The Bank of Korea Forms Cryptocurrency Task Force

The task force will be led by Shin Ho-soon, deputy governor of BOK, with the assistance of bank’s payment and settlement system department
11 January 2018   1370

The Bank of Korea (BOK) announced on Tuesday that it has launched a task force to study cryptocurrency and its effect on conventional financial system amid growing concerns over cryptocurrency frenzy.

The task force will be led by Shin Ho-soon, deputy governor of BOK, with the assistance of bank’s payment and settlement system department. A total of eight departments including financial stability and monetary policy at the central bank will join the group study on cryptocurrency’s impacts on overall financial system.

The BOK will also explore central bank-led cryptocurrency, a hot discussion topic at the Bank for International Settlements (BIS) and central banks around the world, on top of creating a new team that will specialize in virtual currency later this month.

Recently, we have reported that the South Korean tax investigation into exchange platforms caused a massive selloff in cryptocurrency market.

Casa to Launch Lightning Node Mobile App Called Sats

Casa to Launch Sats App With Lightning Network Support
04 July 2019   1008

Casa startup, specializing in the creation of secure storage systems for private keys, introduced a mobile bitcoin application Sats App, which makes it easy to manage Lightning-node.

Sats App is positioned as a non-custodial bitcoin wallet "with unique functions." According to Casa CEO Jeremy Welch, the SatsBack reward program will soon be launched, under which users will receive small amounts in BTC. For example, for connecting an application and a Casa Node device to each other, the user will receive 20,000 Satoshi.

Features are focused on increasing adoption of bitcoin and lightning nodes. You will be able to earn bitcoin if you don’t have a Casa node, but you will be able to earn bitcoin faster if you have a node.
 

Jeremy Welch 

CEO, Casa

He also added that the application, available for iOS and Android, is “secure, private and connects via Tor”.

According to CoinDesk, the startup earlier raised $ 3.5 million from Castle Island Ventures, Boost VC and Compound, and several other investors. Currently, a startup staff of 25 people serves users from 60 countries.