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South Korea’s top banks unite for Won-pegged stablecoin launch: report
Interest in a won-linked stablecoin is growing in South Korea, and the country’s largest commercial banks are joining forces to issue one through a joint initiative. According to a June 25 report from local media Economic Review, eight of South… дальше »
2025-6-25 10:31 | |
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South Korean regulators push crypto ETF plan to power up local market
South Korea’s top financial watchdog is taking steps to bring spot crypto ETFs and stablecoin regulation into the mainstream as part of a broader plan to modernize the country’s digital asset market. According to a June 19 report by local… дальше »
2025-6-20 09:11 | |
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Tencent reopens talks to acquire South Korea’s Nexon, a game developer exploring blockchain
Chinese tech giant Tencent is reportedly considering an acquisition of South Korean game developer Nexon. A Bloomberg report citing unnamed sources claimed that Tencent has approached the family of Nexon’s late founder, Kim Jung-ju, to explore a potential deal. While… дальше »
2025-6-13 09:44 | |
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South Korean Democrats want to accelerate KRW stablecoin rollout
The largest South Korean political party wants the Korean to fast-track KRW stablecoins, taking a page from the Trump Administration’s recent moves to establish a stablecoin bill. According to a report from local media Edaily, lawmakers from the South Korean… дальше »
2025-5-26 11:18 | |
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Bank of Korea urges authority over won-based stablecoin issuance: report
South Korea’s central bank said it should have legal authority over the approval of won-based stablecoins, warning they could disrupt monetary policy if treated like legal tender. The Bank of Korea, South Korea‘s central bank, said monetary authorities must be… дальше »
2025-5-13 14:48 | |
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South Korean presidential candidates court 16 million crypto investors ahead of June election: report
With an estimated 16 million cryptocurrency investors representing 36% of South Korea’s voting population, presidential candidates are aggressively courting the crypto community ahead of the June 3 election. дальше »
2025-5-5 14:00 | |
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South Korea to allow trading for spot Bitcoin ETF this year
South Korea’s People Power Party announced seven major law changes to improve their virtual asset ecosystem. One of them is a plan to launch spot Bitcoin ETF within this year. According to a report by local media Edaily, the People’s… дальше »
2025-4-29 10:40 | |
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Korean mobile bank KakaoBank teams up with Coinone for real-time Bitcoin price tracking: report
KakaoBank, a South Korean digital bank serving over 22 million users, is teaming up with Coinone to offer a new crypto price tracking feature. KakaoBank, South Korea‘s mobile banking application with dozens of millions of users, has expanded its services… дальше »
2025-4-23 13:50 | |
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Over 30% of wealthy Koreans prefer crypto as a long-term wealth strategy
New data shows over 30% of South Korea’s wealthy investors prefer crypto for long-term value growth, outpacing interest in gold or property. South Korean investors — especially the younger crowd — are leaning harder into crypto, and a new report… дальше »
2025-4-22 14:45 | |
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Apple blocks KuCoin, MEXC, and 14 other crypto exchanges in South Korea
KuCoin, along with MEXC and 12 other crypto exchanges, have been removed from Apple’s App Store in South Korea for operating without registration. According to an April 14 report from South Korea’s Financial Services Commission, Apple began blocking access to… дальше »
2025-4-15 09:33 | |
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Bithumb’s net profit explodes 565% with revenue nearly tripling in 2024: report
After a turbulent 2023, Bithumb posted a 565% increase in net profit in 2024, aided by market recovery and improved investor sentiment. South Korean cryptocurrency exchange Bithumb successfully returned to profitability last year, with revenue increasing by 265.4% year-over-year, News1… дальше »
2025-3-31 13:54 | |
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South Korea sees crypto investors top 16 million: report
According to data submitted to Rep. Cha Gyu-geun of the Rebuilding Korea Party, South Korea’s cryptocurrency investors reached 16. 29 million as of February. This figure represents nearly 32% of the country’s population. дальше »
2025-3-31 19:00 | |
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Several hundred South Korean officials hold crypto assets worth a total of 14.4b Korean won
Out of the 2,047 South Korean public officials who submitted asset declaration, 20% reported to owning crypto assets. Seoul City Councilor Kim Hye-young held the largest amount with 1. 7 billion KRW. дальше »
2025-3-27 10:33 | |
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Korean prosecutors raid Bithumb over alleged funds misuse in ex-CEO’s property deal: report
Bithumb is reportedly under investigation by Korean prosecutors for allegedly using company money to support the former CEO’s apartment purchase. South Korean prosecutors have reportedly raided the headquarters of cryptocurrency exchange Bithumb over allegations that the company’s funds were used… дальше »
2025-3-20 14:05 | |
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Bank of Korea to begin CBDC test for 100,000 consumers: report
South Korea’s central bank is reportedly set to launch a real transaction test for its central bank digital currency this month, involving 100,000 consumers and seven banks. South Korea is set to begin real-world testing of its CBDC in March,… дальше »
2025-3-11 11:01 | |
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South Korea launches official crypto crime prosecution unit
The Seoul Southern District Prosecutors’ Office has launched a formal joint investigation unit that exclusively tackles crypto-related crimes and fraud cases. According to a report by Aju News, the department is named the Seoul Southern District Prosecutors’ Office-run Joint Investigation… дальше »
2025-2-28 12:15 | |
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South Africa’s DeFi sector to reach $180 million by 2028, the study finds
While Africa is often seen as the cradle of crypto adoption, the largest economy on the continent, South Africa, is one of the leading countries in the region in terms of crypto adoption and regulation. The new report published by… дальше »
2025-2-27 13:11 | |
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South African public firm Altvest Capital seeks $10m to adopt Bitcoin as treasury asset: report
The Johannesburg-headquartered Altvest Capital is seeking regulatory approval to raise $10 million, to make Bitcoin its primary reserve asset. Altvest Capital is planning to become the first listed company in Africa to adopt Bitcoin (BTC) as its primary treasury reserve… дальше »
2025-2-21 13:33 | |
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Hong Kong to focus on tokenization and stablecoins moving forward
Hong Kong will prioritize tokenization and stablecoins in boosting the country’s web3 ecosystem, says Financial Services Secretary, Christopher Hui. According to a South China Morning Post report, Hong Kong Secretary for Financial Services and the Treasury Christopher Hui Ching-yu considers… дальше »
2025-2-19 13:24 | |
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Korea’s Supreme Court rules failed TerraUSD and LUNA not financial investment products: report
South Korea’s Supreme Court has sided with lower courts in deciding that TerraUSD and LUNA do not meet the criteria for financial investment products. Korea‘s Supreme Court has ruled that the collapsed stablecoin TerraUSD (USTC) and its sister token Terra… дальше »
2025-2-19 10:36 | |
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South Korean ‘Coin Gate’ lawmaker cleared of all charges
Former South Korean lawmaker known for the Coin Gate scandal, Kim Nam-guk, has been declared ‘not guilty’ of all charges by court. According to a report from local media News1, a Seoul Southern District Court judge found Kim “not guilty”… дальше »
2025-2-11 13:42 | |
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South Korean P2P CEO accused of using client funds to buy crypto
The CEO of a major South Korean P2P lender has been accused of using funds for a construction project to make personal crypto purchases. According to a report by local media outlet NBN Media, an unnamed investor and private equity… дальше »
2025-1-30 11:49 | |
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South Korea arrests six Chinese suspects over alleged $690k Tether heist: report
Six Chinese nationals were arrested in Jeju, South Korea, for allegedly assaulting a dealer and stealing $689,000 during a stablecoin exchange. Authorities in Jeju Island, South Korea‘s largest island, have arrested six Chinese nationals for allegedly stealing 1 billion won… дальше »
2025-1-20 10:41 | |
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South Korea to draft next crypto regulation bill by year-end: report
South Korea kicks off talks on the second phase of crypto regulations, focusing on stablecoins and user protection, with a draft expected by mid-2025. South Korea‘s financial regulator, the Financial Services Commission, has officially started working on the second phase… дальше »
2025-1-15 11:30 | |
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Bithumb adopts Kookmin Bank as new partner bank starting March 2025
Bithumb, South Korea’s second largest crypto exchange, is dropping NongHyup Bank in favor of Kookmin Bank as part of its efforts to tap into the mainstream market. According to a report by The Korea Times on Jan. 13, Bithumb will… дальше »
2025-1-14 15:12 | |
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South Korea to allow institutional investors to trade crypto: report
South Korea considers easing restrictions on corporate crypto trading, with plans to gradually issue real-name accounts to institutional investors. South Korea is set to allow corporations to invest in cryptocurrencies as the Financial Services Commission is considering a gradual approach… дальше »
2025-1-9 14:01 | |
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Ripple overtakes Ethereum as second-most preferred token in South Korea: report
A recent survey shows that while Bitcoin remains the most preferred crypto among South Korean investors, Ripple has surpassed Ethereum in popularity. Bitcoin (BTC) remains the favorite cryptocurrency among South Korean investors, while XRP (XRP) has surpassed Ethereum (ETH) in… дальше »
2025-1-7 13:54 | |
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China tightens grip on crypto with new foreign exchange rules
China has rolled out new regulations to identify and control risky foreign exchange activities, including those involving cryptocurrencies, the South China Morning Post reported. According to the report, China’s State Administration of Foreign Exchange recently directed banks to monitor and report suspicious transactions tied to cross-border gambling, underground financial networks, and unauthorized crypto dealings. дальше »
2025-1-2 22:13 | |
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Montenegro court dismisses Terra’s Do Kwon extradition appeal: report
Montenegro’s Constitutional Court has rejected an appeal by crypto mogul Do Kwon, paving the way for a decision on his extradition to either the U.S. or South Korea. Do Kwon, founder of Terraform Labs, has lost his appeal in Montenegro’s… дальше »
2024-12-26 13:58 | |
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Report shows a third of South Koreans now own crypto with this coin in focus
Over 30% of South Koreans now invest in crypto, with 15. 59M holders in November. Crypto trading volume in South Korea now rivals stock markets, with daily trades hitting 14. 9 trillion won. iDEGEN, an AI-powered coin that has raised $8. дальше »
2024-12-26 13:00 | |
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One in three Koreans now own crypto, Bank of Korea says
A new report shows that more than 30% of the South Korean population holds crypto, with investors now holding over 100 trillion won in assets. South Korea‘s crypto market is rapidly booming as the number of investors reached 15.59 million… дальше »
2024-12-26 11:34 | |
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South Korea, US team up to craft new strategies against North Korean crypto heists: report
Efforts to counter cryptocurrency thefts allegedly linked to North Korea are gaining momentum as the US and South Korea collaborate to track stolen digital assets and curb malicious activity. According to reports, the partnership aims to develop tools to combat crypto-related crimes tied to North Korean hackers, who have reportedly stolen nearly $1.6 billion worth […] дальше »
2024-12-24 16:12 | |
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South Korea, US team up to craft new strategies against North Korean crypto heists: report
The U.S. and South Korea have reportedly partnered to develop tools aimed at countering North Korea-linked crypto thefts and tracking billions of dollars in stolen digital assets. The United States and South Korea are said to be working together to… дальше »
2024-12-23 11:50 | |
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South Korean watchdog probes Coinone after MOVE price soared x46k times: report
South Korea’s financial watchdog is investigating the Coinone crypto exchange over Movement’s token sharp price swings, raising concerns over potential unfair trading. A major investigation is underway into Korean crypto exchange Coinone after the price of the Movement (MOVE) token… дальше »
2024-12-12 12:42 | |
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Bybit will not support yuan trading but allows Chinese users with VPN
Bybit CEO Ben Zhou said that mainland Chinese users can use a virtual private network to trade crypto on the platform, though it will not support yuan trading any time soon. According to a report by South China Morning Post,… дальше »
2024-12-4 15:35 | |
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Long-time stakeholder in Upbit’s parent seeks exit just day after South Korea lifts martial law: report
Woori Technology, a long-time shareholder in Dunamu, parent company of crypto exchange Upbit, plans to exit after nine years, following a failed coup in South Korea. Woori Technology Investment, a South Korean venture capital firm, is reportedly planning to sell… дальше »
2024-12-4 14:51 | |
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South Korean FSC dismiss plans to build Bitcoin reserve ‘for the time being’
The South Korean FSC remains cautious of digital assets in the wake of domestic calls for a Bitcoin reserve after the U.S takes a bullish stance on crypto. According to a news report from South Korean news outlet Newsprime, Chairman… дальше »
2024-11-26 10:51 | |
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Upbit license renewal on hold after authorities uncover 500k suspected KYC violations
South Korea’s Financial Intelligence Unit reportedly found 500,000 to 600,000 potential KYC violations on Upbit, the largest crypto exchange in the nation. KYC violations of this scale could lead to fines and possible license renewal issues. According to a report… дальше »
2024-11-16 14:42 | |
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Korbit partners with Coinbase to host Base Chain in South Korea
South Korean crypto exchange Korbit has partnered with Coinbase to bring Base Chain onto the platform. Now, users can perform Base Chain deposits and withdrawals directly on Korbit. According to a Business Korea report published on Nov. 8, Korbit has… дальше »
2024-11-8 14:04 | |
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South Korea’s Cryptocurrency Market Sees Rapid Growth With Surge In Trading And Stablecoin Use
In the first half of 2024, the number of cryptocurrency investors in South Korea soared to 7.78 million, marking a 21% increase from the latter half of 2023, according to an official report. The average daily trading volume also saw a dramatic rise, jumping from $2.61 billion to an impressive […] дальше »
2024-11-1 02:17 | |
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Korean crypto investors reach 7.8m amid 27% market cap increase: report
South Korea’s crypto market skyrocketed in the first half of 2024, with 7.8 million investors and daily trading volumes rising by 67% to $4.4 billion. Korea’s crypto market has seen a significant expansion in the first half of 2024, driven… дальше »
2024-10-31 09:54 | |
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Circle CEO predicts stablecoins will play major role in Hong Kong trade
CEO of Circle, Jeremy Allaire, says stablecoins will become a critical part of Hong Kong’s trade settlements as the region transitions into more Web3 territory. According to an Oct. 30 report on South China Morning Post, Jeremy Allaire said Circle(cUSDC)… дальше »
2024-10-30 16:33 | |
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South Korea to regulate cross-border crypto trades by 2025
South Korean authorities are preparing to regulate cross-border digital asset transactions beginning in late 2025, according to an Oct. 25 report by Reuters. The Ministry of Finance announced that the new regulations will require registration and reporting for businesses in Korea involved in cross-border crypto trades. дальше »
2024-10-25 18:10 | |
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South Korea to monitor cross-border trades with crypto
South Korean authorities will impose regulations on cross-border crypto transactions, requiring businesses to register and report from mid-2025. South Korea plans to implement regulations governing cross-border transactions of virtual assets, including cryptocurrencies, with new registration and reporting requirements set to… дальше »
2024-10-25 10:48 | |
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