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South Korean fintech company Dunamu Inc. is expanding its crypto-asset exchange business to Singapore. The company said it chose Singapore as its first overseas destination and “launching pad” into foreign markets, citing the country’s strong support for blockchain and cryptocurrency. The exchange, which will begin operations in October, will offer the...
Blockchain startup Orbs is expanding into South Korea with the opening of its Seoul headquarters, the company’s first office outside of Israel, and a Memorandum of Understanding (MoU) freshly signed with Kakao’s blockchain subsidiary Ground X for research, development and business cooperation. Orbs is building a hybrid blockchain with built-in...
Indonesian point-of-sale (POS) terminal maker Pundi X Labs (Pundi X) signed a Memorandum of Understanding with South Korean smart cards maker Ubivelox on Thursday to support the deployment and development of its devices in South Korea, Pundi X said in a statement. Pundi X’s innovative POS terminal, called Pundi XPOS,...
Yoon Suk-heun, the new governor of South Korea’s Financial Supervisory Service (FSS), said that the country’s top financial regulator will consider easing cryptocurrency regulations. "Regarding cryptocurrencies, there are some positive aspects," Yoon told reporters after President Moon Jae-in approved his nomination to lead the government agency. His nomination was submitted...
The Bank of Korea (BoK) has announced that it is planning to reveal its guidelines on cryptocurrencies before the summer is out. A plan on a possible central bank-issued digital currency will also feature, according to a report. In a statement issued yesterday, the bank said: “A taskforce has been studying...