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.
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 is strategically positioning itself for the future of finance by moving to fully acquire South Korea’s leading crypto asset, Upbit.
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’s Financial Services Commission (FSC) has introduced strict new rules for cryptocurrency lending.
South Korea’s financial watchdog has temporarily barred cryptocurrency exchanges from offering lending services, disrupting a fast-growing sector of the digital asset market.
KakaoBank is positioning itself to capitalize on South Korea’s growing crypto market, with plans to offer stablecoin-related services.
