Fireblocks partners with South Korean bank on VAT tokenization
[Nov 13, 2024 9:39 PM] Fireblocks extends its services with the tokenization of tax refunds through NongHyup Bank.
3 / 13 Relevant items tagged with #SouthKorea
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South Korean Police Arrest 215 in Suspected $232M Crypto Investment Scam Investigation: Yonhap
[Nov 13, 2024 9:07 AM] The scheme promised 20x returns through investing in tokens that in reality had little value.
Dogecoin Craze Grips Korea, Fuels Price Premium on Local Giants Upbit and Bithumb
[Nov 13, 2024 7:00 AM] DOGE's price has surged 78% since Trump's election win a week ago.
Bitcoin Premium in South Korea Rises: A Bullish Signal or Just Regional Dynamics?
Korea to Regulate Crypto Cross-Border Trade Next Year
[Oct 26, 2024 3:30 AM] On Friday, South Korea’s finance ministry announced plans to regulate cross-border transactions of virtual assets, including cryptocurrency, starting in the second half of 2025. The new regulations will mandate that businesses engaged in…
South Korea to ramp up oversight of cross-border crypto transactions: Report
[Oct 25, 2024 5:42 AM] South Korea’s finance minister, Choi Sang-Mok, said the country will introduce reporting mandates on cross-border crypto transactions to combat foreign exchange crime.
Montenegro halts Do Kwon’s extradition again ahead of appeal ruling
[Oct 18, 2024 8:06 PM] Do Kwon’s extradition has been delayed again, to the surprise of the Justice Ministry.
Bitcoin Trades Below Global Prices In South Korea, Erasing Long-Standing ‘Kimchi Premium’ – Here’s Why
[Oct 18, 2024 2:00 AM] Bitcoin (BTC) is trading slightly lower in South Korea compared to the global cryptocurrency markets due to a reverse ‘kimchi premium,’ not seen since October 2023. Reverse ‘Kimchi Premium’ Makes Bitcoin Cheaper In South Korea According to a repor
South Korean Upbit crypto exchange faces monopoly probe
[Oct 10, 2024 12:43 PM] South Korea’s FSC will reportedly investigate Upbit’s relationship with its bank partner K-Bank before the latter’s IPO, which is expected in late October.
South Korean Lawmakers Call for Full Investigation Into KOK Token Crash
[Oct 10, 2024 8:30 AM] Two South Korean lawmakers have called for a full investigation into the KOK token after its value collapsed to almost zero. Victims have accused Korea’s largest newspaper of promoting the scam, sparking concerns about its role. The alleged…
Compass Mining Partners With Mindshift to Expand Bitcoin Mining in South Korea
[Oct 9, 2024 8:30 PM] Compass Mining has announced a partnership with Mindshift, a licensed digital asset service provider in South Korea, to extend bitcoin mining services to the region. The collaboration aims to address challenges like high electricity costs while…
South Korea plans to regulate cross-border stablecoin transactions
[Oct 8, 2024 1:30 PM] South Korea’s Financial Services Commission plans to consult with other jurisdictions, including Japan and the EU, on stablecoin rules.
Korean Exchange Bithumb Eyes Nasdaq Listing After Shelving KOSDAQ IPO Plans
[Oct 1, 2024 8:30 AM] Bithumb, one of South Korea’s largest cryptocurrency exchanges, is considering a listing on the U.S. Nasdaq exchange after shelving its initial plans for an IPO on the South Korean KOSDAQ market. The decision was discussed during a shareholder…
Bitcoin Price in South Korea Sees Largest Discount Since October 2023
[Sep 30, 2024 7:45 PM] According to recent data, the premium for bitcoin in South Korea briefly turned into a discount last week, a rarity since October 2023. While the premium quickly bounced back, it’s still hovering just below 1%. Bitcoin Sees Steep Discount in…
Crypto Exchange Bithumb Weighs U.S. Nasdaq Listing: Report
[Sep 30, 2024 10:30 AM] Late last year, the South Korean cryptocurrency exchange was reported to be considering listing its shares on Kosdaq.
Worldcoin and Tools for Humanity Fined in South Korea
[Sep 27, 2024 8:30 AM] Worldcoin, the biometric identification project, and its parent company, Tools For Humanity (TFH), have been fined by the Personal Information Protection Commission (PIPC), South Korea’s data protection agency, for violating the Personal…
South Korea fines Worldcoin for violating personal protection laws
[Sep 26, 2024 12:15 PM] Despite the regulatory hurdles, the project’s WLD token surged 35% this week, from $1.60 on Sept. 19 to $2.16 on Sept. 26.
South Korean foundation to recover funds from defunct crypto exchanges
[Sep 25, 2024 4:53 PM] The Digital Asset User Protection Foundation will be set up by the DAXA self-regulatory organization and receive support from financial authorities.
Bitcoin's South Korea Discount Hits Highest Since October 2023
[Sep 25, 2024 11:07 AM] The bitcoin price discount on Korean exchanges relative to offshore venues is the steepest since October 2023, according to CryptoQuant.
Blockchain adoption in Asia Pacific will expand into SMEs — Blockdaemon
[Sep 19, 2024 11:44 AM] Blockdaemon executive Andrew Vranjes said that tax regulations and the lack of uniform regulations across jurisdictions hold back institutions from adopting blockchain.
South Korea, Hong Kong Lead Crypto Market Growth in East Asia
[Sep 19, 2024 3:30 AM] East Asia’s cryptocurrency market is experiencing significant growth, driven by institutional adoption in South Korea and Hong Kong, according to a report by blockchain analytics firm Chainalysis. South Korea leads with $130 billion in…
South Korean Regulator Unveils Plan to Inspect Crypto Exchanges for Illegal Practices
[Sep 5, 2024 3:30 AM] South Korea’s financial regulator, the Financial Supervisory Service (FSS), will inspect crypto exchanges to identify illegal practices following stricter regulations under the Virtual Asset Users Protection Act. The review aims to ensure…
South Korea to inspect crypto exchanges for suspicious transactions
[Sep 4, 2024 12:17 PM] South Korea’s FSS is set to enforce stricter regulations on crypto exchanges, with possible legal repercussions for noncompliance.
Mt. Gox Wouldn't Have Happened With Modern Tools, Mark Karpeles Says
[Sep 4, 2024 9:41 AM]
South Korea Investigates Telegram Over Deepfake Crime Allegations
[Sep 4, 2024 6:30 AM] South Korean police are investigating Telegram for allegedly facilitating deepfake sex crimes. They plan to work with French investigators following the detention of Telegram founder Pavel Durov in France for similar investigations. “Telegram…
Yonsei University Joins Ripple’s UBRI to Advance Blockchain Research in South Korea
[Sep 3, 2024 2:30 PM] Yonsei University in South Korea has joined Ripple’s University Blockchain Research Initiative (UBRI), becoming the 58th global partner and the 12th in the Asia Pacific region. This partnership aims to drive innovation in blockchain research…
South Korea joins global crackdown on Telegram, cites deepfakes
[Sep 3, 2024 10:46 AM] South Korea has joined the growing list of global jurisdictions, launching a probe against Telegram over illicit content dissemination.
Indonesia and South Korea Sign New Local Currency Agreement to Boost Trade
[Sep 1, 2024 1:30 AM] Bank Indonesia, the Bank of Korea, and South Korea’s Ministry of Economy and Finance have introduced a local currency transaction framework to boost bilateral trade using the rupiah and won. This initiative aims to reduce exchange rate risk…
South Korea’s Bitcoin Premium Persists Amid Market Volatility
[Aug 31, 2024 9:55 PM] Despite recent turbulence in the crypto market, bitcoin’s price continues to carry a premium in South Korea. As of 4 p.m. EDT, bitcoin is trading at $59,002 per unit, but in South Korea, the exchange rate hits $59,900, reflecting a 1.52%…
Chiliz blockchain and ‘Google of South Korea’ partner on crypto wallet
[Aug 30, 2024 5:58 AM] South Korean internet search giant Naver is launching a non-custodial crypto wallet, adding the Chiliz blockchain as its first.