Credit Finance Association of Korea Blocks Crypto Payments

South Korea continues to intensify its policy towards cryptocurrency as 8 South Korean card companies are reportedly blocking transactions to overseas cryptocurrency exchanges
23 January 2018   478

Credit Finance Association of Korea (CREFIA) is a non-profit organization with the members of Credit Specialized Financial Business Companies, such as credit card, leasing, installment financing and venture capital companies, developing credit specialized financial business industry through constructive cooperation, information sharing, and promotion of research for mutual benefits of the members. 

CREFIA revealed that South Korean credit card companies are currently working on blocking payments to overseas cryptocurrency exchanges.

We will continue to prevent transactions from being carried out if a foreign [cryptocurrency] exchange is registered as a merchant.
 

The Credit Finance Association of Korea

The finance association reported to South Korean media Yonhap that 8 local credit card companies are in the process of suspending credit/check card transactions so that the users would not be able to buy virtual currency at overseas virtual currency exchanges with local credit cards.

The credit card companies include:

  • BC Card 
  • Hyundai Card
  • KB Kookmin Card
  • KEB Hana Card
  • Lotte Card
  • Samsung Card
  • Shinhan Card
  • Woori Card

Previously, we have reported that South Korean financial authorities banned opening anonymous cryptocurrency accounts, and that Korbit exchange stated that foreigners would not be allowed to deposit Korean won at any domestic cryptocurrency exchanges.

Blockchain Shift Announces Groundbreaking Event

Inaugural Conference to Shine Spotlight on Miami as Future Crypto Hub of the Americas
25 May 2018   76

It was announced that Miami will host the first-annual Blockchain Shift conference, bringing together leaders from industry, technology, finance and the arts to celebrate the potential of distributed ledgers, crypto currencies and the democratization of finance.

The event will take place from October 11th – 12th, 2018, at Mana Wynwood (318 NW 23rd St, Miami).

Blockchain Shift has already confirmed the participation of key sponsors such as IBM, Tesla, KPMG and Bloomberg; as well as an array of A-list speakers including U.S. Congressmen, City Mayors, federal regulators, billionaire technologists and internationally-renowned celebrities.

The ground is shifting beneath our feet, as technology advancements have disrupted virtually every sector of society. Our event will celebrate these advancements, while bridging the gap between a crypto crowd and more advanced legacy industries that are beginning to understand blockchain is here to stay.
 

Dan Viola 

Attorney, entrepreneur and Co-Founder, Blockchain Shift

Although the event has just publicly announced, it has already made great strides with key attendees and partnerships.

Current partners include:

  • IBM
  • Tesla
  • Bloomberg
  • KPMG
  • tZERO
  • Park Capital
  • Wysh
  • SeriesOne
  • AVYachts
  • Americas Execution, LLC
  • Alchemist
  • BitGo
  • CoinBoost
  • Cohen & Co.
  • Harneys
  • Empire Asset Management Company
  • Joseph Gunnar & Co
  • Shutts & Bowen

A sampling of confirmed speakers include:

  • Congressman Carlos Curbelo
  • Mayor of Miami Francis Suarez
  • Alchemist Co-Founder Steve Neyaroff
  • Chris Ferris of Hyperledger
  • Emma Channing from Satis
  • financier and political consultant Anthony Scaramucci
  • Mayor of Coral Gables Raul Valdes-Fauli

Blockchain Shift will place an equal emphasis on quality of experience, with curated sponsor events, yacht excursions, unparalleled networking and a night of electronic dance music with some of the world’s best-known DJs. Furthermore, the event will provide much-needed white glove service, offering a concierge app, accepting crypto for tickets and sponsorships, delivering badges pre-registered to the hotel, curating excellent food options and preventing inconveniences such as long lines.

This event will serve as a catalyst to put Miami on the blockchain map. We believe quality content and having fun should not be mutually-exclusive, and that’s what Miami is all about. The gorgeous weather, interesting people, favorable tax rates and friendly political climate are the perfect ingredients to make our city a Crypto Hub, and Blockchain Shift aims to celebrate this bright future.
 

Alex Lopatine

Managing Partner, Park Capital and Co-Founder, Blockchain Shift

The event set-up will feature a main stage for keynote addresses, panel discussions and fireside chats; with topics ranging from Crypto Hedge Funds, Crypto Broker-Dealers, and Blockchain Solutions for Wall Street, Real Estate and Art, combined with a current look at SEC, FINRA and FinCen regulations. A second stage for ICOs to present to accredited investors and receive general marketing and legal feedback. Finally, an exhibitor space will serve as a place for engagement, networking and learning with unique lounge-style seating that will be equipped with Bloomberg terminals and a live television broadcast so that attendees can stay abreast of the markets and not miss the presentations on the main stage.

To learn more, purchase tickets, or explore our sponsorship opportunities, visit BlockchainShift.io

Contacts