BITPRISMIA
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South Korea's Financial Services Commission (FSC) will implement a two-phase regulatory framework in late 2025 to expand crypto market access for professional investors, while maintaining strict compliance with AML and KYC rules.
Upbit has integrated BDACS and Custella into its Travel Rule-compatible network to enhance compliance and streamline virtual asset transactions for users in South Korea.
South Korea is expanding access to its cryptocurrency market for professional investors through new FSC guidelines set for H2 2025, aiming to enhance market liquidity and attract global capital.
South Korean prosecutors have appealed the acquittal of Henry Chang, former CEO of Wemade, in a case involving alleged manipulation of the WEMIX token's circulation volume, highlighting significant implications for crypto regulation in South Korea.
The Seoul High Court has recommended mediation in a tax dispute between Dunamu, the operator of Upbit, and the National Tax Service over a 2.6 billion won assessment, which could set a precedent for crypto taxation in South Korea.
Stellar (XLM) has outperformed XRP with a 63% weekly surge, becoming the top-performing token in the CoinGecko top 100 cryptocurrencies, while XRP saw a 39% rise.
South Korea’s Shinhan Bank has launched crypto services on its SOL banking app, marking a significant step in integrating cryptocurrency with traditional banking services in South Korea.
South Korea's Upbit exchange faces a potential $131.5 billion fine due to alleged legal violations uncovered by the Financial Intelligence Unit (FIU), highlighting the country's strict regulatory stance on cryptocurrency exchanges.
Shinhan Bank has launched a dedicated crypto page in its SOL Bank app, becoming the first Korean commercial bank to integrate cryptocurrency services, which could significantly impact the South Korean crypto market and set a precedent for other banks.