$40M Bitcoin Treasury Launch Marks South Korea’s First Institutional Crypto Move
South Korea has officially entered the institutional Bitcoin race with Bitplanet, a rebranded firm formerly known as SGA, unveiling a $40 million BTC treasury. Related Reading: Litecoin’s Blockchain Maturity Is On The Rise – What This Means For LTC’s Price This historic move aligns Bitplanet as the first company in the country to integrate Bitcoin […]
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South Korea’s financial authority has announced it will issue clear and comprehensive guidelines for intuitional crypto investment in the coming months. This move follows the Korean government’s efforts to speed up its regulatory shift toward the digital asset industry. Related Reading: Senator Lummis To Reintroduce The ‘Bitcoin Act’ For 1 Million BTC Purchase South Korea’s […]
South Korea’s financial authority is expected to release the long-awaited regulatory framework next quarter, offering clear guidelines for the issuance and distribution of won-pegged stablecoins. Related Reading: Crypto Clampdown: South Korea’s Jeju City Goes After Suspected Tax Evaders Stablecoin Guidelines By October On Monday, local news media outlets reported that South Korea’s financial regulator, the […]
South Korea’s financial regulator is making strides in its approach to cryptocurrency by allowing certain organizations and corporations to open bank accounts for crypto transactions, according to latest report. This move, which comes as part of the Financial Services Commission’s (FSC) broader effort to align with global standards, marks a significant policy shift that opens […]
This Friday, the first South Korean crypto regulatory framework has gone into effect after the one-year preparation period. The new law requires firms in the country to comply with stricter requirements to protect investors and their assets. Related Reading: $235 Million Crypto Theft from WazirX Was ‘Perpetrated’ By North Korean Hackers, Report Reveals South Korea’s […]
Upbit, one of South Korea’s largest crypto exchanges, reported a major loss after a Solana-network hot wallet was emptied early on November 27, 2025. Related Reading: Stablecoins Push Forward With US Bank Testing Payments On Stellar According to reports, about 54 billion Korean won — roughly $36–37 million — was taken in what the company […]