“User assets remain safe and secure, and we will communicate any further updates through our official channels.” BitMart, Phemex and MEXC did not immediately respond to a CoinDesk request for comment. South Korea’s proposed Digital […]
Jeonbuk Bank has started offering bitcoin-backed loans to corporate clients, becoming the country’s first bank to let firms borrow cash against their crypto holdings. The South Korean bank, a unit of JB Financial Group, will […]
“By doing so, Samsung Wallet becomes the foundation for an interconnected financial ecosystem across Galaxy devices and services — where it combines payments, rewards, and digital assets into a single unified experience,” he said. If […]
South Korea’s largest crypto exchange Bithumb said Monday it is preparing for a 2028 initial public offering (IPO) following a major internal reorganization to strengthen control and adoption of international account standards. Seoul-based Bithumb did […]
South Korea plans to impose an up to 22% combined tax on annual crypto gains exceeding 2.5 million won ($1,740). The country plans on taxing cryptocurrency gains from Jan. 1, 2027, signaling that it does […]
Korbit currently holds less than 1% of South Korea’s domestic crypto market, far behind giants Upbit and Bithumb. When asked directly about its strategy to compete, Mirae Asset stressed that the goal is not to […]
Korbit, South Korea’s first homegrown crypto exchange founded in 2013, now has a new home and its a traditional finance behemoth. The exchange announced Thursday that it is now part of the Mirae Asset Group […]
The Bank of Korea’s central bank digital currency (CBDC) plans are moving forward with nine participating banks. The second phase of BOK’s CBDC program is scheduled for September with real-transaction testing, Yonhap News Agency reported […]
South Korea plans to update its 76-year-old national asset management system to formally include virtual currencies and intellectual property in the country’s definition of national assets, according to the Ministry of Economy and Finance’s economic […]
OKX Ventures, the investment arm of crypto exchange OKX, will invest 80 billion won ($53 million) for a 19.6% stake in South Korean cryptocurrency exchange Coinone, the companies announced Friday, marking one of the largest […]
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