Are you a cryptocurrency holder, especially one with international dealings? If so, recent news from South Korea should be on your radar. Lim Kwang-hyun, the nominee to lead South Korea’s National Tax Service (NTS), has made a significant pledge: a firm and uncompromising crackdown on tax evasion, particularly involving private equity funds and, crucially, cryptocurrencies. […]
In the often-volatile world of cryptocurrency, market anomalies can present both perplexing challenges and intriguing opportunities. One such anomaly, the Bitcoin Kimchi Premium, has long been a subject of fascination, typically indicating a higher Bitcoin price in South Korea compared to global markets. However, a recent and rather unusual shift has occurred: the Bitcoin Kimchi […]
South Korea is making headlines with its groundbreaking move to regulate won-backed stablecoins, aiming to balance innovation with financial stability. This policy shift could redefine the future of digital finance in the region. But what does this mean for investors and the global crypto market? Let’s dive in. Why is South Korea Regulating Won-Backed Stablecoins? […]
In a shocking turn of events, two individuals in South Korea have been arrested for luring a victim into a robbery under the guise of a crypto OTC trade. This incident highlights the risks associated with in-person cryptocurrency transactions. Read on to learn how the scam unfolded and how you can protect yourself. How Did […]
In a surprising turn of events, South Korea’s stock market has edged past Bitcoin in total market capitalization. This milestone marks a significant shift in the financial landscape, blending traditional and digital asset markets. What does this mean for investors and the future of cryptocurrency? South Korea’s Stock Market vs. Bitcoin: The Numbers As of […]
A significant leadership change is underway at Coinone, one of South Korea’s leading cryptocurrency exchanges. Coinone CEO Cha Myung-hoon, the visionary founder, will step down from his chief executive role. This marks a pivotal moment for the firm and the broader South Korean crypto market. After 11 years at the helm, Cha’s departure signals a […]
In a significant move for the cryptocurrency sector, Woori Bank and three other major Korean firms have filed trademark applications for stablecoins. This development highlights South Korea’s growing influence in the blockchain and digital asset space. Why Are Woori Bank and Korean Firms Betting on Stablecoins? Stablecoins have emerged as a crucial component of the […]
Dunamu, the powerhouse behind South Korea’s premier cryptocurrency exchange Upbit, recently announced remarkable financial results. The company posted an impressive 11% rise in its first-half operating profit, reaching a substantial $396.3 million. This significant achievement underscores the robust health and continued growth of the digital asset sector, particularly within the highly regulated South Korean market. […]
South Korean cryptocurrency exchange Bithumb has announced a crucial period of system maintenance. This significant upgrade aims to enhance the platform’s overall performance and security. Users should be aware of the scheduled downtime to avoid any disruptions to their trading activities. Understanding the Bithumb System Upgrade Bithumb, a prominent crypto exchange, confirmed on its official […]
The potential for a won-backed stablecoin in South Korea faces significant hurdles. This is largely due to the nation’s stringent currency regulations. CoinDesk recently highlighted these challenges. Such rules make launching a practical digital currency difficult. They primarily affect its utility in global markets. Therefore, understanding these controls is crucial for anyone interested in digital […]
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