South Korea
Crypto Billionaires in South Korea: Young Investors Hold $739 Million
Upbit and Bithumb’s study reveals that 185 young South Koreans hold KRW 1 billion in cryptocurrencies. 3,759 individuals own crypto accounts with their portfolio exceeding…
Bithumb Eyes Nasdaq Listing After Dropping KOSDAQ IPO
Bithumb is reviewing plans to list on the US Nasdaq in 2024. The company will split its business divisions to streamline its virtual asset operations.…
CryptoQuant Founder: Web3 Needs Smart Regulation to Drive Global Collaboration
Web3's decentralized model offers global collaboration, surpassing traditional corporations. Ki Young Ju highlights regulation as key to fostering trust and responsible Web3 growth. South Korea…
South Korea to Tackle Crypto Insider Trading with Legal Amendment
South Korea’s lawmaker proposes to broaden the definition of “improper solicitation.” The proposal seeks to include cryptocurrencies and insider information sharing under the term. The…
South Korean Court Orders Defunct GDAC to Return $7.3M in WEMIX to Wemade CEO
Seoul court orders GDAC to return 7.8M WEMIX tokens worth $7.31M to Wemade CEO Park Kwan-ho. GDAC faces a daily fine of 3 million won…
Worldcoin Price Surges Despite $831K Fine in South Korea
Worldcoin faces $831K fines for breaching South Korean data protection laws. Worldcoin expands globally, with over 6.7M verifications and rising wallet transactions. Worldcoin's price surges…
South Korea’s FSS Gets Tough on Crypto Crime
South Korea has adopted a zero-tolerance principle to tackle the increasing crypto hacks and illegal practices. The FSS Governor Lee Bok-hyun emphasizes the need for…
Crypto Now Safer in South Korea Thanks to This New Foundation
South Korea's FSC approves foundation to safeguard users' assets from failed crypto exchanges. The new foundation will manage deposits via banks and return crypto from…
Bithumb’s Bank Switch Under Review by South Korean Regulator
Bithumb's bank switch proposal to KB Kookmin Bank under FIU review. FIU clarified that no final decision has been made on Bithumb's real-name account partner…
South Korea’s FSS Initiates On-Site Inspections of Crypto Exchanges
FSS begins on-site inspections of South Korean crypto exchanges, starting with Bithumb. Bithumb under scrutiny for compliance with new Virtual Asset User Protection Act guidelines. …
