South Korea

Ethereum Altcoin Explodes 68% After Korea’s Second-Biggest Crypto Exchange Announces Trading Support

March 23, 2025 The Daily Hodl

Across Protocol

An Ethereum (ETH)-based altcoin is skyrocketing after gaining support from South Korea’s second-largest crypto exchange. In a new announcement, crypto trading platform Bithumb says that it is now supporting the interoperable cross-chain bridge Across Protocol (ACX), triggering rallies for the digital asset. News of the event caused ACX to surge, as it went from a […]

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South Korea Cracks Down on Unregistered Overseas Crypto Exchanges

March 22, 2025 Bitcoin.com

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South Korean financial authorities are cracking down on unregistered overseas cryptocurrency exchanges targeting Korean users. Enforcing the Specific Financial Information Act South Korean financial authorities are escalating their efforts to regulate the domestic cryptocurrency market by targeting overseas virtual asset exchanges that operate without proper registration. According to a local report, the Financial Intelligence Unit […]

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Bank of Korea Dismisses Bitcoin Reserves, Cites Volatility Concerns

March 19, 2025 Bitcoin.com

Bitcoin (BTC)

The Bank of Korea has stated it has not considered adding bitcoin ( BTC) to its foreign exchange reserves, emphasizing the need for extreme caution on this matter. Volatility: Crypto’s Achilles Heel The South Korean central bank has stated that it has not explored adding bitcoin ( BTC) to the country’s foreign exchange reserves. Responding […]

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South Korea to Trial CBDC With 100,000 Users and 7 Banks

March 19, 2025 Bitcoin.com

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South Korea’s CBDC pilot will involve seven major banks issuing deposit tokens, enabling 100,000 participants to make digital payments at top retailers like 7-Eleven, Hyundai Home Shopping, and Kyobo Bookstore. South Korea’s CBDC Pilot to Test Deposit Tokens in Real-World Transactions South Korea’s central bank, the Bank of Korea (BOK), is gearing up to launch […]

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Bank of Korea Rejects Bitcoin for Reserves, Citing High Volatility and Liquidity Concerns

March 18, 2025 Bitcoin.com

Bitcoin (BTC)

South Korea’s central bank has ruled out adding bitcoin to its foreign exchange reserves, citing extreme price volatility and failure to meet liquidity and investment-grade standards. This stance follows U.S. President Donald Trump’s March 6 executive order promoting bitcoin stockpiling. The Bank of Korea, responding to a query from Rep. Cha Gyu-geun, emphasized that reserves […]

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South Korea Opens Door to Institutional Crypto Investment

March 13, 2025 Bitcoin.com

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South Korea is shifting its stance on crypto, moving towards a more open approach by lifting its ban on institutional crypto trading.The Financial Services Commission (FSC) will release crypto investment guidelines, with staggered timelines for different participants. This move aims to develop the crypto market while ensuring user protection. The guidelines will include best practices […]

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Bitcoin’s Korean Curveball: A Significant BTC Price Premium Persists Since Late 2024

March 2, 2025 Bitcoin.com

Bitcoin (BTC)

As the sun rises on Sunday, March 2, 2025, bitcoin lingered beneath the $90,000 threshold at $85,803 globally, yet South Korea’s markets defied the trend, with BTC commanding a 2.18% premium to reach $87,673—a resilient divergence in an otherwise tempestuous climate. Three Months, One Trend: South Korea’s Bitcoin Valuation Outpaces Global Markets Bitcoin has navigated […]

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Bitcoin sidechains will drive BTCfi growth

Ripple’s President: South Korea Preparing for Institutional Crypto Boom

March 2, 2025 Bitcoin.com

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South Korea is preparing for a surge in institutional cryptocurrency adoption, with Ripple expanding its footprint through a partnership with BDACS. “South Korea is gearing up for a wave of institutional crypto adoption,” said Monica Long, Ripple’s president, emphasizing the growing need for secure, enterprise-grade custody solutions. BDACS will implement Ripple Custody to provide a […]

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BDACS Partners With Ripple to Boost Institutional Crypto Custody in South Korea

February 27, 2025 Bitcoin.com

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BDACS, South Korea’s first regulated custodian for institutional digital assets, unveiled a strategic alliance with blockchain firm Ripple on Feb. 26, 2025, designed to broaden safeguarded custody offerings for XRP, RLUSD, and related cryptocurrencies. Ripple, BDACS Forge Strategic Alliance According to Ripple’s announcement, the partnership mirrors the nation’s methodical regulatory blueprint for institutional digital asset […]

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Murder in Korea: Chinese National Killed While Trading Cryptocurrency

February 27, 2025 Bitcoin.com

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A Chinese national was murdered in a luxury hotel in Jeju City, South Korea, while trading cryptocurrency. Four individuals have been arrested in connection with the murder case. The killer also stole nearly $59,000 from the victim. Chinese National Murdered While Trading Cryptocurrency in Korea Wrench attacks are rising in the cryptocurrency space. Local reports […]

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Bitcoin sidechains will drive BTCfi growth