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South Korea

South Korea CBDC pilot launching in 2024 with over 100,000 participants
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30 November, 2023

South Korea CBDC pilot launching in 2024 with over 100,000 participants

The Bank of Korea will begin its retail CBDC pilot in 2024, testing use cases like payments for government grants...
Terraform Labs founder Do Kwon to be extradited by Montenegro
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28 November, 2023

Terraform Labs founder Do Kwon to be extradited by Montenegro

Following the approval, it is now up to Montenegro’s Minister of Justice to decide which country gets the first crack...
BIS urges central banks to move fast on CBDC as Visa stablecoin threat looms
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27 November, 2023

BIS urges central banks to move fast on CBDC as Visa stablecoin threat looms

The Bank for International Settlements general manager and the governor of South Korea’s central bank talked about the need for...
Hana Securities inks new partnerships for security token platform launch in 2024
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23 November, 2023

Hana Securities inks new partnerships for security token platform launch in 2024

South Korea's Hana Securities is planning a 2024 STO platform launch with Itcen and INF Consulting, aiming for comprehensive management...
Bithumb ex-chair could face up to 8 years in prison in South Korea
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23 November, 2023

Bithumb ex-chair could face up to 8 years in prison in South Korea

Lee Jeong-hoon was acquitted of his fraud charges earlier this year, but prosecutors have appealed and want him jailed for...
South Korea’s largest political party demands candidates declare their digital asset holdings
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19 November, 2023

South Korea’s largest political party demands candidates declare their digital asset holdings

The Democratic Party of South Korea says that holding digital assets isn’t illegal, but lying about it will lead to...
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