Korean payment giant Danal Fintech joins Korea’s largest blockchain ecosystem and integrates its cryptocurrency into its payment app. The goal of the partnership is to bring virtual assets one step closer to everyday life.
One million South Koreans have given up their physical driver’s licenses in favor of a Blockchain-driven digital alternative. According to current usage statistics, Blockchain driving licences are already enjoying great popularity. The program – to be able to use Blockchain driving licenses from now on – was only launched in May. Nevertheless, one million South […]
Since a change in the law in March 2020, digital assets are recognized as such in South Korea. KB Kookmin Bank has now entered into strategic partnerships to further develop this emerging market and provide crypto-custody services. More and more major banks are focusing their strategy on digital assets. In 2017, the South Korean government […]
The Central Bank of South Korea appears to be launching a pilot program to test the digital won. The program is scheduled to run until December 2021 to test technical and legal requirements. Although there are no immediate plans to issue or introduce a CBDC, the bank intends to use the pilot program to ensure […]
The major South Korean bank KB Kookmin Bank plans to launch a custody service for crypto-currencies in the foreseeable future. As reported by the local news agency Digital Today, the major South Korean bank filed a trademark application at the beginning of the year, which relates to a planned subsidiary in the field of digital […]
The South Korean city of Seoul is introducing a blockchain-based petition system on the 1st of March. The system is intended to give citizens the opportunity to propose issues directly to the local administration. Residents of the capital can use the system to submit proposals to the government about possible changes to existing policies or […]
