South Korea

Bank of Korea teams up with BIS, local institutions for wholesale CBDC experiment
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9 October, 2023

Bank of Korea teams up with BIS, local institutions for wholesale CBDC experiment

The Bank of Korea is looking to develop a new monetary system that focuses on the use of a wholesale...
Busan digital asset exchange plans to include IP tokenization
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26 September, 2023

Busan digital asset exchange plans to include IP tokenization

Busan’s digital exchange—launching in 2024—will not list digital currencies, but will allow users to trade tokenized commodities.
South Koreans hold $100M in overseas digital assets amid tax rule review
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24 September, 2023

South Koreans hold $100M in overseas digital assets amid tax rule review

South Korea may revamp its tax system to tackle unreported overseas earnings in digital assets, while Indonesia plans to tax...
South Korea strengthens digital currency OTC transactions oversight to combat crime
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23 September, 2023

South Korea strengthens digital currency OTC transactions oversight to combat crime

South Korean regulators target OTC digital currency transactions due to rising criminal activity, discussing regulation in a session on 'Criminal...
South Korea seeks to track, freeze North Korean digital assets with revised bill
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6 September, 2023

South Korea seeks to track, freeze North Korean digital assets with revised bill

The bill aims to cut the funding of Pyongyang's weapons programs through digital assets following the consultations of South Korean...
Digital currency exchanges in South Korea must have $2.3M in reserves starting September
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30 August, 2023

Digital currency exchanges in South Korea must have $2.3M in reserves starting September

New South Korean exchange rules: $2.3M reserves, KYC focus, and compliance rush before September deadline.
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