South Korea’s federal government recommends the domestic crypto industry adopt a licensing system for exchanges and token issuers as a way of shielding investors.
Kookmin Bank is preparing to become the first bank in South Korea to offer crypto investment products to retail investors.
Crypto exchanges, including Upbit, Bithumb and Korbit, will follow Coinone’s lead in banning transfers to non-verified wallets.
The South Korean government has taken action to block the release of new play-to-earn games and requested that existing ones be removed from Google Play and...
South Korea’s Financial Services Commission has released a report outlining its new definition of cryptocurrencies, along with planned procedures for token issuers and penalties for non-compliance.
South Korea’s Financial Services Commission announced that nonfungible tokens will be taxed starting next year. This tax law amendment would impose a 20% tax on income...
South Korea’s NFT space has quickly expanded throughout 2021 led by the growth of crypto and NFT services offered by Kakao.
The Korea Herald, Shinban Bank, K bank and NH Nonghyup Bank announced a total revenue of 16.9 billion South Korean won in Q2. The crypto exchanges...
