News about SOUTH KOREA

News about South Korea

South Korea's Shinhan Bank: Successful stablecoin payments pilot

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South Korea Embraces Blockchain: New Digital Asset Act, K-Culture Tokenization, and More

South Korea passes the Digital Asset Basic Act, Shinhan Financial Group invests in digital asset custody, and K-culture goes blockchain. (Read More)

XRP surpasses Bitcoin as the most traded asset in South Korea following partial win against SEC - FXStreet

XRP surpasses Bitcoin as the most traded asset in South Korea following partial win against SEC& & FXStreet

South Korea's FSC to Submit Two Crypto-Related Acts to National Assembly

According to Newsis on July 13, the People's Power Party and the Financial Services Commission of South Korea are planning to submit amendments to the Electronic Securities Act and the Capital Market Act to the National Assembly within this month. (...

South Korea To Implement New Accounting Rules For State’s Crypto Companies

The top financial regulator in South Korea has now mandated crypto-related companies to be more detailed in their financial statements. The new rule, which will kick off in January 2024, aims to boost transparency in crypto disclosures. The South Ko...

South Korea to ask firms to disclose crypto holdings from 2024

After initially mandating public officials to declare their crypto, the South Korean authorities now want all local firms to disclose such holdings. The South Korean g...

South Korean companies to disclose crypto holdings from 2024

Key takeaways South Korean financial regulator wants companies to disclose their crypto assets in their financial statements. The aim is to improve accounting transparency amongst companies operating in the country. South Korea introduces a new...

South Korean Companies Required to Disclose Crypto Holdings under New Rules

Companies holding or trading cryptocurrencies in South Korea will be required to disclose information about their transactions to the financial regulator, according to the draft rules released by the country's Financial Services Commission (FSC) yest...

Legal proceedings start for Terraform Labs co-founder in South Korea: Report

Terra co-founder Do Kwon is currently in custody in Montenegro, while Daniel Shin’s trial preparations in South Korea are reportedly underway. Terraform Labs co-found...

Terra Co-Founder Faces Legal Proceedings In South Korea As 1st Hearing Unfurls

Terra’s legal trouble continues with South Korea’s Seoul Southern District Court conducting the initial preliminary hearing for Daniel Shin, the co-founder of Terraform Labs, along with seven other former Terra employees. However, Shin, who st...

South Korea holds first court hearing for Terra co-founder Daniel Shin on crypto fraud charges

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Crypto Exchanges In South Korea Roll Out Volatility Monitoring System

A consortium of leading cryptocurrency exchanges in South Korea has introduced a system designed to notify users about price volatility and fluctuations in cryptocurrency prices. This initiative aims to provide users with timely information and alert...

South Korean Crypto Exchanges Unveil System for Checking Market Volatility

A group of South Korea’s major cryptocurrency exchanges has launched a system that alerts users of abnormal changes in the prices of cryptocurrencies. The alliance, dubbed the Digital Asset Exchange Association (DAXA) and comprising Upbit, Bithumb, C...

South Korea Passes Crypto Bill for User Protection

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South Korea approves crypto bill to protect investors, goes into effect in one year

South Korea’s National Assembly on Friday approved a bill that focuses on protecting the interests of cryptocurrency investors in the country’s first step to build a legal framework devoted to such digital assets, according to the Assembly’s of...

Fidelity leads way refiling for Bitcoin ETFs and South Korea passes protective crypto bill

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South Korean crypto lending firm Delio under investigation by regulators

The firm allegedly denied having any exposure to troubled sister lending firm Haru Invest before suspending transfers earlier this month. According to a report by loc...

Bitcoin Cash jumps to 14-month high amid South Korea volume spike

Bitcoin Cash has skyrocketed to a 14-month high above $320, hitting highs of $326 on Coinbase. BCH upside momentum has increased since Wall Street-backed EDX listed the coin alongside BTC, ETH and LTC. A spike in volume on South Korea exchange Upbit...

South Korea Unveils Crypto Protection Bill Following Series Of Debacles

The South Korean government has ushered in an era of stricter regulation for digital assets with its latest Virtual Asset User Protection legislation. The law has been enacted as a response to a series of scandals that rocked the crypto market, inclu...

Bitcoin Cash Surges to Over 1-Year High amid Rising Trading Volume in South Korea - Coinspeaker

Bitcoin Cash Surges to Over 1-Year High amid Rising Trading Volume in South Korea& & Coinspeaker

South Korea passes cryptocurrency bill to tackle unfair trading

South Korea’s crypto bill aims to establish a basis for imposing penalties and liability for damages caused by unfair cryptocurrency trading. South Korea’s government...

Bitcoin Cash Tops $300 as South Korean Trading Volumes Surge - CoinDesk

Bitcoin Cash Tops $300 as South Korean Trading Volumes Surge& & CoinDesk

South Korea's Crypto Protection Law Advances in Assembly

In a landmark move for South Korea's cryptocurrency sector, the Cryptocurrency User Protection Act (also known as the Cryptocurrency Investor Protection Law) has successfully passed through the Legal Affairs Committee, marking a momentous milestone i...

XRP Beats Bitcoin (BTC) as Most Popular Asset on South Korea's Bithumb - U.Today

XRP Beats Bitcoin (BTC) as Most Popular Asset on South Korea's Bithumb& & U.Today

Bitcoin Exempted From Interest Rate: South Korean Court Rules Crypto ‘Is Not Money’

Bitcoin (BTC) received a significant legal judgment from the Seoul High Court Civil Division, which has concluded that it should not be classified as money. This pivotal ruling exempts the leading cryptocurrency from adhering to the lending business...

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