Thursday, February 21, 2019
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State-Issued Digital Currencies Can Squeeze Banks, Says South Korea Central Bank

South Korea’s central bank issued a warning over central bank digital currencies (CBDCs) a week after saying it would not introduce one itself. The development was reported in local news outlet Yonhap News Agency, Feb. 7.CBDCs, which are also known variously as state-backed or government-backed digital currencies, involve a blockchain-based

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South Korea Government Approves Seven out of 21 Cryptocurrency Exchanges’ Security Policy

Some of South Korea’s biggest cryptocurrency exchanges have passed a government security audit, but the majority could be exposed to attacks, local tech news outlet ZDNet reported on Jan 10.Bithumb, Coinone and Korbit, in addition to four other major exchanges, satisfied investigators during the audit, which took place between September

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South Korea Regulators Indict Three Upbit Employees for Alleged Trade Volume Manipulation

South Korea’s largest cryptocurrency exchange Upbit has denied accusations it had manipulated its order book after regulators indicted three of its staff, local English-language news outlet The Korea Times reported 21.Upbit, which is owned by developer Dunamu, is accused of falsely inflating its volume figures on three occasions between October

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Major South Korea Tech Holding and ConsenSys Sign MoU to Develop Blockchain Business Hub

South Korean technological holding SK Group has signed a Memorandum of Understanding (MoU) with ConsenSys for blockchain business cooperation, according to a SK Group official press release published today, Dec. 4.SK Holdings C&C is the information technology solutions arm of the SK Group, one of the the largest conglomerates in

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