South Korea’s Shinhan Bank Developing a Blockchain Stock Lending System

South Korea’s oldest bank, Shinhan Bank, is developing a distributed ledger technology (DLT)-enabled stock lending platform, local media Econonews reports on Aug. 1. Blockchain-based stock lending Per the report, Shinhan Financial Investment signed an agreement with financial services company Directional to develop a blockchain-based stock lending service on May 28. Personal stock lending is part…

South Korean President Stresses Regulatory Innovation for Blockchain

South Korea’s President Moon Jae-In stated that regulatory innovation regarding blockchain technology is now a question of survival. Regulatory innovation is not a matter of choice anymore, it is a question of survival The President of South Korea stressed the importance of the development of new regulatory approaches towards new technologies such as blockchain in…

Local Cryptocurrency May Come to South Korea

The second most populated city in South Korea, Busan, may launch a local cryptocurrency. This information comes from ETnews, a publication on Korean tech news. Busan city officials are working in conjunction with BNK Busan Bank, which is part of BNK Financial Group. The goal is to develop a digital currency which is blockchain based.…

Controlling the Dragon centrally and horizontally

2014.02.21 With a population of close to 1.35 billion people, land area of 9.7 million square kilometers and 34 divisions that include provinces, municipalities, autonomous regions, special administrative regions and also the claimed Taiwan province, China requires a strong government to ensure harmony and functionality of every aspect of the country. Two of the many…