Upbit Sees Explosive 273% Volume Spike Fueled by Bitcoin’s Rally
TL;DR Upbit, South Korea’s largest exchange, recorded a 273% surge in its 24-hour trading volume. Daily volume reached $1.84 billion, the highest level since mid-March, driven
south korea (Latest Publications)
South Korea Moves to Strengthen FIU Authority Over Unregistered Crypto Companies
TL;DR Legislative push: Lawmakers introduced a bill to expand FIU Authority and let the agency directly investigate unregistered crypto operators. Enforcement gaps: Police suspended most probes
BitGo Korea Receives VASP Approval, Strengthening Its Institutional Digital Asset Custody Offering
TL;DR BitGo obtained a VASP license in South Korea, becoming the first international crypto company to do so. The platform’s local entity was built from scratch
South Korea Moves to Block Polymarket, Joining 30+ Jurisdictions Restricting Access
TL;DR Polymarket was blocked in South Korea following a resolution by the Korea Communications Standards Commission. Authorities rejected the platform’s argument about its P2P nature and
Upbit and Bithumb Report Sharp Revenue and Profit Drops in H1 2026
TL;DR Market downturn: Upbit and Bithumb saw steep declines in revenue and profit as crypto trading activity weakened and major assets like Bitcoin and Ethereum fell
Jeonbuk Bank Partners With Ripple to Power Cross‑Border Payments in South Korea
TL;DR Partnership launch: Jeonbuk Bank is adopting Ripple Payments to deliver faster cross‑border transfers for business clients. Real‑time settlement: Ripple said the system enables 24/7 settlement
DigitalX Moves to Raise $35.3M After Korbit Acquisition
TL;DR: DigitalX, operator of the Korbit exchange, approved a capital increase of around 50 billion won ($35.3M) through the issuance of new shares. All new shares
South Korea Sentences Delio CEO to 15 Years for Crypto Fraud
A South Korean court sentenced Delio CEO Jeong to 15 years in prison on August 13 after finding him guilty of fraud and related offenses involving
South Korea Expands Travel Rule to All VASP Transfers Nationwide
South Korea’s Financial Services Commission said that the Cabinet approved amendments eliminating the ₩1 million threshold for the crypto Travel Rule. Once effective, registered virtual-asset service
South Korea Opposition Pushes to Delay 22% Crypto Tax Until 2030
TL;DR South Korea’s opposition is seeking to delay the 22% crypto tax until 2030, arguing that authorities need more time to build a fair taxation system.
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