South Korea
Bank of Korea Gears Up for Three-Month “Hangang” CBDC Trial with 100,000 Consumers
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...
Bitcoin Not Suitable for Reserves, Says South Korea’s Central Bank
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 to Release Institutional Crypto Investment Guidelines in Q3 2025
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...
XRP Search Popularity Surges in Korea, Doubling Bitcoin Searches but BTC Leads Mentions
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 Partners with BDACS to Expand Institutional Crypto Custody in South Korea
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,...
South Korea Ends Years-Long Ban on Institutional Crypto Trading: 2025 Target
South Korea is set to lift its ban on institutional crypto trading. Through 2025, a number of institutions, such as non-profits, universities, law enforcement agencies, and listed companies, will gain...
Upbit Faces Sanctions in South Korea Over AML Shortcomings
South Korea’s Financial Services Commission (FSC) is getting ready to announce its decision on possible sanctions against Upbit. The decision comes after findings that Upbit didn’t fully meet customer verification...
South Korea Crypto Search Trends: XRP Dominates, Pi Network Gains
From February 7 to 13, the K-Community in South Korea saw a surge in cryptocurrency activity, with some tokens rising in popularity. XRP stood out with 85,652 searches, leading the...
South Korea Reverses Course: Institutions Get Green Light for Crypto Trading
South Korea’s Financial Services Commission (FSC) has announced plans to gradually lift the ban on institutional cryptocurrency trading, which has been in place for the last 8 years. This policy...
TRUMP Price Prediction: Will Feb 13 Upbit Listing Lift $TRUMP Even Higher?
The Official Trump (TRUMP) token jumped 20% in the last 24 hours, rising from $14.65 to a daily high of $17.52. The surge follows Upbit’s announcement to list TRUMP trading...
S. Korea to Allow Corporate Crypto-Fiat Conversion, Phased Rollout Announced
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 Surpasses Bitcoin and Solana to Lead Upbit’s Korean Won Market: Here’s Why
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...
Binance Leads CEX Market, Upbit Rises as a Contender
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 Accelerates Crypto Regulations as U.S. Policies Shift
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....
Upbit’s Blockchain Defenses Fail as South Korea Flags Foreign Deals
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 Regulators Clamp Down on Upbit, 700K KYC Violations Found
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...
Crypto Exchanges Ranked: Binance Leads Spot Volume in 2024
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 Signs with Kookmin Bank, Challenges Upbit for Market Lead
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...
South Korea’s Bithumb Adds DEEP Token With Trading Incentives
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 Leads Blockchain Tourism Push
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...
Retail Traders Push XRP to New Heights in South Korea
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...
South Korea Targets VASP Accountability With New Proposal
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 Beats Bitcoin and Ethereum in South Korea: $1B Trading Volume Surge
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...
South Korea’s Crypto Investors Top 15 Million, 30% of the Population, as Trading Volumes Surge
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 Crypto Investments Surge: 30% of Population Now Owns Digital Assets
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...
