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Upbit and Bithumb suspend Synthetix token deposits citing sUSD risks
24.4.2025
South Korean exchanges Upbit and Bithumb have suspended deposits for Synthetix (SNX) tokens after it was flagged by the Digital Asset Exchange Alliance (DAXA) for potential risks.DAXA, the self-regulatory organization establishing industry standards for South Korean exchanges, designated SNX as...
Upbit and Bithumb suspend Synthetix token deposits, citing sUSD risks
24.4.2025
South Korean exchanges Upbit and Bithumb have suspended deposits for Synthetix (SNX) tokens after it was flagged by the Digital Asset Exchange Alliance (DAXA) for potential risks.DAXA, the self-regulatory organization establishing industry standards for South Korean exchanges, designated SNX as...
Report: South Korea’s Bithumb to Spin Off Non-Core Units Ahead of IPO
22.4.2025
Bithumb is breaking itself in two as it races toward an IPO, carving out its exchange and investment units to streamline operations and court investors. Bithumb’s Corporate Split Sets Stage for IPO Local media reports that the South Korean cryptocurrency exchange Bithumb is restructuring...
Astra Fintech Launches $100 Million Fund to Boost Solana Ecosystem Innovation
22.4.2025
Astra Fintech has announced the launch of a $100 million fund aimed at accelerating innovation within the solana ecosystem. This initiative seeks to identify and support high-potential builders and startups, building on Astra’s successful track record with projects like Mulex, DEPE, and Mone,...
Bithumb to Split in Two as Crypto Exchange Inches Toward South Korean IPO
22.4.2025
A filing on the country's corporate registry shows the exchange registered a new entity in preparation for an IPO
Won vs. Dollar: Diverging Bitcoin Prices Hint at Market Inflection
20.4.2025
Since bitcoin briefly dipped below global averages in South Korea on April 9, the past ten days have seen the coin fetch a premium, touching 2.97% above international benchmarks. Seoul’s Bitcoin Premium Hits 3% With fewer high-return domestic investment avenues, South Koreans often gravitate toward...
South Korean crypto emerges from failed coup into crackdown season
18.4.2025
South Korea kicked off 2025 with political chaos, regulatory heat and a crypto market finally brought to heel — or at least forced to grow up.The nation closed 2024 in disarray following then-President Yoon Suk Yeol’s botched martial law stunt in December.In the aftermath, authorities...
South Korean crypto emerges from failed coup into crackdown season
18.4.2025
South Korea kicked off 2025 with political chaos, regulatory heat and a crypto market finally brought to heel — or at least forced to grow up.The nation closed 2024 in disarray following then-President Yoon Suk Yeol’s botched martial law stunt in December.In the aftermath, authorities...
South Korea blocks 14 crypto exchanges on Apple Store — Report
14.4.2025
South Korea is expanding a ban on digital asset firms’ applications servicing its citizens. On April 11, the country’s Financial Services Commission (FSC) announced that 14 crypto exchanges were blocked on the Apple store. Among the affected exchanges are KuCoin and MEXC.The report...
South Korea blocks 14 crypto exchanges on Apple Store — Report
14.4.2025
South Korea is expanding a ban on digital asset firms’ applications servicing its citizens. On April 11, the country’s Financial Services Commission (FSC) announced that 14 crypto exchanges were blocked on the Apple store. Among the affected exchanges are KuCoin and MEXC.The report...
KuCoin, MEXC and 12 Crypto Exchanges' Apple Apps Blocked in South Korea
14.4.2025
South Korean regulators will continue to block unreported virtual asset operators from accessing domestic sites, a statement said
Bitcoin Sees First Discount in South Korea in 4 Months Amid Trump’s Trade Turmoil
13.4.2025
Bitcoin’s valuation in South Korea took an interesting turn last week, dipping into a discount amidst the dramatic volatility rocking global financial systems. This marked the first instance of such a discount in nearly four months, breaking a streak where the country consistently observed...
South Korea’s National Pension Service Eyes Blockchain for $890B Fund's Transactions
7.4.2025
The NPS plans to invite blockchain experts and companies to participate in a preliminary disclosure process before starting a research study
Filecoin's FIL Spikes 30% as South Korean Exchange Upbit Lists the Token
4.4.2025
Trading went live at 07:30 UTC
7-Eleven Begins Accepting Bank of Korea’s Digital Currency in CBDC Trial
2.4.2025
Customers at 7-Eleven stores in South Korea can now pay using the Bank of Korea’s digital currency with a 10% discount to incentivize adoption
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...
South Korea’s Court Sentences Three Cryptocurrency Scammers to Prison for $416K Fraud
31.3.2025
South Korea’s district court has sentenced three men for orchestrating a $416K crypto fraud scheme. South Korea’s 610…
Despread: 70% of South Korean Crypto Investors Profited in 2024, Driven by BTC, XRP, and ETH
27.3.2025
A recent report by Despread Research reveals that 70% of South Korean crypto investors made a profit in 2024, with BTC, XRP, and ETH being the most popular holdings. Optimism remains high for 2025, with many expecting bitcoin to surpass $100,000 (150 million KRW). Bitcoin Leads South Korean...
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...