2025-6-25 10:31 |
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… origin »
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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…
2025-6-20 09:11 | |
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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…
2025-6-13 09:44 | |
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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…
2025-5-26 11:18 | |
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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…
2025-5-13 14:48 | |
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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.
2025-5-5 14:00 | |
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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…
2025-4-29 10:40 | |
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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…
2025-4-23 13:50 | |
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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…
2025-4-22 14:45 | |
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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…
2025-4-15 09:33 | |
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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…
2025-3-31 13:54 | |
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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.
2025-3-31 19:00 | |
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Recent report reveals that XRP is very popular asset in South Korea
2025-3-27 17:06 | |
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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.
2025-3-27 10:33 | |
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Investigation centers on claims that Bithumb helped a former CEO finance an apartment
2025-3-20 15:12 | |
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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…
2025-3-20 14:05 | |
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Update March 20, 10:50 am UTC: This article has been updated to add a Wu Blockchain report on Bithumb listings, claiming that multiple crypto projects paid intermediary fees to have their tokens listed.
2025-3-20 13:34 | |
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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,…
2025-3-11 11:01 | |
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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…
2025-2-28 12:15 | |
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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…
2025-2-27 13:11 | |
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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…
2025-2-21 13:33 | |
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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…
2025-2-19 13:24 | |
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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…
2025-2-19 10:36 | |
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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”…
2025-2-11 13:42 | |
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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…
2025-1-30 11:49 | |
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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…
2025-1-20 10:41 | |
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Crypto exchange Upbit could face sanctions from South Korean authorities for not complying with money laundering obligations.
2025-1-17 16:28 | |
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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…
2025-1-15 11:30 | |
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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…
2025-1-14 15:12 | |
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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…
2025-1-9 14:01 | |
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South Korean traders rank XRP more than Ethereum
2025-1-8 16:48 | |
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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…
2025-1-7 13:54 | |
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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.
2025-1-7 08:52 | |
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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.
2025-1-2 22:13 | |
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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…
2024-12-26 13:58 | |
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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.
2024-12-26 13:00 | |
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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…
2024-12-26 11:34 | |
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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 […]
2024-12-24 16:12 | |
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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…
2024-12-23 11:50 | |
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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…
2024-12-12 12:42 | |
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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,…
2024-12-4 15:35 | |
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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…
2024-12-4 14:51 | |
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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…
2024-11-26 10:51 | |
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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…
2024-11-16 14:42 | |
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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…
2024-11-8 14:04 | |
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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 […]
2024-11-1 02:17 | |
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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…
2024-10-31 09:54 | |
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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)…
2024-10-30 16:33 | |
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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.
2024-10-25 18:10 | |
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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…
2024-10-25 10:48 | |
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A new framework would allow trading, custody, and approved coins. Banks must follow strict KYC, AML, and CNV regulations. High inflation has pushed people toward Bitcoin and stablecoins. Argentina is preparing for a major shift in how its financial system treats digital assets, with regulators working on a plan that could allow banks to offer […] The post Argentina moves to reshape crypto rules as banks prepare for Bitcoin services appeared first on CoinJournal.
Western Union is building a stablecoin-backed prepaid card targeting countries with high inflation rates. The money transfer giant plans to offer the product in markets where local currency depreciation erodes purchasing power, CFO Matthew Cagwin told the UBS Global Technology…
CNN is leaning into live prediction markets with Kalshi.
Russia’s crypto strategy may move from shadow use to state-regulated access as pressure from global sanctions mounts.
UPay, a global crypto payment card provider, has entered a strategic partnership with StraitsX, a Singapore-based stablecoin-native settlement layer, aiming to build foundational financial infrastructure that supports everyday stablecoin payments worldwide.
Stablecoins will be officially recognised as a payment method starting January 1, 2026, in Uzbekistan as part of a broader effort to modernise the country’s financial landscape. Sandbox to test stablecoins and tokenised assets The Uzbekistan government has established a regulatory sandbox under the supervision of the National Agency for Perspective Projects, working closely with […]
With the legal framework still undecided, banks and tech firms are quietly laying the foundation for South Korea’s stablecoin future.