Tag: Korea

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South Korea plans to adopt the National Asset Basic Act to update the country’s state asset management system from the outdated State Property Act...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

South Korea Shifts Polymarket Scrutiny From Users to Platform

South Korea’s media and communications review body said it will hear from Polymarket before deciding whether to take corrective action against the prediction market...

South Korea Links Token Securities to Wider Market Reforms

South Korea’s financial regulator folded token securities infrastructure into a broader overhaul of the country’s capital markets, alongside plans for faster settlement, longer trading...

South Korea Pushes Crypto Travel Rule Expansion

Financial regulators in South Korea are pushing for broader reporting requirements on crypto transfers to further align with global Anti-Money Laundering standards for digital...

South Korea Police Reportedly Raid Bithumb in Lawmaker Hiring Influence Probe

South Korean police have reportedly raided Bithumb as part of an investigation into alleged nepotism involving independent lawmaker Kim Byung-gi.Kim allegedly attempted to influence...

South Korea Makes First Arrest Tied to Memecoin Rug Pull: report

South Korean prosecutors charged a group in an alleged rug pull involving the Solana-based memecoin Catpie, or CATFI, in what local media described as...