The court ruled the customers benefited from unjust enrichment due to a network delay, not the exchange’s servers.
The court ruled the customers benefited from unjust enrichment due to a network delay, not the exchange’s servers.
A KRW stablecoin could effectively iron out the spread between exchanges and end the "kimchi premium."
The project had reached the stage of developing a pilot program together with participating banks.
South Korea’s retail traders just made Circle their top foreign stock as a new president ramps up stablecoin regulations.
The company is also preparing to list on public markets in the U.S. via a special purpose acquisition company, SilverBox Corp IV.
South Korea’s top financial regulator is working on a detailed roadmap to support the launch of digital asset spot exchange-traded funds. According to a June 19 report by Herald Economy, the Financial Services Commission revealed the move during a policy update to the State Affairs Planning Committee. The FSC plans to roll out its proposal […]
The post South Korea moves closer to spot Bitcoin ETFs as FSC explores proposal appeared first on CryptoSlate.
Meet Korea's next alt coin, $USELESS.
The deal could help Tencent secure long-term control over popular intellectual property and expand its presence in the South Korean gaming market.
Under a proposed law, companies would be able issue their own tokens provided they meet equity capital requirements and can guarantee refunds through reserves.
Left-leaning Lee Jae-myung won't change the nation's crypto policies, Hashed CEO Simon Kim said in an interview with CoinDesk
During the election Lee Jae-myung made a host of crypto promises to appeal to the nation's 15 million crypto investors.
Non-profits will need to meet strict conditions such as five years of audited operations and internal committees to vet donations.
The NXPC token is developed by NEXPACE, the blockchain arm of South Korean video game developer Nexon.
Korean crypto markets are experiencing a rally, influenced by a $1 billion short squeeze and improving geopolitical sentiment.
A filing on the country's corporate registry shows the exchange registered a new entity in preparation for an IPO.
South Korean regulators will continue to block unreported virtual asset operators from accessing domestic sites, a statement said.
Major South Korean banks are pushing for a change in the country’s crypto policy, aiming to expand their ability to partner with multiple crypto exchanges. This proposed change, reported by local outlet MT, surfaced during an April 9 meeting organized by the Korea Federation of Banks alongside lawmakers from the ruling People Power Party. According […]
The post South Korean banks urge policy shift to broaden crypto exchange ties appeared first on CryptoSlate.
The NPS plans to invite blockchain experts and companies to participate in a preliminary disclosure process before starting a research study.
Trading went live at 07:30 UTC.
Customers at 7-Eleven stores in South Korea can now pay using the Bank of Korea’s digital currency with a 10% discount to incentivize adoption.
Dunamu, the parent company of South Korea’s largest crypto exchange UPbit, reported a significant increase in earnings for 2024, defying ongoing regulatory challenges. Chosun Bix, citing the firm’s annual business filing, reported that Dunamu’s operating profit surged 85.1% to 1.19 trillion won (approximately $682 million) in 2024. According to the report, the firm’s revenue climbed […]
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South Korea’s Financial Intelligence Unit (FIU) has blocked access to 17 overseas crypto exchange apps on Google Play for operating without proper registration, according to a March 26 announcement. Major exchanges, such as KuCoin, MEXC, Phemex, XT, CoinEx, BitMart, and Poloniex, are among the affected platforms. According to the statement, South Korean crypto users can […]
The post South Korea blocks 17 overseas crypto exchange apps in registration crackdown appeared first on CryptoSlate.
The Financial Intelligence Unit (FIU) classified a number of exchanges who are not registered as targets for sanctions
Investigation centers on claims that Bithumb helped a former CEO finance an apartment
The CEO of South Korea’s Haru Invest was stabbed in court during his fraud trial in August 2024.
South Korea and North Korea have taken sharply contrasting positions on Bitcoin as South Korea’s central bank has reportedly ruled out BTC as part of its foreign exchange reserves. Why South Korea dismissed BTC According to the report, the Bank of Korea (BOK) stated that Bitcoin does not meet the International Monetary Fund’s (IMF) criteria […]
The post South Korea snubs Bitcoin reserve as North Korea hoards BTC through cyber crime appeared first on CryptoSlate.
The IMF emphasizes the importance of prudently managing liquidity, market, and credit risks — criteria that bitcoin, with its erratic nature, does not satisfy.
Dunamu, the parent company of South Korea’s largest crypto exchange, Upbit, has reportedly taken legal action against the country’s Financial Intelligence Unit (FIU) over a business suspension order. This comes as South Korean authorities are tightening their grip on crypto-related crimes by launching a dedicated unit to handle digital asset investigations. Upbit challenges FIU On […]
The post Upbit owner clashes with South Korean regulators in legal battle appeared first on CryptoSlate.
The collaboration aims to bolster Ripple’s ecosystem, enhance RLUSD adoption, and tap into Korean port city Busan’s blockchain-friendly economic zone.