SEOUL, South Korea – January 2025: The once-booming cryptocurrency trading scene in South Korea has entered a period of profound contraction. Recent data reveals a staggering collapse in market activity, with daily trading volume on the nation’s top five exchanges plummeting by over 80% compared to the same period last year. This dramatic shift signals […]
In a significant move for the Asian cryptocurrency market, South Korea’s premier digital asset exchange, Upbit, has declared a temporary halt on all deposit and withdrawal services for the Hippo Protocol (HP) token. This pivotal suspension, effective from 9:00 a.m. UTC on January 28, directly results from a scheduled network upgrade for the Hippo Protocol […]
SEOUL, South Korea – February 2025 – In a decisive move that could reshape the nation’s digital asset landscape, South Korea’s Financial Services Commission (FSC) is drafting stringent regulations that would impose strict liability and potentially crippling punitive fines of up to 10% of an exchange’s revenue for security breaches. This proposal, first reported by […]
SEOUL, South Korea – A proposed cryptocurrency exchange ownership cap has ignited significant opposition within South Korea’s ruling Democratic Party, creating a pivotal moment for the nation’s digital asset regulation framework. Industry leaders and academic experts have joined political figures in challenging the 15-20% ownership limit proposal, arguing instead for strengthened market fairness regulations. This […]
In a significant regulatory development shaking South Korea’s cryptocurrency landscape, Coinone has designated eight digital assets as investment warnings, marking a pivotal moment for investor protection in 2025. The Seoul-based exchange announced this decisive action on Tuesday, targeting Cloudbric (CLBK), LoungeM (LZM), Crust Network (CRU), Fancy (FNCY), Iskra (ISK), Everyworld (EVERY), Havah (HVH), and sKLAY […]
SEOUL, March 2025 – South Korea’s leading cryptocurrency exchange Upbit has triggered significant market attention by designating Napoli (NAP) as an investment warning item, a move that immediately impacted trading volumes and investor sentiment across Asian markets. This regulatory action represents the latest development in South Korea’s ongoing efforts to enhance investor protection within the […]
In a definitive move blending modern finance with civic duty, the South Korean city of Cheongju has successfully sold confiscated cryptocurrency from local tax delinquents, converting digital assets into public funds and setting a powerful precedent for municipal enforcement. This landmark action, completed in late 2024, represents the first finalized sale since the city initiated […]
SEOUL, South Korea – January 16, 2025 – The South Korean government has delivered crucial clarity for cryptocurrency holders by specifying definitive valuation standards for virtual assets subject to inheritance and gift taxes. This long-awaited move, announced by the Ministry of Economy and Finance, establishes a transparent, market-based framework that directly impacts financial planning for […]
SEOUL, SOUTH KOREA — April 2025 marks a transformative moment for Asia’s fourth-largest economy as blockchain education firm Undefined Labs announces a strategic partnership with the Ethereum Foundation Enterprise Team, launching an ambitious initiative to educate South Korea’s entire financial sector about Ethereum technology and its institutional applications. Ethereum Foundation’s Strategic Move into South Korean […]
SEOUL, South Korea – December 2024 marks a pivotal moment in Asian financial regulation as South Korea’s National Assembly passes comprehensive amendments to the Capital Markets Act and Electronic Securities Act, establishing the nation’s first legal framework for token securities and security token offerings (STOs). This groundbreaking legislation, which passed during a plenary session after […]
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