Latest News and Articles about South Korea Crypto
Hana Bank Invests $670M in Dunamu, Expanding South Korea’s Crypto Banking Push
South Korea’s biggest banks are no longer treating crypto like a weird side-hustle. Hana Bank has just approved a massive 1 trillion won investment — roughly $670 million — for a 6.55% stake in Dunamu, the company behind Upbit, the country’s dominant crypto exchange. Hana Bank approved a 6.55% stake in Dunamu The deal is […]
Read MoreUS Senate Advances CLARITY Act as Korea Crypto Market Exposes Transparency Gaps
US Senate Advances CLARITY Act as Korea Crypto Market Faces Transparency Gaps The U.S. Senate is moving toward a clearer crypto rulebook while South Korea’s massive retail market is exposing what happens when trading volume outruns transparency, accountability, and common sense. CLARITY Act advances: Senate Banking Committee vote of 15–9 U.S. shift: clearer rules for […]
Read MoreSouth Korea’s Xcoin Exchange: A Pioneer in the Early Bitcoin Boom
South Korea’s Xcoin Exchange: Rising from the Early Bitcoin Boom South Korea might not have been the epicenter of the Bitcoin frenzy in the early 2010s, but one entrepreneur, Kim Dae-sik, had the foresight to bet big on his homeland’s potential in the crypto game. With Bitcoin exploding globally, Kim launched Xcoin in January 2014, […]
Read MoreSouth Korea Crypto Chaos: Upbit’s Legal Win and Bithumb’s $40B Bitcoin Blunder
South Korean Crypto Showdown: Upbit’s Legal Victory and Bithumb’s Billion-Dollar Blunder South Korea remains a hotbed of cryptocurrency drama as two seismic events unfold, spotlighting both the regulatory tightrope and operational vulnerabilities of major exchanges. Upbit, the nation’s top crypto platform, has clinched a crucial court win against punitive sanctions, while rival Bithumb reels from […]
Read MoreSouth Korea Crypto Crisis: Lawmaker Scandal and Ownership Caps Threaten Market Giants
South Korea Crypto Scandal: Lawmaker Favoritism and Regulatory Overreach Shake Exchanges South Korean authorities have dragged the nation’s cryptocurrency sector into a storm of controversy, with allegations of political favoritism by independent lawmaker Kim Byung-kee colliding with a heavy-handed proposal by the Financial Services Commission (FSC) to cap ownership stakes in crypto exchanges at 15%-20%. […]
Read MoreMirae Asset Eyes Korbit in $100M Deal to Enter South Korea’s Crypto Market
Mirae Asset Group Targets Korbit in $100 Million Deal Amid South Korea’s Cryptocurrency Shake-Up South Korea’s cryptocurrency market is heating up as Mirae Asset Group, a heavyweight in the financial sector, is reportedly in advanced talks to acquire Korbit, one of the nation’s oldest crypto exchanges, for a cool $100 million. This potential deal, spotlighted […]
Read MoreUpbit Dominates 72% of South Korea’s Crypto Market, Threatening Decentralization
Upbit’s Iron Grip: 72% Market Share Threatens South Korea’s Crypto Diversity South Korea, a powerhouse in the global cryptocurrency arena, is witnessing a troubling trend as Upbit, the nation’s leading exchange, has clinched a staggering 71.6% of domestic trading volume in the first half of 2025. With smaller platforms gasping for air and monopoly fears […]
Read More