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Korea’s PayProtocal to burn half of native digital coin PCI amid FTX crisis

PayProtocal will send its holding of 2.04 billion PCIs to a burn address to remove them from circulation over four transactions, said Danal, its...

Crypto payment market to grow rapidly in Korea

Cryptocurrencies are gaining attention swiftly from consumers from all walks of life, as major global payment platforms like PayPal and Square allow customers to...

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Won-Based Stablecoin Ensures Full Collateral and Redemption Rights… Exchanges Expected to...

South Korea’s financial authorities are moving to formalize the framework for won-based stablecoins, introducing key principles focused on full collateralization and guaranteed redemption rights....