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...
Despread Research: “Korea Shows Greater Interest in Cryptocurrency Compared to Stocks…”
Web3 consulting firm Despread's dedicated research division, Despread Research, has released a report on the Korean cryptocurrency community. This report, titled "Current State of...
Upbit, ranked 1st most trusted cryptocurrency exchange in Korea and 4th globally by Forbes
Upbit has been named the No. 1 most trusted cryptocurrency operator in Korea and ranked 4th globally by Forbes. Forbes evaluated the internal controls...
Fueled By Craze For Nvidia, South Korean Crypto Traders Embrace Risky AI-Linked Tokens
South Korean traders are showing a growing interest in digital assets linked to artificial intelligence (AI.) This surge in interest has seen the country’s...
Will Ethereum Spot ETF Approval Accelerate Changes in the Domestic Cryptocurrency Market?
An Ethereum spot Exchange-Traded Fund (ETF) is set to be listed on the U.S. stock market in the second half of this year. This...
LATEST ARTICLES
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...
