South Korea
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…
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…
