South Korean cryptocurrency exchange Upbit has temporarily halted deposits and withdrawals of Stacks (STX) tokens due to ongoing network congestion on the Stacks blockchain. This action is in […]
Bitcoin Trades at 1.55% Kimchi Premium in South Korea: May 24
On May 24, Bitcoin’s price on South Korea’s Upbit exchange was recorded at 152.35 million KRW, a drop of 1.62% from the previous day. This translates to a […]
South Korean Presidential Election: Key Changes Impacting the Global Crypto Market
A significant shift in South Korea’s political landscape looms as voters choose their next leader on June 3rd. This election has far-reaching implications for the global crypto market, […]
South Korea Tightens Crypto Rules for Exchanges & Nonprofits Starting June
Starting June, South Korea will enforce stricter KYC rules for crypto exchanges and nonprofits, aiming to enhance transparency and control of assets. The Financial Services Commission (FSC) mandates […]
Citi Predicts Lower USD/KRW as US-South Korea Talks Advance
Citi’s latest Forex forecast suggests a lower value for the USD/KRW pair, citing positive implications from anticipated talks on currency provisions between the US and South Korea. These […]
South Korea’s Lee Jae-myung Advocates for Protection of Cryptocurrency Market
South Korean political candidate Lee Jae-myung has highlighted the growing significance of cryptocurrencies within the nation’s financial landscape. In his recent campaign speech, he underscored the need for […]
South Korea Tightens Crypto Rules Amidst Pro-Crypto Elections
Ahead of a closely watched presidential election, the South Korean government is tightening rules for cryptocurrencies, particularly regarding institutional investments. The country’s Financial Services Commission (FSC) is implementing […]
South Korea Implements New Crypto Regulation Guidelines by 2025
South Korea is preparing to launch new cryptocurrency regulations in June 2025, aiming to foster a more transparent and structured crypto market ahead of increased institutional investment. The […]
South Korean Civil Servant Jailed for 5 Years After Crypto Embezzlement
A South Korean civil servant has been sentenced to five years in prison after being found guilty of embezzling public funds to invest in cryptocurrency. The case highlights […]
South Korea’s Central Bank Gears Up for Digital Currency Talks with Major Banks
The world of finance is witnessing a rapid transformation, with central banks at the forefront of exploring new frontiers in digital currency. In anticipation of these developments, South […]
South Korea Proposes Stablecoin for K-pop and Webtoon Transactions
A new proposal from the Democratic Party of Korea (DPK) aims to revolutionize digital transactions in South Korea, specifically focusing on the popular K-pop and webtoon industries. The […]
South Korea Tightens Crypto Scrutiny with KYC Rules Amidst Increased Institutional Involvement
South Korea’s Financial Services Commission (FSC) has implemented stricter Know-Your-Customer (KYC) rules for cryptocurrency platforms in a move to combat money laundering risks. The new directive compels exchanges […]
South Korea Opens Door for Crypto Sales with New Regulations
South Korea is set to introduce new regulations allowing specific entities, including non-profit organizations and registered exchanges, to sell crypto assets starting June 2025. This move marks a […]
South Korea Tightens Cryptocurrency Rules as Institutional Investors Near
Ahead of the anticipated influx of institutional investors, South Korea is implementing stricter regulations for its burgeoning cryptocurrency market. The Financial Services Commission (FSC) has introduced new guidelines […]
South Korea Prepares for U.S. Tariff Deadline, Unveiling New Export Measures
As a looming deadline for U.S. tariffs approaches on July 8th, South Korea is implementing measures to mitigate the impact on its export-driven economy. The nation’s Finance Minister […]