South Korea’s New Crypto Regulation Comes Into Effect
South Korea’s much-anticipated Virtual Asset User Protection Act (VAUPA) has officially taken effect, a significant step in regulating the country’s booming cryptocurrency market.
South Korea Launches a Crypto Monitoring System
The Financial Supervisory Service of South Korea has announced it has created a new 24-hour surveillance system for the cryptocurrency market.
South Korea Crypto Exchanges to Delist Hundreds of Altcoins in 2024
South Korean cryptocurrency exchanges may soon delist numerous alternative coins, as financial authorities increase their efforts to regulate the sector.
Korean Regulators Under Pressure to Approve Crypto ETFs
The South Korean government faces increasing pressure to approve cryptocurrency ETFs after the SEC approved spot Ethereum ETFs in the United States, following the earlier approval of Bitcoin ETFs.
South Korea to Make its Crypto Investigation Unit Permanent
According to a local news report, South Korea is making efforts to make its temporary crypto investigative unit a permanent one in response to the rising number of criminal and fraudulent cases.
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.
