Fourth largest Bitcoin exchange. Bithumb, hacked for billions of Won
The largest bitcoin and Ether exchange in South Korea by volume, Bithumb, was recently hacked. Monetary losses from compromised accounts have started to surface, and are quickly reaching into the Billions of won.
South Korea plans national digital currency using a Blockchain
At Monday’s 12th annual FinTech Demo Day in Seoul, the chairman of South Korea’s Financial Services Commission (FSC), Yim Jong-yong, announced that his department will, “Lay the systemic groundwork for the spread of digital currency.”
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