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