Tag: South Korea

South Korea’s Central Bank Wants to Digitize the Won

South Korea is a very prominent country when it comes to cryptocurrencies and finance. It now appears that a digital Won is being explored, with a pilot program running until late 2021. There are multiple countries aiming to digitize their fiat currency in the coming years. Digitizing the South Korean Won Slowly but surely, all financial transactions are shifting to the digital space. Exploring additional options in that regard is …
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South Korea Will Research Central Bank Digital Currencies

South Korea is an important region when it comes to cryptocurrencies. It now appears the country’s central bank wants to begin researching central bank digital currencies in the near future.  Numerous countries see merit in creating national digital currencies. More Central Bank Digital Currencies are Coming Such projects are often referred to as central bank digital currencies, or CBDCs.  For the time being, it remains to be seen which nation …
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South Korea’s “Crypto Region” Isn’t About Cryptocurrency at all

South Korea plays a crucial role in the cryptocurrency industry. Whereas most people look to the US for guidance, South Korea is the region more people should focus their attention on. Especially now that the country has its own “crypto region” where guidelines and regulations are less stringent. It is the second major country to take this approach, as Switzerland launches its initiative a while ago.  The South Korean Zug …
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South Korea’s Komid Exchange Officials Sent to Jail for Faking Trading Volume

There is no shortage of controversy in the cryptocurrency industry these days. All major trading platforms are being scrutinized by users all over the world. Numerous allegations regarding fake trading volume have surfaced in recent years. Although most of those claims have not been proven, it seems several individuals associated with Komid will face serious jail time. The Komid Trading Volume Scandal South Korea is quickly becoming one of the …
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