FSC Vice Chairman Kim Soyoung holds a press briefing after the regulator's Virtual Asset Committee meeting on Feb. 13, 2025 South Korea plans to allow companies listed on the local stock market to trade virtual assets, including cryptocurrencies, on a pilot basis in the second half amid a rekin
Mirae Asset Financial Group is preparing to launch a bitcoin covered call exchange traded fund (ETF) for global investors to foray into the cryptocurrency ETF market, its founder and Chairman Park Hyeon-joo said early this month.“Mirae Asset is working strategically to launch a bitcoin c
Bithumb customer center Money is rapidly shifting to cryptocurrency markets in South Korea as lower interest rates and lackluster stock prices reduce the investment appeal of bank term deposits and stocks. According to The Korea Economic Daily’s analysis of Korea’s Financial S
(Courtesy of Getty Images) South Korea’s top financial regulator has proposed loosening restrictions on financial holding companies’ ownership of fintech platforms from the current 5% to 15% in the first such shift since introducing the ownership limit in 2000.The Financial Services
Bithumb's crypto exchange (Courtesy of News1 Korea) The number of South Koreans investing in cryptocurrencies recently broke past 15 million — about 30% of the country’s population — for the first time, reflecting their lofty aspirations for US President-elect Donald J.
South Korean crypto exchange Upbit’s branch in Seoul on Nov. 7, 2024, after Donald Trump won the US presidential election (File photo by News 1) South Korea’s crypto exchanges are enjoying a global boom in virtual currencies, including bitcoin, as US President-elect Donald Trump is
Bithumb Korea's crypto exchange trading screen (Courtesy of Yonhap) Aftershocks continue in the South Korean financial market following the country’s financial regulator’s ban on the trading of spot bitcoin exchange-traded funds (ETFs), which have been approved in the US. “If
South Korean investors’ years-long trading of spot-bitcoin exchange-traded funds (ETFs) listed in Canada and Germany was abruptly suspended due to an ambiguous message from the country’s financial regulator, which has decided to disallow local investors’ trading of the first
Co-founder and CEO of Terraform Labs Do Kwon The fugitive South Korean cryptocurrency mogul Do Kwon, responsible for the more-than-$40 billion crash in the global virtual currency market last year, was arrested in Montenegro and charged with fraud in the US.“Montenegrin police have detain
Binance, the leading cryptocurrency exchange globally, has acquired a majority stake in South Korea's Gopax by purchasing CEO Lee Joon-haeng's 41.2% stake and new shares, according to reports.Gopax announced on Wednesday that Lee has resigned from his position as a registered director but will
Headquarters of WeMade, issuer of WEMIX cryptocurrency, in South KoreaWEMIX, a South Korean cryptocurrency issued by WeMade Co., will be delisted on Thursday after a court ruled in favor of four local crypto exchanges’ decision not to support the trading of the coin, further dampening investor confi
Ripple, ADA, Solana and Dogecoin are among the popular coins in S.Korea, alongside Bitcoin and Ethereum South Korean cryptocurrency investors appear willing to take more risks than their global counterparts, balancing their portfolios between market leader Bitcoin and other virtual currencies,
The hiring frenzy by South Korea's major crypto exchange operators is thanks to the companies' diversification Despite being in crypto winter, or a period in which prices of major cryptocurrencies have slid and stayed low for weeks on end, South Korea's biggest exchange operators are looking to
Digital assets take a hit from the rapid decline of Luna, as seen on the Bithumb exchange in Seoul on Thursday The value of Luna, the cryptocurrency linked to stablecoin TerraUSD, now hovers just above $0. Just a week ago, its market capitalization was around $37.8 billion. TerraUSD, also