The South Korean Financial Services Commission (FSC) is introducing stricter customer verification procedures for both non-profit organizations and cryptocurrency exchanges starting in June. This new regulation will permit […]
Lee Jae-myung Proposes Won-Pegged Stablecoin for Enhanced South Korean Financial Sovereignty
South Korea’s presidential candidate, Lee Jae-myung, has unveiled a proposal to develop a won-pegged stablecoin as a means of bolstering national financial autonomy. The proposal, which aims to […]
South Korea’s Presidential Candidate Proposes Won-Based Stablecoin for Financial Sovereignty
South Korean presidential candidate Lee Jae-myung has proposed a plan to introduce a won-based stablecoin, aiming to bolster the nation’s financial independence. This proposal comes in response to […]
South Korean Presidential Candidate Proposes Won-Back Stablecoin to Combat Outflows
In a bid to strengthen national financial sovereignty and prevent capital outflows, South Korea’s Democratic Party leader Lee Jae-myung has proposed the creation of a stablecoin linked to […]
Bithumb Makes Strides Back in South Korea’s Crypto Market
South Korea’s crypto landscape is experiencing a shift as Bithumb retakes market share from Upbit, currently dominating the scene. According to Bloomberg data, Bithumb has surged to capture […]
South Korean Cryptocurrency Trading Soars to New Heights, Reaches $968.5 Billion
South Korea’s cryptocurrency market has experienced a remarkable surge in activity during the latter half of 2024. Data from the Financial Services Commission (FSC) reveals trading volume exceeding […]
South Korea Raises Concerns Over Stablecoin Risks Amidst Surge in Transfers
The Bank of Korea has flagged potential risks to monetary policy posed by stablecoins, highlighting their impact on the financial system. Nearly half of cryptocurrency transactions departing from […]
STMX Designated as Closely Monitored Asset on Upbit & Bithumb, Impact for Traders
South Korea’s crypto exchanges Upbit and Bithumb have designated the StormX (STMX) token as a closely monitored asset, leading to deposit suspensions. This action highlights increasing regulatory scrutiny […]
Crypto Market Boasts 1%+ Kimchi Premium in South Korea on May 19
South Korean crypto traders saw a notable price surge for Bitcoin and other altcoins on May 19th, resulting in a 1% premium known as the ‘Kimchi Premium’. According […]
South Korean Woman Jailed for Two Years After Stealing $500,000 from Boyfriend
A South Korean woman has been sentenced to two years in prison for stealing over $500,000 worth of digital assets from her boyfriend. The accused woman, in her […]
XRP Claims Top Spot on Upbit, Surpassing Bitcoin in South Korean Trading Volumes
Upbit, South Korea’s largest cryptocurrency exchange, has witnessed a significant shift as XRP surpassed both Bitcoin and Ethereum to become the most traded token. In the past 24 […]
Bitcoin & Altcoins Trade with 1.4% Premium in South Korea on May 18
On May 18th, Bitcoin and altcoins experienced a price premium of over 1.3% on South Korean exchanges. This upward trend reflects the prevailing market sentiment surrounding cryptocurrencies, particularly […]
XRP Dominates South Korean Cryptocurrency Market Again
XRP has taken the top spot in the South Korean cryptocurrency market once again, exceeding trading volumes of $445 million on Upbit, the country’s largest exchange, for the […]
Bitcoin Premium Surges in South Korea, Reaching 0.72% on May 17
South Korean cryptocurrency exchange Upbit reveals Bitcoin trading at a premium of 0.72% as of May 17th, reaching a price point of 146.18 million KRW. This increase of […]
South Korea’s Pension Fund Could Explore Crypto Investment: Campaign Promises
A significant development emerges from the South Korean presidential campaign. If elected, candidate Lee Jae-myung envisions the National Pension Service (NPS) potentially investing in cryptocurrencies under a regulatory […]