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...
Financial Intelligence Unit Announces Results of the Second Half of 2023 Virtual Asset Market...
The Financial Intelligence Unit (FIU) conducted a survey on the state of the domestic virtual asset market targeting 29 registered businesses in the second...
Altcoin Interest Driving South Korean Crypto Craze
Altcoin interest may be the driving factor as South Korean interest in alternative cryptoassets continues to rise, a new report has claimed.
Per the South...
National Tax Service Proceeds with Income Taxation on Participants of Bithumb’s Cryptocurrency Events
The National Tax Service (NTS) is currently implementing income tax measures on participants of various events held by the cryptocurrency exchange Bithumb. According to...
Hanbitco Decides to Cease Operations Due to Regulatory Issues and Market Deterioration
Hanbitco, a cryptocurrency exchange in South Korea, has announced that it will cease operations on May 16th. The exchange notified the public of its...
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S. Korea urged to adopt bitcoin reserve, won-backed stablecoin amid Trump’s...
South Korea should consider integrating bitcoin into its national reserves and issuing a won-backed stablecoin, financial experts and industry leaders said at a forum...
