South Korea
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.
Crypto Exchange OKEx Korea to Close as New AML Rules Come Into Force
An exchange spokesperson said the new anti-money laundering regime would make it too tough to continue operating.
Korean Government Approves Crypto AML Rule Set to Come Online Thursday
Crypto companies have until September to register with financial regulators.
South Korea to Fine Crypto Exchanges That Fail to Tackle Illicit Activity
Penalties will apply if trading venues fail to follow three regulations, the Financial Services Commission said.
Kakao to Record Private Securities on Its Own Blockchain as NFTs
The move will aid South Korea's OTC securities market.
Bank of Korea: CBDCs Are Fiat Currency Not Virtual Assets
Some legal changes would be needed before a potential central bank digital currency launch in South Korea, research indicates.
Following GameStop, South Korea Financial Regulator Extends Ban on Short Sales
Caving to pressure from retail traders, South Korea's ban on short-selling has been extended through May.
South Korean Tax Agency Carries Out Irregular Audit on Crypto Exchange Operator
The team of investigators requested past data and transaction details from Korea Digital Exchange.
South Korea's Dunamu Launches Bitcoin 'Fear and Greed' Index to Guide Traders
The tool is aimed at helping traders make better decisions based on market sentiment.
