Global #South Korea

In a groundbreaking development for cryptocurrency adoption, Surfy, a payment solution based in South Korea, has integrated Ripple's XRP into its payment system.

The cryptocurrency landscape in Asia is experiencing notable shifts as countries like Singapore, India, and Japan implement significant regulatory and policy changes.

In a significant legal victory for Bithumb Korea, the Seoul High Court has overturned a lower court’s decision, rejecting a 130 million won tax charge initially imposed by the Yeoksam Tax Office.

South Korean banks are steering clear of the escalating deposit rate competition among the nation's crypto exchanges. According to Daehan Keumyoong Shinmun, banks perceive no need to engage in the "deposit rate war" that exchanges have ignited in their quest for market dominance.

In a notable shift towards digital asset investments, South Korea’s National Pension Service (NPS) has acquired 245,000 shares of MicroStrategy, valued at $33.75 million, during the second quarter of this year.

As cryptocurrencies gain prominence, countries around the world are enacting diverse regulations to address the risks and opportunities of digital assets.