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South Korea

South Korea CBDC pilot launching in 2024 with over 100,000 participants
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30 November, 2023

South Korea CBDC pilot launching in 2024 with over 100,000 participants

The Bank of Korea will begin its retail CBDC pilot in 2024, testing use cases like payments for government grants...
Terraform Labs founder Do Kwon to be extradited by Montenegro
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28 November, 2023

Terraform Labs founder Do Kwon to be extradited by Montenegro

Following the approval, it is now up to Montenegro’s Minister of Justice to decide which country gets the first crack...
BIS urges central banks to move fast on CBDC as Visa stablecoin threat looms
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27 November, 2023

BIS urges central banks to move fast on CBDC as Visa stablecoin threat looms

The Bank for International Settlements general manager and the governor of South Korea’s central bank talked about the need for...
Hana Securities inks new partnerships for security token platform launch in 2024
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23 November, 2023

Hana Securities inks new partnerships for security token platform launch in 2024

South Korea's Hana Securities is planning a 2024 STO platform launch with Itcen and INF Consulting, aiming for comprehensive management...
Bithumb ex-chair could face up to 8 years in prison in South Korea
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23 November, 2023

Bithumb ex-chair could face up to 8 years in prison in South Korea

Lee Jeong-hoon was acquitted of his fraud charges earlier this year, but prosecutors have appealed and want him jailed for...
South Korea’s largest political party demands candidates declare their digital asset holdings
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19 November, 2023

South Korea’s largest political party demands candidates declare their digital asset holdings

The Democratic Party of South Korea says that holding digital assets isn’t illegal, but lying about it will lead to...
Bithumb eyes IPO in 2025 amid regulatory hurdles
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18 November, 2023

Bithumb eyes IPO in 2025 amid regulatory hurdles

Bithumb is reshaping its position as a digital currency exchange with plans to go public in South Korea in 2025,...
South Korea regulators pledge regulatory framework supporting investor protection
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20 October, 2023

South Korea regulators pledge regulatory framework supporting investor protection

Regulators in South Korea are working to establish a framework for the Virtual Asset User Protection Act, aiming to safeguard...
Bank of Korea teams up with BIS, local institutions for wholesale CBDC experiment
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9 October, 2023

Bank of Korea teams up with BIS, local institutions for wholesale CBDC experiment

The Bank of Korea is looking to develop a new monetary system that focuses on the use of a wholesale...
Busan digital asset exchange plans to include IP tokenization
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26 September, 2023

Busan digital asset exchange plans to include IP tokenization

Busan’s digital exchange—launching in 2024—will not list digital currencies, but will allow users to trade tokenized commodities.
South Koreans hold $100M in overseas digital assets amid tax rule review
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24 September, 2023

South Koreans hold $100M in overseas digital assets amid tax rule review

South Korea may revamp its tax system to tackle unreported overseas earnings in digital assets, while Indonesia plans to tax...
South Korea strengthens digital currency OTC transactions oversight to combat crime
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23 September, 2023

South Korea strengthens digital currency OTC transactions oversight to combat crime

South Korean regulators target OTC digital currency transactions due to rising criminal activity, discussing regulation in a session on 'Criminal...