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South Korea

South Korean Presidential Office Suggests Reevaluation of Bitcoin ETF Approval

The Presidential Office of South Korea has put forth a proposal to revisit the approval of a domestic spot Bitcoin exchange-traded fund (ETF). Sung Tae-yoon, the Chief of Staff for...
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‘No South Korea Bitcoin ETF Approval Before Elections,’ Say Experts

South Korean regulators are expected to delay approval for a domestic Bitcoin spot ETF until after the nation’s upcoming general elections, according to insiders. Anonymous financial industry sources anticipate that...
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Two South Korean Brokerages Pause Transactions of Foreign Spot Bitcoin ETFs

Two major South Korean securities companies have suspended their foreign spot Bitcoin ETF transaction services. In response to an announcement from South Korea’s Financial Services Commission, the nation’s primary financial...
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Police Catch South Korea’s ‘$3.5m Nursing Care Fund Crypto Thief’

Police in the Philippines have apprehended a 44-year-old South Korean man suspected of misappropriating approximately $3.5 million from a nursing care fund and diverting the funds into cryptocurrency. The individual,...
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South Korean Agencies Investigate $82M Orbit Bridge Hack After Reports of Lazarus Group’s Involvement

Just before New Year’s Eve, Orbit Bridge, the primary bridge for the Claytont ecosystem, fell victim to an exploitation resulting in losses of nearly $82 million. South Korean authorities from...
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South Korea Proposes Ban on Crypto Purchases with Credit Cards

South Korea’s Financial Services Commission (FSC) has put forth a proposal to amend its Enforcement Decree of the Credit-Specialized Financial Business Act, with the intention of prohibiting cryptocurrency purchases using...
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Bank of Korea Governor Calls for Action on CBDCs

South Korea’s central bank governor, Lee Chang-yong, is urging action on central bank digital currencies (CBDC), emphasizing that the development of CBDCs is now imperative and cannot be postponed any...
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IMF Head Urges For Clear Rules and Infrastructure to Curb Crypto Risks

Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), discussed strategies to mitigate cryptocurrency risks to financial stability. Emphasizing the importance of clear regulation and infrastructure for crypto...
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South Korean Regulator Rules NFTs Are Not Subject to Crypto Law

South Korean financial regulators have declared that Non-Fungible Tokens (NFTs) are not subject to the same regulations as cryptocurrencies, a decision that could provide support to token issuers and blockchain...
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National Security Officials Discuss to Combat DPRK’s Crypto Illicit Use in WMD Programs

The National Security Advisors of the United States, South Korea, and Japan recently convened to address the challenge posed by North Korea’s illicit use of cryptocurrency to fund weapons of...
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