Domestic Crypto Exchanges to Re-evaluate Over 1,333 Cryptocurrencies
Starting from the 19th, major domestic cryptocurrency exchanges in South Korea will begin re-evaluating over 1,333 cryptocurrencies that are currently supported for trading. This...
Lee Seok-woo, CEO of Dunamu, Reappointed as Chairman of DAXA
Lee Seok-woo, CEO of Dunamu, will continue to serve as the chairman of the Digital Asset eXchange Alliance (DAXA) until the end of the...
Implementation of the Virtual Asset User Protection Act… Strengthening User Deposit Safety and Cracking...
In the future, if a virtual asset service provider (VASP) goes bankrupt, banks will be required to return deposits to users. The Financial Services...
Upbit to Host 10 Bitcoin Trading Competition
Dunamu (CEO Lee Seok-woo) has announced that it will host the first 'Upbit Investment Major League' from July 3 to 16, offering a total...
Korean Re Begins Cryptocurrency Insurance Rate Calculation, Anticipating Domestic Launch
Korean Re, the only reinsurance company in Korea, has begun calculating insurance rates for cryptocurrency transactions to cover incidents such as hacking. This move...
Review for maintaining listing of 600 virtual assets… Problem stocks are scheduled to be...
With the Cryptocurrency User Protection Act set to take effect next month, cryptocurrency exchanges will conduct a comprehensive review of the listing status of...
Delio CEO Denies Fraud Charges in First Trial Over Crypto Asset Scandal
The CEO of Delio, a crypto asset custody firm embroiled in controversy after halting withdrawals without prior notice, denied all charges in the first...
Government-led Integrated Disclosure System for Virtual Assets to be Established
The government is set to establish an integrated system for managing virtual asset disclosure information. This system aims to protect investors by allowing them...
Authorities Introduce Guidelines for Determining When Non-fungible Tokens Qualify as Virtual Assets
The Financial Services Commission introduced guidelines on non-fungible tokens (NFTs) on June 10 to provide clear standards and examples on determining when NFTs should...
70% of Korean Crypto Exchanges Fail to Repay Customers After Closure, Regulator Says
A joint research effort by Korean regulators — the Financial Supervisory Service (FSS) and Korea Financial Intelligence Unit (FIU) — has revealed that seven...
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Bithumb, Cryptocurrency Exchange, Retracts Deposit Fee Rate Increase Within 6 Hours
Bithumb, a cryptocurrency exchange, retracted its decision to raise its deposit fee rate to an unprecedented 4.0% annual rate just 6 hours after the...
