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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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South Korea has seen cryptocurrency-based overseas remittances climb 380% in the past three years, outpacing growth in traditional bank transfers as financial institutions increase their focus on blockchain-powered payment services. According to a SBS Biz report, remittances processed through South…
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Bithumb to list Canton (CC) in its KRW market as weak indicators meet fresh protocol updates and wider institutional backing in South Korea.
CC
Canton
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The Bank of Korea and participating banks have discussed operating deposit tokens on a continuous basis with the goal of establishing conditions for a formal rollout, according to briefing materials submitted by the Korea Federation of Banks to the office…
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South Korea has expanded plans for its financial regulatory sandbox to include digital asset related laws, opening the door for a wider range of blockchain and fintech services to seek regulatory exemptions. According to local media, South Korea’s Financial Services…
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Toss Bank signed an MOU with the Solana Foundation to test Solana-based remittances and review stablecoin use in overseas payments in Seoul.
SOL
Solana
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South Korea has begun considering rules that could allow fintech firms, not just cryptocurrency exchanges, to participate in a new licensing regime for cross-border digital asset transfers scheduled to take effect in December. Officials from relevant government agencies and industry…
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Upbit will list PEAQ, LIT, KMNO, MORPHO, GRAM, LDO, PAXG, OSMO and AMP in BTC and USDT markets on June 19.
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South Korean authorities have dismantled an alleged cryptocurrency laundering operation that moved 16.8 billion won ($11.1 million) through USDT transactions and exchange transfers on behalf of a Cambodia-based phishing syndicate. According to local news outlet Newsis, the Seoul Metropolitan Police…
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SPX6900 rose as Upbit and Bithumb announced Korean market listings, while Bithumb also opened KRW trading for Spacecoin.
SPX
SPX6900
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Andreessen Horowitz, commonly known as a16z, has opened a Seoul office and designated South Korea as a strategic base for its expansion across Asia, with crypto set to be the firm’s first area of focus. According to a Chosun report,…
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South Korea’s tax authorities are preparing to treat tokenized stocks as securities rather than virtual assets, a move that could bring the rapidly growing sector into the country’s existing taxation framework once financial regulators finalize their legal interpretation. According to…
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KB Kookmin Bank has completed a $100 million blockchain-based digital bond sale, becoming the first South Korean bank to use distributed ledger technology for foreign currency fundraising. According to local media reports, the bank issued the two-year U.S. dollar-denominated bond…
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South Korea’s KOSPI has recorded a sharp market decline after emergency circuit breakers halted trading twice in one week. The benchmark index fell 13% across eight trading days as margin calls and hedging demand rose. The selloff has also hit…
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Chainalysis and South Korean police expand crypto crime training, certification and blockchain tracing as North Korean theft risks increase.
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Nvidia has announced new South Korean partnerships with SK Hynix, Naver, SK Telecom, Doosan Group, LG Group, and Hyundai Motor Group. The agreements came during CEO Jensen Huang’s visit to South Korea, where he met several corporate leaders. The companies…
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South Korean police have reportedly searched Bithumb’s offices as part of an investigation into allegations that independent lawmaker Kim Byung-gi used his political influence to help secure employment for his son at cryptocurrency companies. According to a Monday report from…
