Tag: Shinhan Bank

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Trials Ripple

One South Korea´s Largest Banks Trials Ripple, Hints Full Integration in 2018

One South Korea´s Largest Banks Trials Ripple, Hints Full Integration in 2018 Chosun, South Korea’s largest business-focused mainstream media outlet, reported that one the country’s largest banks Woori trialed Ripple payments for remittances. Trials Ripple Woori’s digital strategy department successfully processed payments on the Ripple blockchain network and according to the company, Woori might be able to…
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March 2, 2018 0
South Korea

South Korea Ends Anonymous Cryptocurrency Trading Today

South Korea Ends Anonymous Cryptocurrency Trading Today The new South Korean cryptocurrency account system has entered into force nationwide today, ending the current practice that allowed for anonymous trading of cryptocurrencies. Traders must open real-name accounts at the same banks as their exchanges in order to deposit money to trade cryptocurrencies. Real-Name System Enforced South…
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January 30, 2018 0
Crypto Accounts

Commission Income From Crypto Accounts Jumped 36 Times for South Korean Banks

Commission Income From Crypto Accounts Jumped 36 Times for South Korean Banks South Korean banks have been providing virtual account services to cryptocurrency exchanges and earning commissions from them. According to data obtained by the country’s Financial Supervisory Service, banks made 36 times more in commission income from crypto exchanges last year than the previous…
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January 19, 2018 0
Crypto Crackdown

Korea’s Crypto Crackdown Talk Draws Backlash From Users and Politicians

Korea’s Crypto Crackdown Talk Draws Backlash From Users and Politicians More than 100,000 South Korea residents have signed petitions asking the government there to step back from any plans to close the country’s cryptocurrency exchanges. Earlier this week, the South Korean Justice Ministry announced that it was preparing legislation to close the country’s online exchanges amid a…
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January 13, 2018 0