Ripple overtakes Ethereum as second-most preferred token in South Korea: report
A recent survey shows that while Bitcoin remains the most preferred crypto among South Korean investors, Ripple has surpassed Ethereum in popularity. Bitcoin (BTC) remains the favorite cryptocurrency among South Korean investors, while XRP (XRP) has surpassed Ethereum (ETH) in popularity, according to a survey conducted by Korean news outlet News1. From Dec. 24 to […]
South Korea plans to explore crypto ETFs and let firms launch security tokens in 2025
Chairman of the South Korea Exchange, Jeong Eun-bo, said the exchange wants to ‘explore’ crypto spot ETF approval in 2025. The country’s FSC also wants to allow companies to launch security token offerings. According to South Korean media outlet The Fact, Jeong spoke at the the Securities and Derivatives Market Opening Ceremony 2025 about wanting […]
South Korea sanctions DPRK hackers behind crypto attacks
South Korea has imposed new sanctions on North Korean hackers responsible for stealing over $1 billion in crypto, with the illicit funds fueling the regime’s weapons programs. The South Korean government has announced sanctions on the 313 Bureau, a North Korean cyber unit involved in widespread crypto theft. In a Dec. 26 public statement, the […]
One in three Koreans now own crypto, Bank of Korea says
A new report shows that more than 30% of the South Korean population holds crypto, with investors now holding over 100 trillion won in assets. South Korea‘s crypto market is rapidly booming as the number of investors reached 15.59 million by the end of November, Yonhap News Agency reports, citing data shared by Democratic Party […]
South Korea, US team up to craft new strategies against North Korean crypto heists: report
The U.S. and South Korea have reportedly partnered to develop tools aimed at countering North Korea-linked crypto thefts and tracking billions of dollars in stolen digital assets. The United States and South Korea are said to be working together to create new mechanisms to prevent crypto thefts linked to North Korea, South Korea’s news agency […]
Martial law causes Bitcoin crash to $65K in South Korea — Here’s why
One analyst said South Korea’s limiting of the market to a few players caused a sudden decrease in liquidity. Source link
Long-time stakeholder in Upbit’s parent seeks exit just day after South Korea lifts martial law: report
Woori Technology, a long-time shareholder in Dunamu, parent company of crypto exchange Upbit, plans to exit after nine years, following a failed coup in South Korea. Woori Technology Investment, a South Korean venture capital firm, is reportedly planning to sell its nine-year stake in Dunamu, the parent company of crypto exchange Upbit, local media outlet […]
Crypto markets claw back as South Korea reverses martial law
South Korean President Yoon Suk Yeol has reversed his declaration of martial law after six hours of heightened tension at South Korea’s National Assembly. Source link
South Korea probes Upbit for 600K KYC violations
Due to the alleged KYC violations, Upbit reportedly faces fines of $71,500 per case in addition to possible issues with its business license renewal. Source link
