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South Korea’s high exchanges search to stop one other Terra-like crash

South Korea’s high exchanges search to stop one other Terra-like crash

The top five crypto exchanges in South Korea have decided to form a consultative body that will prevent a situation similar to the Terra crash from happening again, according to South Korean news outlet YNA.…

South Korea eyes itemizing guidelines for crypto exchanges after LUNA scandal

South Korea eyes itemizing guidelines for crypto exchanges after LUNA scandal

South Korean lawmakers are calling on the country’s crypto exchanges to formulate guidelines for listing and delisting cryptocurrencies, Bloomberg News reported. The post South Korea eyes listing rules for crypto exchanges after LUNA scandal appeared…

South Korea units $117.1 million finances to kickstart metaverse business

South Korea units $117.1 million finances to kickstart metaverse business

South Korea set a $117.1 million budget to invest in the metaverse and became one of the first governments ever officially to do so. The post South Korea sets $117.1 million budget to kickstart metaverse…

South African central financial institution mulls digital rand to streamline cross-border funds

South African central financial institution mulls digital rand to streamline cross-border funds

The South African Reserve Bank is mulling the issuance of a digital rand, Reuters reported on May 18, citing the central bank’s Deputy Governor Kuben Naidoo. Naidoo said a digital rand could significantly cut the…

South Korean lawmaker suggests summoning Do Kwon to the nationwide meeting

South Korean lawmaker suggests summoning Do Kwon to the nationwide meeting

Yun Chang-hyeon, a lawmaker in South Korea’s ruling party, People’s Power, has suggested summoning Terraform Labs’ founder Do Kwon to a parliamentary hearing. A report unveiled this news today, noting that the legislators plan to…

South Korea’s new president delays crypto taxes in favor of shopper protections

South Korea’s new president delays crypto taxes in favor of shopper protections

South Korea’s newly-elected president Yoon Seok-yeol announced Tuesday he would push to defer taxation on crypto investment gains at least until a new set of regulations called the Digital Asset Basic Act is enacted.South Korea’s…

Op-Ed: South Korea’s new president goals to take crypto to the subsequent degree

Op-Ed: South Korea’s new president goals to take crypto to the subsequent degree

The recent news that the incoming South Korean president is planning to boost the country’s crypto industry is welcome news, particularly in light of the economic power of South Korea not just regionally but also…

South African alternate raises $50M in Africa’s largest funding spherical

South African alternate raises $50M in Africa’s largest funding spherical

South African crypto exchange VALR has raised $50 million in a Series B equity funding round, marking the largest-ever funding for an African crypto exchange.With this latest round of funding, VALR’s valuation has increased to…

KB Bank to Launch South Korea’s First Bitcoin, Crypto Fund

KB Bank to Launch South Korea’s First Bitcoin, Crypto Fund

KB Asset Management launches Digital Asset Management Preparatory Committee to preemptively research digital assets utilizing AI-based investment strategy. Outsourced chief investment officers (OCIOs) will be considered, including Fidelity and Grayscale. Asset management goals are low-correlation…

South Korea explores Metaverse plans, goals to turn into the fifth greatest metaverse market by 2026

South Korea explores Metaverse plans, goals to turn into the fifth greatest metaverse market by 2026

South Korea is eyeing the growing Metaverse expansion and is all set to work towards developing itself as a major game player in the field. The country’s science ministry on Thursday unveiled plans to develop…