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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...

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...

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...

Market cap of virtual assets in Korea jumps 53% in 2nd half of last...

The value of Korea's virtual asset market expanded over 50 percent from six months earlier in the second half of last year, on rising...

Crypto Excluded from New South Korean Donations Law

Per Kyunghang Shinmun, the Ministry of the Interior and Safety said it wanted to “expand the scope” of donations – but has decided against...

Line, Kakao eye Asia’s No. 1 blockchain network

Blockchain platform operators under Korean tech giants Line and Kakao are to complete integration under the new brand name "kaia" in June, the entities...

South Korean Won Overtakes US Dollar as Top Currency in Global Crypto Trading for...

In the first quarter of 2024, the South Korean Won surpassed the US dollar as the leading currency for global cryptocurrency trades, with a...

South Korea will introduce stricter guidelines for crypto exchanges

In a significant move towards regulating the crypto market, authorities in South Korea are about to introduce new guidelines that will impose stricter rules...

Korea Blockchain Business Cooperative elects CEO of CoinHubKorea as new chairman of the board

The Korea Blockchain Business Cooperative announced that it held a general meeting on March 15 and elected CoinHubKorea CEO JB Lee as chairman of...

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