South Korea Financial Regulator Proposes Consumer Protection Rules for Crypto Users
[Dec 11, 2023 10:33 AM] The rules are scheduled to take affect on July 19 next year.
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South Korea excludes NFTs, CBDCs from crypto interest mandate
[Dec 11, 2023 2:14 AM] Users who deposit digital assets to exchanges in South Korea will be eligible to receive interest on their deposits.
Report: Terraform Labs Co-Founder Do Kwon to Be Extradited to the US
[Dec 7, 2023 4:00 PM] Terraform Labs’ co-founder, Do Kwon, is on the brink of extradition to the United States from Montenegro. This development follows a decisive ruling by a high court and the endorsement from a top official. According to The Wall Street…
Italy and South Korea central banks agree on CBDC cooperation
[Dec 5, 2023 7:43 AM] The central banks of Italy and South Korea announced a memorandum of understanding in the development and deployment of their respective CBDCs.
South Korean financial authorities solicit reports on unlicensed crypto exchanges
[Dec 4, 2023 2:38 AM] Financial regulators in South Korea have opened a window of time for people to come forward and report any unlicensed cryptocurrency exchanges operating in the country.
Do Kwon Faces Extradition Dilemma: Montenegro’s Justice Minister to Decide Between US and South Korea
[Nov 24, 2023 8:30 AM] In a decision by the Podgorica High Court, ex-Terraform Labs chief executive Do Hyeong Kwon (Do Kwon) is set to be extradited following his four-month incarceration in Montenegro for fabricating travel papers. The extradition bids originate from…
South Korea to Pilot CBDC With 100,000 Citizens in 2024: Report
[Nov 23, 2023 4:18 AM] The Bank of Korea sees a CBDC as a potential answer to problems with existing government-issued grant systems, such as during the COVID-19 pandemic or childcare vouchers.
South Korea to invite 100K citizens to test CBDC in 2024
[Nov 23, 2023 3:06 AM] Participants will be restricted to using the CBDC only for payment, without an option to store, exchange or send it to other users.
US regulators continue to discuss crypto: Law Decoded, Nov. 13–20
[Nov 20, 2023 3:00 PM] Elizabeth Warren continues pressing for tighter regulation, and Vivek Ramaswamy promises to defend crypto from the government’s overreach if elected.
South Korea’s Crypto Premiums Roar Back, Bitcoin Trades Nearly $1,300 Above Global Average
[Nov 18, 2023 5:00 PM] Recent data reveals the crypto economy has experienced notable growth over the past month, with a substantial portion of its trading activity originating from South Korea. As an illustration, on Saturday, November 18, 2023, the Korean won accounted…
South Korea’s National Pension Service Dives Into Crypto With $20M Coinbase Investment
[Nov 17, 2023 3:00 AM] Regulatory filings with the U.S. Securities and Exchange Commission (SEC) reveal that the National Pension Service of South Korea acquired 282,673 Coinbase Global shares in 2023’s third quarter. This transaction, valued at approximately $20…
South Korea’s pension fund bags 280K Coinbase shares: SEC data
[Nov 16, 2023 3:01 AM] South Korea’s National Pension Service, one of the world’s largest pension funds, invested $20 million in Coinbase in Q3 of 2023.
South Korea's Pension Fund Bought $20M Coinbase Shares in Q3, Made 40% Profit: Report
[Nov 15, 2023 11:30 PM] The fund snapped up COIN at an average price of $70.5 in the third quarter, achieving a 40% profit from investment.
Democratic Party of South Korea mandates parliamentary candidates disclose crypto holdings
[Nov 14, 2023 3:30 AM] The disclosure will be a part of the party’s effort to show the “high moral standards” of its candidates.
Crypto Exchange Bithumb Plans South Korea IPO in Second-Half 2025: Report
[Nov 13, 2023 4:10 AM] Bithumb is aiming to close the market-share gap with fellow exchange Upbit, which has over 80% of the South Korean market.
South Korean Crypto Exchange Bithumb Eyes IPO in Move to Challenge Upbit’s Market Dominance
[Nov 12, 2023 5:00 PM] Local reports suggest that Bithumb, a prominent crypto exchange in South Korea, is contemplating a public listing in 2025. Insider information indicates that Bithumb is considering a debut on Kosdaq and might transition to the Korea Exchange…
South Korean telco to launch Web3 wallet with Aptos and Atomrigs Lab
[Nov 7, 2023 12:29 AM] SK Telecom aims to expand its “affiliations with customer-preferred mainnets and decentralized applications (dApps)” using this tripartite agreement with the blockchain companies.
Daniel Shin Blames Terraform Collapse on Do Kwon's Management: Report
[Oct 31, 2023 4:52 AM] Shin is attempting to distance himself from Terra and Kwon as he faces trial in South Korea.
TikTok, Snapchat, OnlyFans and others to combat AI-generated child abuse content
[Oct 31, 2023 4:08 AM] Major social platforms, AI companies, governments and NGOs issued a joint statement pledging to combat AI-generated abusive content, such as explicit images of children.
Terraform co-founder Shin blames protocol for collapse during trial in S. Korea
[Oct 30, 2023 1:24 PM] Daniel Shin claimed he and Do Kwon parted ways before the collapse of the Terra/Luna ecosystem was imminent and that he had nothing to do with it.
South Koreans Fascinated With Altcoins More Than Americans, Research Shows
[Oct 28, 2023 4:30 AM] South Korean crypto traders are more inclined to invest in high-risk, high-reward altcoins than their American counterparts, according to a new report. The share of major cryptocurrencies like bitcoin and ethereum in the trading volumes on the…
Bitcoin Skyrockets, Yet South Korea Experiences a ‘Kimchi Discount’ Instead of the Usual Premium
South Korean Investors Prefer Altcoins to Majors, Tron to Ethereum: DeSpread Research
[Oct 27, 2023 3:30 AM] Koreans trade differently to the rest of the world, market data shows.
South Korean Crypto Exchange Upbit Obtains Regulatory Approval in Singapore
[Oct 18, 2023 5:30 AM] Leading South Korean crypto exchange Upbit has been granted regulatory approval by Singapore’s main financial regulator. The authorization will allow the trading platform to provide regulated services in the Southeast Asian city-state which has…
Korean Giant SK Telecom Releases Crypto Wallet With CryptoQuant as Partner
[Oct 18, 2023 5:11 AM] The wallet will feature on-chain data analysis tools that may inform users' market decisions.
South Korean regulator outlines steps to enhance digital asset legislation
[Oct 17, 2023 2:30 PM] The Virtual Asset Users Protection Act was passed in June without a sufficient regulatory framework, the head of South Korea’s Financial Supervisory Service said.
Sui Foundation Calls Report of Supply Manipulation 'Materially False'
[Oct 17, 2023 11:58 AM] SUI, the native token of the blockchain that was built by former Meta (META) employees, has tumbled by 5% on Tuesday after the community raised concerns over whether the team had been selling staking rewards on Binance.
Upbit Deflected 879 Hacking Attempts per Day in First Half of the Year
[Oct 9, 2023 5:42 AM] The exchange is immensely popular in the country and is known for attracting speculative rallies.
Bank of Korea to start CBDC infrastructure pilot
[Oct 4, 2023 3:48 AM] The pilot will include private banks and public institutions, while the Bank for International Settlements (BIS) will provide expert technical support.
Bankrupt CeFi firm Haru Invest hints at asset recovery
[Oct 2, 2023 9:07 AM] No specific timeline was given as to when users can receive their money back.