News with the tag "South Korea"

An exclusive new South Korean social club that caters to the super-rich and commands a KRW 1 billion ($734,290) annual membership fee could exclude people who made their fortunes from trading crypto , a report has claimed. A reporter from the South Korean newspaper Kookmin Ilbo visited the club, nam...

BitcoinWorld Danal’s Strategic Push: 20 Trademark Applications Pave Way for Korean Stablecoin Breakthrough The world of digital finance is constantly evolving, and South Korea is quickly becoming a pivotal player in this transformation. Recently, a significant development emerged that has piqued the...

The South Korean crypto exchange Bithumb is set to launch a spinoff company as it pushes ahead with an initial public offering (IPO) bid . The trading platform has indicated that it is still on track to debut on the KOSDAQ exchange in the first half of 2026. However, South Korean market insiders are...

South Korea is accelerating efforts to regulate stablecoins, with new capital requirements under discussion. Two proposed bills would require issuers to maintain a minimum capital of 500 million to 1 billion won. Authorities are aligning South Korea’s approach with international standards set by the...

BitcoinWorld South Korea’s Strategic Push: Unveiling Won-Denominated Stablecoin Regulations The world of digital finance is rapidly evolving, and at its forefront, nations are grappling with how to integrate cryptocurrencies safely and effectively into their traditional financial systems. One of the...

Korean virtual asset investors show a clear preference for Bitcoin ( BTC) as a primary holding, gradually diversifying into altcoins and stablecoins as they gain experience, according to a new study. Crypto Investors Typically Hold Two Coins A new study from the Hana Financial Research Institute hig...

BitcoinWorld Korean Won Stablecoin: Upbit and Naver’s Revolutionary Partnership Unlocks Future Payments A seismic shift is underway in South Korea’s financial landscape, as two of its biggest names, crypto exchange Upbit and tech giant Naver, join forces. This isn’t just another tech alliance; it’s ...

Korean companies are joining the stablecoin race, with Upbit and Naver Pay becoming the latest entrants in the market. South Korean firms are increasingly taking advantage of the new regulatory clarity around stablecoins. On Tuesday, June 1, Upbit, the nation’s largest crypto exchange, and Naver Pay...

South Korean cryptocurrency exchange Upbit is working with payments company Naver Pay to promote a won (KRW) stablecoin initiative, KBS reported , citing an unidentified official from Dunamu, Upbit's parent company. The two companies are pursing a payments business based on the stablecoin, the offic...

The Bank of Korea (BOK) has reportedly halted its Central Bank Digital Currency (CBDC) project following the South Korean government’s focus on stablecoins. The shift has left project participants with “no long-term roadmap” and banks pivoting to this sector. BOK Suspends Second Phase Of CBDC Testin...