Major Korean bank to launch crypto custody services
One of the largest financial institutions in South Korea, Woori Financial Group, will soon start offering its customers cryptocurrency custody service through a project...
Bank of Korea Chooses Ground X as Supplier for CBDC Pilot
The Bank of Korea (BOK) has chosen its preferred supplier to build a pilot platform for its central bank digital currency (CBDC) pilot.
South...
Classified into 3 types of 500 coins.. Managed by the Financial Services Commission by...
The Financial Services Commission has started to categorize domestically traded virtual currencies according to their functions. It is largely divided into payment and settlement...
Dunamu and FnGuide announce top 5 digital assets
Dunamu, operator of the country’s largest cryptocurrency exchange, announced on Sunday its top five digital asset index with financial market tracker FnGuide, amid a...
South Korean Regulator Analyzing 578 Cryptocurrencies
South Korea Prepares to Regulate Crypto Industry
The South Korean National Assembly’s National Policy Committee is currently deliberating on four cryptocurrency-related bills for the regulation...
3 Firms Vie to Develop South Korea’s CBDC Pilot
Three South Korean firms will compete for the chance to develop the central bank’s digital currency (CBDC) pilot.
The Bank of Korea (BOK) confirmed on...
Korea Federation of Banks Releases Cryptocurrency Exchange Guidelines
The Federation of Banks has released guidelines for risk assessment of cryptocurrency exchanges. Earlier, in April, the Federation of Banks distributed to commercial banks...
Regulators Reject Banks’ Requests to Be Relieved of Responsibility for Crypto Crime
Continuous efforts to upgrade cybersecurity in the banking sector have led to a 35.9% annual drop in cyberattacks to 6.2 million cases as of...
South Korean crypto exchanges tighten personal trading rules for employees
Bithumb announced that starting this month, it had banned its employees from trading cryptocurrencies using Bithumb accounts. The exchange has made employees sign a...
Korea may join with Japan, UK to regulate Binance
The authorities are set to ban overseas-based cryptocurrency exchanges' operations in the country unless they register their businesses with the government by Sept. 24.
According...
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[AUGUST] South Korea Approaches Its Crypto Crossroads
Less than 18 months ago, the South Korean government updated its Act on Reporting and Use of Specific Financial Transaction Information. The actual enforcement...
