In a landmark move for South Korea’s financial and digital asset sectors, eight major domestic banks are preparing to launch a joint stablecoin project pegged to the Korean Won (KRW), according to a recent report from Economic Review.
Read MoreIn a landmark move for South Korea’s financial and digital asset sectors, eight major domestic banks are preparing to launch a joint stablecoin project pegged to the Korean Won (KRW), according to a recent report from Economic Review.
Read MoreSouth Korea's Financial Intelligence Unit (FIU) has issued a suspension notice to Upbit, a leading cryptocurrency exchange, for alleged Know Your Customer (KYC) violations.
Read MoreSouth Korea has officially commenced discussions to develop the second phase of its crypto regulatory framework, aiming to finalize the legislation within the second half of this year.
Read MoreSouth Korea is poised to significantly relax its restrictions on institutional crypto trading. The Financial Services Commission (FSC) plans to gradually grant institutions, starting with non-profit organizations, access to local crypto exchanges.
Read MoreThe United States and South Korea have formalized a partnership to enhance cybersecurity and combat the growing threat of North Korean-backed crypto heists.
Read MoreThe South Korean cryptocurrency sector has suffered a significant setback following the declaration of martial law in early December.
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