XRP outperforms Bitcoin in South Korea, with significantly higher trading volumes. XRPL launches the Japan and Korea Fund to boost innovation and collaboration in these markets. The fascination with XRP…
Browsing: South Korea
South Korea is preparing to implement tough cryptocurrency regulations, which include conditions for listing and delisting virtual assets for investor protection. The rules are meant to introduce self-regulation in the…
Crypto platforms Haru Invest and Delio are facing potential class-action lawsuits as they suspend customer withdrawals and deposits, causing investors to seek legal recourse. South Korea, one of the largest…
Do Kwon’s troubles persist, as the Terraform Labs founder has reportedly been detained by the Montenegrin police, in the country’s capital Podgorica. Do Kwon has been wanted by authorities in…
A new crypto tracking system will be introduced to the South Korean crypto industry to curb illegal crypto transactions and money laundering. 75 percent of Illegal foreign exchange transactions are…
Terra founder Do Kwon has announced a meeting inviting police from all over the world to attend as he seeks to prove his innocence. The South Korean authorities believe that…
The government of South Korea forecasts gaining 60 trillion won ($42 billion), or 3 percent of GDP, in economic value within a decade after digital ID adoption. Smartphone-implanted IDs have…
Local media outlets reported that the government was able to restore the hacked YouTube account within a couple of hours. This hack means three YouTube channels related to the South…
These ethical principles seek to provide personal information protection, protection of young minds, copyright protection, and much more. The draft for Metaverse principles also seeks to address key concerns of…
South Korea’s police department is testing crypto seizures for fine defaulters. The country still plans to toughen its crypto policy. Gunpo (a South Korean town 23 kilometers away from Seoul…
The Solana fund is expected to be used on gaming studios, GameFi, NFTs, and DeFi in the country. According to market data, Solana (SOL) is trading at around $39.35 at…
South Korea’s investment in the metaverse might inspire other countries to invest in it. The nation’s investment of about $177.1M indicates a serious commitment to this new technology. Despite being…
A South Korean politician has demanded calling Terra founder Do Kwon and related exchange officials for a parliamentary hearing. Following the TerraUSD collapse, South Korean financial regulators have called for…
South Korean police say the exchange CEO was recruited first and then used to reel in an army captain and together sold secrets to the North for crypto payments. The…
Shinhan Bank has made history as the first bank in South Korea to offer real-name cash-to-crypto trading accounts for institutions. The bank will undertake the move in partnership with Korbit,…
Yoon Suk-yeol won the presidential election narrowly, edging his liberal rival, and will lead the Asian nation for at least the next five years. A big crypto fan, he has…
South Korea’s Ministry of ICT, Science, and Future Planning has pledged $187 million to create a metaverse ecosystem as the country seeks to take a lead in the new virtual…
The South Korean government has made a statement against play-to-earn mobile crypto games. They have contacted Apple and Google regarding taking such games off their platforms. At the same time,…
South Korea’s gaming regulator has ordered Google’s Play Store and Apple’s App Store to remove blockchain-based play-to-earn games from their platforms. These games go against local gaming regulations by offering…
The FSC regulator in South Korea is planning on imposing taxes on NFTs after classifying them as virtual assets. Differing opinions have arisen with most analysts saying that this could…