Tether executives have initiated a strategic push in Asia by meeting with top-tier South Korean commercial banks. These discussions could lead to the development of a Tether South […]
Won-Backed Stablecoin: Dunamu’s Giwa Chain Launch to Drive South Korean Digital Finance
Dunamu, the operator of South Korea’s leading cryptocurrency exchange Upbit, has unveiled a groundbreaking plan that could reshape the country’s digital finance landscape. The company announced a new […]
Rumours Circulate of Upbit Developing Its Own Blockchain Network ‘GIWA’
South Korean cryptocurrency exchange Upbit, owned by Dunamu, is reportedly developing its own blockchain network, according to recent trademark filings. These filings, which cover a range of blockchain […]
Why Global Exchange Listings Are Key for South Korea’s Stablecoin Success
South Korea is looking to introduce KRW-pegged stablecoins, digital units tied to the Korean won (KRW), as a stable alternative to volatile cryptocurrencies. However, political hurdles are slowing […]
South Korea Pushes for ICO Resurgence, Chinese Firm’s RWA Mystery Ignites Debate
South Korea is seeking to reintroduce Initial Coin Offerings (ICOs) into its financial landscape. A draft bill proposed by lawmaker Lee Kang-il aims to establish a regulatory framework […]
South Korean Investors Shift from Tech Giants to Ethereum-Related Stocks
Korean retail investors are transitioning away from traditional tech giants like Tesla and Alphabet towards investments in Ethereum-based stocks, according to data from the Korea Securities Depository. This […]
Tether Explores Won-Based Stablecoin in South Korea
Tether, the company behind the popular stablecoin USDT, has taken a significant step forward with its exploration of a won-based stablecoin in South Korea. This move signals a […]
South Korea Tightens Real Estate Regulations with Virtual Asset Disclosure
The South Korean government has updated its real estate regulations, mandating that individuals disclose proceeds from virtual asset sales when buying property. The revised rules, developed by the […]
South Korea Mandates Crypto Disclosure in Real Estate Transactions
In a move aimed at increasing transparency and combating illicit activity, South Korea has implemented new regulations requiring full disclosure of cryptocurrency proceeds used for real estate purchases. […]
South Korean Banks Show Interest in Digital Currency Subsidy Test
Six major South Korean banks, including KB Kookmin, Shinhan, Hana, Woori, NH Nonghyup, and the Industrial Bank of Korea, are exploring participation in a digital currency subsidy pilot […]
South Korea Ponders Granting Stablecoin Issuance Rights to Consortiums
South Korea’s government is exploring a unique approach to stablecoin regulation. The National Policy Planning Committee has proposed granting authority to issue Korean won-denominated stablecoins to consortia formed […]
South Korea Tests Digital Currencies for Subsidies: Revolutionizing Aid Distribution
South Korea is pioneering a groundbreaking pilot program that could revolutionize how government aid reaches citizens. By exploring the use of a digital currency, this initiative aims to […]
South Korea Unveils Plan to Launch Won-Pegged Stablecoin
South Korea’s government is taking a bold step towards shaping the future of digital finance. A new proposal envisions issuing a stablecoin pegged to the Korean won, combining […]
South Korea Tightens Crypto Lending Rules, Caps Rates at 20%
South Korea’s Financial Services Commission (FSC) has introduced new rules aimed at curbing crypto lending practices and protecting retail traders. The measures include a maximum interest rate cap […]
South Korea Implements Stricter Rules for Crypto Lending Platforms
South Korea’s Financial Services Commission (FSC) has introduced new regulations for crypto lending platforms, aimed at enhancing consumer protection and boosting market transparency. These rules come into effect […]