Penalties will apply if trading venues fail to follow three regulations, the Financial Services Commission said.
South Korea’s Shinhan Bank Builds Pilot Platform for Central Bank Digital Currency
Shinhan Bank has built a pilot platform for a potential South Korean central bank digital … for the issuance of a CBDC by the Bank of Korea (BOK), the Yonhap News Agency reported Monday.
Crypto Conversation: Israeli Blockchain Becomes a Star in Korea
Orbs was recently in the news for partnering with Binance to fund an accelerator for decentralized finance innovation … in the news however is the fact that Orbs is most popular in South Korea.
South Korea to Impose Heavy Penalty on Cryptocurrency Violations
According to a recent report published by the Korea Herald, South Korean cryptocurrency exchange Bithumb is restricting crypto trading accounts held by users staying in regions that have not adopted …
Three hours in ‘hell room’: Myanmar protester describes beating in custody
(Reuters) – A protester in Myanmar who says he was detained by troops for three hours as part of the crackdown against opponents of last month’s military coup has described being beaten with belts …
U.N. Security Council agrees to condemn Myanmar violence, urge military restraint
NEW YORK (Reuters) – The U.N. Security Council agreed on a statement on Wednesday that condemns violence against Myanmar protesters and urges military restraint, diplomats said, but dropped language …
UPDATE 1-UK PM Johnson tells Iran’s Rouhani to let British-Iranian aid worker return home
British Prime Minister Boris Johnson told Iranian President Hassan Rouhani that British-Iranian aid worker Nazanin Zaghari-Ratcliffe must be allowed to return home to be with her family. “The prime …
Bangladesh govt approves proposal to import 150,000 tons of rice from India
Bangladesh government has approved a proposal to procure 150,000 tons of rice under the direct procurement method (DPM) from India.
UPDATE 1-Yellen signals intention to deepen cooperation with Indonesia – Treasury
U.S. Treasury Secretary Janet Yellen conveyed her intention to deepen regional and multilateral cooperation with Indonesia during a call with the country’s finance minister earlier this week …
Indonesia’s new sovereign wealth fund eyes infrastructure investments
JAKARTA: Indonesia’s new sovereign wealth fund is exploring investment in dozens of projects, including toll road concessions worth US$2.6 billion …