On March 24th, the Bank of Korea said today that as part of the launch of the Central Bank Digital Currency (CBDC) wholesale comprehensive test, the bank will test the use of digital tokens converted from bank deposits in online and offline shopping malls. The test will be launched on April 1, with up to 100,000 consumers and seven major banks including Kookmin Bank, Shinhan Bank and Hana Bank participating. During the period, consumers can use deposit tokens to purchase goods and services at mu...
According to the official news of PANDORA Chain, the "Gathering, Unbounded PANDORA Ecological Launch Conference" hosted by the PANDORA Foundation and co-organized by the Global Supernode Support was grandly held in Jeju Island, South Korea on March 20 and successfully opened. PANDORA global developers, communities, partners, institutions, etc. witnessed this historic moment. Pandora Chain is a new generation of super public chains for complex computing. As an open, inclusive and dynamic ecosyste...
The Bank of Korea (BOK) plans to launch a central bank digital currency (CBDC) pilot called "Hangang". The program aims to facilitate daily transactions from April to June. Once the Bank of Korea issues the digital currency to seven participating banks, the institutions will distribute deposit tokens for use in local supermarkets, online shopping malls and convenience stores. The pilot is expected to involve 100,000 local citizens.
The Bank of Korea made it clear that it "has never considered including bitcoin in foreign exchange reserves". In response to a written question from a lawmaker and member of the Planning and Finance Committee, Cha Gui-geun, the Bank of Korea said on the 16th, "We believe that we need to be cautious about including bitcoin in foreign exchange reserves...
The Bank of Korea plans to work with the Financial Services Commission and the Financial Supervisory Service to launch a real-world transaction pilot of a central bank digital currency (CBDC) involving 100,000 consumers. The pilot will involve seven major commercial banks, including Kookmin Bank, Shinhan Bank, Hana Bank, Woori Bank, Nongxie Bank, Korea Development Bank, and Busan Bank. These banks will issue CBDC-backed deposit tokens for retail transactions at select merchants, including 7-Elev...
On February 26, according to the "Modern Express" report, a Chinese man was found dead in a hotel in Jeju, South Korea, presumably killed while trading virtual currency. South Korean police have arrested four Chinese suspects, namely two women in their 30s, a man in his 30s and a man in his 60s. Four suspects have been confirmed to have fled with the victim's 85 million won, and are currently investigating the motive and process of the crime.
According to ZachXBT monitoring, the North Korean hacking group Lazarus Group operated the stolen funds of the two hacking incidents of Bybit and Phemex through the same address (0x33d057af74779925c4b2e720a820387cb89f8f65), confirming the connection between the two incidents.
Definalist, a South Korean trader, posted on social media, "I think the biggest event today and tomorrow may be the MELANIA token unlock, which takes place in two days: Today (17:26 Beijing time on the 19th), there are still 5 hours left, worth 37 million US dollars MELANIA unlocked; Tomorrow (17:47 Beijing time on the 20th), the value of 27.80 million US dollars MELANIA will be unlocked. "
Definalist, a South Korean trader, posted on social media, "I think the biggest event today and tomorrow could be the MELANIA token unlock, which takes place over two days." Today (17:26 Beijing time on the 19th), there are still 5 hours left, worth 37 million US dollars MELANIA unlocked; Tomorrow (17:47 Beijing time on the 20th), the value of 27.80 million US dollars MELANIA will be unlocked. "
7:00-12:00 Keywords: Korea, Luna, Libra, Coinbase 1. The Supreme Court of Korea has ruled that TerraUSD and Luna are not securities. 2. Google is exploring the use of the "Google Sign in" function to log in to Bitcoin wallets; 3. Libra denied paying bribes to Millai, saying media reports were "politically motivated"; 4. Coinbase shareholders sue company executives for allegedly misleading investors about bankruptcy risks. 5. Hong Kong Securities Supervision Commission: Virtual Asset Roadmap rele...
According to Etoday, South Korea's Supreme Court has ruled that stablecoin TerraUSD and cryptocurrency Luna are not considered financial investment products or securities. The digital assets collapsed in May 2022, losing about $40 billion in value. The latest court decision could affect similar legal disputes in lower courts. In November 2022, a Seoul court rejected a prosecutor's request to seize the assets of Daniel Shin, co-founder of Terraform Labs, the company behind the tokens.
Kim Byoung-hwan, chairperson of South Korea's Financial Services Commission (FSC), announced that the regulator will soon make a decision on whether to impose sanctions on Upbit, a crypto exchange that failed to meet customer authentication requirements. The decision follows an inspection launched by the FSC's Financial Intelligence Analysis Unit (FIU) at the end of August last year as part of the renewal process for Upbit's Virtual Asset Service Provider (VASP) license. During the inspection, i...
Dunamu, the operator of South Korean crypto exchange Upbit, has acquired MPAG, the global operator of digital music notation platforms. The acquisition took place in November, and Dunamu made MPAG a subsidiary by purchasing shares. MPAG operates the MyMusic Sheet platform for global users, the Mapianist platform for Korean users, and the Kokomu platform for Japanese users.
South Korea's acting president, Choe Sang-mu, said on Friday that authorities will communicate with market participants and prepare to lift the ban on selling short stocks imposed in November 2023 by the end of the quarter as planned. Authorities will closely monitor financial marekt, citing high uncertainty over U.S. trade policy and global geopolitical factors.