South Korean Financial Regulator Says U.S. Bitcoin ETFs May Violate Local Law
Further review and consideration regarding crypto ETFs is planned, the regulator says.
South Korea
South Korea Regulator Seeks Ban on Crypto Purchases With Credit Cards
The Financial Services Commission cited concerns “about illegal outflow of domestic funds overseas due to card payments on overseas virtual asset exchanges.”
South Korea to Make Officials’ Crypto Disclosures Public
Public officials will also be provided an asset disclosure service starting next year to report crypto and other holdings.
South Korea’s Financial Regulations Chief to Meet SEC Chairman Gensler Next Month: Report
The two aim to strengthen cooperation on crypto regulations before South Korea’s new crypto laws go into effect next year.
Bank of Korea Governor Sees CBDC Introduction as Case for ‘Urgency:’ Report
Stablecoins’ widespread usage and frequent instability could lower the effectiveness of central bank monetary policies, Rhee Chang-yong said.
South Korea Financial Regulator Proposes Consumer Protection Rules for Crypto Users
The rules are scheduled to take affect on July 19 next year.
South Korea to Pilot CBDC With 100,000 Citizens in 2024: Report
The Bank of Korea sees a CBDC as a potential answer to problems with existing government-issued grant systems, such as during the COVID-19 pandemic or childcare vouchers.
South Korea’s Pension Fund Bought $20M Coinbase Shares in Q3, Made 40% Profit: Report
The fund snapped up COIN at an average price of $70.5 in the third quarter, achieving a 40% profit from investment.
South Korean Investors Prefer Altcoins to Majors, Tron to Ethereum: DeSpread Research
Koreans trade differently to the rest of the world, market data shows.
Digital Arm of Thailand’s SCBX and Korean Web3 Firm Hashed Ink R&D Partnership
The partnership comes weeks after KBank, rival of SCBX’s parent, announced a $100 million web3 fund.