Daily Crypto News & Musings

Latest News and Articles about South Korea Regulation

MoonPay Korea and Woori Bank Eye Regulated Korean Won Stablecoin for Payments

MoonPay Korea and Woori Bank are exploring a Korean won stablecoin built for payments, remittances, and settlement — a pretty sensible idea in a sector that has spent years pretending every token needs to moon before it can do anything useful. MoonPay Korea + Woori Bank: first banking partner in a KRW stablecoin consortium Payments-first […]

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Bank of Korea Slams Non-Bank KRW Stablecoins, Warns of Financial Chaos

Bank of Korea Warns of Non-Bank KRW Stablecoin Risks, Fears Financial Chaos South Korea’s central bank has dropped a bombshell on the buzzing stablecoin scene, with Bank of Korea (BOK) Governor Lee Chang-yong sounding a loud alarm over non-bank entities issuing Korean Won (KRW)-pegged stablecoins. Speaking at a recent press conference, Lee didn’t hold back, […]

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