south korea crypto

May

South Korea’s crypto-friendly new president may face uphill battle

South Korea’s new president Yoon Suk-yeol entered office planning to make his country friendlier to cryptocurrency. During his campaign, Yoon said, “To realize the unlimited potential of the virtual asset market, we must overhaul regulations that are far from reality and unreasonable.” Though Yoon likely remains keen to carry out…

Mar

Blockchain Research

South Korea’s new president is bullish on crypto

South Korea’s people have long been more enthusiastic about crypto than the country’s regulators and politicians. By one estimate, in 2021 one in three South Koreans either invested in crypto or was paid in digital assets. A study by the Korean government’s Financial Intelligence Unit (FIU) found that South Korea’s…

Jul

Blockchain Research

South Korea is keener on a CBDC than crypto

The crypto party may be over in South Korea, where the government is less than ecstatic about the widespread use of decentralized virtual currency in its economy. Unlike Japan, a crypto pioneer that has always been tolerant of decentralized digital currency, South Korea sees it as somewhere in between an…

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