Thursday, July 18, 2019
Tags South Korea

Tag: South Korea

Kakao’s Crypto Business Raises $90m Funding

South Korea-based Kakao’s crypto unit has raised $90 million through a private coin offering and is planning another round targeting a similar sum this week. Read more: bankingtech.com

South Korean capital to invest over $1bn in FinTech, blockchain startups

The Seoul Metropolitan Government has committed over $1 billion to invest in innovative startups by 2022, including blockchain firms. Read more www.coindesk.com

South Korea central bank warns over CBDCs

South Korea’s central bank has issued a warning over central bank digital currencies (CBDCs) a week after saying it would not introduce one itself. Read more: www.thepaypers.com

Bank of Korea says central bank cryptocurrency would cause cash shortages

Bankers at Korea's central bank, the Bank of Korea, have issued one of the most decisive warnings against the creation of a central bank-backed cryptocurrency so far, Read more: www.crowdfundinsider.com

Bitfury Partners to launch Bitcoin mining centers in Paraguay

Bitfury has teamed up with a South Korean firm to mine bitcoin using cheap, clean hydro power in Paraguay. Read more: www.coindesk.com

South Korea will keep ICO ban, says Financial Services Commission

The results of a survey appeared to sway Korean lawmakers, who had previously debated lifting the 18-month-old ban on domestic ICOs. Read more: cointelegraph.com

S. Korea’s central bank says it won’t issue a digital currency...

South Korea's central bank says it won’t be issuing a central bank digital currency in the near term, but will continue to conduct detailed research into the matter. Read more: cointelegraph.com

Bithumb launches voting platform for cryptocurrencies

South Korea-based crypto exchange Bithumb has launched a public voting platform, aiming to screen tokens vying to list on the cryptocurrency exchange Read more: www.thepaypers.com

P2P lender PeopleFund bags $11m in Series B

South Korea-based PeopleFund, a P2P loan platform, has raised $11m in its Series B round of funding. Read more: fintech.global

Bithumb said to sell 50% stake to BK Global Consortium

South Korea-based Bithumb has reportedly sold a 50 per cent stake to BK Global Consortium. Read more: fintech.global