Bithumb to Scale Back Crypto Lending Services After Regulatory Pressure
The crypto exchange Bithumb has made “significant reductions” to the scale of its crypto lending services amid ongoing concerns fr...
South Korean Overseas Retail Investors Pivot to Stablecoin-Tied Stocks: Report
South Korean retail investors increased their investments in shares related to stablecoins, following the passage of the U.S. GENI...
KakaoBank Mulls South Korean Won-Backed Stablecoin Launch by 2025: Report
South Korea's KakaoBank is “reviewing” various methods, including the issuance of a won-backed stablecoin and digital asset custod...
With South Korea's CBDC Plans Dead, KakaoBank Joins Stablecoin Gold Rush
The online lender joins a growing wave of Korean fintechs eyeing stablecoin issuance after the government scrapped its CBDC pilot...
Bitcoin Asset Manager Parataxis to Go Public in $400M SPAC Deal Backed by Silver...
The newly public firm will pursue bitcoin-focused treasury strategies in the U.S. and South Korea.
Ripple’s Partnership With BDACS Pays Off as XRP Support Goes Live at Korean Cryp...
BDACS launches XRP custody for institutions in Korea, deepening Ripple partnership and boosting regulatory alignment for XRP’s glo...
South Korean Crypto Exchange Bitsonic CEO Faces Second Jail Term Over Fraud
Bitsonic CEO defrauded customers for a total of 160 million won ($115K) by inflating Bitsonic Coin trading volume and market price...
South Korean Banks Scramble to Ready Crypto Biz Plans Ahead of Regulatory Reform...
South Korean banks are rushing to prepare crypto and stablecoin-related business plans, with some of the country’s biggest lenders...