South Korean Ruling Party Demands Stablecoin Plan, Floats Consortium Model
South Korea’s ruling party has drawn a line in the sand, ordering the Financial Services Commission to deliver a stablecoin regulatory plan by December 10.
Upbit Hack Echoes Past Exchange Vulnerabilities in $37M Heist
In a sobering reminder of the crypto industry’s security risks, South Korea’s largest exchange, Upbit, has been hacked for $37 million.
FIU to Slap Sanctions, Fines on Crypto Exchanges After AML Probes
South Korea’s financial intelligence unit is set to impose sanctions and fines on multiple domestic cryptocurrency exchanges, following investigations that revealed anti-money laundering failures.
How a US Settlement Unlocked Binance’s $4.3B Path Back into South Korea
Binance’s acquisition of Gopax is finally complete, a direct consequence of the exchange resolving its high-stakes legal disputes in the United States.
Naver Tightens Grip on Fintech Future with Full Acquisition of Upbit
Naver is strategically positioning itself for the future of finance by moving to fully acquire South Korea’s leading crypto asset, Upbit.
South Korean Ministry Revises Decree to Include Crypto in Venture Framework
The South Korean Ministry of SMEs and Startups has passed a partial revision to the Enforcement Decree of the Venture Business Act, removing restrictions on virtual asset businesses.
South Korea Imposes 20% Cap on Crypto Lending and Bans High-Risk Loans
South Korea’s Financial Services Commission (FSC) has introduced strict new rules for cryptocurrency lending.
