Korea

Bank of Korea to Launch Digital Currency Trial with Seven Banks in April

South Korea is launching a three-month trial combining tokenized bank deposits and a wholesale CBDC with 100,000 consumers starting in April 2023.Seven major Korean...

South Korea’s Central Bank Takes ‘Cautious Approach’ to Bitcoin Reserve Possibility

South Korea's central bank has ruled out Bitcoin as a foreign exchange reserve asset, citing high volatility and potential transaction costs during market instability.Casa's...

North Korea’s Lazarus Group Transitions Focus from Banks to Cryptocurrency Firms, Linked to Multiple High-Profile Thefts

north korea is believed to be the only nation leveraging Hacking capabilities specifically for financial gain, though it doesn't officially acknowledge Lazarus Group.Cryptocurrency firms...

FBI: North Korea Behind Record $1.5 Billion Crypto Heist from Bybit

FBI has attributed the record $1.5 billion Bybit cryptocurrency heist to North Korean Hackers, identifying the attack as "TraderTraitor."Stolen assets are being rapidly converted...

South Korea to Allow Corporate Crypto Trading in Phased Rollout, Financial Firms Still Restricted

South Korea will allow corporates to trade cryptocurrencies in a phased approach starting with non-profits and universities in H1 2024. Listed companies must have minimum...

South Korea’s Sogang University AI Lab Adopts Theta EdgeCloud for Advanced Language Research

Sogang University's Language & Data Intelligence Laboratory becomes EdgeCloud's twentieth academic and enterprise customer. The partnership expands Theta's academic network in South Korea, joining institutions...

South Korea’s Martial Law Halts Crypto Reforms, STO Plans Pushed to 2025

South Korea's martial law declaration halts crypto sector reforms until political crisis resolves. Securities token offerings and corporate crypto accounts implementation delayed indefinitely. Crypto taxation postponed...

The AI Lab Partners with Theta EdgeCloud to Power AI Education in South Korea

The AI Lab, a South Korean e-learning provider, signs multi-year agreement to use Theta EdgeCloud's GPU resources Partnership targets $500 billion e-learning market, following recent...

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BRICS Gold Buying Tops Treasuries as XAU Hits Record Rapidly

BRICS has been the largest buyer of Gold in three years and is shifting reserves away from dollar-denominated assets.Gold...

Stablecoin Rules Approved Globally; Elliptic Publishes Guide.

Regulatory regimes for stablecoins now exist across major jurisdictions, with clear AML/CFT and sanctions requirements.Elliptic sets out practical compliance...

China Clears Alibaba, Tencent, ByteDance to Prep Nvidia H200

Chinese regulators have given in‑principle clearance for top tech firms to advance preparations for orders of NVIDIA's H200 AI...

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