Concerns Over Crypto ‘Money Laundering’ Grow as Suspicious Transactions Hit Record High This Year
Concerns over money laundering and other illicit activities in Korea’s virtual asset market are once again on the rise. According to data from the...
BDACS Completes Technology Verification for KRW1, a Korean Won-Pegged Stablecoin
BDACS, a digital asset company headquartered in Busan, has officially issued the Korean won-based stablecoin KRW1 and successfully completed its Proof of Concept (PoC)....
KB Financial, Poised to Partner With the World’s No.1 Stablecoin Tether
KB Financial Group is exploring the possibility of a strategic partnership with Tether, the world’s largest stablecoin issuer. KB Financial Chairman Yang Jong-hee will...
Upbit vs. Bithumb, Entering Round Two of the Market Share Battle
The two dominant players in Korea’s digital asset market, Upbit and Bithumb, are escalating their marketing campaigns as competition for market share intensifies. Upbit...
Crypto Trading and Brokerage Removed from Venture “Restricted Industries”… Recognized as Innovative Businesses
The Korean government has removed cryptocurrency trading and brokerage services from the list of restricted industries for venture certification, paving the way for digital...
Ripple, the World’s No. 3 Crypto by Market Cap, Expands Into Korea’s Custody Market...
Ripple is accelerating its push into Korea by entering the cryptocurrency custody business. As the issuer of XRP and a major player in the...
Korean Tax Authority to Share Crypto Transaction Data of Domestic and Foreign Investors
The Korean government announced on September 2 that it will begin automatically sharing cryptocurrency transaction data of both domestic and foreign investors between tax...
South Korea Ranks 15th in Global Crypto Adoption Index ·· U.S. Climbs to 2nd...
Blockchain data analytics firm Chainalysis released its 2025 Global Crypto Adoption Index on September 2, ranking South Korea 15th worldwide. The index is calculated...
FSC Implements DAXA Self-Regulatory Guidelines on Virtual Asset Lending from September 5
The Financial Services Commission (FSC) announced that, starting September 5, the Digital Asset Exchange Alliance (DAXA) will enforce self-regulatory guidelines for virtual asset lending...
Eric Trump to Speak at Upbit Conference in Seoul, Highlights Bitcoin’s Future and Asia...
Eric Trump, Executive Vice President of the Trump Organization and the second son of U.S. President Donald Trump, will attend Upbit Developer Conference 2025...
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Busan Digital Asset Exchange to Operate During Chuseok Holiday
Busan Digital Asset Exchange (BDAN) will remain open throughout the Chuseok holiday, continuing its nearly 24-hour trading schedule to ensure investors can respond immediately...
