South Korea

Highlights: Coinone has launched the first Bitcoin staking service in South Korea through the Babylon protocol. A promotional event for Coinone Bitcoin staking runs until September 7 with 10 million won in rewards. South Korea paused crypto lending but prepared […]

Highlights: Bitplanet unveils $40M Bitcoin treasury, becoming Korea’s first institutional BTC firm. Asia Strategy Partners acquires 62% of SGA and rebrands it as Bitplanet. South Korea joins Japan in advancing corporate Bitcoin treasury adoption. Bitplanet has introduced the initial institutional […]

Highlights: FSC directs South Korean exchanges to suspend crypto lending operations immediately. Major exchanges recently expanded borrowing options backed by crypto and fiat deposits. South Korea prepares clear lending rules while advancing ETFs, stablecoins, and tax incentives. On August 19, […]

Highlights: South Korea plans to submit a stablecoin bill in October as part of its digital asset framework expansion plan. Major banks and tech firms have voiced support for the stablecoin initiative to build a secure won-pegged stablecoin. The FSC […]

Highlights: Jeju City cracks down on tax evaders by seizing crypto from 49 residents holding $165000 in hidden assets. Authorities in Jeju reviewed 2962 residents with tax arrears totaling $14.2 million and confirmed hidden crypto holdings. South Korean cities like […]

Highlights: Bithumb relaunches crypto lending services with new rules that reduce leverage. The South Korean task force is working on crypto lending guidelines to establish leverage caps. The crypto ownership in South Korea is highest among people in their 40s, […]

Highlights: KakaoBank eyes Won-backed stablecoins amid South Korea’s digital asset market expansion. KakaoBank aligns with national efforts to regulate and issue local currency-backed stablecoins. Kakao’s stablecoin task force unites key affiliates to streamline digital asset strategies. KakaoBank has revealed its […]

Highlights: XRP custody goes live in South Korea through the Ripple and BDACS partnership. BDACS enables secure XRP storage for Korean institutions and exchanges. Ripple Custody platform supports both XRP and RLUSD for institutional asset management. BDACS has partnered with […]

Highlights: Bitsonic CEO received another prison sentence after defrauding investors through fake trading activity on the BSC token. Shin used false Korean won points to buy crypto and invested the money in businesses not linked to the exchange. The court […]

Highlights: South Korea has tightened restrictions on crypto ETFs by asking asset managers to lower crypto stock exposure. Firms say the ETF structure makes it hard to cut crypto stocks without causing major index tracking issues. The regulatory body noted […]

Highlights: South Korea plans to let crypto firms register as venture companies and access tax and financial benefits. Crypto exchanges may qualify for venture status under the new law and receive support like other startups. The policy shift supports President […]

Highlights: South Korea has delayed the CBDC testing as banks raise concerns over high costs. Lawmakers are pushing for a stablecoin law to reduce reliance on foreign-backed tokens in the Korean crypto market. Eight major banks plan to launch a […]