Catenaa, Sunday, April 06, 2025-South Korean crypto exchange Bithumb reported a $110 million net profit for 2024, marking a five-fold increase from the previous year. The surge comes amid a strong crypto market and growing institutional adoption in the U.S. According to local media reports, Bithumb’s sales nearly tripled as bitcoin prices soared. The profit […]
Catenaa, Saturday, March 08, 2025-South Korean regulators’ sanctions against Upbit, the country’s leading crypto exchange, have drawn strong criticism for being ineffective. The Financial Intelligence Unit (FIU) issued a three-month business suspension to Dunamu, the operator of Upbit, following revelations that the exchange facilitated nearly 45,000 virtual asset transfer transactions with 19 unreported, overseas-based operators. […]
Catenaa, Tuesday, April 08, 2025-Dunamu, the parent company of South Korea’s largest cryptocurrency exchange, Upbit has announced a threefold increase in dividends for common shareholders following a sharp rise in its annual profits. During the company’s annual shareholder meeting on Friday, it was revealed that Dunamu would distribute a dividend of 8,777 Korean won ($5.99) […]
Catenaa, Tuesday, Mach 25, 2025-Hyundai Motor Group revealed a $21 billion investment in the US alongside President Donald Trump at the White House on Monday, marking a significant expansion of its American manufacturing presence. The investment includes a $5.8 billion Hyundai Steel plant in Louisiana, projected to produce 2.7 million metric tons of steel annually […]
Catenaa Tuesday, February 18, 2025- A new survey reveals that 25% of South Koreans now own cryptocurrency, with many investors seeking short-term profits. The survey, conducted by Hashed Open Research, surveyed 2,000 individuals aged 20 to 69. Of those, 507 people (25%) reported they are currently investing in crypto. The survey also found that interest […]
Catenaa, Wednesday, January 29, 2025 – South Korean prosecutors will formally establish a dedicated crypto crime unit aimed at tackling digital asset fraud, market manipulation, and other illicit activities, according to local reports. The Joint Investigation Unit (JIU) for Virtual Asset Crimes, currently operating as a temporary task force, will be officially upgraded to a […]
Catenaa, Monday, March 17, 2025-The Bank of Korea (BOK) confirmed Sunday it has no plans to include bitcoin in its foreign exchange reserves, citing volatility and International Monetary Fund (IMF) guidelines. Responding to a National Assembly inquiry, the central bank said bitcoin’s price fluctuations could lead to high transaction costs when converting it into cash. […]
Catenaa, Wednesday, March 19, 2025- South Korea’s central bank will begin a large-scale pilot of its central bank digital currency (CBDC) project, named “Hangang,” in April, testing digital payments with 100,000 citizens and seven major banks. The Bank of Korea (BOK) announced the three-month trial, running through June, to evaluate whether tokenized deposits can streamline […]
Catenaa, Sunday, March 02, 2025-South Korea prosecution service has officially launched a specialized unit to combat crypto-related crime, including scams and fraud, amid rising concerns over digital asset fraud. The Joint Investigation Unit (JIU) for Virtual Asset Crimes, which had operated temporarily since 2023, is now formalized and will function with greater independence. The unit, […]
Catenaa, Saturday, March 08, 2025-South Korea regulators may move closer to approving Bitcoin exchange-traded funds (ETFs) if Japan gives the green light to similar investment products, according to a new report. The Financial Services Commission (FSC) and the Financial Supervisory Service (FSS) have been closely monitoring Japan’s approach to Bitcoin ETFs, Maeil Kyungjae reported Tuesday. […]
Catenaa, Friday, January 10, 2024- The Korea Exchange (KOSDAQ) is considering approving crypto spot exchange-traded funds (ETFs) in 2025, its chairman, Jeong Eun-bo, announced at the 2025 Securities and Derivatives Market Opening Ceremony. The move aims to revitalize South Korea’s financial markets after political turmoil dampened investor confidence. Jeong emphasized benchmarking global cases to introduce […]
Catenaa, Saturday, February 15, 2025 – South Korea financial regulator will roll out a phased plan allowing corporations to trade cryptocurrencies, marking a significant regulatory shift aimed at balancing innovation with financial safeguards. The Financial Services Commission (FSC) announced the initiative following a Virtual Asset Committee meeting Wednesday, detailing a gradual integration of businesses into […]
Catenaa, Saturday, February 22, 2025 – South Korean banks are ramping up efforts to strike partnerships with the nation’s top cryptocurrency exchanges as regulators prepare to allow firms to invest in digital assets, a move expected to fuel significant market growth. According to local media reports, banks are closely monitoring Upbit, South Korea’s largest crypto […]
Catenaa, Wednesday, February 05, 2025 – The CEO of a prominent South Korean peer-to-peer (P2P) lending platform is facing accusations of embezzlement after allegedly using client funds for personal cryptocurrency investments. The accusations come from an investor who backed a real estate project with the CEO in 2018. According to reports from NBN Media, the […]