The FBI has officially attributed last week’s $1.4 billion crypto theft from Bybit to North Korean hackers, labeling the operation “TraderTraitor” in …
Korea
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Regulation
South Korea Ends Years-Long Ban on Institutional Crypto Trading: 2025 Target
by shayaanby shayaanSouth Korea is set to lift its ban on institutional crypto trading. Through 2025, a number of institutions, such as non-profits, universities, …
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Regulation
South Korea to gradually permit corporate crypto trading amid market reform
by shayaanby shayaanSouth Korea’s Financial Services Commission (FSC) announced plans to gradually open the crypto market to corporations, marking a shift from a long-standing …
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South Korea must embrace cryptocurrency ETFs now to stay ahead, says the Korea Exchange chairman, calling them a game-changer for market growth …
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Adoption
Alchemy Pay Secures Electronic Financial Business Registration in South Korea
by shayaanby shayaanAlchemy Pay has made a big splash in South Korea’s cryptocurrency scene by registering as an electronic financial business. It has done …
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Scams
Flash Crash Means Bitcoin Trades Higher in Korea as Kimchi Premium Soars
by shayaanby shayaanBitcoin just became a whole lot more expensive in Korea: The so-called “Kimchi Premium” hit a three-year high in the Asian country, …
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South Korea is speeding up its legislative efforts to regulate virtual asset accounts for corporations and stablecoins. Financial authorities have announced their …
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Regulation
South Korea arrests six Chinese suspects over alleged $690k Tether heist: report
by shayaanby shayaanSix Chinese nationals were arrested in Jeju, South Korea, for allegedly assaulting a dealer and stealing $689,000 during a stablecoin exchange. Authorities …
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South Korea plans to reintroduce crypto ETFs in 2025, inspired by the global success of Bitcoin and Ethereum ETFs. The Korea Exchange …
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Adoption
South Korea reconsiders crypto ETFs amid global market shift and demand
by shayaanby shayaanSouth Korea’s Exchange Chairman, Eun-Bo Jeong, has signaled interest in introducing crypto-based exchange-traded funds (ETFs) this year, aligning with global demands for …