The company has pushed back its IPO plans in order to concentrate on compliance and corporate governance. According to the South Korean cryptocurrency trading platform, Bithumb now plans to list its shares in 2028, abandoning its earlier plans for listing within either 2025 or 2026. The change in strategy was
South Korea’s financial sector has made yet another important move toward digital assets through a groundbreaking corporate deal this week. Mirae Asset Consulting, an affiliate of Mirae Asset Financial Group, has concluded its acquisition of cryptocurrency exchange Korbit and become the largest shareholder in the company by completing all necessary
The listing of DRV tokens on the biggest crypto exchange in South Korea is going to provide better market accessibility to the Derive protocol by July 14. Upbit confirmed support for KRW, BTC, and USDT trading pairs. This brings the protocol to one of Asia’s most liquid retail cryptocurrency markets.
Upbit, South Korea’s largest cryptocurrency exchange platform, announced the listing of Metaplex (MPLX) and Nexus (NEX). MPLX will be available to trade with BTC and USDT trading pairs on the Solana blockchain platform. NEX will be listed in the USDT market on the Ethereum network. Deposits and withdrawals will start
The Financial Intelligence Unit of South Korea recently referred approximately 40 unregistered virtual asset service providers to the police authority. It reflects Seoul’s increasing attempts to regulate the cryptocurrency firms that operate in South Korea. According to South Korean law, all crypto exchanges are mandated to get the ISMS Certification
The South Korea’s Toss Bank and Solana Foundation have collaborated on a proof-of-concept program that focuses on cross-border remittances. The goal of this proof of concept is to understand if there is an opportunity to use blockchain technology for faster and more efficient cross-border payments. Toss Bank will see whether
South Korea plans on including fintech companies in the new licensing framework for virtual asset transfers, which is due to be introduced in December. This follows the introduction of a six-month grace period into the Foreign Exchange Transactions Act amendment. The concerned government made this announcement to the local media.
Stablecoin balances from South Korea have slipped sharply since July even as stock inflows surge, highlighting a shift in where money is flowing. The overall amount of these so-called tokenized versions of fiat currencies held in wallets associated with South Korea’s 5 biggest crypto exchanges has jumped 55%, with on-chain
South Korea’s main opposition People Power Party has proposed eliminating the planned 2027 tax on digital asset income, raising worries about double taxation and policy inconsistencies. According to a local news outlet, Floor Leader Song Eon-seok’s proposal aims to eliminate the present income tax provisions on digital assets from the
Crypto.com announced a collaboration with KG Inicis, South Korea’s leading payment gateway, to scale the digital asset payments ecosystem by allowing crypto payments for foreign tourists and improving the ease of digital transactions across the country. Expanding Crypto Payment Access According to today’s announcement, KG Inicis will support and promote
