Tag: Korea

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Bank of Korea nominee backs CBDC-led system with limited stablecoin role

Shin Hyun-song, the nominee to lead the Bank of Korea, said a central bank digital currency (CBDC) and bank-issued deposit tokens should form the...

South Korea Orders Suspension, Fine for Crypto Exchange Coinone

South Korea’s third-largest cryptocurrency exchange, Coinone, is facing a fine and a partial business suspension over anti-money laundering lapses, according to multiple local media...

Why North Korea hacks crypto instead of evading sanctions like Russia and Iran

North Korea's six-month infiltration campaign at Drift rattled a crypto industry already reeling from billion-dollar exploits.But as the news settled, a bigger question came...

South Korea Court Cancels Dunamu Suspension Over FIU Case

A South Korean court has canceled the Financial Intelligence Unit’s (FIU) three-month partial business suspension of Dunamu, the operator of crypto exchange Upbit, according...

South Korea Eyes FX Oversight for Stablecoins in Draft Bill

South Korea’s ruling Democratic Party is reportedly preparing a draft bill that would classify stablecoins as foreign exchange payment instruments and require tokenized real-world...

South Korea Tightens Crypto Withdrawal Delay Exemptions

South Korea’s financial regulator said it will tighten the exception rules under crypto exchanges’ withdrawal-delay system after finding that scam-linked accounts granted exemptions accounted...

South Korea proposes comprehensive digital asset law including stablecoin rules

South Korea’s ruling Democratic Party proposed a “Digital Asset Basic Act” Wednesday that would establish a legal framework for digital assets, including issuance, trading,...

Korea Investment & Securities Considers Coinone Stake: Report

South Korean brokerage Korea Investment & Securities (KIS) is reviewing a potential stake in crypto exchange Coinone, according to Korean media reports and company...

South Korea Opposition Party Proposes Scrapping Crypto Tax

South Korea’s main opposition party has proposed scrapping a planned crypto tax ahead of its 2027 rollout, citing fairness, double taxation and enforcement concerns.According...

Bank of Korea kicks off real-world testing of its CBDC with nine banks

The Bank of Korea and nine commercial lenders began phase two of a digital won pilot, testing bank-issued deposit tokens backed by central bank...

Crypto.com Enables Tourist Crypto Payments in Korea With KG Inicis Deal

Crypto.com has partnered with KG Inicis, one of the largest South Korean payment gateways and value-added network providers, to introduce crypto payment options for...

South Korea fines Bithumb $24 million, orders 6-month partial suspension over AML violations

Bithumb, one of South Korea's leading crypto exchanges, has been fined by the country's anti–money laundering and counter-terrorism financing agency.South Korea's Financial Intelligence Unit...