Hold onto your crypto wallets, folks! The winds of regulation are blowing strong in South Korea, and the latest gust has hit none other than Upbit, the nation’s largest crypto exchange. In a move that has sent ripples through the digital asset market, the Korean financial watchdog has dropped the hammer, suspending certain key operations […]
In a surprising move that sent shockwaves through financial markets, the Bank of Korea (BOK), South Korea’s central bank, has announced a significant reduction in its base interest rate. The rate has been lowered by 25 basis points, bringing it down from 3.0% to 2.75%. This unexpected decision, revealed on their official website, has sparked […]
Get ready for a jolt in the crypto world! South Korean powerhouse exchange Bithumb has just dropped a bombshell: Bitcoin Gold (BTG) is getting the boot. In an official announcement that has sent ripples through the market, Bithumb declared it will delist BTG on March 24th at 06:00 UTC. If you’re holding BTG or keeping […]
Heads up, crypto enthusiasts! In a move that has sent ripples through the digital asset sphere, South Korean crypto exchange giant, Bithumb, has just dropped a bombshell. Get ready for some changes if you’re holding Valor Token (VALOR) because Bithumb will delist Valor Token from its platform. This isn’t just a minor tweak; it’s a […]
In a surprising move that signals a significant strategic realignment, South Korean payment heavyweight Danal is streamlining its business operations. The company is set to divest its stake in Manna Corporation, a delivery service platform innovator. Why the shift? Danal is doubling down on its core strength: payment solutions, and aggressively expanding into the burgeoning […]
In a dramatic turn of events that has sent shockwaves through the cryptocurrency world, South Korean crypto personality Park, known online as “Jonbur Kim” or “HODL Kim,” has been rearrested. This shocking development comes hot on the heels of his bail release while already on trial for a separate, substantial crypto scam amounting to 20 […]
Frustration ripples through the digital asset community as news breaks from South Korea: the much-anticipated security token bill will not be discussed in the current parliamentary session. If you’ve been keenly following the developments in crypto regulation, especially concerning security tokens, this update from South Korea might feel like a setback. Let’s dive into what […]
Exciting news from South Korea’s financial sector! Leading financial institution, Shinhan Bank, is making a bold stride into the world of digital currencies. In a move signaling serious intent, they’ve established a dedicated crypto task force. What does this mean for the future of virtual assets and traditional finance in South Korea? Let’s dive into […]
In a significant win for the cryptocurrency industry in South Korea, the Supreme Court has once again sided with crypto exchanges, this time nullifying a substantial tax levy on Coinone. Following a similar ruling in favor of Bithumb, this latest decision casts a spotlight on the ongoing debate surrounding South Korea crypto tax regulations and […]
Is the crypto landscape in South Korea about to face a significant shake-up? Buckle up, because the nation’s financial watchdog, the Financial Supervisory Service (FSS), is gearing up to intensify its scrutiny of virtual asset service providers (VASPs) this year. This news signals a crucial phase for the Korean crypto market, emphasizing the growing importance […]
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