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17
Mar

Bank of Korea rules out Bitcoin as a reserve asset

The Bank of Korea (BOK) has officially ruled out Bitcoin as a reserve asset, citing concerns over its extreme volatility, high transaction costs, and non-compliance with International Monetary Fund (IMF) guidelines. This decision places South Korea in alignment with several other financial authorities worldwide but also highlights a growing divide…
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24
Jun

Would-be Korean challenger banks regroup after applications rejected by FSC

Korea’s would-be challenger banks received a stern rebuke from the nation’s Financial Supervisory Commission in May as the top financial regulator rejected applications for a virtual-banking license from Viva Republica-backed Toss Bank and Kiwoom Securities-backed Kiwoom Bank. The regulator found Toss’s capital situation problematic and Kiwoom’s plan unfeasible. Both Toss…
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Established in 2007, Kapronasia, an Atlas Technologies Group Company, is a leading consulting and market research firm specializing in fintech, banking, payments, and capital markets. Our services aim to equip clients across the region with the necessary insights to capitalize on their most valuable opportunities and maintain a competitive edge in the market.

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