Tag: South

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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 Africa’s Tax Authority Proposes Crypto Tax Guidance

South Africa’s tax authority has proposed new guidance that clarifies how crypto assets are taxed under existing income and capital gains tax frameworks.The South...

South Korean Authorities Fine Bithumb $136K over Sharing User Information Overseas

South Korean cryptocurrency exchange Bithumb was order to pay a $136,000 fine after it was found to have breached personal information protections rules when...

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...

Chainlink teams up with 47 South Korean, European banks to speed up international money transfers

"This is not just a POC," Ariyasinghe said. "Everyone's coming in with their eyes wide open. Appetite is very much about building real infrastructure...

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 Korean Authorities Launch First Reported Illegal Gambling Probe Into Polymarket Users

South Korean police have reportedly launched the country’s first illegal gambling probe into local Polymarket users, widening regulatory scrutiny of the decentralized prediction market.The...

Samsung is buying a $408 million stake in South Korea’s biggest crypto exchange

Three Samsung affiliates agreed to buy a 4% stake in Dunamu, the operator of South Korea's largest cryptocurrency exchange, Upbit, for a total of...

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...

Petition Against South Korea’s 22% Crypto Tax Hits 50K Threshold

A petition to scrap a 22% tax on crypto investment gains in South Korea reached the 50,000-signature threshold required for the country’s Finance and...