South Korea Announces Progressive Reforms for FinTech, Bitcoin Industry
FSC plans to raise policy loan support to $USD879 million from $USD439 million. The only moral way to break the rigid finance laws is, to reform them. And as it appears, the South Korean government is leaving no stone unturned in doing the same. The hint comes from Yim Jong-yong, the Chairman of South Korea’s Financial Services Commission (FSC), who recently presented a promising “FinTech development roadmap”. The message read that the commission has removed irrational regulations, and is now focusing to revamp current systems to make room for FinTech technologies. Yim further disclosed....
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Indonesia and South Korea are thinking about joining forces in an attempt to boost the FinTech industry to help the burgeoning sector in both countries, reports The Jakarta Post. Last month South Korea announced that it is going to introduce bitcoin regulations in 2017 as digital currencies continue to grow in the country. According to the report, bitcoin adoption has increased significantly in South Korea, amounting to 1.5 trillion won in transactions. It was recently reported that the South Korean government was pushing ahead with the system expansion of digital currency to promote the....
South Korea announced today that it plans to promote the FinTech sector in the country through the expansion of digital currency such as bitcoin, reports The Korea Herald. Not one to fall behind in the digital currency adoption race, the South Korean government is pushing ahead with the system expansion of the digital currency, in a bid to keep up with other countries. It will also offer three trillion won ($2.65 billion) in financial support over the next three years as it develops the FinTech sector in South Korea. Yim Jong-yong, chairman of the Financial Services Commission, said in a....
The Monetary Authority of Singapore (MAS), Singapore’s central bank, has collaborated with yet another Asian country, within days of partnering with an Indian state government over exploring and developing blockchain technology and Fintech. The primary monetary authority in Singapore and the Korean Financial Services Commission (KFSC) – an authority of the same stature in South Korea – will cooperate over Fintech, exploring joint innovation projects with a focus on big data and mobile payments. “This agreement lays the groundwork for deeper FinTech collaboration between Singapore and South....
South Korea is making efforts to prepare “Systematic Groundwork” for the spread of digital currency. According to South Korea’s Yonhap agency, the country recently hosted the 12th Fintech Center Demo Day event, where Yim Jong-yong, chairman of the Financial Services Commission (FSC), declared that the South Korean government would also offer $2.65 bln in financial support over the next 3 years for the development of the fintech sector. Cointelegraph has already reported new Bitcoin centric developments in South Korea recently and how things are changing fast in Korea in sync with....
The Inside Fintech Conference and Expo is coming to Seoul, South Korea December 8-9, bringing an agenda filled with blockchain technology, cryptocurrencies, and financial technology. Inside Fintech Seoul, South Korea December 8-9. Rising Media, Inc. and 3DR Holdings have announced the Inside Fintech conference at the Korea International Exhibition Center....