South Korea
Bank of Korea Sees Threat to Financial System in Leveraged Crypto Trading
The central bank governor has pledged to monitor transactions of Korea's financial institutions associated with leveraged crypto trading.
CEO of Upbit Parent Dunamu Says Exchange Eyeing Further Overseas Expansion
Speaking at CoinDesk's Consensus, the CEO of Upbit's parent company said the exchange was looking to expand into Southeast Asia.
South Korea’s Central Bank to Choose Supplier for Digital Currency Pilot
The Bank of Korea is looking for a technology supplier to explore a digital currency in a test environment.
South Korea’s Central Bank Seeks Authority to Monitor Crypto Transactions: Report
The Bank of Korea hopes to start as early as September, an official said.
South Korea Clamps Down on Phishing Activity Targeting Crypto Investors: Report
South Korea's Ministry of Science and ICT reports there has been a surge in phishing attempts targeting cryptocurrency users.
South Korea’s Dunamu Pledges Nearly $9M to Protect Crypto Investors: Report
The Upbit operator plans to set up a unit to help prevent fraud and assist victims of crypto crime, among other things.
Digital Currency Group Invests in South Korean Crypto Exchange
DCG has become the second-largest shareholder in blockchain company Streami, operator of crypto exchange Gopax.
South Korea’s Crypto Legal Framework Is Insufficient, Lawmaker Says
Kim Byung-wook said he believes the crypto industry is unique and different from traditional finance.
Taxing Crypto Trading Gains ‘Inevitable,' Says South Korea Finance Minister: Report
Crypto traders’ gains will be subject to 20% tax on profits over 2.5 million won (~$2,250) from January 2022.
Young Koreans Turning to Crypto as Alternative for Creating Wealth
Young employees in their 20s and 30s are reportedly leaving the workforce to pursue riches in crypto trading.
