Korean Central Bank Advocates Measured Stablecoin Approach
South Korea’s central bank is advocating for a phased introduction of won-denominated stablecoins, initially prioritizing regulated commercial banks for their issuance. Stablecoins Could Significantly Influence Korean Monetary Policy South Korea’s central bank is advocating for a phased introduction of won-denominated stablecoins, prioritizing rigorously regulated commercial banks for initial issuance. According to Ryoo Sang-dai, senior deputy […]
Korean Central Bank Advocates Measured Stablecoin Approach
South Korea’s central bank is advocating for a phased introduction of won-denominated stablecoins, initially prioritizing regulated commercial banks for their issuance. Stablecoins Could Significantly Influence Korean Monetary Policy South Korea’s central bank is advocating for a phased introduction of won-denominated stablecoins, prioritizing rigorously regulated commercial banks for initial issuance. According to Ryoo Sang-dai, senior deputy […]
South Korea Moves Toward Spot Crypto ETF Approval in 2025
South Korea’s financial regulator has submitted a roadmap outlining plans to approve spot crypto ETFs and a Korean won-based stablecoin market, signaling a major shift in the nation’s digital asset policies by late 2025. FSC Files Roadmap for Spot Crypto ETFs, Eyes Domestic Stablecoin Market South Korea’s Financial Services Commission (FSC) has taken a key […]
Bitcoin to Solana: Crypto Prices Stay High Above Global Averages in South Korea
Since late May—spanning the past 17 days—the price gap for bitcoin in South Korea has climbed, topping a 3% difference by month’s end. As of Sunday, June 8, bitcoin is trading in the country at more than $1,500 above the worldwide average. Crypto Prices Break Away in South Korea, Sparking Premium Frenzy Bitcoin is currently […]
K-Pop Goes Bitcoin—Nasdaq-Listed K Wave Media to Add Bitcoin to Its Balance Sheet
K Wave Media Inc. has entered into an agreement to raise up to $500 million by selling ordinary shares, with a significant portion earmarked for building a bitcoin-focused treasury. K Wave Media Enters $500M Deal to Fuel Bitcoin-Centric Treasury and Growth The Nasdaq-listed company (KWM) announced the securities purchase agreement with Bitcoin Strategic Reserve KWM […]
Crypto policies may dominate South Korea’s 2025 election agenda as 15M investors eye reforms
South Korea’s election is scheduled for 3 June. Candidates propose legalising Bitcoin and crypto ETFs. Lee Jae-myung of the Democratic Party and Kim Moon-soo from the People Power Party are leading with pro-crypto proposals. With over 15 million digital asset investors—nearly a third of the country’s population—crypto has emerged as a decisive issue in the […]
Six-Figure Bitcoin Rally Triggers Rare Price Inversion in South Korea
Over the past 24 hours, bitcoin has drifted between $103,133 and $104,841, while South Korea’s notorious premium quietly inverted, dipping into discount territory for several days this month. Bitcoin’s Comeback Inverts South Korea Premium to 0.76% Below Global Average Bitcoin has experienced an eventful week, buoyed by renewed appetite and reclaiming the $100,000 milestone for […]
Report: South Korea to Allow Free Crypto Trading for Non-Profits, Exchanges in June
Beginning in June, South Korean nonprofit organizations and virtual asset exchanges will be permitted to trade digital assets freely. Exchanges can sell virtual assets under strict regulatory conditions to prevent conflicts of interest and minimize market impact. Promoting a Sound Donation Culture South Korean nonprofit organizations and virtual asset exchanges will be allowed to freely […]
Report: South Korea’s Bithumb to Spin Off Non-Core Units Ahead of IPO
Bithumb is breaking itself in two as it races toward an IPO, carving out its exchange and investment units to streamline operations and court investors. Bithumb’s Corporate Split Sets Stage for IPO Local media reports that the South Korean cryptocurrency exchange Bithumb is restructuring its operations ahead of a planned initial public offering (IPO) in […]
Astra Fintech Launches $100 Million Fund to Boost Solana Ecosystem Innovation
Astra Fintech has announced the launch of a $100 million fund aimed at accelerating innovation within the solana ecosystem. This initiative seeks to identify and support high-potential builders and startups, building on Astra’s successful track record with projects like Mulex, DEPE, and Mone, and its sponsorship of the Seoulana event. In addition to funding, Astra […]