In a major move to combat illicit financial activity within the cryptocurrency industry, South Korea is implementing stricter anti-money laundering (AML) regulations. The government’s strategy involves expanding its […]
South Korea Tightens Crypto AML Rules with Sub-$680 Transfer Requirement
South Korea is implementing a significant crackdown on cryptocurrency money laundering, targeting transactions below 1 million won (about $680). This move comes in response to the growing use […]
South Korea Enforces Cryptocurrency Travel Rule, Impacting Market Liquidity
South Korea’s Financial Services Commission (FSC) has significantly expanded its cryptocurrency regulatory framework by extending the
South Korean Police Alleged to Be Involved in $1.86 Billion Cryptocurrency Money Laundering Scheme
Two South Korean police officers are facing accusations of participating in a massive cryptocurrency money laundering scheme involving over $1.86 billion (2.496 trillion Korean Won). Prosecutors allege the […]
South Korea Tightens Crypto Regulations: Smaller Transfers Subject to New Rules
South Korea is making a significant move in its cryptocurrency regulation by expanding the crypto Travel Rule to encompass transactions valued at $724 or less. This shift marks […]
Senior Korean Police Indicted in Crypto Voice-Phishing Scheme
Two senior South Korean police officers and five civilians have been indicted for their alleged roles in a large-scale cryptocurrency money laundering operation linked to voice phishing networks. […]
Qilin Ransomware Group Hits South Korean IT Firm in Major Data Breach
A major data breach has affected GJTec, a prominent South Korean IT service provider, after Qilin ransomware was deployed in a supply chain attack. The attack resulted in […]
South Korean Altcoin Surge Follows Upbit Withdrawal Halt
The recent withdrawal halt on Upbit, a major South Korean cryptocurrency exchange, has triggered a surge in the prices of altcoins, particularly among retail investors. This unusual price […]
South Korea on Track to Legalize Tokenized Stocks, Paving Way for Bitcoin ETFs
South Korea is poised to make a significant move towards financial innovation with the imminent approval of legislation allowing the trading of tokenised stocks in unlisted companies. The […]
KakaoBank to Launch Korean Won Stablecoin in 2025
KakaoBank, a leading financial institution in South Korea, is set to launch a Korean won-backed stablecoin by 2025. Driven by robust leadership and strategic collaboration with regulatory bodies, […]
KakaoBank Launches Korean Won-Pegged Stablecoin Development
KakaoBank has taken a decisive step towards entering the digital finance sector by initiating development of a Korean won-pegged stablecoin. This move positions KakaoBank to compete with rivals […]
Naver Acquires Upbit Operator Dunamu in $10.3 Billion Stock Deal
South Korean tech giant Naver has announced plans to acquire Dunamu, the operator of cryptocurrency exchange Upbit, in a stock-for-stock transaction valued at approximately 15.1 trillion won ($10.3 […]
KakaoBank Deepens Crypto Push with Stablecoin Development
KakaoBank, a leading digital bank in South Korea, is making concrete progress on its stablecoin project. The bank recently launched a search for blockchain developers to support its […]
Naver Financial Merges with Dunamu, Launching Stablecoin Wallet in South Korea
Naver Financial and Dunamu have announced their strategic merger, which is expected to reshape South Korea’s digital asset landscape. The combined entity will launch a stablecoin wallet following […]
Naver Financial and Dunamu Merge to Launch Stablecoin Wallet in South Korea
Naver Financial and Dunamu, two leading Korean financial companies, are merging to develop a new stablecoin wallet for South Korea. The merger is expected to result in a […]