Tag: South Korea
All news related to Asian country South Korea
Exclusive Bank Ties for Crypto Exchanges Face Scrutiny in South Korea
Reading Time: < 1 minuteSouth Korea is considering a major shift in crypto market rules by reviewing the requirement for exchanges to partner with only one bank.
South Korea Refers Three to Prosecutors in $102M Crypto-Laundering Case
Reading Time: < 1 minuteSouth Korean customs authorities have busted an alleged international money laundering ring that processed nearly 149 billion won ($101.7 million) using cryptocurrency and domestic banks.
New Legal Framework for Tokenized Securities Passes in South Korea
Reading Time: < 1 minuteSouth Korea has approved a bill to create a legal structure for security token offerings.
DAXA Warns Against Proposed Caps on Crypto Exchange Ownership
Reading Time: < 1 minuteA major South Korean digital asset alliance has criticized the government’s consideration of imposing ownership limits on cryptocurrency exchanges.
South Korea Proposes 5% Equity Cap for Company Crypto Holdings
Reading Time: < 1 minuteCorporate cryptocurrency investments in South Korea may soon be restricted to 5% of equity capital.
South Korea Postpones Crypto Legislation Amid Stablecoin Debate
Reading Time: < 1 minuteSouth Korean legislators have reportedly postponed the submission of a comprehensive digital asset bill, which includes provisions for domestic stablecoins, due to unresolved critical issues.
South Korean Lawmaker’s Alleged Pressure on Crypto Exchange Draws Scrutiny
Reading Time: < 1 minuteA South Korean lawmaker is under scrutiny following allegations that he sought to pressure a major cryptocurrency exchange after his son obtained a job at a competing platform.
South Korea Moves to Close Crypto Reporting Loophole for Small Transfers
Reading Time: < 1 minuteSouth Korea is set to expand its cryptocurrency monitoring to include transfers below 1 million won, targeting a regulatory gap exploited for moving illicit funds.
South Korea’s Ruling Party Sets Dec. 10 Deadline for Stalled Stablecoin Bill
Reading Time: < 1 minuteSouth Korea’s ruling Democratic Party has issued a final ultimatum to financial regulators, demanding a government proposal on stablecoin regulation by December 10.
Suspicions Point to Lazarus Group in New $30 Million Upbit Crypto Hack
Reading Time: < 1 minuteNorth Korea’s Lazarus Group is the prime suspect in a new $30.4 million hack targeting Upbit, South Korea’s largest cryptocurrency exchange.
Upbit Pledges Full User Reimbursement Following $37M Crypto Theft
Reading Time: < 1 minuteIn the wake of a $37 million hack targeting assets on the Solana network, Upbit has guaranteed that no customer will bear financial losses, promising to use its own reserve funds for compensation.
Naver Consolidates Power with $10.3B Acquisition of Crypto Giant Dunamu
Reading Time: < 1 minuteNaver Financial is set to acquire Dunamu, the operator of the dominant Upbit cryptocurrency exchange, in an all-stock transaction valued at approximately $10.3 billion (15.1 trillion won).
FIU Methodically Moves to Sanction Korean Crypto Giants for AML Breaches
Reading Time: < 1 minuteIn a methodical enforcement push, South Korea’s Financial Intelligence Unit (FIU) is advancing a series of sanctions against domestic cryptocurrency exchanges for anti-money laundering failures.
Regulatory Green Light: Binance’s Gopax Takeover Approved After US Settlement
Reading Time: < 1 minuteSouth Korean regulators have given Binance the approval it needed to formally take over local crypto exchange Gopax.
Crypto Firms in South Korea to Gain Tax Breaks, Funding with New Venture Status
Reading Time: < 1 minuteA major regulatory shift is set to provide South Korea’s crypto industry with significant financial benefits.
South Korea Imposes Strict 20% Cap on Crypto Lending Rates
Reading Time: < 1 minuteSouth Korea’s Financial Services Commission (FSC) has banned leveraged crypto loans and capped lending interest rates at 20%.
South Korea Halts Crypto Lending Pending New Regulations
Reading Time: < 1 minuteSouth Korea’s Financial Services Commission (FSC) has instructed cryptocurrency exchanges to suspend lending services until official guidelines are established.
KakaoBank Prepares to Launch Stablecoin Services as South Korea Warms to Crypto
Reading Time: < 1 minuteKakaoBank, the digital banking arm of South Korean tech giant Kakao Corp., is positioning itself to become a major player in the stablecoin market.
South Korea Moves to Shield Crypto Investors from High-Risk Loans
Reading Time: < 1 minuteAlarmed by the rise of high-leverage crypto lending, South Korean regulators are stepping in with new investor protection rules expected next month.
South Korea’s Central Bank Doubles Down on Crypto with New Stablecoin Division
Reading Time: < 1 minuteThe Bank of Korea (BOK) is stepping up its crypto game—launching a dedicated virtual asset division to oversee the market and draft regulations.
South Korea Aims to Reverse 2018 Crypto Exclusion from Startup Benefits
Reading Time: < 1 minuteSouth Korea is reconsidering its 2018 classification of crypto firms by proposing to let virtual asset trading and brokerage providers register as official “venture companies”—a designation that grants tax breaks and government support.
South Korea Puts CBDC on Hold as Government Pushes Stablecoins
Reading Time: < 1 minuteSouth Korea’s central bank has suspended its digital currency trials as the government shifts focus toward embracing private stablecoins.
BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision and South Korea Strategy
Reading Time: 3 minutesVictoria, Seychelles, 27th June 2025, Chainwire
South Korea’s Central Bank Advocates Gradual Stablecoin Adoption
Reading Time: < 1 minuteThe Bank of Korea (BOK) supports a phased approach to stablecoin issuance, with banks leading the rollout before expanding to other sectors.
South Korea to Probe Crypto Exchange Fees in Bid to Lower Trading Costs
Reading Time: < 1 minuteSouth Korea’s Financial Services Commission (FSC) is set to investigate transaction fees charged by domestic cryptocurrency exchanges, as part of efforts to reduce costs for traders, local media reported.
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