South Korea Orders Crypto Exchanges to Maintain At Least $2.2M in Reserves
New guidelines require cryptocurrency exchanges to build a minimum reserve of $2.28 million starting in September.
BTC$60,022.00-4.02%
ETH$1,611.40-2.93%
USDT$0.9986-0.03%
USDC$0.9996-0.01%
XRP$1.06-3.72%
SOL$67.04-2.81%
TRX$0.3262-1.18%
FIGR_HELOC$1.03-0.13%
HYPE$59.29-5.23%
DOGE$0.0751-4.89%
USDS$0.9994-0.02%
RAIN$0.0159+1.07%
LEO$9.45-0.91%
ZEC$401.75-3.79%
XLM$0.1844-4.52%
BTC$60,022.00-4.02%
ETH$1,611.40-2.93%
USDT$0.9986-0.03%
USDC$0.9996-0.01%
XRP$1.06-3.72%
SOL$67.04-2.81%
TRX$0.3262-1.18%
FIGR_HELOC$1.03-0.13%
HYPE$59.29-5.23%
DOGE$0.0751-4.89%
USDS$0.9994-0.02%
RAIN$0.0159+1.07%
LEO$9.45-0.91%
ZEC$401.75-3.79%
XLM$0.1844-4.52%
South Korea's small-cap Kosdaq index, driven by meme stocks, has become one of the world's best-performing indices.
New guidelines require cryptocurrency exchanges to build a minimum reserve of $2.28 million starting in September.
South Korea elevates financial statement requirements, as new crypto-crime unit launches.
SK Telecom equipped its AI chatbot with new technology using Microsoft's cloud computing service.
South Korean parliament approved a new unified crypto legislation aimed at improving investor protection.
Reports from earlier this month revealed that a top South Korean lawmaker secretly held and moved $4.5m in crypto funds.
According to previous reports, Kim held around 800,000 undisclosed WEMIX tokens in his digital wallet.
Last year, Samsung and BOK built a protocol that enables CBDC transfers using NFC technology.
In 2021, South Korea implemented a rule that requires exchanges to inform authorities when transactions exceed 1 million won.
Do Kwon's trail-blazing DeFi career likely to end up in imprisonment.
The bill is expected to be implemented into law later this year.
South Korean officials froze ($184.7 million) in funds tied to Shin and 9 other indictees.
Hackers stole more than 60 BTC, 350 ETH and other cryptocurrencies from GDAC.