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South Korea’s Financial Services Commission (FSC), the country’s top financial regulator, has announced its first batch of financial services providers accepted into its financial regulatory sandbox. Among the 18 fintech solutions selected, three utilize blockchain technology: Directional will be testing a stock...
Blocko, a South Korean startup backed by Samsung, has launched its hybrid blockchain Aergo Enterprise and initiated a migration program for clients using its private blockchain product Coinstack, which the company will officially be retiring, it said in a release earlier this week. Aergo Enterprise focuses on...
SBI Savings Bank, by South Korea’s SBI Group, has deployed a new blockchain-based personal authentication service. Called SBI Simple Authentication, the service is now open to the public and was developed in cooperation with domestic blockchain startup Iconloop.
Dunamu, Inc., a South Korean fintech startup and the operator of crypto-asset exchange Upbit, has announced the launch of Luniverse, a consortium-based blockchain service platform. Lambda256, Dunamu’s research arm, was responsible for the development of Luniverse and will be spun off as a subsidiary, Dunamu said on Tuesday....
South Korean company BxB Inc. has announced the launch of KRWb, the world’s first 1:1 Korean won-backed stablecoin aimed at providing greater liquidity to cryptocurrency exchanges and global accessibility of value transfers into and out of South Korea. KRWb is a token issued against a safe deposit denominated in Korean...