Ethereum in the Green as Korea’s Jeju Island Issues NFT Tourist Cards – Flock...
You know it’s a fine day when Ethereum turns green. With 6.9% gains in the last week, $ETH is consolidating and looking to test the $3.7K resistance point. If it breaks above $3.8K, we could see a move above $4K soon. Another pro-crypto move is Korea’s Jeju Island’s initiative to create NFT tourist cards to […]
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Jeju Island and blockchain company Iconloop are proceeding with a full rollout of their COVID-19 contact tracing app following successful pilots. Jeju Island, a major tourist destination in South Korea, is introducing a government-backed, system for tracking COVID-19 contacts based on blockchain technology.On Jan. 14, the Jeju Special Self-Governing Province and blockchain technology firm Iconloop announced that the blockchain-based contact tracing system is now fully operational.Called “Jeju Safety Code,” the project was initiated in August 2020 to enable COVID-19 contact tracing for....
South Korea’s financial authority is expected to release the long-awaited regulatory framework next quarter, offering clear guidelines for the issuance and distribution of won-pegged stablecoins. Related Reading: Crypto Clampdown: South Korea’s Jeju City Goes After Suspected Tax Evaders Stablecoin Guidelines By October On Monday, local news media outlets reported that South Korea’s financial regulator, the […]
South Korean blockchain firm Iconloop is set to test a blockchain-based mobile driver’s license system in the country. Enterprise blockchain firm Iconloop has secured approval from South Korea’s Ministry of Science and ICT to test its decentralized identity, or DID, technology system to manage driver’s license data in the country.According to an announcement from the company, the trial run aims to showcase the DID’s capabilities in offering secure data storage while preventing data forgery.Commenting on the project, Iconloop CEO Jonghyup Kim remarked that the company’s DID platform allows....
Japan is inching towards the approval of its first yen-backed stablecoin, with regulators likely to approve it as soon as October. Related Reading: Crypto Clampdown: South Korea’s Jeju City Goes After Suspected Tax Evaders Nikkei reports that the token, named JPYC, will be issued by Tokyo fintech company JPYC and will be backed by the […]
Regardless of the political turmoil that arose in South Korea due to the crypto-related regulations, a leading politician had come forward to reveal that he had made investments in virtual currencies publicly. Won Hee-ryong, the Governor of Jeju Island, unveiled that he invested in four different cryptocurrencies. Wong Plans to Keep Updating People via Youtube About His Crypto Holdings Status According to Chosun, the politician, who is the leader of a semiautonomous province in the country, admitted that he bought a total of 1 million won ($885) worth in bitcoin (BTC), ethereum (ETH),....