KIF proposed to issue crypto version of won

Lee Dae-ki, senior researcher at the Korean Institute of Finance belives that "cryptowon" has many advantages 
26 December 2017   284

Senior researcher at the Korean Institute of Finance (KIF) called on the country's central bank to issue a crypto version of the currency on the blockchain. This is reported by the Korea Times.

Lee Dae-ki offers the bank a "serious thought" about releasing a tokenized version of the South Korean won. In his opinion, this will reduce costs, increase transparency and simplify the process of gaining access to financial services for citizens of the country.

Technology based on blockchain, the distributed accounting database, will show great promise in enabling central banks to improve their defenses against cyber attacks and overall the way payments are conducted between institutions and consumers.
 

Lee Dae-ki 

Seniour researcher, Korean Institute of Finance

According to Lee, the central bank vainly ignores this possibility, as it can help modernize the banking industry as a whole.

Regular currency or commodity regulating cryptocurrencies such as bitcoin are, in part, held back by the government's growing inability to officially name what it actually is. Some countries regard digital coins as commodity, while other places are treating them as regular money. That's why there are limits for virtual currencies to be widely used as a platform for value exchange.
 

Lee Dae-ki 

Seniour researcher, Korean Institute of Finance

The analyst believes that the difficulties recently encountered by traders after the ban of ICO and tightening of the requirements for exchanges are due to the fact that the crypto-currencies do not have a legal status in South Korea. 

UCLA Blockchain Crypto Conference to be Held in LA

The UCLA Conference will be held on February 17-18 of 2018, gathering together the most experienced and exciting thinkers
17 February 2018   226

UCLA's Blockchain Lab and Far from LA are holding the Blockchain Cryptocurrency Conference, gathering together the most experienced and exciting thinkers across SoCal, in order to foster both economic and educational progress. The conference will concern cybersecurity, cryptocurrencies, and blockchain.

The UCLA Conference will be held on February 17-18 of 2018.

Location: The University of California, Humanities Building, 415 Portola Plaza, UCLA 90095, Los Angeles

The headline speakers will include Kathleen Breitman, the co-founder of Tezos; Sandra Ro from UWIN Lab; David Moss from EOS; Jeremy Rubin, the Bitcoin core developer, and many more.

The agenda of the conference is as follows: the future of blockchain keynote, bringing humanity to the blockchain, cybersecurity, autonomous vehicles, blockchain's influence on the development of art and culture, blockchain in the music industry, government adoption of blockchain around the world, and more.