South Korea plans faster Bitcoin and crypto laws to match the pace of the GENIUS Act. Korea Investment and Securities developing won-based …
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Markets
South Korea Tells Firms to Cut Exposure to Crypto ETFs, Coinbase and Strategy: Report
by shayaanby shayaanSouth Korea’s finance regulator has informally warned local asset managers to reduce their exposure to crypto exchange-traded funds (ETF) and U.S.-listed digital …
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The dynamic world of cryptocurrency never stands still, and recent developments from South Korea’s prominent venture capital firm, Hashed, are once again …
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Regulation
South Korean Court Acquits Former Wemade CEO in WEMIX Token Manipulation Case, Future Appeals Possible
by shayaanby shayaanAfter a protracted legal battle, former Wemade CEO Jang Hyun-guk has been acquitted of market manipulation charges related to the WEMIX token, …
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Finance
Stablecoin issuers’ $182 billion US Treasury hoard ranks 17th among countries, beating UAE and South Korea
by shayaanby shayaanFour US-dollar stablecoin issuers hold roughly $182 billion in US Treasury bills, an amount that would slot them 17th on the Treasury …
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Regulation
South Korea to reclassify crypto firms as startups eligible for tax cuts and other benefits
by shayaanby shayaanSouth Korea’s startup ministry proposed a new law revision that would allow crypto firms to register as venture companies. This reclassification would …
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The world of finance is constantly evolving, and nowhere is this more apparent than in the rapidly expanding realm of digital assets. …
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Finance
South Korean stocks ride crypto wave as new president backs won-based tokens
by shayaanby shayaanSouth Korean equities have surged following President Lee Jae-myung’s pledge to permit cryptocurrency assets backed by the won. This has driven intense …
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Regulation
South Korea halts CBDC plans, shifting focus to bank-led stablecoins
by shayaanby shayaanLocal reports indicate that South Korea’s central bank has suspended its central bank digital currency (CBDC) pilot program, pivoting the nation’s focus …
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Finance
South Korea’s Largest Bank KB Kookmin Files Registration Application for Stablecoins! Here Are the Details
by shayaanby shayaanSouth Korea’s largest bank, KB Kookmin, has filed 17 different stablecoin-focused trademark applications in parallel with efforts to create the legal basis …