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South Korea goes after digital currency staking services following Kraken’s debacle

The Financial Service Commission will begin a full-scale review of staking among exchanges operating in the country, news outlet News1 reported. At the moment,...

Binance Completes Purchase of Stake In South Korea’s GOPAX

Binance Buys Part of GOPAX Binance has completed a minority purchase of GOPAX, a South Korean digital asset exchange. The move allows Binance to re-enter...

Korean Government to Adopt Cryptocurrency Tracking System Within 5 Months

South Korea to Start Tracking Crypto Transactions in 1H South Korea’s Ministry of Justice (MOJ) reportedly announced that it will adopt a cryptocurrency tracking system...

FINANCIAL REGULATORY INNOVATION COMMITTEE DISCUSSES MEASURES TO ALLOW THE ISSUANCE OF STO

SUMMARY OF REMARKS BY FSC CHAIRMAN KIM JOO-HYUN The measures to establish a regulatory system on the offering and distribution of security tokens, intends to (a)...

Neowiz Holdings— the creator of Intella X, establishes blockchain entity in UAE

South-Korean gaming giant Neowiz Holdings has announced its ambition to reach a wider audience by creating a blockchain enterprise in the United Arab Emirates,...

South Korea launches online metaverse replica of capital city Seoul to improve public services

Metaverse Seoul, which is a three-part project expected to be complete by 2026, will first aim to improve efficiency in public administration services....

SOUTH KOREA’S AUTHORITIES RAID BITHUMB EXCHANGE

The country’s tax inspectors visited the exchange’s headquarters in Seoul, as part of a push to increase taxation and compliance, the National Tax Service...

Huobi Korea Plans to Cut Ties With Parent Company, Strengthen Domestic Presence

Huobi Experiences Significant Withdrawals as Subsidiary Huobi Korea Looks to Go Independent There has been much speculation and many rumors surrounding the cryptocurrency exchange Huobi...

Paycoin seeks reapproval after S.Korea suspends the payments token

Paycoin was developed under Danal Fintech Corp. and emerged as one of the most used payment tokens in South Korea since it launched...

Binance Nears Acquisition of Korean Crypto Exchange Gopax

Binance, leading cryptocurrency exchange, is making arrangements to finalize its acquisition of GOPAX, one of the top crypto exchanges in Korea, blockchain media platform...

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