South Korea

South Korea has lifted a seven-year restriction on cryptocurrency businesses, clearing the way for trading and brokerage firms to qualify as venture-certified companies. The Cabinet approved revisions to the Enforcement...

South Korea’s government is moving to formalize its crypto economy with a classic “carrot and stick” strategy. Regulators are officially lifting a 2018 ban that blocked crypto startups from receiving...

Richard Teng, CEO of Binance, is expected to visit South Korea next week, where he’ll spotlight the importance of user protection and regulatory compliance. He’ll speak at notable events such...

Today, the Financial Services Commission (FSC) of South Korea has imposed its first-ever fine targeting a crypto whale for unfair trading practices, including creating artificial trading volume, spreading false information,...

South Korea’s massive army of retail investors is dumping Tesla stock and rotating that capital directly into crypto.  Data for August shows a record $657 million sell-off of Tesla shares...

South Korea’s Financial Services Commission (FSC) has suspended all new crypto lending activities on local exchanges, effective August 19, 2025. The directive requires major platforms such as Upbit, Bithumb, and...

South Korea’s top financial regulator slammed the brakes on crypto lending. The Financial Services Commission (FSC) has ordered all domestic crypto exchanges to immediately suspend their newly launched lending services,...

South Korea is moving to regulate its domestic stablecoin market. The country’s top financial regulator, the Financial Services Commission (FSC), is set to release new legislation in October 2025 that...

Daehong Communications, a subsidiary of South Korea’s retail giant Lotte Group, has launched a “money movement” ecosystem powered by Aptos, a high-performance blockchain.  In the first phase of this integration,...

A new investor sentiment survey conducted in South Korea from July 22 to 25 shows growing positive sentiment toward Bitcoin and renewed interest in XRP, driven by recent U.S. regulatory...

South Korea’s ruling Democratic Party plans to fast-track new Bitcoin and crypto regulations. The decision follows the United States’ adoption of the GENIUS Act, which set a clear framework for...

South Korea’s Financial Services Commission (FSC) will roll out a two-phase regulatory framework in the latter half of 2025 that expands crypto market eligibility to corporations and professional investors in...

South Korea is tightening its focus on stablecoin regulation. Yesterday, the National Planning Committee summoned financial regulators to assess current oversight and propose measures that reduce risks for consumers and...

The Bank of Korea has suspended its central bank digital currency (CBDC) pilot program amid increased interest in private-sector stablecoins. The central bank began testing its CBDC in April, involving...

Recent reports claiming that South Korea’s government is preparing a state-backed Korean won stablecoin have been dismissed as “groundless” by a spokesperson from the ruling Democratic Party of Korea (DPK). ...

South Korea’s financial sector is making a strategic move to issue a won-pegged stablecoin, with the country’s largest commercial banks leading a joint plan.  The initiative comes as regulators begin...

South Korea’s Presidential Transition Committee has confirmed it is not conducting detailed reviews of banking sector proposals to ease digital asset regulations and expand nonbanking business opportunities. Committee spokesperson Cho...

A new survey of South Korean crypto investors reveals a divided but cautiously optimistic outlook on the market, even after a recent price pullback triggered by the escalating war between...

South Korean fintech firm KakaoPay has filed for 18 trademarks related to a potential Korean won (KRW)-backed stablecoin, a move that has sent its stock price soaring by more than...

The Bank of Korea (BOK) is evaluating the potential launch of a Won-backed stablecoin with a cautious but forward-looking approach to digital currencies. BOK’s Governor Rhee Chang-yong emphasized that any...

South Korea’s government is moving to tighten its regulatory grip on the nation’s booming cryptocurrency market, proposing a new law that would bring crypto exchange token listings under direct government...

A survey conducted by CoinNess and Cratos among 2,000 South Korean cryptocurrency users reveals that Bitcoin (BTC) is expected to increase in value. The survey, conducted from May 27 to...

Lee Jae-myung is emerging as a frontrunner for South Korea’s 2025 presidential election, according to trader sentiment on Polymarket. As of this press time, the Democratic Party candidate is leading...

Synthetix (SNX) is facing ongoing challenges in South Korea, as major exchanges Upbit and Bithumb have extended its “cautionary asset” designation through June 24, 2025.  This classification, mandated by the...

A survey by CoinNess and Cratos shows that 41.7% of Korean crypto investors perceive FTX payouts as a bearish development, attributing this sentiment to the fading effect of the initial...