South Korea starts inspections of Bitcoin exchanges

South Korea’s Ministry of Science and ICT and Korea Communications Commission are going to check the Korean Bitcoin exchanges
28 September 2017   332

The Korea Communications Commission (KCC) and the Ministry of Science, Information and Communication Technologies announced joint inspections of companies and exchanges that conduct transactions with cryptocurrency. This is reported by Bitcoin dot com.

KCC plans to check the exchanges for compliance with technical and administrative guarantees for the security of personal information and intends to severely suppress any violations identified.

The Korea Communications Commission (KCC) plans to conduct on-the-spot checks on the implementation of technical and administrative safeguards for personal information pursuant to the Act on the Promotion of Information and Communication Network Utilization and Information Protection, and to strictly rectify any violations.

ZdNet Korea

Attention of KKC to cryptocurrency organizations can be caused by the increased cases of digital wallets and hacker attacks that lead to the leakage of personal information. 

This check is due to the increase in user damages due to subsequent hacking accidents involving virtual wallet hacking and personal information leakage. The government plans to prevent the occurrence of similar damages and to provide an environment for safe service utilization through inspection of companies handling virtual currencies.

The Korea Herald 


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   218

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.