Search results for Digital asset exchanges
Crypto
Dollar stablecoin market tops 400 trillion won as Korea faces double bind on won stablecoin
The global stablecoin market has grown to about 400 trillion won, with dollar-backed tokens dominating and strengthening their position in payments and remittances. In South Korea, debate over issuers, reserve asset management and redemption is slowing progress on the Digital Asset Basic Act. Industry participants say allowing won stablecoin issuance is not enough and that viable payment use cases, liquidity, distribution channels and supporting infrastructure must be built alongside regulation.
Crypto
KBank adopts blockchain transaction analysis solution to strengthen digital asset AML
KBank is strengthening its blockchain transaction analysis capabilities and anti-money laundering (AML) framework to prepare for the institutionalisation of digital assets, including stablecoins. The bank said it has adopted TranSight, a blockchain transaction analysis solution from blockchain compliance specialist Bonanza Factory. TranSight analyses wallet addresses and transaction flows to assess risks linked to money laundering and other financial crimes. KBank said it plans to further upgrade on-chain monitoring, AML and risk management, and expand cooperation and technical verification with global financial institutions.
Finance
FSC warns 200-times leverage products linked to Korean stocks are ultra high risk
South Korea\'s Financial Services Commission warned that offshore platforms are offering ultra high-risk perpetual futures linked to Korean stocks, making investor protection difficult. It said some products offered by overseas digital asset exchanges allow leverage of several dozen times or more on shares such as Samsung Electronics and SK Hynix. The FSC cited structural differences from conventional futures, round-the-clock trading and the lack of established oversight in many countries. It also flagged risks from high leverage and limited legal remedies for domestic investors.
-
Crypto
Exchange major shareholder stake cap kept despite delays in digital asset law, raising fears of chilled financial investment
-
Finance
Financial sector audit clashes over hacking, ETFs as digital asset rules near final stage
-
Crypto
Jeonbuk Bank adds price data from five major exchanges to Ssok Bank
-
Crypto
Digital Assets Framework Act in final stage, will not fall behind global trends
-
Crypto
Bithumb tops KCSI digital asset exchange category for second straight year
-
Crypto
Stablecoins post 18 months of net outflows abroad, totaling 10.4 billion dollars
-
Crypto
U.S. seeks forfeiture of $61 million in crypto tied to alleged Iran oil payment laundering via Binance accounts
-
Crypto
Bitcoin clears $80,000 after three months as digital asset alliances gather pace
-
Crypto
DAXA flags four unreported overseas crypto exchanges, seeks police investigation
-
Crypto
DAXA moves for joint response ahead of revised foreign exchange transactions law
-
Crypto
Bitcoin breaks $80,000 after three months, raising questions over South Korea digital asset regulation
-
Crypto
Digital asset alliances emerge as banks, brokerages and asset managers race to team up
-
Crypto
Upbit operator Dunamu becomes first digital asset exchange firm designated for shared use of administrative information
-
Crypto
Won-backed stablecoin success depends on real-world use and distribution networks
-
Crypto
Clarity bill pushed to September as bitcoin sets August high