Korea’s FSC Reviewing Hana Bank’s $668M Bid for 6.55% Stake in Upbit Operator Dunamu
TL;DR: South Korea’s FSC is reviewing Hana Bank’s $668 million purchase of a 6.55% stake in Dunamu, the operator of Upbit exchange. The regulator is analyzing
south korea (Latest Publications)
South Korea Sets July Rules for Tokenized Securities
TL;DR: South Korea’s FSC plans to release detailed tokenized securities rules in July before blockchain-based securities enter the capital markets framework in 2027. The package may
Hana Financial Moves to Acquire 6.55% Stake in Upbit Operator Dunamu for $668M
TL;DR: Hana Financial will acquire a 6.55% stake in Dunamu, operator of the Upbit exchange, for $668 million, becoming its fourth-largest shareholder. The purchase involves the
Bithumb Issues Warning as AI-Driven Scams Drain Millions in Crypto
TL;DR: Stolen amount: A case recorded in Hong Kong using AI video conferences resulted in the theft of approximately 40 billion won ($29 million). Fraud typology:
KRWQ Launches on Solana Aiming to Anchor Korean Won Liquidity
TL;DR: KRWQ, the stablecoin pegged to the South Korean won, expands to Solana to strengthen onchain liquidity in KRW. The stablecoin aims to unify around $40
Bitcoin Over Samsung? Analysts Predict a Massive Shift in Korean Capital
TL;DR: Jeff Park, Bitwise advisor, predicts Bitcoin will receive a wave of capital as Korean investors rotate out of tech stocks. South Korean retail investors hold
South Korea’s Income Tax Division Confirms Crypto Taxation Will Begin in 2027
The Ministry of Finance of South Korea publicly confirmed for the first time that the 22% tax on cryptocurrency gains will take effect as scheduled in January 2027.
Crypto Firms Push Back on Mandatory Reporting for Overseas Transactions
TL;DR: South Korea’s crypto industry is opposing AML changes that would make overseas-linked transfers of 10 million won, about $6,800, automatically suspicious. DAXA says reports from
South Korean Prosecutors Seek 20‑Year Prison Term for Delio CEO Jeong Sang‑ho
TL;DR: South Korean prosecutors requested a 20-year prison sentence for Delio’s CEO over the embezzlement of 250 billion won in crypto assets. The case involves around
Kbank Partners With Ripple to Pilot Blockchain-Based Overseas Remittances in South Korea
TL;DR Kbank and Ripple signed a strategic partnership to test blockchain-based overseas remittances, with phased verification already covering app structures, account links, and stability testing. The
Ads
Follow us on Social Networks
Crypto Tutorials
Crypto Reviews
