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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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On Mar. 17, 2025, the Bank of Korea made the first comment about the possibility of adding Bitcoin to its reserves. According to the statement, the central bank of the Republic of Korea is not interested in acquiring Bitcoin, and…
BTC
Bitcoin
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Wemix Foundation CEO addressed the late announcement of Feb. 28 security breach and announced full services resumption on Mar. 21. In a press conference held on Mar. 17, Wemix Foundation (WEMIX) CEO Kim Seok-hwan addressed the delayed announcement of the…
WEMIX
WEMIX
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South Korea has no plans to incorporate Bitcoin in its foreign exchange reserves, according to the country’s central bank. On Mar. 16, local media outlet Yonhap reported that officials from the Bank of Korea ruled out adding Bitcoin (BTC) to…
BTC
Bitcoin
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South Korea’s financial watchdog has committed to issuing clear rules for institutional crypto investment, with a phased rollout starting in April. South Korea‘s Financial Services Commission is moving forward with plans to allow institutional investors into the crypto market, with…
News
South Korea’s central bank is reportedly set to launch a real transaction test for its central bank digital currency this month, involving 100,000 consumers and seven banks. South Korea is set to begin real-world testing of its CBDC in March,…
News
ELX crypto surged by as high as 68% in the past 24 hours of trading ahead of a listing on South Korean crypto exchange Bithumb. According to data from CoinGecko, Elixir’s (ELX) rallied to an all-time high of $0.726 on…
News
South Korea’s Financial Intelligence Unit wants to strengthen anti-money laundering measures, specifically by enhancing ways to monitor crypto transactions. On March 5, the FIU revealed a number of strategies to prevent money laundering at the AML Inspection Trustee Council, according…
News
The Seoul Southern District Prosecutors’ Office has launched a formal joint investigation unit that exclusively tackles crypto-related crimes and fraud cases. According to a report by Aju News, the department is named the Seoul Southern District Prosecutors’ Office-run Joint Investigation…
News
Police in Jeju, South Korea, are investigating the murder of a Chinese national believed to have been killed during a cryptocurrency transaction. Jeju West Police Station announced that four Chinese nationals—two women and two men, including one in his 60s…
News
South Korean crypto exchange Upbit faces a three-month suspension on new user transfers following violations of local regulations. One of the largest Korean crypto exchanges Upbit has been hit with a three-month suspension on new user transfers by the the…
News
South Korea’s Supreme Court has sided with lower courts in deciding that TerraUSD and LUNA do not meet the criteria for financial investment products. Korea‘s Supreme Court has ruled that the collapsed stablecoin TerraUSD (USTC) and its sister token Terra…
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South Korea’s Financial Services Commission will soon make a decision on sanctions against Upbit, the country’s largest cryptocurrency exchange, following lapses in customer identity verifications. Upbit crypto exchange, which controls more than 70% of the local crypto market, has been…
News
South Korea plans to gradually allow corporations to begin trading crypto, according to the latest announcement by the Financial Services Commission. On Feb. 13, the SFC released a press release in which it outlined a phased lift on a ban…
News
Former South Korean lawmaker known for the Coin Gate scandal, Kim Nam-guk, has been declared ‘not guilty’ of all charges by court. According to a report from local media News1, a Seoul Southern District Court judge found Kim “not guilty”…
News
Litecoin’s price surged on Feb. 10, breaking out of its recent consolidation phase, as optimism around the potential approval of a spot LTC ETF this year continues to remain strong. Litecoin (LTC) rallied over 10% to an intraday high of…
News
South Korea should introduce cryptocurrency exchange-traded funds to stay competitive in global finance, according to the chairman of the Korea Exchange (KRX). In a recent interview in Seoul, chairman Jung Eun-bo stressed that with South Korea being the “third-largest real…
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