Hana Financial Group said Thursday it had signed an agreement with crypto exchange operator Dunamu to jointly develop financial services using blockchain technology, including an overseas remittance system expected to speed up cross-border payments.
The Bank of Korea has warned that digital tokens pegged to the won could repeat past monetary failures if not backed by public trust and strict oversight, as lawmakers rush to pass the country’s first stablecoin law by the end of the year.
Korea has great potential for cryptocurrencies and blockchain, driven by a rapidly growing ecosystem for digital assets, two sons of U.S. President Donald Trump said at a global blockchain event held Tuesday.
By strategically aligning R&D investments, talent development and regulatory reforms, Korea can establish itself as a key player in the digital economy.
The blockchain industry anticipates significant growth after President-elect Trump's victory, as experts discuss the potential for regulatory changes and the technology's intrinsic decentralization at the Upbit D Conference in Seoul.
Terraform Labs, the platform behind the collapsed stablecoin TerraUSD, has been approved by a U.S. court to wind down operations in bankruptcy on Thursday after agreeing to a $4.47 billion settlement with the U.S. Securities and Exchange Commission.
Social impact refers to a practice where businesses and public institutions focus on addressing social issues as innovative business opportunities.
Speakers at the Upbit D blockchain conference discussed the blockchain's impact on industries like entertainment and sports. They emphasized the importance of safeguards against money laundering in the growing digital assets market.
Upbit, Korea's largest cryptocurrency exchange, hosted its annual Upbit D Conference in Seoul, bringing blockchain developers together to discuss the technology's potential.
Upbit, Korea's largest cryptocurrency exchange, is set to host the Upbit D Conference in Seoul, featuring global experts discussing blockchain trends.
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