South Korea
New Bills in South Korea Propose Capital Requirements for Stablecoin Issuers
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 Future of the ‘Digital Won’ To Be Private, Not Public
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...
South Korea’s Ruling Party Denies State-Backed Stablecoin Plans
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). ...
The Biggest Banks in South Korea Team Up to Create a New Crypto
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 Delays Banking Sector Crypto Deregulation Review Amid Policy Concerns
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...
South Korean Crypto Survey Reveals 34% of Investors Remain Bullish After Dip
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...
KakaoPay Stock Surges Over 200% After Filing for a KRW-Backed Stablecoin
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...
South Korea Explores Won Stablecoin as Bank of Korea Prioritizes Caution
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...
Fulfilling a Campaign Promise: South Korea’s New President Pushes for Crypto Reforms
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...
Bitcoin Surge Predicted as South Koreans Link Crypto Policies to Voting Decisions
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...
South Korea Presidential Race: Lee Jae-myung Ahead as Crypto Regulation Becomes Key Issue
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...
South Korea’s DAXA Keeps Synthetix (SNX) on “Caution” List via Upbit, Bithumb Until Late June
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...
Nearly Half of Korean Crypto Investors View FTX Payouts as Negative
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...
South Korea Targets Crypto Money Laundering with New Customer Verification Measures
On May 20, South Korea’s Financial Services Commission (FSC) decided to tighten customer identification for non-profit corporations and virtual asset exchanges. This measure is taken to lessen the chances of...
Hyperithm CEO Joins Trump Dinner, While South Korea’s Foreign Workers Embrace Stablecoin Payrolls
Oh Sang-rok, the CEO of Seoul-Tokyo digital asset firm Hyperithm, secured an exclusive seat at a May 22 private dinner with United States President Donald Trump. This invitation, extended to...
All Major South Korean Presidential Candidates Support Bitcoin ETFs
All three major South Korean presidential candidates – Kim Moon-soo (People Power Party), Lee Jae-myung (Democratic Party), and Lee Jun-seok (Reform Party) – have publicly expressed support for the approval...
June 3 South Korean Election May Legalize Spot ETFs and Reshape Digital Asset Access
South Korea’s presidential election race is heating up, and crypto policy is taking center stage. Lee Jae-myung, the presidential candidate representing South Korea’s Democratic Party of Korea (DPK), has pledged...
South Korea Issues New Crypto-Friendly Guidelines: Analysts Suspect Political Motivation
The South Korean Financial Services Commission has enacted a new set of guidelines, allowing the Asian country’s citizens to engage in cryptocurrency transactions. The latest development marks a landmark decision,...
KuCoin Eyes Return to South Korea, Launches $2B Trust Initiative
Global crypto exchange KuCoin signaled its intention to re-enter the South Korean market following a recent regulatory block of its platform there. Announced at the TOKEN2049 event in Dubai on...
South Korea’s Ruling Party to Dismantle Key Restrictions and Expand Access to Crypto Trading
The People Power Party of South Korea has announced a new plan 28 to reshape the nation’s cryptocurrency ecosystem. The proposal includes seven measures to encourage digital asset adoption and...
Bitcoin Beats Gold in South Korea’s Latest Investor Sentiment Survey
A new survey shows that South Korean crypto investors are leaning more toward Bitcoin over gold despite record-high gold prices. In a survey conducted by CoinNess and Cratos from April...
South Korean Man Gets 7 Years for $311 Million Crypto Scheme Fraud
In a sign of increasing regulatory scrutiny within South Korea, an appeals court has handed down a stiff seven-year prison sentence to a man, identified only as Hahm, convicted of...
South Korean Traders Flock to XRP, TRUMP as Upbit Volume Exceeds $3.3 Billion
Trading activity surged on South Korea’s top crypto exchange, Upbit, with XRP gaining notable traction among local traders. The platform recorded a 24-hour trading volume of over $3.3 billion, despite...
South Korean Crypto Investor Survey Points to Q3 for Altcoin Season Start
South Korean crypto traders increasingly expect an altcoin rally in Q3 2025, a new CoinNess and Cratos investor survey reveals. Conducted Apr 14-18 among 2,000 respondents, the poll shows shifting...
GameFi Token WEMIX Caught in Regulatory Crosshairs on Bithumb Exchange
WEMIX, a blockchain gaming token, continues to face regulatory headwinds in South Korea due to a controversial hack and delayed communication by its issuer, Wemade. Now, Bithumb, one of the...
