South Korea’s governing People Power Party (PPP) has unveiled a progressive digital asset agenda in preparation for the pivotal June 3 snap election. The party promised to legalise spot crypto ETFs and scrap the inhibitive “one exchange, one bank” rule as part of efforts to bring the country’s cryptocurrency industry
The market capitalization of cryptocurrency in South Korea has exceeded 100 trillion won or $74.8 billion. With these numbers, the daily transaction volumes of crypto have now surpassed the nation’s stock markets. Due to this, everyone in the nation is concerned about excessive speculative trading, as a report suggests that
The US and South Korea will have trade talks in Washington this week. At the request of the US. South Korea’s Trade Minister Ahn Duk-geun and Finance Minister Choi Sang-mok will talk with US Trade Representative Jamieson Greer. And Treasury Secretary Scott Bessent on the sidelines of IMF and World
Trump’s pro-crypto administration in the US is inspiring other government officials across global countries to regulate and adopt the crypto industry. South Korea presidential candidate Hong Joon-pyo made a vow to push crypto in the country, similar to how Trump did in the US. South Korean local media news outlet
Crypto regulatory bodies are becoming more alert across the world. They are not only focused on creating a regulatory framework, but also on restricting unregistered applications to protect their citizens. South Korea banned several crypto exchanges from Apple and Google Stores that don’t have a license to operate in the
Crypto community members have been watching the dispute between Justin Sun and Hong Kong financial institution, FDT. On the other hand, market prices have shown minimum movements in the last 24 hours. A recent report of surging crypto crimes have unsettled waves in the community. On turning to the regulatory
Scam Took Investors’ Money A South Korean court has sentenced three people to prison for crypto scam investors out of 610 million won (about $460,000). They tricked people by promising big profits from cryptocurrency investments. According to Chosun Ilbo, the Busan District Court, led by Judge Kim Yong-gyun, announced the
Cryptocurrency has become the talk of the town in the past few months. While prices have lost their peak, the same cannot be said for other sectors. For instance, the US spot ETF sector has shown a significant boom over the past few days. Several altcoins are anticipated to see
The Bank of Korea (BOK) has officially rejected the idea of considering Bitcoin (BTC) in its foreign exchange reserves, mainly because of its volatile nature and liquidity concerns. In a response to an inquiry from lawmaker Cha Gyu-geum, the central bank stated, the central bank has confirmed that it had
Cryptocurrency hacks have been far from reducing over the past months. Following a short dormancy during the end of 2024, the sector witnessed the huge Bybit hack in February. This hack occurred on February 22 and experienced a loss of $1.4 billion worth of funds. Particular investigators alleged that the
