1 / 12 Relevant items tagged with #SouthKorea

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South Korea to Trial CBDC With 100,000 Users and 7 Banks

[Mar 19 5:30 AM] South Korea’s CBDC pilot will involve seven major banks issuing deposit tokens, enabling 100,000 participants to make digital payments at top retailers like 7-Eleven, Hyundai Home Shopping, and Kyobo Bookstore. South Korea’s CBDC Pilot to Test…

South Korea Dismisses Establishing Strategic Bitcoin Reserve

[Mar 17 1:23 PM] Bitcoin Magazine South Korea Dismisses Establishing Strategic Bitcoin Reserve The Bank of Korea (BOK) has dismissed the possibility of establishing a strategic bitcoin reserve, citing concerns over price volatility and risks. This comes despite…

South Korea Opens Door to Institutional Crypto Investment

[Mar 13 4:20 AM] South Korea is shifting its stance on crypto, moving towards a more open approach by lifting its ban on institutional crypto trading.The Financial Services Commission (FSC) will release crypto investment guidelines, with staggered timelines for…

South Korea’s Bitcoin Premium Outpaces Global Markets

[Feb 10 4:45 PM] As bitcoin maintains its orbit just north of $97,000 globally, South Korea’s digital currency enthusiasts are navigating a stratospheric valuation of $101,479 per unit—a celestial discrepancy rooted in local dynamics. South Korea’s Crypto Fever…

Korea Exchange Chief Pushes for Crypto ETFs to Boost Markets

[Feb 10 4:30 AM] South Korea must embrace cryptocurrency ETFs now to stay ahead, says the Korea Exchange chairman, calling them a game-changer for market growth and financial innovation. Crypto ETFs Are the Future: Korea Exchange Chairman Pushes for Approval Jung…

Upbit Under Fire: South Korean Regulator Orders Halt on New Users

[Jan 16 5:30 PM] The South Korean Financial Intelligence Unit (FIU) has ordered Upbit to temporarily halt services for new users after finding numerous violations of the Specific Financial Transaction Information Act. South Korean Crypto Industry Watches Upbit Case…