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Korea

KuCoin, BitMart, and MEXC blocked in South Korea as regulators target web access

KuCoin, BitMart, and MEXC blocked in South Korea as regulators target web access

9 hours ago by Crypto InsightsCrypto

“User assets remain safe and secure, and we will communicate any further updates through our official channels.” BitMart, Phemex and MEXC did not immediately respond to a CoinDesk request for comment. South Korea’s proposed Digital Asset Basic Law, yet to come into force, would set… Read More

South Korea Crypto Trading Slumps as Exchange Profits Fall 78%

South Korea Crypto Trading Slumps as Exchange Profits Fall 78%

2 weeks ago by Crypto InsightsCrypto

South Korean crypto exchanges saw operating profits fall 78% in the first half of 2026 as trading activity, market valuations and customer deposits declined, according to new government data.  On Thursday, the Korea Financial Intelligence Unit (KoFIU) said average daily trading volume at domestic virtual… Read More

Dollar-backed stablecoins can push local currencies lower, Bank of Korea study finds

Dollar-backed stablecoins can push local currencies lower, Bank of Korea study finds

1 month ago by Crypto InsightsCrypto

Buying pressure in Binance-paired currencies correlates with local currency depreciation as market makers balance positions.

Shinhan and Visa team up to test stablecoin issuance and B2B settlements in South Korea

Shinhan and Visa team up to test stablecoin issuance and B2B settlements in South Korea

2 months ago by Crypto InsightsCrypto

Shinhan Financial Group will use Visa’s platform to test stablecoin issuance, remittance, and redemption while building new AI-powered payment models.

North Korea arrests hackers accused of laundering stolen bank funds through crypto

North Korea arrests hackers accused of laundering stolen bank funds through crypto

3 months ago by Crypto InsightsCrypto

North Korean authorities arrested former military hackers accused of stealing state funds from two banks and laundering the proceeds through cryptocurrency. The group, according to a Daily NK report citing an anonymous source in Pyongyang, allegedly breached the internal systems of the Central Bank of… Read More

XRP traders target $1.5 as Ripple-linked token tops bitcoin (BTC) volumes in Korea

XRP traders target $1.5 as Ripple-linked token tops bitcoin (BTC) volumes in Korea

5 months ago by Crypto InsightsCrypto

XRP is back at the top of South Korean trading screens. The token’s won pair was the most traded market on Upbit over the past 24 hours, with about $110.9 million in volume, ahead of bitcoin’s $88.6 million and ether’s $67 million, CoinGecko data shows.… Read More

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