Tag: South
South Korean regulator outlines steps to enhance digital asset legislation
South Korea’s Financial Supervisory Service (FSS) is preparing regulations to supplement the Virtual Asset Users Protection Act…
South Korean exchange Upbit gets initial license nod from Singapore
The Singapore entity for Upbit, South Korea’s largest exchange by volume, has been given in-principal approval for…
Crypto makes up 70% of South Korean overseas assets: National Tax Service
Cryptocurrencies like Bitcoin (BTC) accounted for the largest share of South Korea’s reported overseas assets in the…
South Korea focuses on OTC crypto regulations as unlawful deals reach $4B
South Korean regulators have turned their focus to over-the-counter (OTC) crypto trades amid growing concerns about its…
South Korean Bitcoin lender Delio plans to sue regulators: Report
South Korean Bitcoin lender Delio is reportedly preparing for an administrative lawsuit against regulators for the wrong…
South Korean Hana Bank enters crypto custody business with BitGo
One of the largest South Korean banks, Korea Exchange Bank (KEB Hana Bank), is moving to offer…
South Korea plans to submit bill to freeze North’s crypto assets: Report
The government of South Korea is reportedly planning to submit a bill that will track and freeze…
South Korean parliament rejects motion to expel lawmaker over crypto scandal
South Korea’s parliamentary ethics subcommittee has voted down a motion to expel Kim Nam-kuk, a former member…
Naver Corp unveils South Korea’s answer to ChatGPT and generative AI
South Korean tech company Naver Corp has unveiled its answer to OpenAI’s ChatGPT — named CLOVA X…
GenZ in South Korea prefer XRP and other altcoins to BTC and ETH: Report
GenZ cryptocurrency investors in South Korea are reportedly more keen to invest in altcoins, specifically Ripple (XRP)…