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“#Seoul uses AI to detect, prevent suicide attempts on bridges” SEOUL – Is the young woman in the summer dress just admiring the view off the bridge? That is the question South Korean researchers and the emergency services are working to answer using artificial intelligence to detect and prevent suicide attempts. In this case it…
“# Crypto exchanges could sue Korean gov’t for ‘passing the buck‘ to banks ” With the implementation of new rules from South Korea’s Financial Services Commission (FSC), many smaller cryptocurrency exchanges in the country fear they will be forced to shut down. These rules require that each exchange must prove it has a real-name account…
“# Klaytn death cross debut coincides with a 57% KLAY price pump ” Bids for Klaytn’s native cryptocurrency KLAY spiked on Thursday after the South Korea-based public blockchain project confirmed its listing on Binance, one of the world’s top cryptocurrency exchanges by volume. #Binance Will List @klaytn_official $KLAYhttps://t.co/41yyLvHS0I — Binance (@binance) June 24, 2021 The…
“# South Korean crypto exchanges banned from handling coins they issued themselves ” The increased regulatory scrutiny that befell South Korea’s cryptocurrency space in recent times appears to have extended to include exchange tokens. Exchange tokens are tokens issued by a cryptocurrency exchange that usually offer some benefit to the holder, either through reduced trading…
“# Regulations drive Korean exchanges to delist, warn against high risk coins ” South Korea’s cryptocurrency market continues to transform under the weight of mounting regulatory pressures. Major crypto exchanges such as Upbit have this week moved to delist or warn against specific digital assets they have judged to be high-risk for investors. The…
“# South Korea’s small crypto exchanges face increasing regulatory heat ” Authorities in South Korea are continuing to propose and enact measures aimed at maintaining strict oversight over the nation’s crypto exchange market. These come amid a significant uptick in cryptocurrency trading volume, especially for altcoins. In May, South Korea’s Financial Services Commission (FSC) announced…
“# Korean banks will need to classify crypto exchange clients as ‘high risk’ ” New rules announced by South Korea’s Financial Services Commission, or FSC, are expected to affect around 60 unauthorized cryptocurrency exchanges in the country, and a new policy for banks will require that they classify any crypto exchange clients as “high risk.”…
“# Alleged $3.6B crypto Ponzi’s ‘victims’ still believe the exchange is legit ” Victims of an alleged $3.6 billion crypto Ponzi scheme in South Korea are reportedly hampering the progress of a police investigation and a joint lawsuit — as they still believe in the project and hold out hopes of getting a return on…
“# South Korea moves to ban cross trading for crypto exchanges ” South Korea’s Financial Services Commission has moved to ban cross trading on crypto exchanges in the country. The move is part of a raft of amendments to the country’s Act on the Reporting and Use of Certain Financial Transaction Information. Cross trading, an…
“#S.Korean designer creates ‘Third Eye’ for ‘smartphone zombies’” A South Korean industrial designer has come up with a satirical solution for “smartphone zombies” who can’t take their eyes away from their screen long enough to stop themselves walking into a wall or other obstacle. Paeng Min-wook, 28, has developed a robotic eyeball he has dubbed…