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5 South Korean Crypto Exchanges Take On New Responsibility for User Losses

Five cryptocurrency exchanges in South Korea have increased their liability to users in line with demands from regulators. Local English-language news outlet The Korea Herald reported the news on June 17, citing Yonhap News Agency.A year after the Fair Trade Commission requested Bithumb and four other platforms to adapt

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South American Online Marketplace Working With Facebook on Crypto Project

South American online marketplace Mercado Libre is working with Facebook on the social network’s Libra cryptocurrency project, Cointelegraph Brazil reports on June 14.A MercadoLibre executive told Cointelegraph Brazil that the purported cryptocurrency will be integrated into the e-commerce platform as a form of payment. While the anonymous executive confirmed

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Conglomerates’ Deep Pockets Continue Blockchain Growth in South Korea Despite Crypto Ban

Unlike in other countries, where startups are at the heart of blockchain development, the South Korean blockchain landscape has “chaebols,” large, family-owned business conglomerates in Korea, at its heart. Just about every month, reports and announcements of large South Korean companies — including Samsung, Naver and NHN, just to

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Ripple Opens Shop in South America with Brazil’s $2 Billion Remittance Market

By CCN Markets: Ripple has announced the launch of operations in Brazil as it prepares to capture a slice of the country’s lucrative remittances market and the South American region as a whole. The enterprise blockchain solutions firm indicated that it made the decision in ‘response to high customer demand

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South Korean Post Teams Up With Crypto Exchange to Apply Blockchain

South Korea’s national postal service Korea Post is planning to apply blockchain technology to its billing system, local news agency News1 Korea reports on June 5.The initiative is a collaboration between the South Korean government and local private companies including cryptocurrency exchange Coinplug and global IT company NHN.According to

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Top South Korean Utility to Co-Develop Blockchain System for Renewable Energy Certificates

South Korea’s largest power provider has signed a contract with two domestic power suppliers to establish a blockchain-powered system for transacting Renewable Energy Certificates (RECs). The news was reported by local energy news site Energy Daily on June 4.KEPCO — an acronym for the Korea Electric Power Corporation —

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South Korea’s Bitcoin Trading Volumes on LocalBitcoins Reach New Record Levels

Bitcoin (BTC) trading volumes in South Korea have recently reached new levels on peer-to-peer (P2P) exchange LocalBitcoins, according to charts on BTC statistics service Coin Dance.According to the data, bitcoin weekly trading volumes have surged over the past two weeks, with the latest week recording a new high of

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