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A recent report by Despread Research reveals that 70% of South Korean crypto investors made a profit in 2024, with BTC, XRP, and ETH being the most popular holdings. Optimism remains high for 2025, with many expecting bitcoin to surpass $100,000 (150 million KRW). Bitcoin Leads South Korean Investor Portfolios as Optimism Grows for 2025 … Read more
A new study on South Korea reveals a significant surge in domestic cryptocurrency ownership, with over 9.6 million investors by the end of last year. Older South Koreans Increasingly Keen on Crypto A recent study highlighting data from South Korea reveals a significant surge in domestic cryptocurrency ownership, with the number of investors exceeding 9.6 … Read more
South Korean financial authorities are cracking down on unregistered overseas cryptocurrency exchanges targeting Korean users. Enforcing the Specific Financial Information Act South Korean financial authorities are escalating their efforts to regulate the domestic cryptocurrency market by targeting overseas virtual asset exchanges that operate without proper registration. According to a local report, the Financial Intelligence Unit … Read more
The Bank of Korea has stated it has not considered adding bitcoin ( BTC) to its foreign exchange reserves, emphasizing the need for extreme caution on this matter. Volatility: Crypto’s Achilles Heel The South Korean central bank has stated that it has not explored adding bitcoin ( BTC) to the country’s foreign exchange reserves. Responding … Read more
South Korea’s CBDC pilot will involve seven major banks issuing deposit tokens, enabling 100,000 participants to make digital payments at top retailers like 7-Eleven, Hyundai Home Shopping, and Kyobo Bookstore. South Korea’s CBDC Pilot to Test Deposit Tokens in Real-World Transactions South Korea’s central bank, the Bank of Korea (BOK), is gearing up to launch … Read more
South Korea’s central bank has ruled out adding bitcoin to its foreign exchange reserves, citing extreme price volatility and failure to meet liquidity and investment-grade standards. This stance follows U.S. President Donald Trump’s March 6 executive order promoting bitcoin stockpiling. The Bank of Korea, responding to a query from Rep. Cha Gyu-geun, emphasized that reserves … Read more
South Korea is shifting its stance on crypto, moving towards a more open approach by lifting its ban on institutional crypto trading.The Financial Services Commission (FSC) will release crypto investment guidelines, with staggered timelines for different participants. This move aims to develop the crypto market while ensuring user protection. The guidelines will include best practices … Read more
As the sun rises on Sunday, March 2, 2025, bitcoin lingered beneath the $90,000 threshold at $85,803 globally, yet South Korea’s markets defied the trend, with BTC commanding a 2.18% premium to reach $87,673—a resilient divergence in an otherwise tempestuous climate. Three Months, One Trend: South Korea’s Bitcoin Valuation Outpaces Global Markets Bitcoin has navigated … Read more
South Korea is preparing for a surge in institutional cryptocurrency adoption, with Ripple expanding its footprint through a partnership with BDACS. “South Korea is gearing up for a wave of institutional crypto adoption,” said Monica Long, Ripple’s president, emphasizing the growing need for secure, enterprise-grade custody solutions. BDACS will implement Ripple Custody to provide a … Read more
BDACS, South Korea’s first regulated custodian for institutional digital assets, unveiled a strategic alliance with blockchain firm Ripple on Feb. 26, 2025, designed to broaden safeguarded custody offerings for XRP, RLUSD, and related cryptocurrencies. Ripple, BDACS Forge Strategic Alliance According to Ripple’s announcement, the partnership mirrors the nation’s methodical regulatory blueprint for institutional digital asset … Read more
