A new Crypto MBA program in South Korea

A new Crypto MBA program in South Korea

Seoul School of Integrated Sciences and Technologies, better known as aSSIST, will start offering a master’s degree in cryptocurrency in 2019 according to a press release published by the educational centre.

According to the school, the new course is “a master’s degree program in the blockchain, crypto economics and token economy courses from technological, crypto and business strategic perspectives.”

It will cover cryptocurrencies such as Bitcoin, Ethereum, month others, also smart contracts, crypto funds, Dapp planning, game theory, and how to write white papers.

According to the press release, “the mission of Assist business school’s Crypto MBA program is to remedy the lack of academic research and systematic education currently available in the industry, despite a high level of social interest in the blockchain and cryptocurrency.”

aSSIST claims to be the first official major degree in Crypto in the world; however, crypto classes are gaining traction in universities around the globe.

Stanford University, Georgetown University and Wharton School of Pennsylvania are examples in the United States, as well as other universities in Europe and the United Kingdom.

Korean UPbit indicted for Fraud

Not only good news in South Korean about the crypto market, but there is also bad news and noise. South Korea’s regulators have issued legal actions for fraud against three senior members of UPbit.

The company, one of the South Korean largest cryptocurrency exchange, is now facing formal charges by prosecutors in the name of three of its senior executives, including its founder, Song Chi-Hyung.

Prosecutors say that executives made fraudulent transactions three times between September 2017 and December 2018. Executives manipulated market while using fake accounts to make bogus orders by 120 billion won, so they would inflate trading volume figures to catch more customers.

The company said, in a press release, that they have been collaborating with the prosecutors in the last eight months of investigation. “We will fully cooperate with the prosecution’s investigation to show the allegations are totally false.”

“The Company has no intention to sell or buy assets in fraudulent transactions as the prosecution said,” the company press release said. “Upbit, as a corporate body, has never liquidated any assets acquired via fraud or used fraudulent assets to make further transactions.”

UPbit also stated that they did not take advantage of any fraudulent activity.

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