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South Korea to Develop Blockchain Voting System

South Korea

South Korea plans to develop a blockchain voting system, with trials starting next month in the private sector. The Ministry of Science and ICT, and the National Election Commission (NEC) said they will develop a blockchain-based online voting system by December. The NEC ran an online voting system, dubbed K-voting, back in 2013, which has […]

South Korea’s Crypto Exchanges Bithumb to Launch US Security Token Platform

South Korean

One of South Korea’s largest crypto exchanges by trading volume, Bithumb, announced its partnership with U.S. fintech company Seriesone on Oct. 31. Under the agreement, “Bithumb is investing in a Seriesone entity in South Korea to scale technical development and marketing,” Seriesone detailed, elaborating: Bithumb and Seriesone will form a joint venture intended to create […]

South Korea’s Bithumb Eyes U.S. Security Token Exchange

South Korea

South Korea’s top cryptocurrency exchange Bithumb has signed a deal with a U.S. fintech company to set up a security token exchange in America, industry sources said Thursday. The agreement with SeriesOne calls for Bithum to invest in and provide technical support for the establishment of the envisioned security token exchange in the world’s largest […]

Cryptocurrency Exchange BTCC Expanding Into South Korea

South Korea

BTCC, formerly known as BTC China, is launching services in South Korea on Oct. 31, according to the Investor. The beta service will start this month and the exchange “will make its official debut in November,” the publication added. BTCC Launching Cryptocurrency Exchange in South Korea“The world’s first cryptocurrency exchange BTCC is preparing to open […]

South Korea’s Democratic Party Lawmaker Urges Authorities Allow to ICOs

ico

A member of South Korea’s National Assembly has called on the state to “open up the road” to ICO by easing regulations, South Korean financial outlet Economy reports October 2. According to the article, Min Byung-doo, a Democratic Party lawmaker, will introduce a project of for ICO legislation at the next round of the National […]

South Korea Budgets a Trillion Won for Blockchain Tech in 2019

South Korea

South Korea’s government has earmarked a 5 trillion won ($4.4 billion) budget toward its ‘Growth through Innovation’ investment program in eight critical sectors with a particular focus on blockchain and AI. In a meeting in Seoul on Monday, South Korea’s finance minister Kim Dong-yeon confirmed plans of a 5 trillion won investment toward its innovation […]