South Korea begins sanctions proceedings against Upbit operator Dunamu after hack. FSS reviews Dunamu’s response before deciding possible enforcement measures. Legal gaps may influence penalties and future crypto oversight in South Korea. South Korea has […]
TLDR South Korea plans to update its 1950 National Property Act. Crypto and intellectual property may become national assets. Seoul plans a tokenized government bond pilot in 2027. State-owned real estate tokenization is also under […]
Upbit will support the listing of Derive’s DRV token with KRW, BTC, and USDT trading pairs starting on July 14. Meanwhile, Derive is making progress in adding exchanges for its tokens and assessing the possibility […]
Key Takeaways Kweather and Flare launch an on-chain weather data pilot via a newly signed LOI. The 2 firms will use Flare oracles to launch parametric climate insurance for weather-sensitive sectors. Over time, the 2 […]
Despite the broader selloff, analysts argue that BTC has shown relative strength by holding important support levels during market stress. South Korea’s KOSPI index fell 8.95% on July 13 after an intraday circuit breaker […]
Key Takeaways Hyundai Card slashed cross-border payment times to 7 minutes in a $20,000 corporate stablecoin test. Tether, Avalanche, and Axiym backed the pilot, marking a historic first for the South Korean card industry. A […]
TLDR South Korea cleared Mirae Asset’s Korbit acquisition. Mirae Asset will buy a 92.06% stake in Korbit. The Korbit deal is worth about $88.8M. Korbit held only 0.5% of Korea’s crypto trading volume. Mirae Asset […]
Key Takeaways South Korea’s Supreme Court announced draft civil enforcement rules to systematically seize and freeze bitcoin. The rules allow courts to convert illiquid tokens into highly liquid assets to stabilize the crypto market. The […]
Korean firms denied formal Open USD membership despite appearing on the alliance’s public roster. Several companies said Open Standard only discussed possible participation without agreements. The dispute adds scrutiny as South Korea reviews tighter rules […]
Open USD’s unveiling hit early controversy after multiple Korean companies said they only learned about their inclusion through media reports. Several major South Korean companies have said they have not formally joined the newly […]
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