South Korea

South Korea’s Financial Services Commission (FSC) has announced a policy shift that will allow corporations to create real-name bank accounts for converting crypto holdings back into regular fiat currencies.  Three-Phase...

XRP has become the most traded cryptocurrency against the Korean Won (KRW) on Upbit, South Korea’s largest crypto exchange. According to data from CoinGecko, XRP/KRW recorded a trading volume of...

The cryptocurrency market keeps growing, and centralized exchanges (CEXs) are key in allowing trading for both everyday and big-time investors. Data shows Binance is leading the ranking with close to...

South Korea is speeding up its legislative efforts to regulate virtual asset accounts for corporations and stablecoins. Financial authorities have announced their commitment to finalizing policies in the coming months....

South Korea’s Financial Services Commission (FSC) issued a warning to Upbit about potential sanctions. These sanctions could prevent Upbit from adding new customers. The notice, sent on January 9th, stems...

South Korea’s leading cryptocurrency exchange, Upbit, is facing potential sanctions for alleged anti-money laundering (AML) and Know Your Customer (KYC) violations. According to reports, the Financial Intelligence Unit (FIU) has...

Binance maintained the lead as the cryptocurrency exchange with the highest cumulative spot volume in 2024. The centralized exchange solidified its dominance, capturing 46.59% of the total market share with...

Bithumb’s partnership with KB Kookmin Bank will likely reshape South Korea’s crypto market. This change, effective March 24, from Nonghyup Bank to Kookmin Bank, is a strategic move to attract...

Cryptocurrency exchange Bithumb will list DeepBook Protocol (DEEP), the utility token of the Sui-based liquidity layer. The token will be available for trading on the KRW market starting at 3:00...

South Korea’s Jeju Island has launched NFT-based tourism cards that offer digital perks and travel incentives to attract younger visitors, and by using blockchain technology, Jeju is becoming a leader...

Excitement around XRP keeps building with the digital asset now dominating trading volumes on South Korean exchanges; a precedent for a price rebound, and so is earning a lot of...

A South Korean lawmaker has proposed an amendment to better protect users of virtual assets in the country. Kim Hyun-jung, a member of the Democratic Party of Korea (DPK), therefore...

XRP trading volumes on South Korea’s top crypto exchanges have surged past Bitcoin (BTC) and Ethereum (ETH), crossing $1 billion in 24 hours.  In the last 24 hours, total XRP...

Crypto investors in South Korea grew to 15.59 million in November, with 610,000 new participants joining in just one month. Trading volumes on the nation’s top crypto exchanges soared to...

South Korea sees a surge in crypto investments. The total number of virtual asset investors is now 15.59 million. This is over 30% of the population. Data from the Bank...

The South Korean government wants to amend its Foreign Exchange Transactions Act. The amendment would require virtual assets service providers (VASPs) involved in cross-border transactions to register under the new...

XRP is a top performer in South Korea’s crypto market, with its trading volume surpassing Bitcoin’s. This surge coincided with a spike in XRP’s price to $50.17 on a leading...

South Korea’s Digital Asset Protection Foundation is now accepting deposits from crypto service providers that have shut down. The foundation recently announced that it has received deposits from five operators:...

A South Korean court denied the appeal of the Hancom Group chairman’s son, upholding his prison sentence for creating slush funds using crypto. Specifically, the court had sentenced Kim’s son...

XRP’s price crash in South Korea highlights the crypto market’s sensitivity to political events. Last Tuesday, the president’s declaration of martial law triggered a flash crash across global markets, hitting...

South Korea’s National Assembly will likely approve significant tax law changes during its plenary session on December 10. The proposed amendments include abolishing the financial investment income tax and also...

South Korea’s Democratic Party of Korea (DPK) is moving to abolish the capital gains tax on financial investments, with a decision expected during the National Assembly’s final regular session on...

Cryptoquant CEO Ki Young Ju says South Korea is a region where every season is altcoin season. In a recent post on X, the crypto analyst showed that altcoins make...

Jeju, South Korea’s special self-governing province, has announced plans to implement digital payments for cross-border transactions. The province included the digital payments initiative in its “Jeju AI and Digital Transformation...

South Korea’s crypto market is seeing a surge as investors shifted 27 trillion won ($19.2 billion) from demand deposits in banks to higher-risk assets, including cryptocurrencies and stocks. Market observers...