South Korea


Policy

South Korea's Top Financial Regulator Suggests All Crypto Exchanges Could Be Shut Down

Eun Sung-soo, head of South Korea's chief financial services regulator, said no crypto exchange had applied for its VASP license.

Eun Sung-soo, head of South Korea's Financial Services Commission, said all of the nation's crypto exchanges could be shut down by this fall.

Markets

Seoul Seizes Tax Dodgers' Crypto From Exchanges: Report

The department has seized around 25 billion won ($22 million) in digital assets from 676 of the alleged tax evaders.

Seoul skyline

Markets

Bitcoin 'Kimchi Premium' Fades Amid South Korean Exchange Crackdown, Price Sell-Off

The premium measures the spread between bitcoin's price on Korean exchanges and other venues.

kimchi, soup

Markets

South Korea Kicks Off New Crackdown on Illicit Crypto Activities

The government's "special enforcement period" stems from a new crypto-related law that took effect this year.

South Korea's Office for Government Policy Coordination is planning a new enforcement action against illegal crypto activities.

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Markets

Bitcoin Drops 6% in Korea, Shrinking the 'Kimchi Premium'

Bitcoin lost ground after Upbit suspended KRW deposits and withdrawals.

kimchi-2449656_1920

Markets

Bitcoin Analysts Say 'Kimchi Premium' Isn't Distress Signal It Once Was

Bitcoin is drawing the highest "kimchi premium" in three years, indicating retail frenzy in South Korea.

South Korean flag. (CoinDesk Archives)

Markets

South Korean Prosecutors Sell (and Profit Off) Bitcoin Taken From Criminals

Prosecutors moved to liquidate the stolen goods on March 25 when the nation's law defining crypto as“virtual assets” went into effect.

cuffs

Markets

Blockstack's STX Token Doubles in a Day, as South Korean Retail Traders Look at Altcoins

Blockstack's STX token is benefiting from altcoin season – and a listing on a South Korean cryptocurrency exchange.

Blockstack PBC CEO Muneeb Ali

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Policy

S. Korea’s Crypto Rules Might Only Help the ‘Big 4’ Exchanges

South Korea may not be planning to ban cryptocurrencies, but its regulatory regime may only favor the biggest incumbents.

Seoul, South Korea

Markets

South Korea’s Largest Social Gaming App to Mint Low-Carbon NFTs for Millions of Users

NFTs have been a controversial topic of late due to their large carbon footprint caused by a proof-of-work consensus mechanism.

Enjin and GameTalkTalk are seeking to reduce environmental costs associated with the minting of NFTs.