South Korea

South Korea ‘metaverse’ province eyes expansion in Vietnam
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23 December, 2022

South Korea ‘metaverse’ province eyes expansion in Vietnam

In a meeting at the Korea-Vietnam Economic Forum, Gyeongbuk Governor Lee Cheol-woo unveiled the province’s ambitious plans to use the...
South Korean regulators mull over new listing procedure following WEMIX’s delisting
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15 December, 2022

South Korean regulators mull over new listing procedure following WEMIX’s delisting

Both the Financial Services Commission (FSC) and the Financial Intelligence Unit (FIU) are pushing for the listing of new tokens...
Terraform Labs co-founder Do Kwon reportedly hiding out in Serbia, authorities say
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14 December, 2022

Terraform Labs co-founder Do Kwon reportedly hiding out in Serbia, authorities say

It remains unclear why Kwon chose Serbia, but South Korean authorities are not ruling out the possibility that the embattled...
WEMIX loses delisting battle in court against South Korean exchanges but promises to continue the fight
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14 December, 2022

WEMIX loses delisting battle in court against South Korean exchanges but promises to continue the fight

Wemade insists it will not back down after a South Korean court sided with DAXA in delisting WEMIX from exchanges...
South Korea central bank pushes for stablecoin regulation
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11 December, 2022

South Korea central bank pushes for stablecoin regulation

Bank of Korea stated that stablecoins pegged to foreign currencies have to comply with the foreign exchange laws of South...
Hong Kong central bank governor optimistic on virtual currency; South Korean counterpart fazed by FTX implosion
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9 December, 2022

Hong Kong central bank governor optimistic on virtual currency; South Korean counterpart fazed by FTX implosion

Eddie Yue of the HKMA says reducing risks associated with digital assets can be achieved by regulating off-chain activities, while...
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