Author Archives: 종원 정

Bank of Korea Launches Blockchain Bond Research

Bank of Korea

According to the Bank of Korea and the financial market on the 18th, KHNP is selecting a provider at the end of last year and developing a blockchain bond system. The difference with current bond transactions is that the records maintained by the Korea Securities Depository are transformed into a distributed ledger format where multiple nodes share information at the […]

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Coronovirus Starts to Inflict Ill Effects in the Crypto World

Coronavirus

The coronavirus flare-up in Asia is beginning to swell through the crypto world in some unexpected manners – the dropping of gatherings and even the shuttering of offices that process exchanges.  From the casual MeetUps held during the underlying long stretches of Bitcoin to the events at the peak of the crypto bubble, get-togethers have been a key for charming […]

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Monetary Authority of Singapore Announces New Payment Services Act

MAS New Payments Services Act

The Monetary Authority of Singapore (MAS) has reported the initiation of the city-state’s new Payment Services Act. The law commands the usage of an authorizing system that applies to installment suppliers, trades and different stages managing digital forms of money. Their administrators are obliged to meet anti-illegal tax avoidance and counter-terrorist financing guidelines. Singapore’s Payment Services Act produced results on […]

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South Korean Government Commission Wants to List Bitcoin in Korea Exchange

South Korean Government

South Korea is thinking about legislation to carry cryptographic forms of money into the standard and reflecting on whether to impose crypto resources. A South Korean government commission has exhorted the legislature to list bitcoin on Korea Exchange and green-light money-related organizations to dispatch crypto items, including Bitcoin derivatives. When Bitcoin was made in 2009, the possibility of a cryptographic […]

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What Is the State of Bank and Crypto Relationship in Asia?

Bank Crypto Relationship

Bitcoin caught worldwide interest when its worth soared in 2017. However, financial foundations have been delayed to enhance the crypto market. It was the fall of Mt Gox in Japan and the Chinese national bank’s crackdown on bitcoin trades, occasions that both occurred in 2014, that brought about early boundaries among monetary foundations in those countries.  In any case, the […]

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Japan Financial Services Agency Approves 21 Crypto Exchanges

Japan FSA

Japan’s Financial Services Agency (FSA) endorsed the main remaining deemed digital currency trade a week ago. Lastroots has become the 21st FSA-affirmed crypto trade administrator in the nation. Regarded digital currency trades were those in business preceding April 2017 when Japan’s corrected Fund Settlement Law and the altered Payment Services Act became effective. The new law sanctions digital money as […]

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South Korean Man Who Ran Child Exploitation Site Busted Using BTC Transactions

Jong Woo Son

For right around three years, “Welcome To Video” was a secret nook for individuals who exchanged clasps of youngsters being explicitly attacked. There, on the darknet’s biggest known site of child exploitation recordings, many clients from around the globe got materials that show the sexual maltreatment of children as young as a half-year old. At that point everything started to […]

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North Korea Is Currently Developing Its Own Cryptocurrency

North Korea Cryptocurrency

North Korea is building up its own national computerized cash. The pattern pursues a significant rundown of different nations, prevalently in Asia and the Middle East like Iran and China and is likely an endeavor to obstruct present U.S. sanctions. From one viewpoint, any national endeavor including advanced resources is probably going to push the business forward, and yet, what […]

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Cryptocurrency Exchange OKEx Korea Delists Privacy Coins

Okex Korea

The exchange support for the five coins will end on Oct. 10, while withdrawal administrations will stop on Dec. 10, OKEx Korea declared Monday. The trade said the choice has been taken as these coins “damage” the Financial Action Task Force (FATF’s) “travel rule.” In June, the FATF, the worldwide illegal tax avoidance guard dog, issued its last crypto rules, […]

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