Bookmarking Crypto Insights
Auto Added by WPeMatico
South Korea’s top court has drafted a civil execution amendment establishing explicit legal procedures to freeze, seize, and liquidate virtual assets like bitcoin during civil litigation. New Rules on Asset Seizure South Korea’s Supreme Court has announced a sweeping update to its civil enforcement regulations, establishing clear legal procedures for seizing, freezing and liquidating … Read more
South Korea’s Kiwoom Securities is reportedly in early negotiations to buy a stake in Bithumb through a private placement of new shares, adding a major brokerage to the list of traditional financial (TradFi) firms moving into domestic crypto infrastructure. Chosunbiz first reported the discussions on Monday. Under the proposed structure, Bithumb would issue fresh shares … Read more
Mike McCluskey argues that bitcoin’s slide is due to its high-beta relationship with tech equities rather than broken crypto-native fundamentals. The Seoul-to-Nasdaq Contagion On Tuesday, June 23, the South Korean index, Kospi, plunged by more than 8%, triggering a Level 1 circuit breaker. The sharp drop was attributed to a severe global semiconductor stock correction, … Read more
The fine comes after an investigation concluded that Bithumb shared information with many overseas exchanges in violation of laws intended to protect user data. Go to Source
South Korea’s Financial Services Commission has placed token securities infrastructure within a wider capital-market modernization plan covering faster settlement, longer trading hours and digital transformation. Go to Source
Chainlink, a coalition of Korean commercial banks, and a 37-member European bank consortium announced Project Pangea on June 23, a working group focused on replacing the global foreign exchange market’s existing T+2 settlement cycle with real-time, stablecoin-based T+0 settlement. What Project Pangea Is The initiative brings together three primary partners: Fairsquarelab, described as a first-mover … Read more
Chainlink, a coalition of Korean commercial banks, and a 37-member European bank consortium announced Project Pangea on June 23, a working group focused on replacing the global foreign exchange market’s existing T+2 settlement cycle with real-time, stablecoin-based T+0 settlement. What Project Pangea Is The initiative brings together three primary partners: Fairsquarelab, described as a first-mover … Read more
Banks across Europe and South Korea will study whether regulated euro and won stablecoins can enable real-time cross-border foreign exchange settlement. Go to Source
South Korea’s Toss Bank has signed a memorandum of understanding with the Solana Foundation to test blockchain-based remittance and settlement infrastructure. A First for a Korean Internet Bank Toss Bank, South Korea’s third-largest internet-only bank, said it signed the agreement in Seoul on June 19 and called it the “first direct strategic cooperation agreement between … Read more
South Korea’s FIU is calling for broader crypto transfer reporting rules during FATF talks, citing offshore risks and uneven global AML enforcement. Go to Source