2025-8-19 20:27 |
Efforts to launch a won-denominated stablecoin in South Korea are gaining traction as financial regulators prepare to publish a detailed proposal for the assets. On August 18, local media outlet MoneyToday reported that the Financial Services Commission (FSC) of South… origin »
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The Financial Service Commission (FSC), South Korea's leading financial watchdog, believes that stablecoins and cryptocurrencies may make it easier to launder money. As a result, it will allegedlyThe post South Korean regulators studying crypto whales- Here's why appeared first on AMBCrypto.
2022-10-25 14:30 | |
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A local publication reported that South Korea’s Ministry of Strategy and Finance aims to introduce taxes for digital assets, with the rate expected to reach 20 percent. The announcement was made during the Financial Parliamentary committee meeting chaired by Minister Hong Nam-Ki on 17th July.
2020-6-18 22:22 | |
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Ripple’s executive, Navin Gupta, managing director for South Asia and MENA regions, spoke in an hour-long YouTube video explaining the blockchain’s use cases and its progress so far in 2020. In data provided by the startup executive, Ripple currently has over 350 partners in its ranks, including RakBank in the UAE and Transfer Go in […]
2020-6-9 21:32 | |
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South Korea and Singapore may have the best regulations around compliance with the Financial Action Task Force guidelines.
2020-5-14 08:56 | |
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South Korean financial services startups including Koscom, are now leveraging the immutability property of distributed ledger technology (DLT) to curb forgery in the trading of unlisted stocks, while also boosting the efficiency of the platforms, reports BusinessKorea May 11, 2020.
2020-5-12 19:00 | |
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South Africa’s top financial regulators, including the South African Reserve Bank, have jointly released a policy paper with 30 recommendations for the regulation of cryptocurrency and related service providers.
2020-4-20 16:15 | |
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An intergovernmental panel in South Africa comprising the central bank, treasury, and financial regulators is calling for the enactment of strict crypto regulations in the country. Strict Crypto Policing in South Africa In a paper published by the Intergovernmental Fintech Working Group (IFWG) in South Africa, the government panel argued for the establishment of aRead MoreRead More.
2020-4-18 17:00 | |
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KB Kookmin Bank, South Korea’s largest bank, is planning to launch a crypto custodial service known as KB Digital Asset Custody (KBDAC). The entry of the South Korean financial giant into the crypto market could spark widespread adoption across financial institutions in the country.
2020-3-28 22:00 | |
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Top South Korean crypto exchange platforms, Upbit and Bithumb, have witnessed a massive decrease in their trading volumes of 70% and 63% respectively compared to their 2018 results, Decrypt reports. According to Financial Supervisory Services (FSS), Dunamu, which is Upbit’s parent company, saw its annual profits decrease by 93% to approximately $7.4 million. The nosedive […]
2020-3-24 22:04 | |
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The past couple of days have been spectacular in terms of bolstering crypto adoption. Financial regulators and lawmakers in India, South Korea, Germany, and France have softened their stance towards crypto through the passing of crypto-friendly laws.
2020-3-8 10:36 | |
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South Korea’s National Assembly finally passed a bill that provides a framework for the regulation of cryptocurrencies and exchanges. Crypto service providers will be required to use the real-name verification system and comply with reporting requirements in line with the global cryptocurrency standards set by the Financial Action Task Force (FATF).
2020-3-8 20:38 | |
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To round off a week of positive developments for the cryptocurrency industry, France has officially recognized Bitcoin as a legal financial instrument. Elsewhere, India, South Korea, and Germany have seen similar legal developments in recent days.
2020-3-7 07:15 | |
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First, it was India, now South Korea has taken a positive step towards cryptocurrencies. The recent amendment of the Act on Reporting and Use of Specific Financial Information passed today during a session of the National Assembly, which officially allows crypto trading and holding.
2020-3-6 21:03 | |
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According to reports, a full session of the National Assembly of the South Korean parliament has passed an amendment to the Act on Reporting and Use of Specific Financial Information. Owing to this amThe post South Korea's parliament reportedly 'legitimizes' Cryptocurrency as a legal entity appeared first on AMBCrypto.
2020-3-5 13:00 | |
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In another significant development for the cryptoverse, the South Korean National Assembly has officially passed the “Act on Reporting and Use of Specific Financial Information” bill into law, making cryptocurrency trading and holding a legal activity in the nation, reports TheNewsAsia on March 5, 2020.
2020-3-6 12:00 | |
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Coinone Transfer is a blockchain-based financial services company in South Korea leveraging Ripple’s global network, real-time transfer capabilities and transparent transaction features to achieve hypergrowth in the newly opened Korean remittance market.
2020-3-6 22:00 | |
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Ripple, the San Francisco-based distributed ledger technology (DLT) company in charge of the XRP altcoin, has announced that three more fintech startups in South Korea have joined RippleNet, according to a blog post on February 25, 2020.
2020-2-27 22:00 | |
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For the millions of remitters in South Korea, speed and cost matters—time delay in payments can interfere with covering critical expenses like emergencies, tuition payments and unexpected bills. However, for many years, the remittance market in Korea was controlled entirely by large financial institutions—leading to high foreign transfer fees and costly delays.
2020-2-27 03:30 | |
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The big-four bank, Nedbank, may become the latest financial institution in South Africa to close cryptocurrency bank accounts, reports the local media channel. The bank will be following in the footsteps of the First National Bank (FNB) that closed the digital currency-related bank accounts back in November, last year citing lack of regulations as the […]
2020-1-26 00:55 | |
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South Korea’s Presidential Committee on the Fourth Industrial Revolution (PCFIR) is advocating that the Korean government makes cryptocurrencies mainstream by introducing friendly regulations that will help to integrate distributed ledger technology (DLT) powered digital assets into the traditional financial world, according to an Ibtimes report.
2020-1-8 18:00 | |
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A South Korean committee directly under the president has recommended several measures to the government that will make cryptocurrency mainstream. Emphasizing that “it is no longer possible to stop crypto asset trade,” the committee recommends integrating crypto into the country’s financial system, allowing financial institutions to directly offer a range of crypto products, including derivatives, […] The post Korean Presidential Committee Pushes to Make Cryptocurrency Mainstream appeared first on Bitcoin News.
2020-1-8 10:30 | |
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A presidential committee formed to advise the government in regards to the fourth industrial revolution is recommending that the South Korean government should let financial institutions to offer crypto-based products, CoinDesk reports.
2020-1-6 19:14 | |
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Financial institutions should be allowed to launch cryptocurrency products, such as derivatives, according to a government advisory body.
2020-1-6 16:37 | |
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Coinspeaker Bithumb Exchange Will Pay $67 Million in Additional Crypto TaxesEarlier South Korean crypto exchange Bithumb had reported about a bad financial year, but now it has been revealed that the taxes are getting even harder.
2019-12-30 23:20 | |
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CoinMarketCap Daily Newsletter Your daily newsletter for 20 December, 2019 “Knowledge is power.” - Francis Bacon In today's newsletter, we will be covering: Largest South Korean telecom company issuing a blockchain-based local currency in Busan France's financial regulator granting the […] The post France approves its first ICO appeared first on CoinMarketCap.
2019-12-25 15:00 | |
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Karatbars International controversial KBC coin will no longer be getting attention from South Africa’s financial markets regulator, the Financial Sector Conduct Authority (FSCA). The regulator had earlier on issued a warning terming the KBC coin a ‘fraud’; German’s BaFin also made similar moves in response to Karatbars operations within its jurisdiction. FSCA Vs Karatbars International […]
2019-12-19 18:06 | |
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The South Korean government is mulling imposing taxes on capital gains arising out of cryptocurrency transactions – including Bitcoin (BTC) – reports The Korea Times, December 9, 2019. South Korean Authorities Taming the Crypto Conundrum In their short history, cryptocurrencies haven’t exactly been able to earn the trust of a large number of financial watchdogsRead MoreRead More.
2019-12-9 18:00 | |
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DXM, the crypto-powered financial services platform owned by Dunamu, the parent firm of Upbit Bitcoin (BTC) trading venue, one of South Korea’s leading exchanges, has partnered with cryptocurrency hardware wallet manufacturer, Ledger, to start offering institutional investors crypto custodial services, according to reports on December 4, 2019.
2019-12-5 16:00 | |
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DXM, founded in January this year, is the subsidiary of Dunamu, offering cryptocurrency financial services out of South Korea. Dunamu is the majority shareholder of Upbit, a major cryptocurrency exchange in the same country.
2019-12-5 22:41 | |
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The South Korean internet company Kakao is looking away from the financial application of blockchain technology to build a widely-used “killer app. ” The firm believes that the monetary use of the technology is still too fraught with regulatory issues to explore — for now.
2019-11-29 14:02 | |
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South Korea’s national policy committee has passed an amendment establishing a legal framework for cryptocurrencies. It requires crypto exchanges and service providers to register with the country’s financial regulator and comply with the recommendations set by the Financial Action Task Force.
2019-11-27 09:20 | |
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The government of South Korea wants all unregistered crypto exchanges in the country to shut down. If they don’t, their owners may go to jail. Recently, lawmakers of the country decided that all exchanges should register with the Financial Services Commission (FSC).
2019-11-22 00:22 | |
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In Germany, according to a recent press release by BaFin, the Federal Financial Supervisory Authority of Germany, a cease and desist order has been issued against Karatbit. The cease and desist is to stop the company from its unauthorized electronic money business in Germany.
2019-11-18 22:46 | |
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South Korean crypto exchange, CoinUp gets tainted, as many of its executives have officially been arrested following a year’s worth of investigation, reports BeInCrypto. To be more specific, President of CoinUp, Kang Seok-Jung gets a 16-year sentence followed by the firm’s Chief Financial Officers and Vice Presidents, all of whom have swindled investors of 400 […]
2019-11-13 18:59 | |
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South Korea’s major local bank invested in the country’s earliest bitcoin exchanges, Coinplug. As per information, Coinplug has raised 7. 5 billion Won from KB Investment, a venture arm of KB Financial Group.
2019-10-25 19:08 | |
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South Korea-based Coinplug, a leading Bitcoin (BTC) exchange, wallet and payment company, has raised 7.5 billion won (appr. $6.4 million) from the venture capital divisions of several major local financial institutions. Coinplug’s management noted in...
2019-10-25 11:23 | |
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South Korean bitcoin exchange and wallet startup Coinplug has raised $6.4 million from venture arms of major local financial institutions.
2019-10-25 09:00 | |
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Good morning forkers, it’s that time of the week again. It’s Hard Fork’s wrap-up of the weekend’s cryptocurrency and blockchain headlines you shouldn’t miss. Let’s get to it. 1. Facebook‘s “cryptocurrency” Libra is facing yet more challenges as Mastercard, Visa, eBay, payment system provider Stripe, and South American partner Mercado Pago have pulled out of the troubled project, The Financial Times reports.
2019-10-14 11:40 | |
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The South Korean division of Malta-based digital asset exchange OKEX has suspended the delisting of two privacy-oriented cryptocurrencies due to new regulatory guidelines released by the Financial Action Task Force (FATF). The planned suspension of...
2019-10-11 11:19 | |
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The South Korean branch of crypto exchange Okex has announced that it has temporarily halted delisting of Zcash and Dash, CoinDesk reports. In a notice issued on Thursday by OKEx Korea, the exchange stated that it was suspending its decision to delist the two privacy cryptos pending a review of compliance with the Financial Action […]
2019-10-11 21:48 | |
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As the concept of blockchain becomes more and more widespread, many companies are roping it in to help with their internal processes. The institution stated that blockchain technology offers a multitude of benefits for the financial industry.
2019-10-8 17:39 | |
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According to an October 6, 2019, report by South Korean media outlet The Financial News, Hyundai’s blockchain and cryptocurrency arm, Hdac, is set to invest $10 million in the industry to develop its own mainnet, decentralized applications (dApps), and fund other burgeoning startups with high potential and ceiling in the space.
2019-10-8 13:00 | |
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Recently, popular South Korean exchange OKEx was in the news after it delisted all its privacy coins, including Monero [XMR], Zcash [ZEC], and DASH [DASH], along with several others. UpBit followed suit, delisting several privacy coins as well.
2019-9-25 14:30 | |
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Five major banks in South Korea have joined the Interbank Information Network (IIN) — JPMorgan’s blockchain payments project. This news further increases the Asian presence in the IIN initiative.
2019-9-23 13:00 | |
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Every Monday, we round up important cryptocurrency and blockchain news that you might’ve missed while you’ve been out socializing/spending time with your loved ones/inhaling macaroni and cheese while you binge-watch some Netflix bullshit.
2019-9-9 13:34 | |
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Mark Sanford, former Republican South Carolina Governor, thinks we're in a heap of trouble. He told “Fox News Sunday” that he predicts "the most significant financial storm. . . since the Great Depression.
2019-9-10 09:54 | |
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Cryptocurrency exchanges across South Korea have started implementing guidelines put forward by the Financial Action Task Force in June. The implementation of these recommendations are meant to help curb the use of digital currencies for criminal activities.
2019-9-5 19:30 | |
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The government of Argentina has imposed capital controls on its citizens in a response to growing financial issues for the country. The South American country has limited dollar purchases to only $10k per month after $3 billion was drained out of their foreign currency reserves on Thursday and Friday alone.
2019-9-2 00:07 | |
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The chairperson of the South Korean Financial Services Commission (FSC) has stated that he is in favour of a proposed reporting system for crypto exchanges operating in the nation. The regulations may serve to make digital currency trading platforms more transparent, as well as helping to protect against money laundering and other financial crimes.
2019-8-28 23:00 | |
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CNN is leaning into live prediction markets with Kalshi.
Russia’s crypto strategy may move from shadow use to state-regulated access as pressure from global sanctions mounts.
UPay, a global crypto payment card provider, has entered a strategic partnership with StraitsX, a Singapore-based stablecoin-native settlement layer, aiming to build foundational financial infrastructure that supports everyday stablecoin payments worldwide.
Stablecoins will be officially recognised as a payment method starting January 1, 2026, in Uzbekistan as part of a broader effort to modernise the country’s financial landscape. Sandbox to test stablecoins and tokenised assets The Uzbekistan government has established a regulatory sandbox under the supervision of the National Agency for Perspective Projects, working closely with […]
With the legal framework still undecided, banks and tech firms are quietly laying the foundation for South Korea’s stablecoin future.
Klarna, the Sweden-based digital bank and payments provider popular for its “buy now, pay later” product, is making a foray into the stablecoin market. The company announced on Tuesday, that it was launching its own stablecoin dubbed KlarnaUSD, a US dollar-pegged stablecoin it plans to tap into to bolster its traction across the cross-border payments […]
Paxos has taken its next step in multi-chain stablecoin infrastructure with a targeted launch across key networks. Paxos has named three fast-rising networks as the first venues for its new omnichain stablecoin, setting the stage for regulated liquidity across multiple…