South Korea's top cryptocurrency exchange, Upbit, is facing a regulatory storm. Accused of breaching Know Your Customer (KYC) obligations, the platform faces a suspension that could bar it from registering new users for six months. According to local

Crypto exchange Upbit may face possible sanctions in South Korea for not complying with the country's money laundering and know your customer (KYC) obligations, according to a report from local news site Maeil.Upbit which is one of South Korea's larg

South Korean financial authorities have taken action against alleged unfair cryptocurrency trading practices under the country’s investor protection regime.On Jan. 16, South Korea’s Financial Services Commission (FSC) reported the first case of unfai

South Korea has officially begun discussions to develop the second part of its crypto regulatory framework and aims to draft the legislation within the second half of this year, local news outlets reported.The country’s Financial Services Commission

The United States, Japan and the Republic of Korea (South Korea) have issued a joint statement warning the blockchain industry against crypto thefts committed by the Democratic People's Republic of Korea (DPRK or North Korea).The three governments sa

The cryptocurrency market witnessed extraordinary trading activity in December 2024, with total spot trading volume across major exchanges reaching $2.14 trillion, marking an 8% increase from November's $1.99 trillion and a staggering 142% year-over-

XRP, the third-largest cryptocurrency, has seen a spike in both trading volume and price over the last 24 hours.According to CoinMarketCap data, XRP's trading volume has increased by more than 80% over the last 24 hours, reaching $8.99 billion. This

A big XRP transfer from Upbit, South Korea's biggest crypto exchange, is causing some buzz about what it might mean for the popular cryptocurrency. Whale Alert tracked the withdrawal of 24 million XRP, worth about $60.63 million, from Upbit's wallet

Posting this ICYMI:South Korea's Financial Services Commission (FSC) is reportedly preparing to ease restrictions on institutional cryptocurrency trading.According to Yonhap news agency, the plan seeks to gradually allow institutional investors to op

Arbitrum, the largest layer-2 network on top of Ethereum, has awarded its biggest-ever developer grant to Lotte Group, the multibillion-dollar South Korean conglomerate known for its vast portfolio of shopping malls, media companies and entertainment

Incoming U.S. President Donald Trump is widely expected to be a positive catalyst for the crypto market, but his promises are already bumping business for locally-based crypto firms.Financial firm Ripple Labs, which offers payment rails and the RLUSD

South Korea’s Jeju Island is reportedly planning to issue non-fungible token (NFT) tourist cards in a bid to boost visitation by the country’s younger generations.Local news outlet the Maeil Business Newspaper reported on Jan. 5 that Jeju plans to is

South Korea’s Jeju Island is reportedly planning to issue non-fungible token (NFT) tourist cards in a bid to boost visitation by the country’s younger generations.Local news outlet the Maeil Business Newspaper reported on Jan. 5 that Jeju plans to is

XRP, the fourth largest cryptocurrency by market cap, no doubt has kicked off the year 2025 on a strong note, recording a significant surge in transaction volume at 2025's start.According to Ali Martinez, a crypto analyst, XRP recently witnessed a ma

Crypto majors zoomed higher in the past 24 hours as the market entered a widely expected bullish year, with bitcoin inching above $95,000 to shake off losses from last week.A CoinDesk analysis from Tuesday flagged unusually high trading volumes for

The new year 2025 has started for XRP with a rather large transfer of 30 million XRP to the major Korean exchange Bithumb. As it became known thanks to a report from Whale Alert, the amount of tokens equivalent to $64.03 million was deposited on Bith

Seoul, South Korea, 21st November 2024, Chainwire

This is the first time where South Korea has identified North Korea as the perpetrator of a cryptocurrency heist, the police agency said.

The Financial Supervisory Service (FSS) of South Korea maintains its ban on Bitcoin spot and futures ETFs, enforcing strict regulations against cryptocurrency-related investment products. This persistent stance raises concerns about the country’s pot

South Korea’s financial watchdog has doubled its restrictive stance toward crypto, rejecting the launch of exchange-traded funds (ETFs) that track companies linked to digital assets. Local media reported on Nov. 20 the Financial Supervisory Service (