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Crypto News

South Korea Faces Rapid Rise In Suspected Transaction Report (STRs) With 36,684 Crypto Remittances From Jan–Aug

Domestic virtual-asset investors and local crypto operators are at the heart of a widening probe in South Korea into suspected illegal remittances. Officials are...
Crypto News

South Korea’s BDACS Debuts First Korean Won–Backed Stablecoin KRW1 On Avalanche

BDACS has launched KRW1, a South Korean won-backed stablecoin, after completing a full proof of concept. The company said the token is backed 1:1...
Crypto Investment News

Binance CEO Richard Teng Outlines Compliance & Investment Needs Amid Seeking Approval To Operate In South Korea

Richard Teng, the CEO of Binance, has reaffirmed that purchasing the local cryptocurrency exchange GOPAX is central to the company's strategy for entering the...
Crypto News

Binance CEO Richard Teng To Visit South Korea Next Week To Discuss User Protection & Compliance In Crypto

Richard Teng, CEO of Binance, will visit South Korea next week to press the case for stronger user protection and regulatory compliance. The trip...
Crypto News

South Korea To Share Foreign Investors’ Crypto Transaction Data With Global Partners, Report

The South Korean government is moving ahead with steps to share the transaction history of foreign investors trading Bitcoin and other cryptocurrencies on local...
Crypto News

Coinone Launches South Korea’s First Bitcoin Staking Service, Users To Earn Rewards Without Lockups

Coinone said on Friday it has rolled out what it calls Korea’s first Bitcoin staking service, letting users earn rewards while still keeping full...
Crypto News

South Korea’s Largest Crypto Exchange Upbit Lists Treehouse ($TREE), Token Price Rallies 96% From $0.3037 to $0.648

Upbit, South Korea’s largest cryptocurrency exchange, has officially listed Treehouse (TREE), resulting in a substantial surge in the token's value.  The announcement was made public...
Airdrop News

South Korean Police Arrest Suspects Behind Major Crypto Airdrop Fraud Worth $4.1 Million

The South Korean authorities have arrested three individuals for their suspected involvement in a giant airdrop cryptocurrency scam that swindled 129 individuals of nearly...
Crypto News

South Korean Man Taken Into Custody In Thailand Over $50 Million Crypto To Gold Laundering Case

Authorities in Thailand have arrested a 33-year-old South Korean man in connection with a $50 million laundering operation involving the conversion of cryptocurrency to...
Crypto News

South Korea’s FSC To Unveil Regulatory Framework For Won-Denominated Stablecoins This October

The Financial Services Commission of South Korea will present a bill on won-backed stablecoins in October in Seoul. The move comes as the government...
Crypto News

South Korea’s Jeju City Cracks Down on 2,962 Individuals in Tax Arrears Using Crypto Seizures

Local authorities in Jeju City, South Korea, have launched a sizeable operation to combat delinquent tax payment by identifying cryptocurrency custodians of individuals who...
Crypto News

Ethena $ENA Price Rises 10% To $0.85 As South Korean Retail Demand Mirrors $443 Million Net Buys

Ethena (ENA) experienced a sudden price surge on Monday, August 11, increasing by 9% to an intraday high of $0.85 before closing at approximately...
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