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 Analysis: Ethereum in 2023: Here’s What to Look Forward To Staked ETH withdrawals, scalability and more cool events are on the horizon for Ethereum. #News - #Business #Crypto #NFT #DeFi
Staked ether withdrawals are imminent This will be the most pressing issue that Ethereum developers will tackle. After September’s Merge, when Ethereum switched its consensus mechanism to proof-of-…
1 year ago
News DeFi: Biggest Crypto Exploits and Hacks of 2022 Last year was bad, but 2022 was much worse, "the biggest year ever for hacking."
Blockchain analysis firm Chainalysis said 2022 was “the biggest year ever” in terms of the number of crypto projects hit with attacks and drained of funds—and that was in October. It certainly felt…
1 year ago
News Business: Who Will Pay Sam Bankman-Fried's $250 Million Bond? Nothing was paid up front for his release, but his parents could be left holding a very big bag if he violates court restrictions. #News - #Business #Crypto #NFT #DeFi
Disgraced crypto mogul Sam Bankman-Fried today was released from custody by a New York judge under a $250 million bond agreement. That led to one big question across Crypto Twitter: Where did the…
1 year ago
News Business: Authorities in Italy, Albania Bust $16M Suspected Crypto Investment Scam Assets worth 3 million euros were seized during the action by a joint investigation team. #News - #Business #Crypto #NFT #DeFi
Law enforcement authorities in Italy and Albania busted a suspected cryptocurrency investment scam estimated to have netted 15 million euros ($16 million). Assets worth 3 million euros were seized…
1 year ago
News Policy: Brazil’s President Signs Crypto Regulations Into Law Companies in the sector will have 180 days to adapt to the new rules. #News - #Business #Crypto #NFT #DeFi
Brazil President Jair Bolsonaro on Thursday approved a crypto regulation bill recently passed by that country’s Chamber of Deputies and the Senate. The new law establishes a crime of fraud involving…
1 year ago