Tag: Korea

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South Korea Drops Crypto Travel Rule Threshold

South Korea will expand its crypto Travel Rule to all transfers between registered virtual asset service providers (VASPs), removing the current 1 million won...

Bybit sues North Korea and Lazarus Group over $1.5 billion hack, secures asset freeze

“The order is intended to preserve identified stolen digital assets while the litigation continues, representing an important step in Bybit's ongoing efforts to recover...

South Korea report proposes stablecoin rules before crypto law

Policy report recommends interim licensing guidance, greater flexibility for stablecoin issuers and rules ahead of the Digital Asset Basic Act.

South Korea Plans Crypto Law as Tax Repeal Reaches Committee

South Korea’s Financial Services Commission (FSC) reportedly plans to draft a consolidated Digital Asset Basic Act with the ruling Democratic Party, giving lawmakers a...

South Korea trade giant POSCO puts receivables onchain in tokenization test with LG

POSCO International, South Korea's largest trading company, has begun tokenizing trade receivables on blockchain in a test that could speed up commercial payments between...

North Korea arrests hackers accused of laundering stolen bank funds through crypto

North Korean authorities arrested former military hackers accused of stealing state funds from two banks and laundering the proceeds through cryptocurrency.The group, according to...

Mirae plans to turn crypto exchange Korbit into something Korea hasn’t seen before

Korbit currently holds less than 1% of South Korea's domestic crypto market, far behind giants Upbit and Bithumb. When asked directly about its strategy...

Bank of Korea prepares for live CBDC transactions with 9 banks in September

The Bank of Korea's central bank digital currency (CBDC) plans are moving forward with nine participating banks.The second phase of BOK's CBDC program is...

South Korea Uncovers 30 Cases Unfair Trading

South Korea’s financial authorities investigated more than 40 cases of unfair trading, including market manipulation and fraudulent crypto trading, in the last two years. According...

South Korea to Bring Digital Assets Under State Asset Management System

South Korea plans to adopt the National Asset Basic Act to update the country’s state asset management system from the outdated State Property Act...

South Korea Sets 2027 Tokenized Government Bond Cbdc Pilot

South Korea plans to conduct a 2027 pilot linking tokenized government bonds to its institutional central bank digital currency (CBDC) infrastructure, moving sovereign debt...

South Korea Super-App Toss to Run Won Stablecoin Pilot on OP Stack

Optimism says Toss is the fourth regulated financial institution in a year to pick the OP Stack, after Bitpanda, Kraken and Mitsui.Toss, the South...