Tag: DeFi
Busan City Signs an Agreement with Binance to Support Establishment of a Digital Asset...
The city of Busan announced on the 26th that it will sign a business agreement with Binance, the world's largest blockchain infrastructure company, to...
Domestic securities companies “Do not create a virtual asset exchange. It must be a...
Major domestic securities companies have made a statement that the preliminary approval for the establishment of a virtual asset exchange and the application for...
16 Foreign Virtual Asset Exchanges to be Blocked in Korea by the Financial Intelligence...
It was found that a large number of foreign virtual asset business operators were doing business for Koreans without properly reporting to the financial...
South Korea Investigates Banks for $6.5B in Transfers Related to Kimchi Premium
$6.5 Billion in Overseas Transactions
On Monday, August 15th, Asia Times reported that the country’s Financial Supervisory Service has authorised a probe into South Korean...
FIU to Investigate Unregistered Foreign Exchanges in Korea
The Financial Intelligence Unit (FIU) under the Financial Services Commission is monitoring and cracking down on unregistered foreign virtual asset (cryptocurrency) exchanges in Korea.
According...
South Korea’s Klaytn Announces Its Partnership with DeFi Protocol 1inch
Klaytn, one of the most-popular metaverse blockchain platforms from South Korea, recently announced its partnership with decentralized finance (DeFi) protocol 1inch. With this partnership,...
[MAY] Nobody Covers the Front Desk at a DeFi Lobby
Decentralized Finance is one of the more prominently utopian ideals promulgated by diehard crypto revolutionaries. At its heart is the promise of frictionless exchange,...
Bank of Korea Says Crypto “Can Transform Financial Paradigms”
On August 8, the Bank of Korea (BOK) has acknowledged that blockchains and decentralized platforms have ‘the potential to change financial paradigms’.
According to reports,...
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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...
