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Markets
South Korea to invite 100,000 citizens to test CBDC in 2024
The Bank of Korea (BOK) has said it will invite 100,000 Korean citizens to purchase goods with deposit tokens as…
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Markets
South Korea’s pension fund bags 280K Coinbase shares: SEC data
The National Pension Service (NPS), a public pension in South Korea and one of the world’s largest pension funds, bought…
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Markets
Democratic Party of South Korea mandates parliamentary candidates disclose crypto holdings
The Democratic Party of Korea, which holds 167 out of 300 seats in the National Assembly, has made it mandatory…
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Markets
South Korean telco to launch Web3 wallet with Aptos and Atomrigs Lab
South Korean telecom giant SK Telecom (SKT) announced plans to launch a Web3 wallet service, T wallet, in partnership with…
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Markets
South Korean regulator outlines steps to enhance digital asset legislation
South Korea’s Financial Supervisory Service (FSS) is preparing regulations to supplement the Virtual Asset Users Protection Act passed earlier this…
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Markets
South Korean exchange Upbit gets initial license nod from Singapore
The Singapore entity for Upbit, South Korea’s largest exchange by volume, has been given in-principal approval for a Major Payment…
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Markets
Crypto makes up 70% of South Korean overseas assets: National Tax Service
Cryptocurrencies like Bitcoin (BTC) accounted for the largest share of South Korea’s reported overseas assets in the latest report by…
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Markets
South Korea focuses on OTC crypto regulations as unlawful deals reach $4B
South Korean regulators have turned their focus to over-the-counter (OTC) crypto trades amid growing concerns about its use for criminal…
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Markets
South Korean Bitcoin lender Delio plans to sue regulators: Report
South Korean Bitcoin lender Delio is reportedly preparing for an administrative lawsuit against regulators for the wrong interpretation of law…
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Markets
South Korean Hana Bank and BitGo to launch joint crypto custody venture
Hana Bank and BitGo are expected to launch a crypto custody service in the second half of 2024. Hana Bank…
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