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Reactions against Russia continue: largest South Korean exchanges block Russian IP’s

Russia invaded Ukraine just seven days ago, and the world continues to react. As Russia relied on cryptocurrencies to combat economic isolation and its...
A headquarter of Upbit, Gangnam-gu, Seoul. Dec.21st, 2018/News1 © News1 Lee Seung-bae

Upbit To Enforce The Travel Rule And Prohibit Overseas Deposits & Withdrawals

Korean virtual asset exchange Upbit will change its terms for overseas deposits and withdrawals of virtual assets from the 25th of next month. The specific...

YG announces strategic partnership with Binance to launch NFTs business

YG Entertainment, a leading K-pop management agency, said Tuesday it will jump into the burgeoning non-fungible tokens (NFTs) market in partnership with global blockchain...

Crypto Exchanges Reward Staff with Bumper Bonuses after Successful 2021

South Korean crypto trading platforms are not only offering huge pay packages to prospective new hires – they are also looking to retain their...

Netmarble to Focus on Developing Blockchain Games

Netmarble will focus on developing blockchain games to discover future growth drivers. It is also preparing to issue cryptocurrency for this purpose. Netmarble CEO...

South Korea’s central bank will now test offline payments and protecting personal IDs.

Samsung NFT TV and Presence in Decentraland The idea of the metaverse is no longer the distant, dreamy vision shared only among a limited number...

Bank of Korea Says First Phase of CBDC Test Completed Successfully

The Bank of Korea wrapped up the first phase of a central bank digital currency (CBDC) simulation project in December, according to a report...

South Korean Aiming to Become a Metaverse Superpower by 2026

South Korea Eyeing to Become a Metaverse Superpower Metaverse was all the rage in 2021 and the narrative is showing no signs of fizzling out...

ICOs Could Be Returning to South Korea

Presidential candidates from South Korea’s two leading political parties have come out in support of an unban on initial coin offerings. ICO Unban Receives Support Initial...

Korean banks remain conservative toward cryptocurrency industry

Korean banks are taking a cautious attitude to the emerging digital currency industry, amid lingering concerns over crypto exchange operators' possible security loopholes, industry...

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