Korea

Bank of Korea Wants Banks to Lead Stablecoin Issuance, Eyes Safety

The Bank of Korea aims for commercial banks to issue won-based stablecoins first, before expanding distribution to other sectors. Regulators express concerns about market disruption,...

Parataxis Launches Bitcoin Treasury Platform in South Korea

Parataxis Holdings will launch a Bitcoin treasury platform by acquiring Bridge Biotherapeutics in South Korea. The investment totals $18.5 million for a controlling stake, transforming...

South Korea Revises Stablecoin Bill, Expands Bank of Korea Role

South Korea’s Democratic Party introduced new digital asset legislation to refine stablecoin oversight.The Financial Services Commission keeps main supervision but must now consider the...

South Korea President Pushes Stablecoin Bill, Eyes Crypto Growth

Lee Jae-myung, recently elected President of South Korea, is moving forward with a bill focused on stablecoins. The proposed law would let companies issue stablecoins...

Korea Proposes New Digital Asset Law, Easing Stablecoin Rules

The Democratic Party of Korea has introduced draft legislation to ease digital asset regulations, including stablecoin issuance and crypto exchange operations. The new proposal would...

Korea Emerges as Key Test Ground in Central Bank vs Stablecoin Race

Bank of Korea is actively promoting its central bank digital currency (CBDC) efforts to Korea’s top banks. Korea’s largest banks recently announced a joint private...

S. Korea, EU Pledge Joint Action on N. Korea Crypto Threats

South Korea and the European Union (EU) met in Seoul to discuss international Cybersecurity strategies.The two sides agreed to strengthen cooperation against major cyber...

RedotPay Launches Crypto Payment Cards in South Korea via Visa

RedotPay introduces cryptocurrency payment cards in South Korea, enabling users to make purchases with digital assets at any VISA-accepting merchant.The cards support major cryptocurrencies...

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C&M Hack: $140M Stolen After Employee Sells Bank Credentials

A breach at C&M Software in Brazil led to the theft of $140 million from six banks tied to...

Ondo Finance Acquires Oasis Pro, Gains Key US Regulatory Licenses

Ondo Finance acquires Oasis Pro Markets to expand its regulatory access for tokenized finance in the U.S.The acquisition gives...

Theta Roundup June 2025: Major Updates, Sports & AI Expansion

EdgeCloud launched EdgeCloud Hybrid, enabling a decentralized GPU marketplace for both consumers and businesses. Houston Rockets introduced ClutchBot, an AI-powered...

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