South Korea

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...

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 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...

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...

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,...

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...

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...

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...

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...

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 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...

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...

Today, South Korea’s Financial Intelligence Unit (FIU), operating under the Financial Services Commission (FSC), intensified its regulatory actions by blocking access to 14 mobile applications on Apple’s App Store. These...

South Korea’s cryptocurrency market is booming, with more than 16 million citizens—over 30% of the population—now holding crypto exchange accounts. This huge user base has led the country’s top traditional...

South Korean authorities detailed two fraudulent trading tactics used in the price manipulation of the Fusionist (ACE) token, which resulted in investor losses totaling 7.1 billion won ($4.85 million).  Findings...

Compound (COMP), an early DeFi lending protocol on Ethereum, witnessed a massive 31.01% price surge over the last 24 hours. It currently trades near $50.91, according to CoinMarketCap data. This...

A recent survey conducted from March 25 to 28 shows declining optimism among Korean cryptocurrency investors. The survey, which polled 2,000 participants, tracks weekly market sentiment trends. This week, only...

Google Play Store in South Korea has blocked 17 foreign Virtual Asset Service Providers (VASPs) apps, including those of KuCoin and MEXC, from being accessible to users within the country....

South Korea’s second-largest cryptocurrency exchange, Bithumb, has announced the listing of Across Protocol (ACX) on its KRW market.  Across Protocol operates as a decentralized cross-chain bridge, designed for secure and...

South Korea’s Financial Intelligence Analysis Unit (FIU) is significantly increasing its enforcement on cryptocurrency exchanges, both within the country and operating internationally. With regulatory compliance under intense scrutiny, the FIU...

The Bank of Korea (BOK) will soon begin a three-month trial program for its central bank digital currency (CBDC), dubbed “Hangang.” Scheduled to start in April, this test aims to...

South Korea’s central bank is taking a hard pass on Bitcoin. The Bank of Korea (BOK) says it has no intention of including Bitcoin in its foreign exchange reserves, citing...

South Korea is set to introduce new guidelines in the third quarter of 2025 to help with institutional investment in cryptocurrencies. The initiative is led by the Financial Services Commission...

Last week, XRP dominated the cryptocurrency search category of the Korean internet community, highlighting the increasing interest in the altcoin and its development. However, Bitcoin, the pioneer cryptocurrency, remained ahead...

Ripple President, Monica Long, used X to point out how important institutional adoption of digital assets is in South Korea. To that end, she announced Ripple’s new partnership with BDACS,...