South Korea Launches Probe on Worldcoin
Due to privacy concerns, South Korea opened an investigation into Worldcoin after receiving complaints regarding acquiring facial and iris recognition data. The Personal Information Protection Commission of South Korea said in a press statement on March 4 that it will look into Worldcoin (WLD) in response to reports that it was processing personal data (such […]
Arbitrum to Build Ecosystem for Blockchain Developers in South Korea
Dispread, a web3 and blockchain-focused Korean company, partnered with an Ethereum Arbitrum second-level solution. In order to assist Arbitrum in creating a development ecosystem in the Korean market and removing the linguistic and cultural barriers that current Korean developers must overcome, Dispread intends to disseminate research content and development instructions, according to a news release […]
XRP and XRPL Gain Popularity in South Korea’s Gaming and DeFi Sectors
Ripple partner Josh Kim reveals how XRP and XRPL are being adopted in South Korea, especially in the gaming and DeFi sectors, amid regulatory discussions on digital assets. XRP and XRPL, the digital asset and the ledger technology developed by Ripple, are gaining popularity in South Korea, one of Asia’s most dynamic economies. Ripple partner […]
South Korea Regulator & SEC Chair To Debate Bitcoin ETFs, NFTs
South Korea’s FSS Chair and the SEC will debate Bitcoin ETFs and NFTs, which will shape the future of virtual finance. South Korean regulators and U.S. financial authorities are scheduled to discuss Bitcoin ETFs and non-fungible tokens (NFTs) at a significant juncture of international financial affairs. Significantly, critical discussions are imminent between the U.S. Securities […]
S.Korean Province Launches System to Track Crypto Tax Evaders
The Tax Justice Department of Gyeonggi province in South Korea has launched a digital monitoring system that targets cryptocurrency tax evaders, tracing their mobile phone numbers to detect their accounts on crypto exchanges. According to a February 22 Yonhap News Agency report, the Gyeonggi tax department traced “delinquents’” virtual asset exchange accounts using the resident […]