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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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Markets
The Nervos Network token was one of the best-performing cryptocurrencies on Friday, Sept. 13, as it surged to a high of $0.018, its highest level since June 7. Nervos Network (CKB), a layer-2 network, jumped as investors anticipated more purchases…
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Theta Labs has signed a multi-year agreement with Seoul Women’s University to provide its AI research lab access to Theta EdgeCloud’s decentralized GPU computing power. As stated in a press release shared with crypto.news, the partnership will allow the AI…
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Samsung Next, the venture capital arm of the South Korean tech giant, has announced its participation in the Soneium Spark program through an investment in Singapore-based Startale Labs. Without revealing any particulars of the investment, Samsung Next investor John Yim…
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The head of troubled South Korean crypto lender Haru Invest was reportedly attacked with a knife in the courtroom during a fraud trial. The chief executive of South Korean crypto yield platform Haru Invest Hugo Hyungsoo Lee was attacked with…
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Nexon’s blockchain arm has announced a new token to boost user engagement and ecosystem growth in its web3 game. South Korean video game developer Nexon’s blockchain subsidiary NEXPACE has announced its own cryptocurrency to enhance user participation and drive ecosystem…
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South Korea’s National Pension Service has added MicroStrategy, the world’s largest corporate Bitcoin holder, to its portfolio. The National Pension Service, the world’s third-largest pension fund with nearly $800 billion in assets under management, has acquired 24,500 MicroStrategy (MSTR) shares…
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The CEO of a South Korean technology firm, Wacon, has been arrested for allegedly masterminding a large-scale crypto scam that defrauded over 500 investors. CEO Byun Young-oh, along with an accomplice identified as Yeom, orchestrated a Ponzi-style scheme through a…
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Hong Kong customs dismantled a sophisticated money-laundering syndicate that processed over $190 million through crypto transactions and over 200 bank accounts. Hong Kong customs authorities have cracked down on a money-laundering operation that funneled HK$1.5 billion (around $192 million) in…
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South Korean prosecutors have indicted former Wemade CEO Chang Hyun-guk for allegedly falsifying and concealing details about the circulation of Wemix tokens. Korean prosecutors have indicted Chang Hyun-guk, the former CEO of gaming company Wemade, on charges of fabricating and…
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South Korea is set to introduce a supervisory six-figure fee for the nation’s crypto exchanges based on their operating revenue. Korean crypto exchanges, such as Upbit, Bithumb, and Coinone, will soon be obligated to pay an oversight fee to the…
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South Korea's nominee for FSC chair, Kim Byoung-hwan, expressed caution about corporate crypto transactions, signaling opposition to spot Bitcoin ETFs.
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South Korea’s first major set of cryptocurrency regulations is now live to safeguard crypto investors in the nation. The new framework introduces stringent requirements for Virtual Asset Service Providers (VASPs). Dubbed the Protection of Virtual Asset Users (PVAU), it mandates…
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South Korean authorities have sought a court to issue an arrest order for a cryptocurrency market maker involved in an altcoin fraud case. According to Yonhap, the market maker, surnamed Park (43) and called Jon Bur Kim, is accused of…
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South Korean authorities are considering postponing the controversial 20% crypto tax after the local crypto community raised concerns. Initially set to begin in 2021, South Korea‘s 20% crypto gains tax might now be delayed until 2028 amid fears that the…
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South Korea’s crypto community alarms that the impeding 20% tax on crypto gains will drive away investors and can potentially ruin the market. As South Korea‘s 20% tax on crypto gains looms, the local cryptocurrency community expresses its concerns, saying…
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Binance is reportedly nearing a deal to sell its majority stake in crypto exchange Gopax to Korean cloud provider Megazone. Cryptocurrency exchange Binance is in advanced talks to sell its controlling stake in Gopax, one of South Korea’s crypto exchanges,…
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Gold looks more attractive than Bitcoin in hard times
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Ethereum price drops to a 41-month low against Bitcoin
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Spot Bitcoin ETFs maintain modest inflows, Ethereum ETFs outflows start again
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