South Korea

Highlights: XRP custody goes live in South Korea through the Ripple and BDACS partnership. BDACS enables secure XRP storage for Korean institutions and exchanges. Ripple Custody platform supports both XRP and RLUSD for institutional asset management. BDACS has partnered with […]

Highlights: Bitsonic CEO received another prison sentence after defrauding investors through fake trading activity on the BSC token. Shin used false Korean won points to buy crypto and invested the money in businesses not linked to the exchange. The court […]

Highlights: South Korea has tightened restrictions on crypto ETFs by asking asset managers to lower crypto stock exposure. Firms say the ETF structure makes it hard to cut crypto stocks without causing major index tracking issues. The regulatory body noted […]

Highlights: South Korea plans to let crypto firms register as venture companies and access tax and financial benefits. Crypto exchanges may qualify for venture status under the new law and receive support like other startups. The policy shift supports President […]

Highlights: South Korea has delayed the CBDC testing as banks raise concerns over high costs. Lawmakers are pushing for a stablecoin law to reduce reliance on foreign-backed tokens in the Korean crypto market. Eight major banks plan to launch a […]

Highlights: The banks plan to issue the coin through trust-based and deposit-linked models that directly link to customer funds. The Bank of Korea supports a slow rollout starting with banks as the government pushes for faster digital asset use. Many […]

Highlights: South Korea plans to allow spot crypto ETFs by late 2025 as part of a major shift in digital asset policy. The new roadmap includes rules for Korean won stablecoins and exchange fee reviews to improve market fairness. President […]

Highlights: South Korea is considering significant reforms with regard to crypto exchange fees. FSC will be comparing local charges with international platforms. Focus remains on major platforms like Bithumb, Upbit, and Coinone. South Korea is gearing up to carry out […]

Highlights: South Korea’s Digital Asset Basic Act creates stablecoin licensing and strengthens crypto oversight. The new bill requires stablecoin issuers to hold equity and secure reserve funds. President Lee backs won-based stablecoins to keep capital in South Korea. South Korea’s […]

Highlights: Lee Jae-myung has won the South Korean presidency and pledged strong support for digital asset development. His plans include allowing crypto ETFs and launching a Korean won-backed stablecoin. The crypto market expects faster progress as Lee forms a digital […]

Highlights: South Korea plans to link its deposit tokens with public blockchain networks for secure digital use. Political leaders are urging the country to introduce a Korean won stablecoin to reduce crypto outflow. The Agora Project will enable cross-border token […]

Highlights: South Korea will apply stricter KYC rules as it begins to allow some institutional crypto trading in June. Crypto policy takes center stage in South Korea’s 2025 election, with candidates backing ETFs and stablecoins. The Digital Asset Basic Act […]