Tag: South Korea
Bank of Korea Launches Dedicated Virtual Asset Division
Reading time: < 1 minuteThe Bank of Korea (BOK) isn’t sitting on the sidelines—it’s diving into crypto headfirst. Reports confirm the central bank has established a new virtual asset division to track market trends and shape future legislation.
South Korea May Give Crypto Firms Startup Perks—Reversing 2018 Ban
Reading time: < 1 minuteSouth Korea wants to let crypto firms register as “venture companies,” granting them tax breaks and subsidies—a major shift from its 2018 rule that lumped them with gambling businesses.
BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision and South Korea Strategy
Reading time: 3 minutesVictoria, Seychelles, 4th July 2025, Chainwire
South Korea Suspends CBDC Trials as Stablecoins Take Priority
Reading time: < 1 minuteSouth Korea’s central bank has paused its digital currency tests amid government efforts to regulate stablecoins.
South Korea’s Left-Wing Government Pushes Crypto ETF Approval to Empower Youth
Reading time: < 1 minutePresident Lee Jae Myung’s administration is advancing plans to approve spot crypto ETFs, with the Financial Services Commission (FSC) submitting a detailed roadmap this week.
President Lee Fulfills Pledge as South Korea Moves to Legalize Stablecoins
Reading time: < 1 minuteSouth Korea’s ruling Democratic Party has introduced a landmark crypto bill to authorize domestic stablecoin issuance, delivering on President Lee Jae-myung’s campaign promise.
South Korea Elects Pro-Bitcoin President in High-Stakes Snap Election
Reading time: < 1 minuteLee Jae-myung’s victory in South Korea’s snap presidential election marks a pivotal shift toward crypto adoption.
South Korea Tightens Crypto Regulations
Reading time: < 1 minuteIn preparation for institutional investors entering the crypto market, South Korea is tightening rules regarding digital asset transactions.
Lee Jae-myung Advocates Won-Based Stablecoin to Address Capital Outflows in South Korea
Reading time: < 1 minuteIn an effort to curb capital outflows and enhance financial sovereignty, South Korea’s Democratic Party leader, Lee Jae-myung, has proposed a stablecoin linked to the Korean won.
South Korea Considering a Local Crypto Market for Foreign Investors
Reading time: < 1 minuteSouth Korea’s chief financial regulator may allow foreign investments in the local cryptocurrency market, provided domestic exchanges have strong anti-money laundering (AML) capabilities.
