South Korea

Four individuals confess to $735,000 USDT theft in South Korean OTC crypto transaction. One member with gang ties suspected of money laundering. Victim urges fund recovery as crypto-related thefts rise in South Korea.

South Korea excludes cryptocurrency donations but allows stablecoins and blockchain gift certificates in charity contributions, reflecting concerns about scams. Despite high crypto adoption, regulatory contradictions aim to balance innovation with investor protection in South Korea's evolving financial landscape.

New amendments exclude digital assets like Bitcoin but embrace KRW-pegged stablecoins, gift vouchers, and bank transfers for charitable donations.

South Korea commits to a permanent crypto crime unit for improved digital asset regulation, promising greater efficiency and stronger investor protections from July 2023.

Kim Nam-guk rejoins South Korea's Democratic Party amidst ongoing crypto scandal, aiming to solidify DP's Assembly majority post-election.

在香港原则性批准BTC和ETH的ETF后, 日本, 韩国, 台湾和新加坡也在考虑自己国民对此的态度

After Hong Kong's principal approval of BTC and ETH ETFs, Japan, Korea, Taiwan, and Singapore are also considering their own citizens' attitudes towards this development.

Upbit halts large transactions due to service suspension by Ten&Ten. Deadline for asset withdrawal: April 22. Reflects market volatility and regulatory scrutiny in South Korea. Bitcoin hits record high amidst ongoing challenges.

The South Korean won is now the world’s most traded currency by crypto-asset volume, with speculative demand for risky tokens surging in the country. On Tuesday (April 16), data from research firm Kaiko showed that the cumulative trading volume of South Korean won on centralized cryptocurrency exchanges in the first quarter of 2024 was US$456 billion, while the US dollar trading volume was US$445 billion.

Toncoin (TON) has surged over 112% in the past month, driven by a $115 million incentive program and the popularity of Notcoin, a Play-to-Earn game. Recent hints at an IPO by Telegram's co-founder have further fueled TON's meteoric rise, reaching a new all-time high of $7.65 in April 2024.