KISA is the Ministry of Science and ICT’s sub-organization dealing with the allocation and maintenance of South Korea’s Internet Protocol address space and Autonomous System Numbers.
South Korean cryptocurrency exchange Bithumb is planning to expand into Thailand And Japan
Bithumb, one of the biggest crypto exchange in the world, said that it is currently working on obtaining regulatory approval from the Financial Services Agency of Japan and the Securities and Exchange Commission of Thailand.
South Korean lawmakers are reportedly set to submit draft bills focused on regulating cryptocurrencies, initial coin offerings (ICO) and blockchain technology.
According to a report from the Korea Times, legislators from different political parties will introduce the drafts at an extraordinary session of the National Assembly,
The South Korean government is drafting new industry classification standards for the local blockchain and crypto industry.
According to local news outlet The BChain, three government ministries, the National Statistical Office, the Ministry of Science and Technology, and the Ministry of Information and Communication,
KT Corporation, South Korea’s largest telephone company, has launched a blockchain platform for novel writers.
KT Corporation, formerly Korea Telecom, is South Korea’s first telephone company and as such it dominates the local landline and broadband Internet market, serving about 90 percent of the country’s fixed-line subscribers and 45 percent of high-speed Internet users.
South Korean cryptocurrency exchange Bithumb has announced that it has recovered nearly half of the funds stolen in a recent hack.
On June 20, Bithumb announced that it lost 35 million won ($31M USD) worth of cryptocurrencies to hackers, temporarily suspending all deposits and withdrawals.
South Korea’s Financial Services Commission (FSC) said it will step up monitoring of money transfers between local and foreign crypto exchanges.
In a statement, the FSC said that it has amended the anti-money laundering (AML) rules that apply to crypto exchanges.
South Korean cryptocurrency exchange Bithumb has announced that it may be able to reduce the amount of losses from a multi-million dollar hack earlier this week through its ongoing disaster recovery.
In an update on its website, the exchange said that while it has reported losses equivalent to $31 million to the Korea Internet &
South Korea’s Ministry of Science and ICT is planning to raise 230 billion won ($207M USD) by 2022 to fund its Blockchain Technology Development Strategy.
According to the agency, the funds will be allocated to some 10,000 blockchain experts and 100 companies,
Bithumb, South Korea’s largest cryptocurrency exchange, has temporarily suspended all deposits and payments after hackers stole 35 billion won ($31M USD) from the platform.
In an online post, Bithumb said the hack happened between late Tuesday night until early Wednesday morning Korean time.