired by South Korean Firm

Crypto Exchange Bitstamp Acquired by South Korean Firm
Members Public

Bitstamp, one of the largest cryptocurrency exchanges in Europe has been acquired by Belgium-based financial business NXMH, which is a subsidiary of South Korean NXC Corporation. According to Reuters, the exchange was founded in 2011 by Nejc Kodric and Merlak. Kodic is the current CEO of the company. Coming from

Rohnak
Rohnak
Bitstamp
ICON signs Blockchain deal with South Korea's insurer SK

ICON signs Blockchain deal with South Korea's insurer SK
Members Public

The MoU signed by ICON (ICX) and SK Group has apparently planned to co-develop the blockchain business models in financial industries. These blockchain products are intended to manage the authentication services, insurance claiming services and hence enhance the overall financial services. ICONLOOP, is a private blockchain organization in South Korea

Pooja
Pooja
Banking
South Korea Uses Samsung's Blockchain for Customs Service

South Korea Uses Samsung's Blockchain for Customs Service
Members Public

South Korea Customs Service (KCS) is planning to use Samsung’s blockchain technology in order to reduce fraud and keep the custom’s system decentralized. According to Samsung SDS, CEO Won-Pyo Hong stated that the company will develop a blockchain platform (Nexledger) for export customs logistics service. This

Jake Hill
Jake Hill
Blockchain
South Korean Crypto Exchange UPbit Makes Profit of $ 100 million

South Korean Crypto Exchange UPbit Makes Profit of $ 100 million
Members Public

UPbit is the biggest cryptocurrency exchange in South Korea. Recently, in the third quarter of 2018, it was able to generate a profit of $ 100 million. This is a significant amount considering the fact that the cryptocurrency market is in a downturn. Due to this very reason, many of the

Jake Hill
Jake Hill
crypto