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 […]
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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 […]
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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 […]
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The collaboration aims to bolster Ripple’s ecosystem, enhance RLUSD adoption, and tap into Korean port city Busan’s blockchain-friendly economic zone.
The country restricted institutions from trading crypto in 2017.
Trading volumes on Korean exchanges Bithumb and Upbit have dropped significantly in the past week, indicating a drop in retail trading activity.
VIRTUAL is the native token of the AI launchpad Virtuals Protocol, a Base-native that recently expanded to Solana.
Crypto exchange Upbit could face sanctions from South Korean authorities for not complying with money laundering obligations.
Upbit must respond to the FSC’s suspension notice by Jan. 20 or face restrictions on new registrations on the platform for six months.
South Korean authorities have indicted suspects for unfair crypto trading involving artificial price inflation and subsequent token dumping, known as a pump and dump.
South Korea’s regulatory industry for cryptocurrency continues to evolve, with authorities adopting a cautious approach to corporate investments in digital assets. On Wednesday January 15, the Financial Services Commission (FSC) hosted its second Virtual Asset Committee meeting, where it discussed the progress of new crypto investor protection laws. While the agenda touched on various regulatory […]
The regulators focused on crypto investor protection and new stablecoin rules while postponing the question of corporate crypto trading.
North Korea-affiliated hackers stole at least $1.34 billion worth of digital assets in 2024.
Upbit has warned investors as IOST plans a layer-2 transition, with 21 billion new tokens and a tokenomics overhaul.
Recent reports revealed that South Korea is set to ease its restrictions on institutional crypto investment. Secretary-General of South Korea’s Financial Services Commission (FSC) announced the watchdog’s plan to review its restrictions amid the ongoing changes in South Korea’s regulatory approach. Related Reading: UK Authorities To Seize $4.3 Million In Bitcoin From Fugitive Crime Boss […]
South Korea is reportedly preparing to relax its restrictions on crypto trading for institutional investors, signaling a significant shift in the country’s approach to digital asset regulation. Local media outlet Yonhap reported on Jan. 8 that the country’s Financial Services Commission (FSC) will introduce phased regulatory changes to enable institutions to participate in crypto trading. […]
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South Korean regulators reportedly continue to discuss the approval of corporate crypto trading amid the country’s ongoing leadership crisis.
Lotte’s Caliverse, an AI-driven entertainment experience, is coming to the layer-2 network, allowing web3 users to pay for services with crypto.
Do Kwon, Terraform Labs co-founder, was extradited to the US by Montenegro, bypassing South Korea’s petition.
South Korea’s Jeju Island, a self-governing tourist hotspot, will reportedly trial NFT tourist cards in a bid to attract the country’s younger generation.
On Thursday, the South Korea Stock Exchange chairman, Jeong Eun-bo, revealed their plan to “explore” the approval of crypto-based exchange-traded funds (ETFs) to continue with its “value-up program” and face the ongoing market challenges. Related Reading: Indonesia Rushes To Finalize Crypto Oversight Transfer Ahead of Jan. 12 Deadline – Report Korea Exchange To Explore Crypto […]
South Korea’s Exchange Chairman, Eun-Bo Jeong, has signaled interest in introducing crypto-based exchange-traded funds (ETFs) this year, aligning with global demands for such products. At the Securities and Derivatives Market Opening Ceremony on Jan. 2, Jeong reportedly emphasized the need for innovative financial products to revitalize the country’s capital markets. Jeong highlighted the economic hurdles […]
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