South Korea
Bitcoin’s Surge Leaves South Korea Behind: Kimchi Premium Fades
South Korea’s kimchi premium drops, indicating sluggish retail demand for Bitcoin. U.S. institutional demand for Bitcoin surges, with custodial Wallets doubling retail. Bitcoin hits $71K…
Bithumb Exchange Faces Korean Won Withdrawal Delays, Users Unfazed
Bithumb crypto exchange is experiencing a hitch. Customers on Bithumb cannot withdraw Korean Won. The crypto exchange blamed delays from partners for the ongoing glitches.…
South Korea to Tighten Oversight of Cross-Border Crypto Transactions Starting Next Year
South Korea is launching regulations for cross-border crypto transactions. The new law mandates pre-reporting and monthly report submission to the Bank of Korea. The Deputy…
South Korea Mulls Free Market Approach for Crypto Interest Rates
South Korea’s FSS Governor raises concerns over crypto exchanges’ competitive interest rates. The Governor reveals the country’s plans to promote a free crypto market approach.…
NFP Token Plunge: Coinone Disputes Hack Claim, Launches Probe
South Korean crypto exchange Coinone has launched an investigation into the NFP token dispute. The token experienced a 70% dip on Coinone while the price…
South Korea to Investigate AVAIL Altcoin Over Price Manipulation Concerns
The South Korean National Assembly is probing into the altcoin AVAIL’s trading on Bithumb in July. Lawmaker Min Byeong-deok will address AVAIL as the “second…
South Korea May Soon Allow Bitcoin Spot ETFs
FSC to review Bitcoin spot ETFs, signaling a shift in South Korea’s crypto stance. Corporate crypto accounts may be allowed, boosting market participation and security.…
Upbit’s Market Power in South Korea Attracts Regulatory Flak
FSC investigates Upbit's market dominance due to concerns over its K-Bank partnership. Upbit's control could risk K-Bank's stability, accounting for 20% of its total deposits. …
South Korea Investigates KOK Token Crash, $3 Billion Lost
South Korean lawmakers want a deeper probe into the KOK scam. The KOK token caused investors’ $3 billion in losses. KOK was priced at $7…
Hancom Chairman Faces Crypto Fraud Probe in South Korea
Hancom Group Chairman Kim Sang-cheol faces increased scrutiny over market manipulation allegations. Kim has been referred to South Korean prosecutors following a series of investigations…
