SEOUL, Oct. 7 (Korea Bizwire) — The Bank of Korea (BOK) said Wednesday it plans to test-run issuing and circulating a central bank-issued digital currency (CBDC) next year, as the bank will launch a pilot program to study the potential introduction of a new cryptocurrency. In March this year, the BOK began reviewing legal and [...]
SEOUL, June 15 (Korea Bizwire) — The Bank of Korea (BOK) on Monday launched a legal advisory group for central bank-issued digital currency (CBDC) to help review legal issues related to its possible issuance of such a currency in the future. The six-member panel consists of law professors and legal practitioners, including lawyers, who will [...]
SEOUL, April 6 (Korea Bizwire) — The Bank of Korea (BOK) said Monday that it has launched a pilot program for a central bank-issued digital currency (CBDC) to check its capabilities in issuing such a currency. The test program was launched last month and will be concluded before the end of next year. The test [...]
SEOUL, Jul. 21 (Korea Bizwire) — The financial damage caused by cryptocurrency-related crimes reached nearly 2.7 trillion (US$2.3 billion) over the past two years, government data showed Sunday. The financial loss of scams and fraud involving cryptocurrencies came to 2.69 trillion won between July 2017 and June 2019, according to the data from the justice [...]
LAS VEGAS, Feb. 5 (Korea Bizwire) — via CryptoCurrencyWire – A new force in the blockchain and digital currency event sector has been unveiled today with the launch of EVOLV, a production company dedicated to delivering the world’s most immersive and experiential gatherings. The company debuts with a year-round roster of industry events, including HODL Rally [...]
HONG KONG, CHINA, Oct. 3 (Korea Bizwire) – By controlling oil and military during the first and the second world wars, Goldman Sachs Group, Morgan Foundation and Citibank rise rapidly. With the rapid accumulation of wealth they move to the financial sector, and firmly hold the financial markets such as stocks, securities, funds and trust [...]
HONG KONG, CHINA, Sept. 28 (Korea Bizwire) — Even in the bear market in 2018, the value of digital currency market still reaches hundreds of billions of dollars, with its transaction volume surpassing that of gold. However, liquidity is an important factor hindering its further development. Vast amount of digital currency asset that is deposited [...]
LONDON, Apr. 25 (Korea Bizwire) – DasCoin, the Currency of Trust and the store of value within DasEcosystem, has completed a well structured two-year journey of preparation and strategic activity to develop its business platform. The company is delighted to announce it is now ready to launch onto public exchanges in conjunction with a landmark [...]
SEOUL, Mar. 27 (Korea Bizwire) – South Koreans who are in their 20s and 30s are familiar with cryptocurrencies and willing to invest in them amid the recent craze for the new type of digital money, a survey showed Tuesday. Some 21.6 percent of 2,511 respondents said they are conscious of cryptocurrencies, with the number soaring to [...]
SEOUL, Feb. 12 (Korea Bizwire) — Bitcoin made up 32.7 percent of all cryptocurrency trading in South Korea in December, the lowest ratio among global exchanges, a local think tank said Sunday. In a report released Sunday on the Korean cryptocurrency trade and its characteristics, the Korea Insurance Research Institute (KIRI) said the ratio of [...]