South Korea’s Strict Crypto Exchange Laws Take Effect
On July 19, South Korea’s financial security regulator implemented new regulations aimed at protecting users’ assets on crypto exchanges. These measures, part of the much-anticipated...
South Korean think tank advises caution on crypto ETFs
Researcher Bo-mi Lee Emphasizes Volatility and Regulatory Needs A finance and economics-focused think tank in South Korea has advised against the approval of spot crypto exchange-traded funds (ETFs)...
Blockchain-powered Digital IDs Features Rolling Out In South Korea by 2024
The citizens of South Korea is reportedly rolling out its blockchain-powered digital identification (ID) to replace physical cards as soon as 2024, with the country fast-tracking blockchain....
South Korean Authority Actively Making Investments In the Metaverse
South Korea – a country with a reputation of having a tight grip on crypto regulations – is reportedly having high expectations for one of the hottest areas of the industry – the...
Korean Crypto Exchanges Successfully Became Compliant With New Travel Rule
Crypto exchange entities functioning in South Korea have reportedly succeeded in meeting the required deadline from the authority to become compliant with the “Travel Rule: with a few exceptions. ...
Bank of Korea Finalized Initial Stage Of Virtual Currency Pilot
The Bank of Korea has reportedly finalized the initial stage of its central bank digital currency (CBDC) mock testing, which began in August last year. Specifically, The South Korean central bank...
South Korean Regulator Out Up Proposal For Tighter Regulatory Grasp For Token Issuers
South Korea’s Financial Services Commission (FSC) has reportedly carried out the issuance of a report detailing the new definition of crypto, together with proposed procedures for token issuers and...
Top-tier South Korea Blockchain Facing Heat From Rivals In NFT Market
South Korea’s nonfungible token (NFT) sphere has reportedly witnessed exponential growth during 2021, fueled by the development of crypto and NFT services from Kakao, but competition is heating...
Animoca Brands Disclosed Fresh Partnership to Create K-pop NFT Metaverse
NFT gaming entity Animoca Brands reportedly formed an alliance with Korea-based record label talent agency and music production firm, Cube Entertainment, to establish a “K-pop music metaverse.”...
Upbit First In Line to Submit Filing With South Korean Regulating Forces
Top-tier crypto firm from South Korea Upbit has reportedly finalized a submission for a business report with the Korean Financial Intelligence Unit (FIU). Specifically, Upbit reportedly included its...