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Search resuls for: "Korea Fund"


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Ripple cryptocurrency is seen in this illustration photo taken in Krakow, Poland on June 4, 2021. (Photo Illustration by Jakub Porzycki/NurPhoto via Getty Images)Blockchain firm Ripple has launched a Japan and Korea fund, aimed at driving innovation on the XRP Ledger as it continues to expand its presence in Asia-Pacific. XRP is Ripple's native cryptocurrency which is powered by the XRP Ledger, an open-source, public blockchain built for corporations. The XRPL Japan and Korea Fund is part of Ripple's commitment to 1 billion XRP aimed at providing financial, technical, and business support for developers, which was announced in March 2022. "The launch of this fund is a testament to Ripple's strong belief in the potential of Japan and Korea as pivotal regional hubs for blockchain innovation," said Emi Yoshikawa, vice president of strategic initiatives at Ripple, according to the statement.
Persons: Jakub Porzycki, Ripple, Emi Yoshikawa, Brad Garlinghouse Organizations: Getty, Korea Fund, CNBC Locations: Krakow, Poland, Japan, Korea, Asia, U.S
The sign of the Central Bank of the Islamic Republic of Iran is seen in Tehran, Iran January 25, 2023. Majid Asgaripour/WANA (West Asia News Agency)/Handout via REUTERS/File PhotoAug 12 (Reuters) - Iran's central bank chief said on Saturday that all of Iran's frozen funds in South Korea had been unblocked and would be used for "non-sanctioned goods". White House spokesperson John Kirby said Iran could only access the funds "to buy food, medicine, medical equipment that would not have a dual military use." The five Americans will be allowed to leave Iran once the funds are unfrozen, a source familiar with the matter told Reuters. He added that the costs of converting the funds from South Korea's won currency to euros would be accepted by the "third country" where the money would be deposited to buy "non-sanctioned goods".
Persons: Majid Asgaripour, Mohammad Reza Farzin's, John Kirby, Farzin, Helen Popper Our Organizations: Central Bank of, West Asia News Agency, REUTERS, Reuters, South Korea's, Dubai, Thomson Locations: Islamic Republic of Iran, Tehran, Iran, South Korea, Washington, Tehran ., Qatar
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