Tag: South Korea

South Korea plans to make strict rules for crypto exchanges, holding them to the same standards as banks to protect customers

Naver is preparing a major push into digital finance with plans for its fintech arm, Naver Financial, to acquire Upbit. 

South Korea is getting ready to set rules for stablecoins with the FSC planning to submit a bill to the National Assembly in October

The move reflects growing interest in stablecoin within the country, following a surge in crypto-related political support.

More than a quarter of South Koreans aged 20 to 50 now own digital assets, with crypto making up 14% of their total financial portfolios.

Lee Jae-myung has placed crypto policy at the center of his campaign amid South Korea's June 3 presidential election.

South Korea is ramping up its efforts to police the crypto industry by extending its crackdown on unregistered foreign exchanges.

South Korea is witnessing an unprecedented surge in cryptocurrency adoption, with the number of crypto exchange users surpassing 16 million.

South Korea central bank has made it clear that Bitcoin will not be considered for inclusion in its foreign exchange reserves.

Ripple Labs forced a strategic partnership with BDACS, a local digital asset custody provider to expand its presence in South Korea.

Upbit has been slapped with a three-month partial business suspension by the country’s FIU, temporarily restricting new user transactions.

Former South Korean President Yoon Suk Yeol has been arrested  following a controversial attempt to impose martial law last month.

In a historic development, the Seoul Western District Court has issued an arrest warrant for South Korea President Yoon Suk Yeol.

The South Korean government has taken a bold move to curb North Korea’s escalating crypto hackers involvement in the digital economy

South Korea is witnessing an extraordinary surge in crypto adoption with one in three of its population now an investor

South Korea retail crypto trading volumes surged to $18 billion within 24 hours, outpacing the nation’s stock market by 22%.

South Korea Democratic Party (KDP) has agreed to postpone the introduction of a crypto gains tax by another two years.

Delio has officially been declared bankrupt following a tumultuous year marked by halted withdrawals and escalating financial woes.