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Stablecoins become South Korea’s new national endeavor: Why and what’s at risk?

Stablecoins become South Korea’s new national endeavor: Why and what’s at risk?

In line with the fast-advancing stablecoin legislation in the U.S., South Korea has taken on the currency-pegged crypto as its newest economic priority.The country's recently elected President Lee Jae Myung has vowed to approve the currently banned issuance of Korean won-pegged stablecoins and promo…

South Korea elects pro-crypto Lee as new president; crypto ETFs and KRW stablecoins on horizon

South Korea elects pro-crypto Lee as new president; crypto ETFs and KRW stablecoins on horizon

South Korea officially named left-wing party candidate Lee Jae-myung as its new president on Wednesday, after former leader Yoon Suk-yeol's failed military rule and subsequent backlash led to his impeachment after three years as president.On Tuesday, the country saw a voter turnout of 79.4%, the hig…

South Korea elects pro-crypto candidate Lee Jae-myung as president

South Korea elects pro-crypto candidate Lee Jae-myung as president

South Korea’s opposition leader Lee Jae-myung has been sworn in as president following a decisive snap election victory, after campaigning on a platform that included a range of pro-crypto policies.Lee claimed victory in the June 3 election held six months after the country’s previous leader, Yoon S…

South Korea elects pro-crypto Lee as new president; crypto ETFs and KRW stablecoins on horizon

South Korea elects pro-crypto Lee as new president; crypto ETFs and KRW stablecoins on horizon

South Korea officially named left-wing party candidate Lee Jae-myung as its new president on Wednesday, after former leader Yoon Suk-yeol's failed military rule and subsequent backlash led to his impeachment after three years as president.On Tuesday, the country saw a voter turnout of 79.4%, the hig…

South Korean presidential front-runner proposes won-based stablecoin

South Korean presidential front-runner proposes won-based stablecoin

South Korea’s Democratic Party leader Lee Jae-myung proposed creating a stablecoin tied to the Korean won to prevent capital outflows and strengthen national financial sovereignty.Speaking during a recent policy discussion, Lee argued that a won-based stablecoin would allow South Korea to retain wea…

Spot crypto ETFs gain bipartisan support in South Korea’s upcoming presidential election

Spot crypto ETFs gain bipartisan support in South Korea’s upcoming presidential election

Kim Moon-soo, the presidential candidate from South Korea's main right-wing party, officially announced Monday that he would support the local adoption of spot cryptocurrency exchange-traded funds as part of his election pledges.According to South Korea's National Election Commission, Kim of the Peo…

Galxe Partners With MiL.k

Galxe Partners With MiL.k

Galxe has entered into a strategic partnership with MiL.k, a leading blockchain-based loyalty platform in Korea. The partnership aims to integrate 1.5 million users into the Galxe ecosystem, thereby promoting the global adoption of web3.GAL InfoGalxe is the leading Web3 credential data network in th…

Bitcoin Recovery in Motion? Analyst Tracks Key Divergence Between US and Asia Market

Bitcoin Recovery in Motion? Analyst Tracks Key Divergence Between US and Asia Market

Bitcoin appears to be entering a period of consolidation following a brief burst of upward momentum earlier this week. After reaching nearly $86,000, the cryptocurrency has retraced slightly and is trading around $84,650 at the time of writing.Despite the pullback, analysts continue to monitor on-ch…

North Korean crypto attacks rising in sophistication, actors — Paradigm

North Korean crypto attacks rising in sophistication, actors — Paradigm

North Korean cyberwarfare attacks on the cryptocurrency industry are growing in sophistication and in the number of groups involved in such criminal activity, crypto firm Paradigm warns in report titled “Demystifying the North Korean Threat.”North Korea-originated cyberattacks range from assaults on…

KODA Integrates with Bitcoin Staking Chain Core, Paving the Way for Increased Institutional Adoption in Korea

KODA Integrates with Bitcoin Staking Chain Core, Paving the Way for Increased Institutional Adoption in Korea

Seoul, South Korea, March 21, 2025 (GLOBE NEWSWIRE) — KODA, the largest custody provider in South Korea, has integrated Core - Bitcoin’s first Proof of Stake (PoS) layer and the largest Bitcoin DeFi ecosystem, making it the first Bitcoin scaling blockchain KODA supports. This development underscor…

Bithumb Signs Sponsorship with FC Seoul as South Korean Firm Turns to Ripple Custody

Bithumb Signs Sponsorship with FC Seoul as South Korean Firm Turns to Ripple Custody

Bithumb has signed a sponsorship deal with FC Seoul for the 2025 season, the cryptocurrency exchange announced today (Friday). The partnership is part of Bithumb’s outreach efforts to offer customers unique experiences.The sponsorship follows a separate development where South Korea's institutional …

Alchemy Pay acquires Korea Electronic Financial Business registration

Alchemy Pay acquires Korea Electronic Financial Business registration

Cryptocurrency payment provider Alchemy Pay has acquired an Electronic Financial Business registration in South Korea after investing in a local e-finance platform, allowing the company to offer a wider range of financial services in the country. According to a Feb. 5 announcement, Alchemy Pay inves…