South Korea

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,...

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...

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...

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’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...

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...

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...