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Nalezeno "South Korea": 1947

7-Eleven South Korea to accept CBDC payments in national pilot program

2.4.2025
South Korea’s 7-Eleven stores will accept payments in the country’s central bank digital currency (CBDC) until June, as the retailer participates in the test phase of its CBDC project. The convenience store chain will reportedly provide a 10% discount on all products paid for with...

Over 400 South Korean officials disclose $9.8M in crypto holdings

27.3.2025
South Korea’s Ethics Commission revealed that high-ranking public officials in the country hold an average of 35.1 million won ($24,000) in crypto assets. On March 27, the country’s Ethics Commission for Government Officials reportedly disclosed that more than 20% of the surveyed...

South Korea temporarily lifts Upbit’s 3-month ban on serving new clients

27.3.2025
A South Korean court temporarily lifted the partial business suspension on crypto exchange Upbit that had prohibited the trading platform from servicing new clients for three months. On Feb. 25, South Korea’s Financial Intelligence Unit (FIU) sanctioned the exchange, imposing...

Google Play blocks access to 17 unregistered exchanges in South Korea

26.3.2025
Google Play implemented access restrictions to 17 unregistered overseas crypto exchanges catering to local users in South Korea at the request of the country’s regulators. On March 21, the Financial Intelligence Unit (FIU) of the South Korean Financial Services Commission (FSC) said...

South Korea Cracks Down on Unregistered Overseas Crypto Exchanges

22.3.2025
South Korean financial authorities are cracking down on unregistered overseas cryptocurrency exchanges targeting Korean users. Enforcing the Specific Financial Information Act South Korean financial authorities are escalating their efforts to regulate the domestic cryptocurrency market by targeting...

South Korea to block non-compliant crypto exchanges

21.3.2025
South Korean authorities are reportedly looking into blocking crypto exchange platforms that may have operated without adhering to the requirements set by the country’s financial regulator. On March 21, local media Hankyung reported that the Financial Intelligence Unit (FIU) of...

South Korea eyes KuCoin, BitMEX in crypto exchange crackdown

21.3.2025
South Korean authorities are reportedly looking into blocking crypto exchange platforms that may have operated without adhering to the requirements set by the country’s financial regulator. On March 21, local media Hankyung reported that the Financial Intelligence Unit (FIU) of...

South Korea raids Bithumb amid ex-CEO’s alleged $2M embezzlement

20.3.2025
South Korean prosecutors raided crypto exchange Bithumb following suspicions that its former CEO embezzled funds to purchase an apartment. On March 20, Seoul’s Southern District Prosecutors Office reportedly searched Bithumbs offices in the country. The investigation centered around...

Bank of Korea Dismisses Bitcoin Reserves, Cites Volatility Concerns

19.3.2025
The Bank of Korea has stated it has not considered adding bitcoin ( BTC) to its foreign exchange reserves, emphasizing the need for extreme caution on this matter. Volatility: Crypto’s Achilles Heel The South Korean central bank has stated that it has not explored adding bitcoin ( BTC) to...

South Korea to Trial CBDC With 100,000 Users and 7 Banks

19.3.2025
South Korea’s CBDC pilot will involve seven major banks issuing deposit tokens, enabling 100,000 participants to make digital payments at top retailers like 7-Eleven, Hyundai Home Shopping, and Kyobo Bookstore. South Korea’s CBDC Pilot to Test Deposit Tokens in Real-World Transactions South Korea’s...

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