South korea

South Korea to Test Blockchain Deposit Tokens for Government Spending in Q4

South Korea is pushing deeper into blockchain integration as its Ministry of Economy and Finance prepares to launch a pilot…

1 week ago

South Korea Moves to Regulate RWA Tokens and Stablecoins Under Existing Financial Laws

South Korea is accelerating its push into digital assets, proposing a new framework that brings tokenized real-world assets (RWAs) and…

2 weeks ago

South Korean Exchange Bithumb Accidentally “Gives Away” $40B in Bitcoin in Promotional Blunder

In one of the most unusual incidents in crypto history, Bithumb, a major South Korean cryptocy exchange, mistakenly credited users with hundreds…

2 months ago

Hyundai Group Receives Bomb Threat Demanding 13 Bitcoin Ransom

Hyundai Group evacuated hundreds of employees from two major Seoul headquarters on Friday after receiving a bomb threat via email…

4 months ago

Flow Blockchain Probes Security Incident as FLOW Token Plunges Over 40%

The Flow Foundation announced Saturday that it is investigating a potential security incident affecting its Layer 1 blockchain, prompting major…

4 months ago

South Korean Police Officers Indicted for Accepting Bribes From Illegal Crypto Exchange Operators

A South Korean police superintendent and senior officer have been indicted for allegedly accepting bribes from crypto operators who ran…

5 months ago

South Korea’s First Won-Pegged Stablecoin KRW1 Launches on Avalanche

South Korea's crypto custody service provider BDACS announced Thursday that it has launched KRW1, a stablecoin fully backed by the South…

7 months ago

South Korean Lawmaker Proposes Stablecoin Licensing Regime in New Comprehensive Crypto Bill

A South Korean lawmaker unveiled a new bill on Tuesday to further establish a regulatory framework around crypto, including a…

11 months ago

South Korea to Start Lifting Ban on Corporations Trading Crypto

South Korea's Financial Services Commission (SFC) plans on lifting a ban that prevented institutions trading crypto in response to the…

1 year ago

Gwacheon City in South Korea Introduces System to Seize Crypto From Tax Dodgers

The Gwacheon City in South Korea will roll out a virtual asset electronic seizure system next month to track and…

1 year ago