Increased market penetration and adoption of stablecoins have put a damper on the South Korean CBDC plans. The country has applied brakes on its CBDC trial program that had been ongoing since April this year in the wake of stablecoin’s resurgence amidst political backing. The Bank of Korea (BoK) confirmed the current state of affairs … Read more
Nearly one-third of the South Korean population has reportedly invested in Bitcoin (BTC) and other digital assets. The Seoul-based news agency Yonhap, citing data released by the South Korean government, reports that as of late February of this year, 16.29 million people have opened accounts on Upbit, Bithumb, Coinone, Korbit and Gopax, the country’s top … Read more
South Korea’s Financial Services Commission (FSC) announced plans to issue comprehensive guidelines for institutional cryptocurrency investment by the third quarter of 2025. The FSC revealed its roadmap during a meeting with local crypto industry experts on Wednesday, 12 March 2025. South Korea to issue institutional #crypto investment guidelines by Q3 The Financial Services Commission (FSC) … Read more
South Korea crypto rules could change as the government plans to lift the corporate crypto trading ban, paving the way for Korean crypto capital. South Korea has undertaken a major policy shift. On February 13, 2025, the country announced that it is lifting its long-standing crypto trading ban. This decision has now made it possible for institutions, … Read more