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Binance is facing renewed scrutiny from South Korean lawmakers after a parliamentary hearing this week reignited calls for the exchange to compensate victims of GOPAX’s failed GoFi deposit program. South Korean lawmakers are intensifying pressure on Binance to fulfill a…
News
South Korea’s FSC plans to prohibit interest payments on stablecoins, aiming to protect financial stability while fostering innovation in digital assets, with a new crypto law expected by the end of 2025. Proposed stablecoin interest ban mirrors U.S. regulations Financial…
BTC
Bitcoin
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Binance is finally making progress with its South Korea re-entry after over two years of delay, as authorities have reopened their review of the exchange’s long-stalled takeover of local crypto exchange Gopax. Local media reports on Oct. 14 claim that…
News
The Solana Foundation has struck a major partnership with Wavebridge, a Korean blockchain infrastructure firm, pushing towards a KRW stablecoin. The Solana Foundation has entered a new strategic partnership with Korean blockchain infrastructure firm Wavebridge to develop a KRW-pegged stablecoin and institutional-grade tokenization…
SOL
Solana
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Hwang Jung-eum, a South Korean actress and K-drama star, was handed a suspended prison sentence for embezzling $3 million from her agency to invest in cryptocurrency. According to a report from local media outlet Korea JoongAng Daily, Hwang has been…
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South Korea’s largest table ordering service t’order has chosen the Sui blockchain to jointly develop a stablecoin infrastructure for commercial applications nationwide by leveraging the company’s extensive network. Sui network announced the partnership via a Sep. 24 blog post, and…
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Dunamu, the operator of South Korea’s largest crypto exchange Upbit, is set to become a wholly owned subsidiary of Naver Financial via a stock swap agreement that positions the two firms to create a super app that unifies crypto trading,…
News
Pinkfong, the creator of the global hit ‘Baby Shark,’ is taking its iconic IP to Web3, as Story Protocol announces its tokenization on ip.world. Story Protocol (IP) has just announced the tokenization of Pinkfong’s IP, the creative force behind the…
IP
Story
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Stablecoin development in South Korea has advanced with the launch of KRW1, a won-pegged token issued on the Avalanche blockchain. Seoul-based digital asset firm BDACS announced the launch of KRW1 on September 17, a stablecoin fully backed by South Korean…
News
Korea Exchange affiliate firm KOSCOM has applied for five stablecoin trademarks amidst the wave of Korean won-backed assets taking over the market. It also plans to reorganize its crypto departments. According to the South Korean media outlet Seoul Finance, the…
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South Korean regulators have decided to lift a nearly decade-long ban that barred cryptocurrency-focused businesses from qualifying as venture companies. Since 2018, cryptocurrency companies operating in South Korea have not been allowed to be recognized as venture firms due to…
News
The choice of a layer-2 network for South Korea’s largest exchange is a testament to Ethereum’s central role in the DeFi space. South Korea’s largest crypto exchange, Upbit, has officially stepped into blockchain infrastructure. On September 9, the exchange launched…
News
South Korean regulators have moved to quell a brewing risk in crypto exchanges. The new regime bans high-risk leveraged loans and institutes a strict 20% interest cap, citing serious concerns over investor protection and market stability. On September 5, South…
News
South Korea’s Bithumb experienced a technical outage that caused significant damages to users who relied on the app for trading activities. The platform stopped working for 1 hour and 40 minutes. According to local media reports, Bithumb experienced an unexpected…
News
South Korea has agreed to share information on crypto transactions with as many as 48 states, as per the agreement on the OECD’s Crypto-Asset Reporting Framework. The South Korean government will start sharing information regarding local and foreign investors trading…
News
South Korea retail investors offloaded $657M in Tesla shares in August, extending a four-month selloff of $1.8B, while turning heavily to crypto-linked stocks.
ETH
Ethereum
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