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 […]
South Korea referred suspected crypto market manipulation cases to prosecutors. Bank of Korea plans tokenized government bonds after Project Hangang success. Project Hangang advances digital finance with unified ledger infrastructure. South Korea is tightening oversight […]
Key Takeaways Kiwoom Securities opened stake talks with Bithumb via private placement; no terms set as of June 29, 2026. Bithumb Holdings’ 73.56% stake must shrink under Korea’s Digital Asset Basic Act, which caps owners […]
Key Takeaways Kospi’s 8% drop and BTC’s fall to $59,018 show global tech contagion, per Mike McCluskey. Nvidia and Micron pullbacks drove $700M liquidations as ETF outflows eased mid‑week. Strive’s BTC buys and the 200‑week […]
Key Takeaways Chainlink’s Project Pangea unites 37 European banks and 10-plus Korean lenders in a $9.6T FX settlement push. UniKA members, including Shinhan Bank, aim to cut Korean won reliance on intermediary currencies by 2026. […]
Key Takeaways Toss Bank signed an MOU with the Solana Foundation last week to test cross-border remittances. The proof of concept targets faster, cheaper transfers for the bank’s roughly 15 million customers. It deepens Solana’s […]
Key Takeaways South Korean police named Bithumb CEO Lee Jae-won a bribery suspect after a second raid on the cryptocurrency exchange. Bithumb allegedly gained an unfair edge as MP Kim targeted its rival Dunamu on […]
Investigators believe the lawmaker’s criticism of rival exchange Dunamu may have been tied to his son’s employment at Bithumb. South Korean police are investigating Bithumb CEO Lee Jae-won over bribery allegations linked to hiring […]
Key Takeaways Several reports say Seoul police raided Bithumb HQ a second time on June 8, 2026, in the Kim Byung-ki corruption probe. Lawmaker Kim Byung-ki faces 13 suspicions and has been summoned by police […]
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