Bitcoin: Moonpay Partners Korean Banks for Stablecoin
Moonpay Korea launches with Kakaobank, Woori Bank, and KB Financial Group to expedite international remittances and explore stablecoin payments. #Update #Fintech
South Korea
Blockchain Revolution: Hana Bank’s $100M Leap
Hana Bank settled a $100M digital bond on Sept. 18 via Euroclear’s D-FMI, achieving T+0 settlement, a first in South Korea’s foreign-currency bond market. #Update #Finance
Blockchain Reveals Polymarket Users to Police
Police booked 26 Polymarket users in Korea for gambling, using blockchain analysis to identify traders; 18 referred to prosecutors. Investigation ongoing. #Update #Legal
Stablecoin Test Success: SBI Kyobo Innovate
SBI Digital Practice and Kyobo Life completed a Japan-Korea stablecoin test bypassing dollar conversion, using yen-won tokens in a Canton Network trial.
Avalanche Launches South Korea’s On-Chain Market
South Korea’s Financial Services Commission and Korea Securities Depository unveil a roadmap for tokenizing stocks, bonds, and funds by Feb. 4, 2027, supported by @Avalanche infrastructure. #Update #Crypto $AVAX
Bitcoin Bribery Probe: Bithumb CEO Detained
South Korean police name Bithumb CEO Lee Jae-won a bribery suspect after a second raid; investigation involves hiring solicitation claims. #Breaking #Legal
Bitcoin: Seoul Police Raid Bithumb HQ
Seoul police raided @BithumbOfficial HQ again on June 8, 2026, in a probe involving lawmaker Kim Byung-ki’s son. Bithumb denies irregularities. #Update #Legal
Solana Rug Pull Indicts Five in Korea
South Korean prosecutors indict five in first criminal case over a DEX rug pull; CATFI’s Solana scheme left 256 investors with $600K losses. #Breaking #Legal
Hana Bank Acquires 6.55% of Dunamu
Hana Bank will acquire a 6.55% stake in Dunamu, Upbit’s parent, for $670M by June 15, marking the largest Korean bank investment in digital assets. #Breaking #Finance
Ripple Powers K Bank Blockchain Payments
K bank partners with @Ripple to test blockchain remittances, expanding Ripple’s reach to 100+ institutions. Phase 2 includes UAE and Thailand stablecoin transfers by 2026. #Update #Crypto $XRP
CBDC Launches: South Korea Prioritizes Digital Won
BOK Governor Shin Hyun-song prioritizes CBDC and deposit tokens, omits stablecoins in digital won strategy amid South Korea’s Digital Asset Basic Act finalization. #Update #Crypto
Bitcoin: Korea Launches Crypto Circuit Breakers
South Korea’s Bank of Korea urges crypto exchanges to adopt circuit breakers after Bithumb’s bitcoin distribution error exposed control weaknesses. #Update #Crypto $BTC
Crypto Platforms Face 5-Minute Audit Rule
South Korea mandates a 5-minute audit rule for crypto platforms to enhance transparency and security, impacting operations across exchanges. #Update #Legal
Bithumb Fined $24M for 6M Violations
South Korea fines @Bithumb $24.5M for over 6.65 million AML violations, including unregistered foreign VASP transactions; a six-month partial ban on external transfers for new clients is also imposed. #Breaking #Legal $BTC