The crypto world is reeling from the shocking $58M Yoon crypto scandal, which has entangled South Korea’s ex-president Yoon Suk-yeol in allegations of market manipulation, illicit political funding, and corruption. This explosive case highlights the dark intersection of politics and cryptocurrency. What is the Yoon Crypto Scandal? The Yoon crypto scandal centers around allegations that: […]
Starting June 24, South Korean crypto exchanges will roll out mandatory withdrawal delays, a bold move to clamp down on rampant voice phishing scams. The Digital Asset eXchange Alliance (DAXA) is spearheading this initiative to safeguard investors’ funds. Here’s what you need to know. Why Are South Korean Crypto Exchanges Introducing Withdrawal Delays? The new […]
South Korea is taking decisive action to tighten cryptocurrency lending rules amid growing concerns over high leverage risks. With major exchanges offering up to 4x leverage, regulators are stepping in to protect investors from volatile market swings. Here’s what you need to know. Why is South Korea tightening crypto lending rules? The Financial Services Commission […]
South Korean crypto exchange Bithumb has made an exciting announcement that will expand trading opportunities for its users. The platform revealed plans to list two new spot trading pairs: HOME/KRW and NEWT/KRW. This move demonstrates Bithumb’s commitment to providing diverse trading options in the dynamic cryptocurrency market. What Does the Bithumb Listing Mean for Traders? […]
South Korea’s stance on cryptocurrency regulations remains under scrutiny as the Presidential Transition Committee clarifies it is not yet reviewing a bank proposal to ease rules on digital assets. What does this mean for the future of crypto in Korea? Korea Crypto Rules: What’s the Latest? According to Yonhap Infomax, spokesperson Cho Seung-rae stated the […]
South Korea is making waves in the cryptocurrency world with its latest regulatory move. The Financial Services Commission (FSC) has teamed up with major crypto exchanges to draft comprehensive guidelines for Bitcoin lending services. This initiative aims to create a safer and more transparent environment for digital asset leveraged trading. Why is South Korea focusing […]
In a shocking turn of events, a man in his 20s was arrested in South Korea for allegedly robbing a crypto trader of 70 million won (approximately $53,000) by luring the victim through a fake cryptocurrency deal. This incident highlights the growing risks in the crypto space, where scams and frauds are becoming increasingly sophisticated. […]
In a bold move that could reshape South Korea’s financial landscape, eight major banks are joining forces to launch a won-based stablecoin. This ambitious project represents a significant step toward integrating traditional banking with blockchain innovation. Why are South Korean banks launching a stablecoin? The participating institutions – including KB Kookmin, Shinhan, and Woori – […]
Attention crypto traders! Bithumb, one of South Korea’s largest cryptocurrency exchanges, has announced a temporary suspension of all crypto deposits and withdrawals on June 30. This move is part of a scheduled digital asset audit, raising questions about its impact on the market. Why is Bithumb suspending crypto deposits and withdrawals? Bithumb has confirmed that […]
South Korea’s payment landscape is evolving rapidly, and Npay—backed by tech giant Naver—is leading the charge with its ambitious plan to build Korean won-based stablecoin infrastructure. This move could revolutionize digital payments in the region. Why is Npay Building Korean Won Stablecoin Infrastructure? Npay’s initiative aims to create a seamless bridge between traditional finance and […]
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