Upbit crypto exchange’s blockchain sister firm raises $60M
Upbit operator Dunamu plans to expand its joint NFT venture with South Korean entertainment firm HYBE.
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It’s Time for South Korea to Embrace Cryptocurrencies, Says KRX Chief
At the stage of the 2021 Global ETP Conference, Sohn Byung-doo stated that the digital asset industry is not very different from capital markets. The exec emphasized the need for…
Finance Committee Approves Legislation Delaying Crypto Tax in South Korea
Changes meant to postpone the introduction of a tax on virtual assets such as cryptocurrencies in South Korea have been approved by an important parliamentary committee. The draft legislation seeks…
SK Square Becomes Second-Largest Shareholder of Crypto Exchange Korbit (Report)
The investment company – SK Square – has reportedly invested 90 billion won ($75.5 million) to acquire a 35% stake at the digital asset exchange Korbit. By doing so, it…
Law Decoded: India ponders going full China on crypto, Nov. 22–29
The world's sixth-largest economy could adopt a hardline stance against decentralized cryptocurrencies as soon as this winter.
South Korea embraces the proto-Metaverse
South Koreas will be immersed in the Metaverse sooner than later, as industries and public services begin rolling out virtual avatars and applications across the country.
South Korean lawmakers push back against controversial “know-the-sender” rule
If passed, more stringent reporting requirements would apply to domestic and international transactions, which some say would damage the growth of the industry.
Animoca Brands unveils plans for K-pop NFT metaverse
Animoca Brands has announced it will partner with Korean record label Cube Entertainment to build a “K-pop metaverse.”
Ukraine Security Service Busts Criminal Group Selling Bitcoin-Stealing Malware
Law enforcement authorities in Ukraine have exposed a crime ring specializing in cryptocurrency theft and laundering of illicit funds for hackers. The gang, which provided services to clients on the…
South Korean pension fund to invest in Bitcoin ETF: Report
KTCU plans to invest in Bitcoin ETF products after consultation with domestic asset managers,” an exec reportedly said.