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South Korea Is Hoping for Regulatory Clarity as Crypto Laws Toughen

South Korean regulators seems to strongly favor blockchain over cryptocurrencies, and some recent events have further proven this hypothesis. As a result, as much as 97% of local digital assets exchanges are in danger of extinction, local reports suggest. Meanwhile, local politicians and regulators have started lobbying a new set

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North Korea Needs Its Own National Crypto, CBDC Fever Spreads in Asia

It seems that a movement to create a national cryptocurrency is gaining momentum in Asia. Following China, the North Korean authorities announced their readiness to issue digital money and even indicated the availability of all required resources — both technical and human — to implement this task. Will the government

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South Korea: Cryptocurrencies not considered financial asset

Cryptocurrencies, including the most popular and longest running Bitcoin, are neither legal tender nor a financial product as they are “not cash nor an equity instrument of another entity,” according to the latest decision by an international interpretative body of accounting practices.The decision on the much-disputed digital currencies, which will

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North Korea to Develop Own Cryptocurrency to Battle Sanctions

According to a recent report, North Korea has started working on creating its own cryptocurrency in an attempt to emerge out of the setbacks imposed on the dictatorial state by international sanctions.Previously, Pyongyang had shown curiosity over digital transactions and has now assembled a team of national professionals joining global

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North Korea Expected to Launch Its Own Cryptocurrency Similar to Bitcoin

North Korea has set plans in motion to create its own cryptocurrency that will be similar to Bitcoin or other cryptocurrencies. The crypto will help the country avoid international sanctions and evade the global US-dominated financial system. North Korea to Introduce Own Crypto A representative of the regime has indicated that

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Crypto Exchange OKEx Korea Ceases to Support 5 Cryptocurrencies

OKEx Korea, an international cryptocurrency exchange, notified in a statement originally made on 10th September that it will cease to support five cryptocurrencies; Monero (XMR), DASH, Zcash (ZEC), Horizon (ZEN) and Super Bitcoin (SBTC). The company will end transaction support on October 10th and the end of withdrawal facility two

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North Korea to Hold Second Blockchain and Cryptocurrency Conference in February 2020

North Korea to hold its 2nd Pyongyang Blockchain and Cryptocurrency Conference in February 2020 as part of a week-long tour, event organizers from the Korean Friendship Association (KFA) have said.After the first Pyongyang Blockchain and Cryptocurrency Conference organized last year (and ultimately occurred in April 2019), this might be the

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