Quick Breakdown Crypto.com and Travel Wallet signed an MoU to introduce a KRW-pegged stablecoin and co-branded prepaid card. The collaboration will make crypto payments easier and more accessible for global travelers. The move strengthens Crypto.com’s Asian presence and supports the rise of crypto-integrated travel finance. Crypto.com expands in South ...
Quick Breakdown South Korea launches new crypto tracking systems to combat rising tax evasion. Virtual asset investors surge to 10.77 million, daily trades hit ₩6.4 trillion. ₩146.1 billion recovered from tax delinquents as crackdown widens to overseas transfers. As cryptocurrencies cement their place as a major investment class, South Korean ...
Quick Breakdown: BDACS launched KRW1 as South Korea’s first proof-of-concept won stablecoin, fully backed 1:1 by Woori Bank reserves. The stablecoin features real-time reserve verification, planned audits, and compliance modules to meet future regulations. KRW1 aims to enable secure payments, remittances, and institutional settlement once Korea’s digital asset framework takes ...
Quick Breakdown: Executives from Tether and Circle are holding high-level meetings with South Korea’s major banks—Shinhan, Hana, KB Financial, and Woori. Discussions focus on distributing dollar-pegged stablecoins and issuing won-backed tokens. This aligns with President Lee Jae Myung’s pro-crypto agenda and upcoming stablecoin regulations, positioning South Korea as a potential ...
Quick Breakdown: Executives from Tether and Circle are holding high-level meetings with South Korea’s major banks—Shinhan, Hana, KB Financial, and Woori. Discussions focus on distributing dollar-pegged stablecoins and issuing won-backed tokens. This aligns with President Lee Jae Myung’s pro-crypto agenda and upcoming stablecoin regulations, positioning South Korea as a potential ...
Quick Breakdown: Executives from Tether and Circle are holding high-level meetings with South Korea’s major banks—Shinhan, Hana, KB Financial, and Woori. Discussions focus on distributing dollar-pegged stablecoins and issuing won-backed tokens. This aligns with President Lee Jae Myung’s pro-crypto agenda and upcoming stablecoin regulations, positioning South Korea as a potential ...
Quick Breakdown: Executives from Tether and Circle are holding high-level meetings with South Korea’s major banks—Shinhan, Hana, KB Financial, and Woori. Discussions focus on distributing dollar-pegged stablecoins and issuing won-backed tokens. This aligns with President Lee Jae Myung’s pro-crypto agenda and upcoming stablecoin regulations, positioning South Korea as a potential ...
Quick Breakdown: Executives from Tether and Circle are holding high-level meetings with South Korea’s major banks—Shinhan, Hana, KB Financial, and Woori. Discussions focus on distributing dollar-pegged stablecoins and issuing won-backed tokens. This aligns with President Lee Jae Myung’s pro-crypto agenda and upcoming stablecoin regulations, positioning South Korea as a potential ...
Quick Breakdown Upbit has launched Giwa, an Ethereum layer-2 testnet with one-second block times. The blockchain supports EVM compatibility and is built on Optimism’s OP Stack. South Korea remains a global crypto powerhouse, with Upbit leading its domestic market. South Korea’s Largest Exchange Steps Into Blockchain Development Upbit, South Korea’s ...
South Korea’s Financial Services Commission (FSC) has ordered all domestic crypto exchanges to suspend lending products, citing risks to investors and market stability. The directive, issued Tuesday, takes effect immediately and will remain in place until the government finalizes a regulatory framework for digital asset lending. Since July, Korean exchanges ...
