South Korea Enhances Crypto Regulations in Advance of Institutional Entry
South Korea is tightening its regulations on digital asset transactions as it prepares for institutional players to enter the crypto market.
Won-Based Stablecoin Proposal by South Korea’s Democratic Leader Targets Capital Outflows
Lee Jae-myung, leader of South Korea’s Democratic Party, has recommended creating a stablecoin tied to the Korean won to tackle capital outflows and reinforce national financial sovereignty.
South Korea Bans 14 Crypto Exchanges on Apple Store
South Korean regulators are intensifying their efforts against digital asset firms by requesting that Apple block access to 14 apps domestically.
Bank of Korea Rejects Bitcoin for its Foreign Reserves
The Bank of Korea has opted not to include Bitcoin in its foreign exchange reserves due to its high volatility and failure to meet the International Monetary Fund’s guidelines on liquidity and risk management.
South Korea’s Regulator Tightens AML Supervision
South Korea’s financial authorities are ramping up their anti-money laundering (AML) initiatives to tackle the rising risks associated with the swift increase in virtual asset transactions.
South Korea Unveils its Prosecution Crypto Crime Unit
The South Korean prosecution service has officially established a specialized unit dedicated to combating crypto scams and coin fraud.
South Korea Issues Suspension Order Against Upbit
Upbit, one of South Korea’s largest cryptocurrency exchanges, may face sanctions for not complying with the country’s anti-money laundering and know your customer (KYC) requirements.
