South Korea has delayed its Digital Asset Fundamental Act till 2026 as a result of a regulatory impasse over which establishments can situation won-pegged stablecoins. The Financial institution of Korea insists that banks should maintain a 51% controlling stake in stablecoin issuers, whereas the Monetary Companies Fee argues this mightContinue Reading
Monetary large Mirae Asset Group is in negotiations to accumulate Korbit for as much as $100 million in a deal aimed toward securing a totally licensed entry into the South Korean crypto market. The acquisition is being led by a non-financial affiliate to navigate strict home rules that separate conventionalContinue Reading
South Korea will impose “no-fault” legal responsibility on main crypto exchanges, forcing them to compensate prospects for losses from hacks and system failures. This new rule units the compensation normal for exchanges equal to that of conventional banks. Lawmakers are planning more durable sanctions, which might embrace fines as muchContinue Reading
Naver Monetary, Naver’s fintech arm, will purchase Dunamu Inc., the operator of South Korea’s largest crypto alternate, Upbit, in an all-stock deal valued at about US$10.3 billion. The acquisition is geared toward securing future development engines by tightly integrating crypto and funds companies into Naver’s ecosystem, as Upbit dominates overContinue Reading
Nextrade is increasing its problem to the Korea Alternate by creating Okay-pop copyright tokens and superior market options to distinguish its platform. The trade’s robust early momentum stems from longer buying and selling hours, rising retail participation, and fast progress in each day turnover. Regulatory limits on buying and sellingContinue Reading
A South Korean digital asset custody firm, BDACS, has launched KRW1, a stablecoin fully backed by the South Korean won, on the Avalanche blockchain. Each KRW1 token is backed one-to-one with reserves held at Woori Bank, one of the country’s largest commercial banks, with a real-time verification system to ensureContinue Reading
South Korea’s Financial Services Commission (FSC) has ordered all local crypto exchanges to suspend the launch of new lending services. The ban is in response to rising investor risks, citing high volatility and a recent case where a surge in liquidations at the exchange Bithumb led to significant losses forContinue Reading
Parataxis Holdings will go public and acquire South Korea’s Bridge Biotherapeutics, rebranding it as Parataxis Korea to establish a direct presence in the Korean market. The company plans to build a US$640 million Bitcoin treasury, positioning itself as a major institutional BTC holder targeting both US and Korean investors. TrumpContinue Reading
