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South Korea – Page 8 – DIGIT INFO

South Korea

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South Korea Reports Surge in Suspicious Crypto Transactions Amid Growing Investor Base

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South Korea has experienced a surge in illegal virtual asset remittances, including money laundering and foreign exchange manipulation. Between January and August 2025, virtual asset operators filed 36,684 suspicious transaction reports. Illegal Crypto Remittances Skyrocket in South Korea South Korea is seeing a sharp increase in illegal virtual asset remittances, including cases of money laundering … Read more

BDACS Launches Won-Backed Stablecoin, After PoC With Woori Bank

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BDACS announced the launch of KRW1, a South Korean won-backed stablecoin, following a proof of concept that validated its technical design. BDACS Targets Payments and Public Disbursements With KRW1 Stablecoin KRW1 is trademarked by BDACS and issued on the Avalanche (AVAX) blockchain. The company said its system links fiat deposits, token issuance, and onchain verification … Read more

Korean Court Sentences Accomplices in V Global Crypto Fraud to Suspended Prison Terms

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A South Korean court has given suspended prison sentences to three individuals involved in the V Global cryptocurrency fraud. Suspended Jail Sentences for Accomplices in V Global Scam A South Korean court has sentenced three individuals linked to the fake cryptocurrency exchange V Global—accused of defrauding approximately 50,000 victims out of $1.44 billion—to suspended prison … Read more

South Korean Exchanges Show BTC Is Cheaper Than Global Index This Weekend

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Based on market trackers, bitcoin’s price action in South Korea has been a seesaw ride when stacked against BTC’s weighted global exchange rate across multiple venues. Over the weekend, prices on local hubs like Upbit and Bithumb currently carry a slight markdown. Bitcoin in Seoul Dips Below Global Average; Coinbase Holds a Modest Premium At … Read more

Factblock CEO: Crypto Culture and Cutting-Edge Tech Make Korea a Web3 Testbed

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South Korea is emerging as a global leader in technologies like blockchain and artificial intelligence, driven by a cultural openness to innovation and a robust digital infrastructure. Regulatory support plays a crucial role in this landscape, exemplified by the Virtual Asset User Protection Act, which aims to encourage innovation while ensuring user safety. Korea’s Web3 … Read more

While Bitcoin Tops $122K, South Korea’s Price Gap Widens Again

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With bitcoin reaching an intraday peak of $122,208 on Wednesday, prices in South Korea remain lower than global market rates. Down Over $1,200—Bitcoin Price Diverges as South Korea’s Market On July’s final day, bitcoin’s price in South Korea finally lined up perfectly with the global exchange rate, ending a discount streak that had lingered since … Read more

Parataxis Holdings to Go Public With Plans to Raise $640M for Bitcoin Treasury Strategy

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Institutional digital asset management platform Parataxis Holdings has struck a business combination deal with a publicly listed special purpose acquisition company (SPAC) called Silverbox (NYSE: SBXD) to create a new entity, also named Parataxis. The new firm aims to raise up to $640 million to establish a bitcoin ( BTC) treasury once the deal is … Read more

XRP Ramps up in Korea as BDACS Taps Into Top Regulated Exchanges

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XRP strengthens its foothold in South Korea as BDACS enables institutional custody and compliant exchange access, accelerating adoption amid rising demand for regulated crypto infrastructure. XRP Lights up Korea’s Crypto Scene as BDACS Bridges Institutions and Regulations Ripple shared on social media platform X on Aug. 5 that digital asset custody firm BDACS has added … Read more

Bitcoin’s South Korean Price Gap Tightens to a Sliver After Weeks of Discount

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Nine days ago, bitcoin was selling at its steepest discount of the year in South Korea. While the discount hasn’t disappeared, the price gap has been shrinking ever since. Korean Bitcoin Market Seems to Be Recovering From Deepest Discount of the Year Bitcoin (BTC) usually fetches a premium in South Korea, but that trend flipped … Read more

South Korean Regulator Urges ETF Managers to Scale Back Exposure to Crypto-Related Companies

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A South Korean financial regulator has issued verbal guidance to domestic asset management companies, advising them to limit the proportion of cryptocurrency-related stocks in their exchange-traded funds. Rising ‘Coin Theme’ Stock Inclusions Spur Caution South Korea’s Financial Supervisory Service (FSS) has reportedly issued verbal guidance to domestic asset management companies, urging them to limit the … Read more

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