Korea’s largest bank KB, goes live with institutional digital asset custody KODA
Today saw the launch of KODA, the institutional digital asset custody solution backed by Korea’s largest bank Kookmin Bank (KB), based on technology from...
ISMS Certificate Issuance Status for Virtual Asset Businesses in Korea (As of April 28,...
Virtual asset businesses such as cryptocurrency exchanges could not be operated without ISMS certification, making it virtually mandatory. Currently, 19 companies have been certified...
Lack of rules on cryptocurrency confuses market participants
Many of them say the lack of government guidelines on anti-money laundering and risk evaluation methods could derail their current individual screening measures at...
South Korea’s Crypto Legal Framework Is Insufficient, Lawmaker Says
Kim told CoinDesk Korea he agreed that crypto should be taxed, but he argued that establishing a legislative and regulatory framework should be the...
Follow Tesla…in Korea
Tokyo-based Nexon said on Wednesday the company bought $100 million worth of bitcoin, becoming one of a growing number of publicly-listed companies that owns...
Korea’s big blockchain Klaytn eyes CBDC, partners with ConsenSys
The announcement involves Klaytn developing a private blockchain for the potential digital won. But if there’s a bridge to the public blockchain, the question...
Facing new law, crypto exchange start voluntary shutdown
Local cryptocurrency exchange Daybit is the latest company to voluntarily shut down its operations due to the toughened anti-money laundering law, the company said...
FSC head under fire for controversial comment on cryptocurrency
"I don't think it is the right path to jump on the bandwagon of recklessly buying a digital asset that's fluctuating more than 20...
Cryptocurrency frenzy in Korea unnerves regulator, investors
Many retail investors are feared to fall prey to what appears to be an irrational bubble of some virtual assets amid a burgeoning cryptocurrency...
Small cryptocurrency exchanges might be forced to close
According to the Financial Services Commission (FSC), an amendment to the Act on Reporting and Using Specified Financial Transaction Information requires all businesses dealing...
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Ruling and Opposition Parties Agree on Two-Year Delay for Virtual Asset...
The ruling and opposition parties in South Korea have agreed to postpone the taxation on virtual asset income by two years. With the Democratic...
