South Korea

South Korea considers blocking crypto exchanges operating without licenses

South Korea's Financial Intelligence Unit (FIU) is investigating crypto exchanges allegedly operating without proper registration as virtual asset service providers (VASPs).Authorities are considering blocking...

South Korea’s Central Bank Takes ‘Cautious Approach’ to Bitcoin Reserve Possibility

South Korea's central bank has ruled out Bitcoin as a foreign exchange reserve asset, citing high volatility and potential transaction costs during market instability.Casa's...

South Korea to Allow Corporate Crypto Trading in Phased Rollout, Financial Firms Still Restricted

South Korea will allow corporates to trade cryptocurrencies in a phased approach starting with non-profits and universities in H1 2024. Listed companies must have minimum...

South Korea’s Sogang University AI Lab Adopts Theta EdgeCloud for Advanced Language Research

Sogang University's Language & Data Intelligence Laboratory becomes EdgeCloud's twentieth academic and enterprise customer. The partnership expands Theta's academic network in South Korea, joining institutions...

South Korea’s Martial Law Halts Crypto Reforms, STO Plans Pushed to 2025

South Korea's martial law declaration halts crypto sector reforms until political crisis resolves. Securities token offerings and corporate crypto accounts implementation delayed indefinitely. Crypto taxation postponed...

The AI Lab Partners with Theta EdgeCloud to Power AI Education in South Korea

The AI Lab, a South Korean e-learning provider, signs multi-year agreement to use Theta EdgeCloud's GPU resources Partnership targets $500 billion e-learning market, following recent...

South Korea postpones high tax on crypto until 2025

It's a good thing South Korea has a president who is "pro crypto". The country's crypto owners would soon have to pay a 20%...

South Korean Powerhouse Samsung Releases Bitcoin Support to Keystore

South Korean tech powerhouse, Samsung, has released the organization’s new blockchain KeystoreSDK for engineers and it will bolster Bitcoin (BTC).Samsung reported  that it would...

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Bank of Korea Renames Digital Currency Unit, Eyes Stablecoin Bills

The Bank of Korea renamed its Digital Currency Research Lab and established a new Virtual Asset Committee to handle...

Kraken Seeks $15B Valuation, Benchmarking Binance Above $100B

Kraken is raising $500 million at a $15 billion valuation in advance of a planned 2026 IPO. This valuation applies...

Trump’s Crypto Group Urges Immediate Federal Clarity on Trading Rules

The White House’s crypto working group has called for federal regulators to clarify digital asset trading rules.Recent policy proposals...

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