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South Korean Crypto Exchanges Paid Customers $87M in Interest in Past Year

South Korean Crypto Exchanges Paid Customers $87M in Interest in Past Year

South Korean crypto exchanges paid their customers $87 million worth of interest on their fiat deposits in the past 12 months. The post South Korea...
South Korea’s Shinhan Launches Crypto Services on Its Banking App

South Korea’s Shinhan Launches Crypto Services on Its Banking App

The South Korean commercial banking giant Shinhan Bank has launched a range of crypto services on its SOL smartphone app. The post South Korea’s Sh...
Upbit at Risk of Historic $131.5B Fine: South Korean Lawmaker Drops Bombshell

Upbit at Risk of Historic $131.5B Fine: South Korean Lawmaker Drops Bombshell

South Korea’s Upbit faces potential fines of up to $131 billion for KYC and compliance failures, raising concerns across the crypto industry. The p...
XRP Rockets Past $3.20 as Korbit Transfers Close to 10M Coins in Mega Move

XRP Rockets Past $3.20 as Korbit Transfers Close to 10M Coins in Mega Move

XRP surges past $3.20 as Korbit transfers nearly 10M coins, signaling strong market momentum and rising institutional activity in the crypto space.
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.
Is the KRW Stablecoin the Next Global Reserve Currency?

Is the KRW Stablecoin the Next Global Reserve Currency?

As Seoul legalizes KRW stablecoins, will Asia’s digital finance landscape shift — and could the won rival the U.S. dollar online?
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 ...
Bank of Korea Embraces Public Blockchain for Deposit Tokens, Moves to Reclaim Stablecoin Control

Bank of Korea Embraces Public Blockchain for Deposit Tokens, Moves to Reclaim Stablecoin Control

In a strategic decision toward modernizing its monetary system, the Bank of Korea (BOK) announced it is exploring the use of public blockchains to ...
Bank of Korea Plans to Integrate Deposit Tokens on Public Blockchain Networks

Bank of Korea Plans to Integrate Deposit Tokens on Public Blockchain Networks

The Bank of Korea deputy governor said that the central bank is considering integrating state-backed deposit tokens with public blockchains. The po...
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...