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The Bank of Korea has launched Phase 2 of its Project Hangang central bank digital currency pilot, expanding real-world testing of the digital won with broader banking participation and new programmable payment features. Korea Explores CBDC- Stablecoin Hybrid Model in Project Hangang Expansion The March 18 announcement marks a renewed push by the Bank of … Read more
South Korea’s Hana Financial Group has signed a strategic partnership with Standard Chartered Group to collaborate on global banking operations and emerging digital asset businesses, including stablecoins. Hana Financial–Standard Chartered MOU Targets Stablecoins, Custody and Global Markets According to the Korea Herald and several other local reports, the memorandum of understanding (MOU) was signed March … Read more
South Korean regulators have imposed a roughly $25 million fine and a six-month partial business suspension on crypto exchange Bithumb after finding millions of anti-money-laundering and identity-verification violations. Bithumb Sanctioned by South Korean FIU Over Identity Verification Failures Reports note that South Korea’s Financial Intelligence Unit (FIU), operating under the Financial Services Commission, finalized sanctions … Read more
With bitcoin trading between $65,962 and $73,669 this week, market data shows South Korea posted its deepest discount to global prices since December 2024. Rare Bitcoin Discount Hits South Korea — Only Three Such Events Since 2022 Bitcoin is trading at a discount in South Korea, as metrics collected at 7 p.m. EST Tuesday show … Read more
South Korea’s Kospi index plummeted over 12% on March 4, triggering emergency circuit breakers as Middle East tensions and artificial intelligence (AI) growth concerns sparked a historic sell-off. Circuit Breaker Activated South Korea’s stock market endured one of its worst trading days in decades on March 4 as the benchmark Kospi index plunged more than … Read more
South Korea’s National Tax Service (NTS) accidentally published a cryptocurrency wallet’s recovery phrase in a Feb. 26 press release, enabling the temporary transfer of roughly $4.8 million in seized tokens before the assets were returned hours later. NTS Press Release Leak Leads to $4.8M Token Transfer in Seoul South Korea’s NTS disclosed a cryptocurrency wallet’s … Read more
Blockchain infrastructure company Kresus secured about $13 million from South Korea’s Hanwha Investment and Securities to expand enterprise digital wallets, real‑world asset tokenization and onchain financial workflows. Strategic Investment Kresus, a blockchain infrastructure company, has secured approximately $13 million (18 billion KRW) from South Korean firm Hanwha Investment & Securities. The deal builds on a … Read more
South Korean authorities have confirmed that 22 bitcoin, worth about $1.5 million, vanished from a cold wallet held by the Seoul Gangnam Police Station in a 2021 financial crime case. Another Crypto Custody Failure Hits South Korean Authorities According to local reporting, the bitcoin had been voluntarily surrendered in November 2021 during a virtual asset … Read more
South Korea’s Financial Supervisory Service launches a formal inspection of Bithumb over a $44 billion bitcoin overpayment accident and possible custody and control failures. The Financial Supervisory Service (FSS) escalates a field review to a formal inspection of Bithumb in Seoul in early February 2026, adding personnel to probe how roughly 620,000 bitcoins were paid … Read more
South Korea’s Financial Supervisory Service announced a planned targeted investigation into high‑risk crypto market manipulation tactics — including large “ whale” trades, exchange withdrawal halts used to rig prices, API‑based manipulation, and coordinated social‑media misinformation. The regulator also said it will develop artificial intelligence (AI) analytics to detect suspicious rapid price spikes and suspect groups, … Read more