Mirae Asset Group has opened talks to purchase crypto alternate Korbit, as conventional finance retains circling licensed crypto infrastructure. The discussions run by means of Mirae Asset Consulting, a non-financial affiliate of the group, which has signed a memorandum of understanding with Korbit’s main shareholders, in keeping with South Korean media reports. Korbit is primarily…
South Korea is transferring to impose bank-level legal responsibility requirements on crypto exchanges following a $30.1 million hack at Upbit final month, shifting towards treating main platforms with the identical regulatory rigor as conventional monetary establishments. According to The Korea Times, the Financial Services Commission is reviewing provisions that might require crypto exchanges to compensate…
South Korea’s KakaoBank has launched into its deliberate “Kakao Coin,” a KRW-pegged stablecoin, into the precise improvement section. Kakao is reportedly establishing blockchain infrastructure for its personal stablecoin and has opened new recruitment for blockchain service backend builders. The place calls for a deep understanding of good contracts and token requirements. Per a local media…
The South Korea monetary watchdog is getting ready a recent spherical of penalties for home digital asset exchanges, stepping up its marketing campaign in opposition to anti-money laundering failures that regulators say threaten the integrity of the nation’s fast-growing crypto market. Financial authorities are anticipated to challenge each institutional and particular person sanctions, together with…
South Korea’s central financial institution has issued a stark warning over the rising dangers of won-pegged stablecoins, cautioning that personal issuers might threaten financial stability if safeguards should not established. The Bank of Korea (BOK) stated in a new report titled “Currency within the Digital Age: Harmony of Innovation and Trust” that the fast growth…
The South Korean tax company has instructed crypto holders that officers will go to their properties to grab chilly wallets in the event that they fail to pay their tax payments. The South Korean newspaper Hankook Ilbo reported that the feedback got here from the National Tax Service (NTS) on October 9. A tax workplace…
South Korean crypto market has shed roughly $24 billion in six months, with home crypto holdings plummeting from KRW 121.8 trillion to KRW 89.2 trillion between January and June 2025, in line with the Bank of Korea’s newest Financial Stability Report. The large outflow coincided with a dramatic collapse in buying and selling exercise, as…
South Korea’s Naver is alleged to be transferring near a landmark deal that will give the web big management over Upbit, the nation’s largest cryptocurrency change, in response to native reviews. Naver Financial, the corporate’s fintech arm, is in superior talks with Upbit operator Dunamu, to hold out a complete inventory swap. Under this plan,…
Cheongju, the capital and largest metropolis of South Korea’s North Chungcheong Province, says it has seized crypto from 203 residents since 2021. The South Korean information company Yonhap reported that metropolis authorities say the residents all didn’t pay their native taxes. The metropolis additionally introduced that it has opened a buying and selling account on…
Korea Exchange’s IT infrastructure offering affiliate KOSCOM has utilized for 5 stablecoin-related emblems, along with reorganizing its crypto and digital property departments. The South Korean media outlet Seoul Finance reported that the agency has registered emblems for the KSDC, KRW24, KRW365, KOSWON, and KORWON manufacturers. The outlet wrote that KOSCOM needs to “proactively reply” to…