South Korea
South Korea Tightens Crypto Oversight with New User Protection Law
South Korea embraces a new regulatory framework to satisfy the public expectation of a crypto-friendly regulation. The FSC Chairman Kim Joo-hyun states that the new…
Korean Financial Institute Raises Concerns Over Spot Crypto ETFs
The KIF has decried the impact of spot ETFs on the nation’s local economy. Crypto ETFs risk siphoning investment from local markets, potentially stunting domestic…
Regulatory Oversight Intensifies for Gala Token in South Korea
DAXA has extended its close monitoring period for the Gala project. The consultative body comprises Korea’s top five crypto exchanges. Gala aims to empower users…
South Korea to Purge Crypto Market: 600 Assets Face Delisting Threat
South Korea's new law threatens hundreds of cryptocurrencies with delisting. Exchanges must evaluate assets for reliability, security, and compliance. Regulatory crackdown may impact domestic exchanges…
South Korea Gets Strict with NFTs: New Guidelines Released
NFTs with mass issuance or divisibility are now classified as virtual assets in South Korea. Businesses must register as virtual asset operators if their NFTs…
Bitcoin’s ‘Kimchi Premium’ Shrinks Amidst South Korea’s Fading Crypto Fervor
The decline in South Korea's Kimchi Premium signals shifting sentiments in the country's crypto market. Limited local supply exacerbates price gaps, contributing to fluctuations in…
Temporary Crypto Crime Unit Turns Permanent in South Korea
South Korea is set to make its crypto crime unit permanent. The crypto crime unit currently operates as a temporary body. Making the unit permanent…
Korean Won Becomes the Most-Used Currency to Trade Crypto Assets
Korean won surpassed USD in terms of trading volume. Upbit hosts 80% of the total Korean trading volume. Crypto.com recently delayed its debut in the…
What Does the Election Mean for Crypto Investors in South Korea?
South Korea's April 10 legislative elections could reshape its political and crypto landscape. President Yoon's PPP and the DPK vie for control amid rising crypto…
South Korean Parties Woo Voters with Crypto Incentives Ahead of Elections
South Korean parties offer crypto-related incentives ahead of parliamentary elections to secure votes. Democratic Party vows to remove restrictions on domestic and US-based crypto ETFs.…
