South Korea is facing an uncertain future for its local stablecoin regulations as disagreements between regulators on banks’ role in issuance have stalled progress. The Bank of Korea […]
South Korea Declines Expanded Central Bank Powers in Stablecoin Regulation
In a significant move, South Korea’s Financial Services Commission (FSC) has rejected expanding the Bank of Korea’s authority over stablecoins. This decision signals a potential shift in digital […]
South Korea Tightens Crypto Regulation with New Sanctions on Exchanges
South Korea is enacting stricter measures to regulate its rapidly growing virtual asset market. The Korean Financial Intelligence Unit (FIU), which has completed inspections of major exchanges such […]
South Korea Prepares for STO Launch with Legislative Reforms
South Korea is taking significant steps towards embracing tokenized securities (STOs) by making key legislative changes. The National Assembly’s Political Affairs Committee Bill Review Subcommittee recently approved amendments […]
South Korea Imposes Heavy Fines on Crypto Exchanges, Disrupts Market Activities
Major South Korean cryptocurrency exchanges are facing hefty fines and operational suspensions after failing to meet AML and KYC compliance standards. The Financial Intelligence Unit (FIU), responsible for […]
South Korea’s FIU Set to Impose Sanctions on Crypto Exchanges
South Korea’s Financial Intelligence Unit (FIU) is preparing to impose further sanctions on domestic cryptocurrency exchanges, following its landmark penalties against Dunamu, the operator of Upbit. The FIU […]
South Korean Crypto Exchanges Face Significant Penalties for AML Violations
Major crypto exchanges in South Korea are facing harsh penalties following a crackdown by the Financial Intelligence Unit (FIU). The FIU’s investigation uncovered significant Anti-Money Laundering (AML) compliance […]
South Korea’s Virtual Asset Market Set for Revolution: 3 Key Regulatory Overhauls
South Korea is poised for a major transformation of its cryptocurrency market. Recent discussions among regulators reveal significant changes ahead for trading and competition. This groundbreaking move could […]
Naver and Dunamu Announce Groundbreaking Merger: Reshaping the South Korean Cryptocurrency Landscape
South Korea is poised for a seismic shift in its cryptocurrency landscape, with Naver and Dunamu, the powerhouse behind Upbit exchange, set to merge through a strategic stock […]
South Korea, Malaysia, Indonesia Cooperate to Develop Crypto Regulations
Regulators from South Korea, Malaysia, and Indonesia have joined forces to develop comprehensive regulatory plans for the crypto market. The focus of these efforts centers on taxation, investor […]
Upbit Denies 50,000 KRW Bitcoin Offer for New Members
Rumors have surfaced that Upbit, a prominent South Korean cryptocurrency exchange, is providing new members with $50,000 KRW worth of Bitcoin as a promotion. However, Upbit has denied […]
South Korea Expedites Stablecoin Oversight for Enhanced Crypto Security
South Korea’s Financial Services Commission (FSC) is taking bold action to bolster its cryptocurrency framework by accelerating the implementation of stablecoin regulations. Chairman Lee Eog-weon announced plans to […]
South Korea’s Won Stablecoin: A Balancing Act Between Innovation and Risk
A debate rages in South Korea over the potential of a won stablecoin, a digital currency pegged to the Korean Won. While economists acknowledge the benefits of this […]
South Korea’s Cryptocurrency Tax: Fourth Delay Sparks Uncertainty for Investors
The South Korean cryptocurrency market faces a fresh wave of uncertainty as the government’s planned tax implementation continues to face delays, raising concerns about regulatory clarity and investor […]
South Korean Validator a41 Shuts Down After Three Years, Raising Questions About the Future of Blockchain Infrastructure
A sudden closure in the South Korean blockchain industry has sent shockwaves through the crypto community. South Korean validator firm a41, backed by major conglomerate SK Group, announced […]