Tag: South Korea
All news related to Asian country South Korea
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.
South Korean Government Advances Crypto ETF Plans in Policy Shift
Reading Time: < 1 minuteSouth Korea’s financial regulator has taken a major step toward approving spot crypto ETFs, submitting a detailed roadmap to the presidential policy committee.
South Korea’s New Crypto Bill Paves Way for Regulated Stablecoins
Reading Time: < 1 minuteSouth Korea’s government is pushing forward with legislation to legalize domestically issued stablecoins, marking a major step in President Lee Jae-myung’s pro-crypto agenda.
Pro-Crypto Leader Lee Jae-myung Wins South Korean Presidency in Landslide
Reading Time: < 1 minuteIn a historic election marked by high turnout, South Korea’s Democratic Party leader Lee Jae-myung secured the presidency with 49% of the vote, defeating conservative opponent Kim Moon-soo.
South Korea Strengthens Crypto Regulations Before Institutional Entry
Reading Time: < 1 minuteSouth Korea is tightening its regulations on digital asset transactions in anticipation of institutional participation in its crypto market.
South Korea Introduces Stricter KYC Requirements for Crypto exchanges
Reading Time: < 1 minuteSouth Korea has announced enhanced know-your-customer (KYC) requirements for crypto exchanges and banks to tighten security for new institutional clients.
South Korea’s Democratic Party Leader Advocates for Won-Based Stablecoin to Curb Capital Outflows
Reading Time: < 1 minuteLee Jae-myung, leader of South Korea’s Democratic Party, has suggested creating a stablecoin linked to the Korean won to prevent capital outflows and enhance financial sovereignty.
South Korea’s Regulator Bans Access to 14 Crypto Exchanges
Reading Time: < 1 minuteSouth Korea is intensifying its crackdown on unregistered crypto platforms.
South Korea’s Crypto Exchange Users Exceed 16 Million
Reading Time: < 1 minuteSouth Korea’s crypto market has reached a significant milestone.
South Korea’s Regulator Imposes a Three-month Restriction on Upbit
Reading Time: < 1 minuteThe Financial Intelligence Unit (FIU) of South Korea has temporarily restricted new customer transactions on the cryptocurrency exchange Upbit by issuing a partial business suspension.
South Korea’s Kimchi Premium Reaches a 10-month High
Reading Time: < 1 minuteThe kimchi premium for Bitcoin in South Korea reached its highest level in 10 months as the price on local exchanges remained stable amidst a larger crypto market decline.
30% of South Korea’s Users Have Invested in Crypto
Reading Time: < 1 minuteThe Bank of Korea has recently announced that there were more than 15.59 million domestic investors in crypto assets, which accounts for over 30% of the country’s population.
BYDFi Joins CODE VASP, Advancing Regulatory Efforts in Korea
Reading Time: 2 minutesSeychelles, Seychelles, 16th December 2024, Chainwire
South Korea Delays Crypto Tax Implementation to 2027
Reading Time: < 1 minuteSouth Korean lawmakers have reached an agreement to postpone the implementation of a crypto tax until January 2027.
South Korea Plans to Regulate Cross-Border Crypto Transactions
Reading Time: < 1 minuteThe finance ministry of South Korea has announced plans to implement regulations on the trading of virtual assets across borders, such as cryptocurrency.
South Korean Firms SK and Hana Join Forces with BitGo
Reading Time: < 1 minuteDigital asset custody company BitGo has announced the addition of South Korea’s top telecommunications company SK Telecom and leading financial institution Hana Financial as major shareholders and strategic partners of its regional branch.
South Korea’s Pension Fund Purchases $33.7M in MicroStrategy Shares
Reading Time: < 1 minuteThe world’s third-largest pension fund, South Korea’s National Pension Service, bought $33.7 million worth of shares from MicroStrategy in the second quarter of this year.
Do Kwon’s Extradition to South Korea is Put Off Again
Reading Time: < 1 minuteThe extradition of Do Kwon, former CEO of Terraform Lab, to South Korea has faced yet another setback.
South Korea Launches New System to Control Crypto Fraud
Reading Time: < 1 minuteThe Financial Supervisory Service of South Korea has announced the development of a new 24-hour surveillance system in collaboration with local exchanges.
Montenegro Confirms Do Kwon Will Be Extradited to South Korea
Reading Time: < 1 minuteDo Kwon is facing extradition to South Korea.
Montenegro’s Court Rejects Do Kwon’s Appeal to Avoid Extradition to South Korea
Reading Time: < 1 minuteAn appeals court in Montenegro has denied Do Kwon, co-founder of Terraform Labs, an appeal that would have prevented his extradition to South Korea.
US Prosecutors Will Challenge Do Kwon’s Extradition
Reading Time: < 1 minuteThe United States government is contesting the latest decision by the high court in Montenegro to extradite Do Kwon, the former CEO of Terraform Labs, to South Korea.
Do Kwon Will Be Extradited to South Korea
Reading Time: < 1 minuteAccording to the Vijesti news outlet, Do Kwon, co-founder of Terraform Labs (TFL), will be extradited to South Korea per the decision of the High Court of Montenegro.
Bithumb Becomes Most Popular Exchange in South Korea
Reading Time: < 1 minuteAccording to data from Kaiko, Bithumb has emerged as the top player in the South Korean crypto market, handling up to 72% of digital asset transactions.
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