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South Korea To Stop Crypto Crimes Using Special Task Force
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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
Korean Crypto Exchanges Combat Fraud And Money Laundering
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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
South Korea Crypto Exchange Caught Faking Trade Volumes
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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
KEPCO - Korea's Power supplier to implement Blockchain based Micro Grid
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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&
Crypto Exchange Bitstamp Acquired by South Korean Firm
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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
ICON signs Blockchain deal with South Korea's insurer SK
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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
South Korea Uses Samsung's Blockchain for Customs Service
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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
South Korean Crypto Exchange UPbit Makes Profit of $ 100 million
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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
