Key Takeaways South Korean payments giant BC Card has moved a step closer to integrating stablecoins into everyday commerce, completing a pilot that allowed overseas visitors to pay Korean merchants using digital assets. The trial, announced on Tuesday, involved blockchain…
Kim Nam-kuk, a lawyer and politician from South Korea, will apparently liquidate his bitcoin holdings due to a conflict of interest with his holdings.
Key Takeaways Naver Financial, the fintech arm of South Korea’s largest internet company, is moving forward with plans to acquire Dunamu, the operator of Upbit, the country’s biggest cryptocurrency exchange. The agreement will be structured as a share exchange, making…
Key Takeaways A 33-year-old South Korean man has been arrested in Thailand on allegations of laundering crypto for call-centre gangs by converting it into gold bars worth more than 1.6 billion baht(Thai currency), amounting to almost USD50 million. The suspect,…
Key Takeaways South Korea’s Ministry of Small and Medium Enterprises(SMEs) and Startups has proposed an amendment to its startup law that would allow crypto firms to qualify as venture companies. The legislative notice, released on July 9, 2025, outlines a…
Key Takeaways The Bank of Korea has formally suspended preparations for the second phase of its central bank digital currency (CBDC) pilot, halting a project that had been scheduled to proceed in the final quarter of 2025. Participating banks were…
Key Takeaways South Korean lawmaker Min Byeong-deok, a member of the ruling Democratic Party, has introduced a new legislative proposal aimed at tightening crypto oversight. The proposed bill, titled the “Digital Asset Basic Act,” was unveiled during a press conference…
Key Takeaways A high-stakes crypto transaction in a Seoul hotel ended in a violent attempted robbery, leading to the arrest of one Russian national and an international manhunt for two others. As per local media reports, South Korean police have…
Key Takeaways The Democratic Party of Korea formed a new committee called the Digital Asset Committee, which is tasked with addressing regulatory challenges and supporting the growth of the crypto sector in South Korea. The committee held its inaugural meeting at…
Key Takeaways Upbit, a leading crypto exchange in South Korea has received temporary relief from a regulatory suspension that restricted it from onboarding new clients. A South Korean court approved an injunction delaying the Financial Intelligence Unit’s (FIU) three-month ban…
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