Block Network

Mandatory KYC verification may contradict privacy laws in South Korea

Will this legal contradiction be resolved before the deadline? With the South Korean government preparing to implement know-your-customer (KYC) and anti-money laundering (AML) compliance processes, there is confusion among legal experts as to whether the requirements contradict other laws.According to Digital Today, the new requirements would contravene the existing Personal Information Protection Act, which stipulates […]

Brazil plans to track COVID-19 vaccinations using blockchain tech

In the midst of a country-wide COVID-19 vaccination effort, Brazil looks to add blockchain-based tracking to the equation. A recent YouTube webinar from the Ministry of Justice and Public Security hosted discussion on blockchain’s usefulness in several categories, including the fight against corruption. Blockchain’s impact on COVID-19 tracing also surfaced during the discussion. A report from Reuters […]

100M people worldwide now use crypto-based assets, says Cambridge study

Skyrocketing figures show crypto’s growing global dominance.Skyrocketing figures show crypto’s growing global dominance Researchers at the Cambridge Centre for Alternative Finance recently revealed that 100 million people around the world currently hold Bitcoin (BTC) and other blockchain-based assets.In 2018, the 2nd Global Cryptoasset Benchmarking Study estimated the number of identity-verified crypto users at about 35 […]