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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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Latest South Korea News
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Moo Deng and Bonk are expected to be in the spotlight this week as Bitcoin bulls attempt to push the bellwether asset toward a new all-time high. The total cryptocurrency market capitalization rebounded 3.5% over the past 24 hours to…
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Biggest exchange in South Korea is planning to launch its own stablecoin, backed by local currency.
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South Korea’s central bank digital currency project has been put on hold as the regulators turn their attention to fast-tracking the issuance of won-backed stablecoins. According to a Bloomberg report citing an unnamed Bank of Korea official, the central bank…
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South Korean equities have surged following President Lee Jae-myung’s pledge to permit cryptocurrency assets backed by the won. This has driven intense interest among retail investors in companies associated with digital currency projects. The benchmark Kospi Composite index has gained…
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Shares of Kakaopay dropped sharply after volatile trading as regulators warn of risks tied to widespread stablecoin adoption. Shares of South Korean digital payments firm Kakaopay tumbled as much as 17% on June 27 after trading resumed Thursday, following a…
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South Korean police have seized up to 4.4 billion won worth of cryptocurrency held by a group of illegal crypto exchange operators profiting off of user platform fees. According to a news report from Yonhap, the authorities raided a syndicate…
ETH
Ethereum
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Gaming blockchain Oasys officially announces their South Korean arm, expanding its operations into the East Asian region with a planned second phase. In a recent press release, the Animoca Brands-backed firm has established its new arm in order to expand…
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Interest in a won-linked stablecoin is growing in South Korea, and the country’s largest commercial banks are joining forces to issue one through a joint initiative. According to a June 25 report from local media Economic Review, eight of South…
USDT
Tether
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South Korea’s top financial watchdog is taking steps to bring spot crypto ETFs and stablecoin regulation into the mainstream as part of a broader plan to modernize the country’s digital asset market. According to a June 19 report by local…
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South Korea’s FSC will conduct an investigation into transaction fees charged by local crypto exchanges, marking the first concrete step toward President Lee Jae-myung’s pledge to ease cost burdens for young traders. On June 19, South Korea’s Financial Services Commission…
BTC
Bitcoin
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Alchemy Pay has partnered with Backed to launch tokenized stocks and ETFs on its RWA platform, allowing non-U.S. users in 170+ countries invest in top global equities and ETFs in their local fiat currencies. Alchemy Pay, the leading fiat-crypto payment…
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South Korea’s Democratic Party has formally proposed the Digital Asset Basic Act, introducing a stablecoin licensing regime and expanded oversight under President Lee Jae-myung’s administration. During a June 10 press conference, lawmaker Min Byeong-deok announced the bill’s submission, calling it…
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Singaporean meme coin-focused startup MemeCore is planning to enter the Korean market by purchasing an company listed on the Kosdaq stock exchange. According to a recent press release from the company, the layer 1 blockchain project declared that it is…
TRUMP
Official Trump
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The new South Korea president Lee Jae-myung was recently elected after gaining nearly 50% of the votes. Here are a few of Lee’s campaign trail promises regarding crypto advancements in the region. According to Reuters, Lee won the electoral race…
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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…
