Crypto News: South Korea Further Embraces Blockchain With Blockchain-Based Digital ID for Citizens

South Korea continues to harness blockchain technology to create unique applications. As soon as 2024, South Korean citizens will be able to use blockchain-based digital identification instead of physical cards. The government has a plan to embed digital IDs within an app on mobile devices in the future. Reportedly, the digital IDs could be used in finance, healthcare, taxes, and transportation too. The blockchain-based digital ID system is set to be launched in 2024, and around 45 million citizens are expected to adopt it within two years. https://freebitco.in/?op=email_web_version&email_id=glU1fFXgWNlEIHf8GQG5JbDCqMDrO9LXas2cxwOv9n4hX&email=vya4.vlad@gmail.com&unsub=7304a1990d0c10a70a6c72575a8b7388ca5ce506d8aaf5ba28ca474350d0cad6&userid=21309444&eoh=81f7197295cba0515af2e421d03a1844ec3d2fb8b26871844c79085ca9c8ccf3&email_verify_id=0&email_verify_hash=a
By Vya4Slav

vya4slav's Recent Blog Posts

News DeFi: Why Some SushiSwap Stakers Are Jumping Ship SushiSwap's Head Chef is calling for drastic measures to keep the DeFi project's future alive and well. #News #Business #Crypto
SushiSwap, the popular decentralized exchange, made a tough call this week as it navigates the ongoing bear market. On December 5, project lead Jared Grey proposed that all staking fees on the…
1 year ago
News Business: Shares of Bitcoin Miner Argo Blockchain Suspended in UK and US The struggling firm said at the end of October that it might have to cease operations if it was unable to secure additional financing. #News #Business #Crypto
Trading in shares of London-based Argo Blockchain (ARBK) was suspended in the U.K. and U.S. on Friday. The exact reason for the suspension was not disclosed, but it typically is due to the pending…
1 year ago
News Web3: Polygon Studios CEO: Our Company Is a ‘Funnel’ for Big Brand Partnerships Ryan Wyatt discusses why “Web2-esque” consumer brands looking to jump into Web3 are flocking to his company. #News #Business #Crypto
Polygon Studios, a subsidiary of the India-based blockchain creator, is a “funnel” for consumer-facing brands that want to jump into Web3, according to the media production company’s CEO, Ryan Wyatt…
1 year ago
News Business: UK Includes Crypto Assets in Financial Services Reform Package Rishi Sunak’s government is pushing forward with plans to turn the United Kingdom into a global hub for crypto assets. #News #Business #Crypto
The UK government today announced a package of more than 30 reforms to financial regulation, including the extension of tax breaks for investment managers to cover crypto assets. Dubbed the “…
1 year ago
News Business: Crypto.com Releases Proof-of-Reserves Data Showing Client Assets Are Fully Backed The examination was done by auditing firm Mazars. #News #Business #Crypto
Crypto.com released proof-of-reserves data from auditing firm Mazars Group that showed its clients' assets are fully backed one-to-one, according to a statement Friday. This comes after…
1 year ago