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Situated in East Asia, South Korea, formally recognized as the Republic of Korea, is distinguished for its rich history, culture, and technological prowess. With its capital, Seoul, nestled in the north, this nation of 51 million people thrives economically, supported by its advancements in various sectors.
South Korea emerges as a prominent player in the realm of Korean cryptocurrency, marrying innovation with stringent regulations. Stay updated on South Korean crypto regulations, dive deep into recent Korean crypto happenings such as CBDC research and the evolving landscape of crypto exchanges in the region. From legislative moves to market trends, here’s your one-stop for all South Korean crypto insights.
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The largest South Korean political party wants the Korean to fast-track KRW stablecoins, taking a page from the Trump Administration’s recent moves to establish a stablecoin bill. According to a report from local media Edaily, lawmakers from the South Korean…
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NXPC, the native token of Nexpace, the blockchain arm of South Korean video game developer Nexon, is set to be listed on Binance Alpha and other tier-1 exchanges. In a May 14 announcement, Binance said that NXPC will be available…
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South Korea’s central bank said it should have legal authority over the approval of won-based stablecoins, warning they could disrupt monetary policy if treated like legal tender. The Bank of Korea, South Korea‘s central bank, said monetary authorities must be…
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PENGU continued its rally for the second day, after securing a listing on South Korean crypto exchange Upbit. According to data from crypto.news, Pudgy Penguins (PENGU) over 23% to hit an intraday high of $0.015 on May 9, marking a…
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Pudgy Penguins
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Korea’s crypto outflows hit nearly 57 trillion won in Q1, with stablecoins making up almost half as users move funds to overseas exchanges. Almost half of the cryptocurrencies sent abroad from South Korea’s major crypto exchanges in Q1 were dollar-based…
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LINE NEXT and stablecoin issuer Tether will bring USDT payments and rewards to new users in Asia through LINE Messenger and Kaia blockchain. Stablecoin giant Tether (USDT) has rolled out its USDT stablecoin on the Kaia blockchain, expanding its reach…
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Tether
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South Korean politician Lee Jae-myung has vowed to approve spot cryptocurrency exchange-traded funds and create a safer investment environment for young investors if elected president. Lee, who is the Democratic Party’s presidential candidate, has rolled out a set of crypto-friendly…
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With an estimated 16 million cryptocurrency investors representing 36% of South Korea’s voting population, presidential candidates are aggressively courting the crypto community ahead of the June 3 election. According to a report by Point Daily, crypto voters’ political significance has…
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South Korea’s People Power Party announced seven major law changes to improve their virtual asset ecosystem. One of them is a plan to launch spot Bitcoin ETF within this year. According to a report by local media Edaily, the People’s…
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A South Korean lawmaker accused Bithumb of using dark patterns to charge users higher fees than advertised. Cryptocurrency exchange Bithumb earned more than 140 billion won (nearly $97.6 million) in extra fees by using unclear processes that misled users, The…
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Bithumb has issued a security warning to its Korean users following a significant data leak at SK Telecom, South Korea’s largest mobile carrier. South Korea‘s cryptocurrency exchange Bithumb has alerted its customers after a data breach at SK Telecom, the…
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KakaoBank, a South Korean digital bank serving over 22 million users, is teaming up with Coinone to offer a new crypto price tracking feature. KakaoBank, South Korea‘s mobile banking application with dozens of millions of users, has expanded its services…
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“South Korean cryptocurrency exchange Bithumb appears to be restructuring its investment and holding units as it plans to conduct a long-awaited initial public offering. Crypto exchange Bithumb will separate its holding and investment business into a new company this summer…
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New data shows over 30% of South Korea’s wealthy investors prefer crypto for long-term value growth, outpacing interest in gold or property. South Korean investors — especially the younger crowd — are leaning harder into crypto, and a new report…
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South Korean candidate Hong Joon-pyo says he’ll scrap crypto rules like U.S. President Donald Trump did, aiming to make blockchain a key industry. South Korean presidential candidate Hong Joon-pyo says he’ll remove crypto regulations similar to how they were rolled…
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KuCoin, along with MEXC and 12 other crypto exchanges, have been removed from Apple’s App Store in South Korea for operating without registration. According to an April 14 report from South Korea’s Financial Services Commission, Apple began blocking access to…
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