In brief
Select stablecoin ATMs with USDT to cash conversion are now live at tourist and retail sites across South Korea.
Access remains limited to foreign passport holders under regulatory sandbox rules.
The…
Won-pegged stablecoin launch efforts are actually picking up steam right now as the Bank of Korea establishes a dedicated team to boost oversight of digital currency development. The Bank of…
South Korea’s central bank will reportedly launch a virtual asset committee to monitor the crypto market and has refocused and renamed its central bank digital currency (CBDC) team to actively…
South Korea’s Financial Supervisory Service (FSS) has advised local asset managers to avoid excessive exposure to crypto firms.According to a Wednesday report by The Korea Herald, the FSS verbally instructed…
South Korea’s Ministry of SMEs and Startups announced Wednesday that it plans to lift restrictions preventing crypto-related businesses from qualifying as venture companies. Currently, firms operating in the “virtual…
The US Treasury has sanctioned two people and four entities involved in what it says was a North Korea-run IT worker ring that would infiltrate crypto companies, aiming to exploit…
US President Donald Trump has announced 25% tariffs on Japan and South Korea, two of America’s key trading partners. This decision was communicated through letters posted on Truth Social, addressed…
Reason to trust
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The Bank of Korea (BOK) suspended its central bank digital currency project, Singaporean financial newspaper Business Times reported on Monday. The project had reached the stage of developing a pilot…
South Korea CBDC pause represents a major shift as the Bank of Korea suspends its digital currency pilot to focus on won-backed stablecoin launch. This CBDC pilot suspension comes amid…