By assuming the role of the industry "pioneer," the Korea Blockchain Association (KBA) introduced a standard of assessment for the cryptocurrency industry, namely the ICO and crypto-exchange assessment guidelines. However, there has been widespread criticism that the guideline, instead of being obje
The so called “mediation” association, whose main purpose is to represent the industry and mediate conflicts among its members, is working up its efforts in selling tokens jointly with a company founded by the President of the Association. It is feeding off from its title “Association” and its reput
The Seoul Metropolitan Government (SMG) aims to invest a total of KRW 120 billion to gain an upper hand in the blockchain industry. The city also plans to build startup centers for blockchain companies, create an investment fund, and nurture talented professionals.On October 3rd (local time), Park W
"All worries about (Upbit) intentionally not allowing the opening of new accounts will be dispelled," said President Lee Seok-woo on September 7th during a press conference, which took place prior to the Upbit Developer Conference. The statement pretty much shows that the exchange will address the t
A spate of fake exchanges are engaged in the unauthorized trade name use of Binance, which is the world’s top cryptocurrency exchange desk. Key examples are Binance Korea and Binance Pay.Binance, originally founded in China, announced plans to enter the Korean market sometime early next year. Invest
While the Korean government wavers between regulating and allowing ICOs, or initial coin offerings, various blockchain and cryptocurrency associations are selling fake ICO certifications, clouding the judgements of investors.As of today, a total of 19 associations have emerged in the field of blockc
“The key element in the exchange business is trust. By securing technology and transparency, GOPAX wants to create exchange standards that are perceived trustworthy in the domestic cryptocurrency market,” expressed GOPAX CEO Lee Junhaeng in an interview with Dailytoken on August 22nd while attending
Seoul’s “Blockchain Master Plan (Basic Plan)” is expected to be unveiled soon, revealing specifics. At the heart of the plan lies “S-Coin.”“Seoul is currently running some pilot projects that leverage blockchain technology, and a comprehensive blockchain master plan will be shared at the end of the
A two-day blockchain conference titled “Blockfesta 2018” kicked off today in SETEC, Gangnam-gu, Seoul.Representatives from over 40 leading blockchain companies as well as domestic and overseas virtual currency experts, regulatory authorities and investors gathered to assess the current status of the
Korea’s financial regulator has launched an investigation into the unfair trading of stocks related to the Russian ‘treasure ship’ that recently grabbed headlines and attention in the stock market.On July 25, a Financial Supervisory Service (FSS) official said, “As stocks related to the treasure shi
Jeju Island, the self-governing province located south-east of Korea’s mainland, is planning to revise its special law to include the designation of a ‘blockchain-regulated sandbox zone.’ Currently, the Korean government’s policy is that all initial coin offerings (ICOs) are prohibited. But that mig
Cryptocurrency exchanges have been through a lot lately. CEO Kim Ik-hwan of Coinnest was arrested on charges of embezzlement and several other exchanges were asked to make improvements to their security measures and transaction transparency.
STEP 6 – Investors Have the Right to Know? Not in the ICO Business. Even though I had to struggle through the process, participating in an ICO for the first time was quite exciting. But soon I was reminded of the fact that the investment wasn’t “real money” yet.
I’m a journalist in my 30s who appreciates stability. Instead of living in a downtown apartment, I live with my parents to save up on rent so that I can enjoy more financial comfort when I get married and have my own family. I prefer to receive recommendations when eating out at nice restaurants to guarantee high quality.
The blockchain industry is growing rapidly despite the frequent fluctuation in cryptocurrency value. Dailytoken investigated the three major industries that blockchain-based projects focus on. Finance is one of them. Blockchain technology is expected to reduce trading costs and improve security in the finance sector.