Crypto Giant a16z Sets Up Shop In South Korea In Major Asia Push
Crypto venture capital firm Andreessen Horowitz (A16z) has opened its first Asian office in Seoul, South Korea, signaling a deeper push into the region where on-chain activity and user adoption have surged. According to the firm, the new hub will support portfolio companies and help build local partnerships and communities. Related Reading: Is Trump About […]
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South Korea aims to form a digital asset watchdog by June, according to local media sources. The committee will oversee regulation of the space until the government is able to draft basic laws on digital assets. South Korea Launch Crypto Watchdog The committee will be unveiled during the last week of June, according to a […]
Samsung Securities, Mirae Asset Securities and five other giant brokers have filed to launch cryptocurrency exchanges in South Korea in 2023.
Although bitcoin prices plummeted over the weekend, the overall bull-run remains alive, as well as the crypto-related fraud cases in South Korea. The latest figures by the domestic financial watchdog show that such incidents are still on the rise. Police to Dedicate a Special Unit to Investigate Crypto Frauds According to Asia Kyungjae, the Financial Supervisory Service (FSS) revealed that crypto fraud reports skyrocketed by over 41.6% yearly. The statistics from the FSS from January to October 2020 show that the 41,6% increase belongs to 555 cases of suspicious transactions. Due to the....
South Korea is known to host significant crypto trading activity. South Koreans were among the major players during the 2017 crypto boom. The country accounts for less than 1% of the world’s population. But they were behind 30% of the crypto trading volume that year. This was according to estimates by fintech company Cindicator at […]
It's often outside the major US and European markets that blockchain companies produce the most interesting innovations, thanks to differences in both the regulatory and business environments in places like East Asia. It's also why bitcoin and blockchain companies in places like South Korea and Japan often surprise people. They move in new directions, raise investment from unexpected sources and find new user bases. It's proof that this technology is truly a worldwide phenomenon, and those interested should watch all regions for inspiration. As 2016 comes to a close, I'd like to highlight....