South Korea’s Central Bank Wants to Oversee Stablecoins
The country joins other jurisdictions in proposing standards for stablecoin issuance. Original Source
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Koreas
South Korea’s unique and amazing crypto universe – Cointelegraph Magazine
Maybe it’s the language barrier, or the walls authorities have set up to prevent money from leaving the country. But whatever it is, South Korea has built its own unique corner of the cryptoverse that’s unlike anywhere else
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FTX Fallout Adds Urgency to South Korea’s Push for Crypto Regulations: Report
An official at the Financial Services Commission says that unfair trade needs to be regulated. Source
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How South Korea’s National Assembly Got Stood Up by Crypto Industry Reps at Terra Hearing
The no-shows included Lee Jung-hoon and Kang Jong-hyun, former chairman and current shareholder of crypto exchange Bithumb, respectively, along with Simon Kim, CEO of venture-capital firm Hashed, and Chai CEO Daniel Shin, who co-founded the Luna network, which is built on the Terra blockchain. Source
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North Korea’s Lazarus behind years of crypto hacks in Japan: Police
Japan’s national police have pinned North Korean hacking group, Lazarus, as the organization behind several years of crypto-related cyber attacks. In the public advisory statement sent out on Oct. 14, Japan’s National Police Agency (NPA) and Financial Services Agency (FSA) sent a warning to the country's crypto-asset businesses, asking them to
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South Korea’s Busan city wants to be blockchain central. Did everyone get the memo?
Busan, South Korea’s second-largest city, launched its blockchain initiative four years ago to put out the welcome mat for the growing industry, hoping to attract technology, jobs and investment and shift away from a reliance on seaborne trade and tourism. Problem is, the message didn’t seem to reach the blockchain sector.Busan,
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Bitcoin Sinks Below $23K; South Korea’s Bumpy Crypto Path Forward
"Bitcoin is is range bound at the moment," said Nauman Sheikh, managing director at investment advisors Wave Financial, told CoinDesk TV's First Mover program. "It's hit a $25,000, sort of resistance level. So has Ethereum hit a 2000 resistance level. We're in a mode where the macro environment is supportive
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‘Don’t Say Terra’ and Other Reflections From Korea’s Crypto Extravaganza
Terra, which was founded in South Korea, was one of the most talked about projects in the crypto-verse until it crashed last spring. It was, in many ways, the match that burnt down the entire crypto market – setting off a ripple effect that brought everything, including bitcoin and ether,
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South Korea’s financial watchdog wants to ‘quickly’ review crypto legislation: Report
The chair of South Korea’s Financial Services Commission said the regulator plans to expedite its review of 13 bills pending in the country’s National Assembly related to digital assets.According to a Thursday report from South Korean news outlet Edaily, Financial Services Commission chair Kim Joo-hyun said a task force consisting
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Bitcoin Snaps Its 4-Day Rally Tuesday; Troubles in Cryptoland? Not at Korea’s Muted Mega-Blockchain Week
Ether, the second-largest crypto by market cap behind bitcoin, was recently changing hands at about $1,700, down approximately 4% from the previous day and well off a euphoric, two-month high about $1,800 early Monday. Other major cryptos were well-red on Tuesday with FILE and KSM recently tumbling more than 11%
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