Altcoins
South Korea's Financial Supervisory Service Calls for Reduced ETF Exposure to Coinbase
In a move to limit foreign crypto risks, South Korea's FSS advises asset managers to cut ETF holdings related to Coinbase.
Altcoins
Crypto Developments in Asia: Metaplanet's Major Move and Security Concerns
This week in Asia's cryptocurrency landscape showcases major firm acquisitions and rising security threats.
Crypto
Coinone Wins Legal Victory in South Korea Over Double Bitcoin Withdrawals
The court ruled that customers benefitted from an unintentional advantage due to network delays, rather than any fault of Coinone.
Crypto
Upbit Collaborates with Naver Pay on New KRW Stablecoin Initiative
The partnership aims to develop a won-based stablecoin to ease trading and reduce the 'kimchi premium' in South Korea.
Finance
Bank of Korea Pauses CBDC Initiative Amid New Stablecoin Bill Submission
The Bank of Korea has halted its central bank digital currency project, coinciding with the government's new proposal allowing companies to issue stablecoins.
Blockchain
South Korea Suspends CBDC Initiatives as Stablecoins Rise
The South Korean government has halted its Central Bank Digital Currency (CBDC) pilot project amid increasing adoption of stablecoins, reflecting a significant shift in the nation's financial strategy.
Crypto
Investors Flock to Circle in South Korea Amid Stablecoin Regulation Changes
South Korean retail investors are shifting focus towards Circle Internet Group, making it the top foreign stock amidst regulatory changes for stablecoins.
Altcoins
South Korean Banks Collaborate on New Won-Backed Stablecoin Initiative
A coalition of eight South Korean banks has formed a consortium to develop a won-backed stablecoin, marking a significant step towards digital currency integration in the region.
Crypto
Leading Banks in South Korea Collaborate to Create Won-Backed Stablecoin
A consortium of South Korea's major commercial banks is working on a stablecoin linked to the Korean won, aiming to counter the dominance of foreign stablecoins.
Crypto
South Korean Biotech Secures $183.3M to Develop Bitcoin Reserves
Bridge Biotherapeutics aims to establish a Bitcoin treasury, supported by significant funding from Parataxis.
Business
Tencent Considers Buying Nexon, the Creator of MapleStory Gaming Franchise
Tencent is looking to acquire Nexon, a South Korean game developer known for popular titles such as Dungeon & Fighter and MapleStory.
Crypto
South Korea’s President Proposes Legal Framework for Stablecoins
Lee Jae-myung, South Korea's newly elected President, has introduced a bill to allow local companies to issue stablecoins, marking a significant step in the country's crypto regulation.
Crypto
Lee Jae-myung Emerges Victorious in South Korea's Presidential Election with Crypto Promises
Lee Jae-myung, a strong advocate for the cryptocurrency sector, has been elected president of South Korea, pledging support for digital assets.
Altcoins
South Korea's Cryptocurrency Scene Poised for Growth Regardless of Election Results
As South Korea approaches election week, the cryptocurrency market is set for a breakthrough, with both presidential candidates promoting pro-crypto policies.
Crypto
Crypto Advances in South Korea Following Recent Elections
The South Korean crypto sector celebrates a promising future after the recent presidential elections, with candidates favoring pro-crypto policies.
Crypto
South Korea Set to Allow Non-Profits and Exchanges to Trade Crypto
New regulations from South Korea's Financial Services Commission will enable non-profits and digital asset exchanges to sell cryptocurrency while imposing strict operational rules.
Crypto
South Koreans Make Bold Investments in XRP and Dogecoin as Trade War Eases
South Korea's retail traders are gravitating towards XRP and Dogecoin, surpassing Bitcoin and Ethereum amid a rally spurred by reduced U.S.-China trade tensions.
Crypto
Lee Jae-Myung, South Korean Presidential Candidate, Vows To Legalize Crypto ETFs If Elected
Lee Jae-Myung promises to introduce policies for crypto ETFs and lower transaction fees as part of his campaign.
Adoption
South Korea's Ruling Party Commits to Approving Spot Crypto ETFs by Year-End
The People Power Party in South Korea has pledged to legalize spot cryptocurrency exchange-traded funds and transform the digital asset regulatory framework.
Crypto
This Week in Crypto Asia: A Focus on South Korea, Vietnam, Malaysia, Thailand, and Hong Kong
In this week's overview, we delve into the latest developments in the crypto landscapes of South Korea, Vietnam, Malaysia, Thailand, and Hong Kong, highlighting their unique approaches and emerging trends.
