Seoul, South Korea – February 2025: A significant regulatory gap has emerged as unregistered crypto exchange apps remain accessible on the Google Play Store, defying a planned enforcement action by South Korea’s Financial Intelligence Unit (FIU). Major offshore platforms, including Binance, Bybit, and Bitget, continue to be available for download and updates, raising critical questions […]
Seoul, South Korea: A significant political clash over cryptocurrency regulation is unfolding in South Korea, as the nation’s ruling party publicly opposes a key legislative proposal from its top financial regulator. The Financial Services Commission’s (FSC) push to impose a stake limit on major shareholders of digital asset exchanges has met fierce resistance from the […]
Seoul, South Korea – February 2025: In a decisive move to shape its digital asset future, South Korea’s ruling Democratic Party has reached a consensus on a foundational element of its upcoming cryptocurrency legislation. The party plans to mandate that all stablecoin issuers operating in the country maintain a minimum capital reserve of 5 billion […]
Seoul, South Korea – May 2025: In a significant move that bridges traditional industrial power with the digital asset frontier, Yoon Do-yeon, the son-in-law of SK Group Chairman Chey Tae-won, has officially launched the crypto investment firm Hedron. This strategic entry into the virtual asset investment market leverages Yoon’s deep background in semiconductors and artificial […]
Seoul, South Korea: In a significant development for the nation’s digital asset landscape, South Korean financial authorities have proposed the creation of a joint fund for cryptocurrency exchanges. This initiative, first reported exclusively by Herald Business, aims to finance social contribution activities and forms part of a broader regulatory effort to enhance governance and address […]
Seoul, South Korea – January 29, 2025: In a move that has sent ripples through the nation’s burgeoning digital asset sector, South Korea’s Financial Services Commission (FSC) has postponed its final decision on licensing operators for over-the-counter (OTC) exchanges dedicated to security tokens. The delay, confirmed by the Korea Economic Daily, occurred during the commission’s […]
Seoul, South Korea, January 28, 2025: In a move signaling a significant evolution in its digital asset framework, South Korea’s top financial regulator has proposed a fundamental change to how cryptocurrency exchanges operate. Lee Eok-won, Chairman of the Financial Services Commission (FSC), has formally suggested transitioning the nation’s crypto trading platforms from a registration-based system […]
Seoul, South Korea, January 2025: The South Korean cryptocurrency market has experienced a remarkable transformation, with the number of active traders surging by over 70% in just three years. New data from the Financial Supervisory Service reveals a profound shift in national investment behavior, as participation on the country’s five major exchanges climbed from 5.82 […]
Seoul, South Korea – January 29, 2025: In a significant setback for the nation’s digital asset regulatory framework, South Korea’s ruling Democratic Party has failed to reach an internal consensus on the pivotal stablecoin provisions within its planned Digital Asset Basic Act. The party’s digital asset task force announced the deadlock on January 28, revealing […]
Seoul, South Korea – January 2025: In a significant regulatory move, South Korea will require homebuyers in regulated metropolitan areas, including Seoul, to disclose proceeds from cryptocurrency sales as part of their capital procurement plans for real estate transactions. This new mandate, set to begin in February, represents a pivotal step in the government’s ongoing […]
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