News with the tag "South Korea Crypto"

In an attempt to strengthen regulatory oversight, South Korea has launched a crackdown on unregistered overseas crypto exchanges operating in the country. The country’s Financial Intelligence Unit (FIU) has identified multiple platforms illegally functioning in the country. Reportedly, crypto exchan...

Korea Exchange chairman Jeong Eun-bo recently pushed for the country’s approval of crypto exchange-traded funds (ETFs). Amid the country’s stock market crisis, he urged revamping South Korea’s financial industry to strengthen the market and compete with other nations. South Korea ‘Needs’ Crypto ETFs...

South Korea’s largest crypto exchange, Upbit, has reportedly received a suspension notice from the Financial Services Commission (FSC) for allegedly violating anti-money laundering (AML) and Know-your-client (KYC) requirements. Upbit Faces Suspension Of Up To 6 Months On Thursday, the Maeil Business...

The CEO of K-pop giant Cube Entertainment is under fire after being accused of participating in a crypto investment scam. He is suspected of allegedly using the entertainment company to inflate the price of the alleged scam token and now risks legal action. K-Pop Powerhouse CEO Under Fire On Thursda...

Recent reports revealed that South Korea is set to ease its restrictions on institutional crypto investment. Secretary-General of South Korea’s Financial Services Commission (FSC) announced the watchdog’s plan to review its restrictions amid the ongoing changes in South Korea’s regulatory approach. ...

In a major update from South Korea, the Financial Services Commission (FSC) has expressed its desire to approve corporate investments in crypto assets. This marks a significant move for the crypto market, especially in South Korea where agencies are also contemplating strengthening the collaboration...

South Korea's crypto user base surged to 15.59 million in November, surpassing 30% of the population.

Korea Exchange’s chief recently suggested that South Korea must review its crypto approach and institutionalize digital assets soon to compete against other nations. The call for change comes amid the country’s political turmoil, which has halted all related regulations until 2025. Korea Exchange Ch...

Yesterday, the South Korean crypto market suffered a violent drop after an emergency martial law was declared. This caused a massive sell-off that sent the price of most cryptocurrencies to monthly lows. After the turmoil, local exchanges saw a record-breaking daily trading volume for the second con...

In the last 24 hours, South Korean residents have witnessed a rollercoaster with the country’s President, Yoon Suk Yeol, announcing the military rule or Martial law before lifting it again within a few hours. The East Asian country with a population of just 51.7M people has had a rough history and i...