Korea

Korean Crypto Exchanges Paid $14.7M to Banks for Name Verification Services: Report

Exchanges have to set up partnerships with banks for real-name verification by Sept. 24.

News  ·  10 August 2021

Solana Launches $20M Fund to Advance Ecosystem in Korea

The launch comes only weeks after Solana drew $60 million in funding for projects in Brazil, Russia, India and Ukraine.

News  ·  3 June 2021
CBDC

CBDCs Will Reduce Demand for Bitcoin, Says South Korea Central Bank Chief

Bank of Korea Governor Lee Ju-yeol says once central bank digital currencies (CBDC) are introduced, the demand for cryptocurrencies like bitcoin fall.

News  ·  26 March 2021
Binance

Crypto Exchange Binance Terminates South Korea Operations Due to Low Usage

Cryptocurrency exchange Binance said a new South Korean law going into effect early next year was another factor.

News  ·  24 December 2020
CBDCs

S. Korea’s Central Bank Forms Legal Panel to Advise on Possible Digital Currency Launch

The Bank of Korea has set up a legal panel to advise on possible regulatory sticking points for a future CBDC issuance.

Policy & regulation  ·  15 June 2020
Regulation

Binance Korea Deploys Anti-Money Laundering Tool from Regtech Company Coinfirm

Blockchain analytics provider Coinfirm will help Binance Korea better comply with anti-money laundering rules.

Policy & regulation  ·  3 June 2020