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Bank of Korea warns that local stablecoins will increase dollar dependence

Bank of Korea warns that local stablecoins will increase dollar dependence

Bank of Korea’s Governor Rhee Chang-yong expressed concerns that won-based stablecoins could spur more demand for U.S. dollar stablecoins.
WEMIX Faces June 2 Delisting After Court Ruling – Can the Gaming Token Bounce Back?

WEMIX Faces June 2 Delisting After Court Ruling – Can the Gaming Token Bounce Back?

Seoul Central District Court has dismissed Wemade’s injunction, clearing WEMIX for delisting from Korean exchanges on June 2. Following a February ...
South Korea’s Top Exchanges Face Antitrust Heat for Wemix Delisting

South Korea’s Top Exchanges Face Antitrust Heat for Wemix Delisting

The coalition of the top five South Korean exchanges conspired against the WEMIX token, WeMade says. The post South Korea’s Top Exchanges Face Anti...
Stablecoin Flood Swells to ₩26.9 T, 47 % of South Korea’s Q1 Crypto Outflows

Stablecoin Flood Swells to ₩26.9 T, 47 % of South Korea’s Q1 Crypto Outflows

Stablecoin flows have dominated South Korea’s cross-border crypto activity in Q1 2025, composing 47 % of the ₩56.8 trn sent abroad as traders seek ...
WEMIX Price Plunges 60% After Major Korean Exchanges Announce Second Delisting

WEMIX Price Plunges 60% After Major Korean Exchanges Announce Second Delisting

WEMIX plunged over 60% after South Korea’s five major exchanges announced a second delisting, citing unresolved security and compliance issues foll...
Wemix token plunges 60%, South Korean exchanges plan to delist

Wemix token plunges 60%, South Korean exchanges plan to delist

South Korean game publisher Wemade’s crypto Wemix suffered a price collapse Friday after five of the country’s leading crypto exchanges announced p...
Cryptocurrency Dominates in South Korea Market, Surpasses Stock Market

Cryptocurrency Dominates in South Korea Market, Surpasses Stock Market

The market capitalization of cryptocurrency in South Korea has exceeded 100 trillion won or $74.8 billion. With these numbers, the daily transactio...
South Korean Regulator Extends Bithumb Inspection, Plans Coinone Probe

South Korean Regulator Extends Bithumb Inspection, Plans Coinone Probe

The South Korean Financial Intelligence Unit (FIU) has extended the period of its on-site inspection of the Bithumb crypto exchange, with a Coinone...
Apple Delists 14 Crypto Apps in South Korea Including KuCoin and MEXC Exchanges Amid Regulatory Crackdown

Apple Delists 14 Crypto Apps in South Korea Including KuCoin and MEXC Exchanges Amid Regulatory Crackdown

Apple has delisted 14 crypto apps in South Korea at the request of one of the country’s regulators. South Korea’s Financial Intelligence Unit (FIU)...
South Korea’s 7-Eleven to accept CBDC payments

South Korea’s 7-Eleven to accept CBDC payments

South Korea’s 7-Eleven shops will be taking part in the test phase of the Bank of Korea’s digital currency (CBDC) project. To that end, the retaile...