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World Vision first nonprofit to trade crypto in South Korea after ban lifted
2.6.2025
World Vision cashed out nearly $1,500 worth of Ether received in a campaign in March that asked Upbit users to donate to help kids who can’t afford school supplies
Veteran capital in crypto is shaping South Korea’s elections
26.5.2025
Cryptocurrency has emerged as a defining issue in South Korea’s snap presidential election, with candidates vying for support from a growing base of digital asset investors across generations.All three front-runners have rolled out crypto-friendly proposals. These include the legalization...
South Korea Sees Crypto Boom: 30% of Population Now Owns Digital Assets
26.12.2024
South Korea has seen a significant surge in cryptocurrency adoption, with the number of users jumping by 610,000 in November to reach 15.59 million. Trump Victory Sparks Renewed Interest in Crypto The number of cryptocurrency users in South Korea jumped by 610,000 in November, reaching 15.59...
Martial Law Declared in South Korea Sparks Crypto Market Chaos
3.12.2024
South Korea’s recent declaration of martial law has roiled global cryptocurrency markets, sending shockwaves through trading activity and triggering significant price volatility. South Korea’s Martial Law Sends Bitcoin Reeling, Stabilizes Near $95K President Yoon Suk Yeol unveiled...
South Korea retail crypto trading hits $18B, beating local stock market
3.12.2024
South Korean retail traders were frenzying over “high momentum” tokens including XRP, DOGE, ENS, and HBAR on Dec. 2 trading
Trading Volumes on Korean Exchanges Surge With DOGE and XRP Dominating
25.11.2024
The recent spike in trading activity on Korean exchanges has brought the country and its retail investors to the fore of the crypto industry. Korean Investors Love to Play Big The South Korean cryptocurrency market is once again at the center of global attention with a recent surge in trading...
CEO of South Korean Crypto Firm Haru Invest Stabbed During Trial: Reuters
29.8.2024
The executive was taken to hospital; his injuries were not life threatening
Binance Seeks to Reduce Stake in Operator of South Korean Crypto Exchange Gopax to 10%
13.7.2024
Binance is reportedly seeking to reduce its stake in the South Korean crypto exchange Gopax’s parent company, Streami, to approximately 10%. Binance’s mooted sale of the stake to Megazone comes just over a year after Binance acquired the controlling stake. The exchange needs to offload...
CEO of defunct yield protocol says user deposits weren’t 'principal protected'
25.6.2024
The South Korean platform Delio collapsed last year due to counterparty exposure to Haru Invest, another South Korean crypto yield giant
South Korean Universities Face Banking Hurdles in Converting Crypto Donations to Cash
30.5.2024
South Korea’s regulations prohibiting corporations from opening virtual asset exchange accounts are making it impossible for local universities to liquidate their large cryptocurrency donations. Financial authorities cite money laundering concerns as the reason for maintaining the ban. Education...
South Korea Launches Investigation Into Worldcoin’s Data Collection Practices
6.3.2024
The government of South Korea has opened an investigation into Worldcoin, the iris scanning cryptocurrency and digital wallet project. According to a press release, the Personal Information Protection Commission, the data privacy watchdog in the country, will investigate the actions taken...
South Korea to Expel Crypto Exchanges Failing to Meet Its Stringent Conditions
15.2.2024
Cryptocurrency exchanges that fail to meet South Korea’s stringent operating standards will be expelled from the crypto market, the country’s financial intelligence agency has said. The Financial Intelligence Unit said its annual work plan incorporates the insights of cryptocurrency...
Haru Invest Execs Arrested in South Korea for Allegedly Stealing $828M Worth of Crypto: Report
6.2.2024
The platform paused withdrawals and fired 100 employees last June citing issues with service partners
South Korean Regulator to Discuss Spot Bitcoin ETF With U.S. SEC: Report
5.2.2024
In December it was reported that Financial Supervisory Service head Lee Bok-hyun was planning on meeting with the U.S. SEC Chairman Gary Gensler for the first time to discuss crypto regulation
South Korean Prosecutor in Court for Passing Information to a Virtual Asset Investment Fraudster
1.2.2024
On Jan. 30, a South Korean court continued with the trial of a prosecutor who is accused of passing sensitive information on the progress of an investigation to an alleged virtual asset investment fraudster. According to the Gwangju District Prosecutor’s Office, the acts by the prosecutor...
South Korean Tax Accountant: Digital Assets Held in Non-Custodial Wallets Not Subject to Overseas Reporting Requirement
5.1.2024
South Koreans with digital assets held in non-custodial or decentralized crypto wallets like Metamask or Ledger are reportedly not subject to the country’s overseas financial account reporting requirement. According to a South Korean tax accountant, only virtual assets held on overseas centralized...
South Korea to Make Officials' Crypto Disclosures Public
27.12.2023
Public officials will also be provided an asset disclosure service starting next year to report crypto and other holdings
South Korea Financial Regulator Proposes Consumer Protection Rules for Crypto Users
11.12.2023
The rules are scheduled to take affect on July 19 next year
Central Bank of Italy and South Korea Strike CBDC Partnership on IT and Payment Systems
5.12.2023
Source: AdobeStock The Central Bank of Italy and South Korea have announced a partnership to collaborate on key areas like payment systems and IT in the development of Central Bank Digital Currencies (CBDCs). A Dec 5 press release by La Banca d’Italia disclosed the agreement which would see both...
Report: Operator of South Korean Crypto Exchange Upbit Sees a Nearly 40% Drop in Operating Profit
30.11.2023
Dunamu, the operator of the South Korean crypto exchange Upbit, recently said it had realized an operating profit amounting to $79 million in the third quarter of 2023. Virtual asset valuation losses contributed to the 81.6% drop in the operator’s net profit for the period. Operating Profit...