
Banks in South Korea are reportedly rushing to partner with crypto firms as the country’s digital asset regulations become less restrictive. Last week, South Korea’s Financial Services Commission announced the country would launch a pilot program in the second half of 2025 enabling 3,500 corporate entities to buy crypto for investment and financial purposes. Corporate […]
The post Banks in South Korea Moving Quickly To Partner With Crypto Exchanges Amid New Regulatory Clarity: Report appeared first on The Daily Hodl.
South Korean regulators reportedly continue to discuss the approval of corporate crypto trading amid the country’s ongoing leadership crisis.
South Korean regulators are moving forward with plans to approve cryptocurrency investment by institutional investors, according to local media reports.
The South Korean Financial Services Commission (FSC) has announced plans to gradually roll out corporate investment in digital assets by allowing the issuance of real-name corporate trading accounts, the local news agency Yonhap reported on Jan. 8.
The regulator reportedly announced the initiative in conjunction with the FSC’s 2025 work plan to focus on financial stability and accelerate innovation.
Do Kwon, Terraform Labs co-founder, was extradited to the US by Montenegro, bypassing South Korea’s petition.
Terraform Labs co-founder Do Kwon was handed over to United States law enforcement by authorities in Montenegro after a months-long battle over where he would be extradited.
Montenegrin Prime Minister Milojko Spajić said in a Dec. 31 X post that Kwon was in US custody and would face criminal charges in the case involving the collapse of Terra.
Kwon’s handover to the US occurred four days after the Montenegrin Justice Minister Bojan Božović approved the extradition, rejecting a petition from South Korea, despite Kwon holding citizenship and facing charges there.
The disgraced co-founder of the Terra (LUNA) ecosystem is set to appear in a US court today after recently being extradited from Montenegro. According to a new report by Reuters, Do Kwon is facing fraud charges in the US related to the multibillion-dollar downfall of Terra in 2022 and will make his first court appearance […]
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