South Korea


Policy

Bithumb to Mandate ID Verification From Non-Koreans Within the Year: Report

The crypto exchange will prohibit access to its platform for non-Korean nationals who fail to verify their identity by mobile phone.

Bithumb

Finance

Red Date, MetaverseSociety Partner to Launch BSN Portal in S. Korea

The portal will be the Blockchain Services Network’s third in the APAC region.

(Alex Wong/Unsplash)

Videos

Korea’s Love for Crypto Continues, Crypto Exchange Bilaxy Hacked

Data shows Korean love of crypto remains strong, despite new regulations. China banks release data on e-CNY progress. Hong Kong-based Bilaxy crypto exchange suffers US$21 million hack. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

Recent Videos

Policy

South Korea’s Top Financial Regulator Is Forming a Dedicated Crypto Bureau

The Crypto Asset Monitoring Bureau will officially launch in September and oversee licensing for exchanges and other operators, among other responsibilities.

korea

Markets

Upbit Is First Korean Exchange to Register With Authorities Before September Deadline

Crypto exchanges that don't register by Sept. 24 face being shut down in South Korea.

Upbit-logo

Markets

Operator of South Korea's Largest Exchange Rolls Out 'Travel Rule' Solution in Singapore

The blockchain research arm of Upbit's operator has launched its VerifyVASP in Singapore, a solution for combating crypto money laundering.

Singapore

Markets

LINE's Crypto Exchange to Cease Activity in South Korea Ahead of Regulatory Deadline: Report

The development shows potential for many foreign exchanges to pull or limit services within the country ahead of tougher regulations.

South Korea

Markets

Binance Discontinues South Korean Won Trading Pairs, Payment Options

The crypto exchange will discontinue Korean language support and remove won trading pairs.

Binance CEO Changpeng Zhao

Markets

Samsung Plans to Test Mobile Phone Functionality With South Korea's CBDC Pilot

The electronics giants will look at whether transactions can be completed without internet availability.

Samsung

Markets

Top South Korean Money Transfer Firm Joins RippleNet to Further Remittances to Thailand

Ripple is focusing on Asia, which the company has said is its fastest-growing market.

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