Upbit Suspends High Volume Crypto Transactions
Upbit has announced that it will temporarily suspend deposits and withdrawals of digital assets worth more than 1 million Korean won ($721).
Won Overtakes USD as World’s Most Traded Fiat for Crypto Transactions
In the first quarter of 2024, the South Korean won has surpassed the US dollar as the world’s most heavily traded fiat currency against cryptocurrencies.
Do Kwon Will Be Extradited to South Korea, Not to US
The court in Montenegro has ruled that Do Kwon, co-founder of Terraform Labs, will be extradited to South Korea.
South Korea to Ease Crypto Regulations After Elections
After the upcoming April elections in South Korea, the newly formed government may ease regulations on digital assets.
South Korea Urges Regulator to Reconsider Stance on Spot Bitcoin ETFs
The South Korean Office of the President is urging the financial regulator to reconsider its stance on approving a local Bitcoin exchange-traded fund (ETF).
South Korea’s Regulator: Bitcoin ETFs Could Violate Local Law
According to a statement released by the Financial Services Commission (FSC) of South Korea, there may be a violation of Korean law by US Bitcoin ETFs that have recently been listed.
Hashed Invests $28.44M in Blockchain
Hashed, South Korea’s foremost crypto venture, has boldly faced the challenges of the crypto winter, committing a substantial $28.44 million (36.8 billion won) to blockchain projects this year.
