South Korea

On March 17th, the South Korean Cryptographic Exchange Bithumb announced that it would extend the cooperation agreement with the South Korean Agricultural Association Bank for the real name confirmation deposit and withdrawal service for another year. Bithumb explained that the renewal of the real-name account issuance contract with the South Korean Agricultural Association Bank has entered the final stage and plans to sign a formal contract before the contract expires on March 24th. Therefore, Bithumb customers can continue to use the service through their existing accounts. Korea Cryptographic Exchange Bithumb to Renew Agreement with Agricultural Association Bank Real Name Account Cooperation for 1 Year Analysis based on this information:On March 17th, Bithumb, one of the major cryptographic exchanges in South Korea, announced its agreement with the Agricultural Association Bank for the extension of the real-name confirmation deposit and withdrawal service for another year. This service has been highly sought after ever since the South Korean government mandated the use of…

It is reported that Avalanche development company Ava Labs is hiring new employees in Japan and South Korea to accelerate its Asian business. Japan and South Korea have been key regions for Avalanche’s growth. Avalanche development company is recruiting new employees in Japan and South Korea to accelerate its Asian business Analysis based on this information:Ava Labs, the blockchain technology start-up, is accelerating its business development in Asia to accomplish its goals by hiring new employees in Japan and South Korea. The company has already experienced significant growth in these markets, particularly in Japan and South Korea in the last few years. As Japan’s financial market has always been tech-savvy and thriving, it is no wonder that Ava Labs aims to expand its market positioning in the country. Similarly, South Korea is also another nation with advanced technological infrastructure, and the company foresees greater growth prospects in the country. As per the reports, the hiring of new employees will occur…

On March 16th, Lee Sir-goo, CEO of Dunamu, an operator of Upbit, a South Korean cryptocurrency trading platform, called on the government to allow the initial trading platform (IE0) of cryptocurrency trading platforms at the DCON 2023: Creating a Healthy Market Digital Assets Conference in Seoul, saying that the digital asset market needs to be differentiated from the existing market, and (IE0 legislation) has not been discussed in depth so far, Although the government has expressed its intention to do so. He said that even in the fledgling Token securities market, it is necessary to create digital financial innovation by encouraging the active participation of innovative blockchain companies. CEO Dunamu: Calls on the government to allow IE0, and the digital asset market needs to be differentiated from the existing market Analysis based on this information:Lee Sir-goo, CEO of Dunamu, the parent company of Upbit, a well-known cryptocurrency exchange in South Korea, has called on the government to allow the initial…

On March 14, it was reported that the Financial Investigation Department of the Southern District Procuratorate of Seoul, South Korea, had arrested and prosecuted a broker surnamed Gao, who was accused of offering hundreds of millions of won of bribes when requesting Coinone to list tokens. The prosecution found that during the listing process of various virtual assets, including Pica tokens, a large amount of listing fees flowed into Coinone through him, and the prosecution is conducting further investigation. (Yonhap) South Korean prosecutors accused a broker surnamed Gao of bribery in the listing of Coinone Analysis based on this information:On March 14, the Financial Investigation Department of the Southern District Procuratorate of Seoul, South Korea, arrested and prosecuted a broker surnamed Gao for offering hundreds of millions of won in bribes when requesting Coinone to list tokens. This news brings to light the negative implications of corruption in the cryptocurrency market, and the potential risks that brokers and exchanges face…

On March 12, South Korea held a meeting on the Bank of Silicon Valley incident to focus on the side effects of the incident. South Korea said that volatility and uncertainty may increase due to the bank events in Silicon Valley. (See and hear from Wall Street) South Korea held a meeting on the Bank of Silicon Valley incident and paid attention to its impact Analysis based on this information:South Korea has responded to the recent Bank of Silicon Valley incident, where the bank was found to be involved in a fraudulent scheme to launder money. During a meeting held on March 12, South Korea discussed the potential side effects of the incident on the country’s economy and global markets. The South Korean government expressed concerns that the Bank of Silicon Valley incident could lead to increased volatility and uncertainty in the global markets. The incident has already caused alarm and sparked reactions from Wall Street observers. In this situation,…

According to reports, Lee Changyong, governor of the Bank of Korea, said that he was worried about 16% of the South Korean population owning cryptocurrency acc…

On March 6, the government of Busan, South Korea, announced that it would sign a business agreement with Busan Bank this afternoon to promote the pilot project…

On March 3, the South Korean financial authorities decided not to expand the issuing institution of the encrypted asset real-name account required by the encry…

12:00-21:00 Key words: Voyager, Dubai, South Korea, United Kingdom

Overview of important developments in the evening of March 2

Interpretation of …

On March 2, the South Korean blockchain platform Klaytn sent a message introducing the winners of the BUIDL the Future Hacker Klaytn track sponsored by Coinbas…

It is reported that the Financial Services Commission (FSC), the highest financial regulator in South Korea, said on Tuesday that South Korea will expand its e…

According to reports, Binance denied the report that it was considering the establishment of a new cryptocurrency exchange in South Korea with Li Xionglie, hon…

It is reported that the Cryptographic Incident Response Center (CIRC) of Uppsala Security, an expert of the blockchain virtual asset supervision technology (Re…

On February 22, it was reported that the LLifeform Cartoon iOS version was launched on the Apple App Store in South Korea on February 20, and it ranked first o…

On February 21, the Polymesh Association announced that KDAC became its first Polymesh node operator. It is reported that Korea Digital Asset Customer Co. (\”KD…

On February 17, Leon Foong, who is responsible for Binance\’s Asia-Pacific region, was appointed as the chairman of the board of directors of Gopax, a South Kor…

On February 16, the Ministry of Science, Technology, Information and Communication of the Republic of Korea said on the 16th that the government will invest 22…

On February 16, in order to crack down on illegal foreign exchange transactions related to virtual assets (cryptocurrency), the Korean Customs Office decided t…

On February 15, the South Korean prosecutor investigating the Terra/Luna crash arrested Mr. A, the former CEO of the country\’s e-commerce giant TMON, for accep…