South Korea to Grant ‘Venture Company’ Status to Crypto Firms Next Week
South Korea is set to take a decisive step in integrating its fast-growing digital asset sector into the mainstream economy, as crypto firms in the country prepare to receive official venture company status starting next week. The move is seen as a major breakthrough for the industry, which has long pushed for greater recognition and […]
South Korea Sets Crypto Lending Rates at 20%
South Korea’s Financial Services Commission (FSC) has rolled out new rules that place tighter limits on the country’s booming crypto lending industry. Under the guidelines, lending platforms must cap annual interest rates at 20% and are no longer allowed to offer leveraged loans, where borrowers take out more than the value of their collateral to […]
South Korea Orders Crypto Exchanges to Halt Lending Services Amid Regulatory Crackdown
South Korea’s financial regulator has issued a sweeping directive ordering domestic cryptocurrency exchanges to suspend all crypto lending services, citing mounting risks to investors and concerns over market stability. The Financial Services Commission (FSC) said the decision was made after identifying potential threats posed by lending products that operate in a legal gray area and […]
27% of Koreans aged 20–50 hold crypto, 70% eye more investments
Cryptocurrency ownership is rapidly gaining traction in South Korea, particularly among adults aged 20 to 50. A recent nationwide survey reveals that 27% of individuals in this age group currently hold digital assets, marking a significant shift in investment behavior. Even more striking, 70% of these investors intend to expand their crypto holdings in the […]
South Korean Banks to Launch Won-Pegged Stablecoin by 2026
South Korea’s banking sector is preparing for a major leap into digital finance, as eight of the country’s largest financial institutions plan to launch a won-pegged stablecoin by 2026. This development marks a significant shift in the adoption of blockchain-based financial products within the traditional banking system, setting the stage for a more regulated and […]