Tag: South Korea
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.
South Korean Crypto Users Surpass 16 Million
Reading time: < 1 minuteThe number of crypto investors in South Korea has exceeded 16 million, narrowing the gap with stock investors in the country.
Bank of Korea Rejects Bitcoin for its Foreign Reserve
Reading time: < 1 minuteSouth Korea’s central bank has confirmed it has no plans to include Bitcoin in its foreign exchange reserves.
South Korea Imposes Temporary Sanction on Upbit
Reading time: < 1 minuteSouth Korean cryptocurrency exchange Upbit has been subjected to a partial business suspension by the country’s Financial Intelligence Unit (FIU), which temporarily restricts transactions for new customers.
