Tag: South Korea
South Korean Lawmakers Aim for January Passage with New Stablecoin Bill Ultimatum
Reading time: < 1 minuteSouth Korea’s ruling Democratic Party has delivered a “final demand” to financial authorities for a stablecoin regulatory proposal by December 10.
Upbit in Race to Freeze Funds After Major Solana Network Exploit
Reading time: < 1 minuteUpbit is in a digital chase to recover $37 million in crypto assets stolen by an unidentified hacker.
South Korea Expands AML Sanctions Across Crypto Sector
Reading time: < 1 minuteAfter sanctioning Upbit, South Korean regulators are turning their focus to the rest of the industry’s leading crypto exchanges.
Binance Re-Enters South Korea with Gopax Acquisition
Reading time: < 1 minuteThe world’s largest crypto exchange has completed its acquisition of local platform Gopax after receiving final approval from South Korean financial regulators.
As Korea Solidifies Crypto Rules, Naver Moves to Fully Integrate Exchange Upbit
Reading time: < 1 minuteAmid South Korea’s push to formalize its cryptocurrency regulatory framework, a major corporate consolidation is underway.
Seoul Greenlights Crypto: Venture Status and Tax Breaks Start Sept. 16
Reading time: < 1 minuteSouth Korea is opening its doors to crypto. The government has passed a revision allowing cryptocurrency firms to be designated as venture companies starting next week.
Cracking Down on Crypto Risk: South Korea Draws a Line on Lending
Reading time: < 1 minuteSouth Korea is continuing its push to bring order to the volatile crypto market, this time targeting the lending sector.
South Korea Bans Crypto Lending Over Investor Protection Concerns
Reading time: < 1 minuteSouth Korean authorities have ordered cryptocurrency exchanges to stop offering lending services, citing high risks for investors.
With New Pro-Crypto President, KakaoBank Moves into Stablecoins
Reading time: < 1 minuteThe election of President Lee Jae-myung has accelerated South Korea’s crypto adoption—and now KakaoBank is stepping into the stablecoin market.
South Korea Acts to Prevent Crypto Lending from Becoming Systemic Risk
Reading time: < 1 minuteWorried that unchecked crypto lending could threaten financial stability, South Korean regulators are preparing stricter oversight of leveraged digital asset loans.
