Search results for Korea Financial Intelligence Unit
Crypto
KB Securities signs MOU with Canton, Wavebridge to build digital asset infrastructure
KB Securities is partnering with the Canton Foundation and Wavebridge to push a shift in South Korea\'s capital markets toward distributed ledger-based infrastructure. The three signed a memorandum of understanding on June 4 at KB Securities\' headquarters in Seoul\'s Yeouido district. They will jointly review applying Canton Network-based infrastructure to domestic capital market transactions. They also plan to expand cooperation to introducing distributed ledger-based financial products and building overseas distribution infrastructure.
Crypto
Binance expands Korea derivatives as Upbit, Bithumb volumes lag
As trading volumes at South Korean digital asset exchanges such as Upbit and Bithumb cool, global exchange Binance is expanding products aimed at the domestic market, including Korea ETF-linked perpetual futures. Upbit and Bithumb volumes are down more than 84 percent from peaks. The FIU decided to suspend part of Bithumb’s business for 6 months and fine it 36.8 billion won for alleged breaches of the Act on Reporting and Using Specified Financial Transaction Information.
Crypto
National Assembly policy committee to hold urgent hearing on Bithumb bitcoin mispayment case Feb. 11
South Korea\'s ruling and opposition parties agreed to hold an emergency hearing over a large-scale bitcoin mispayment at local crypto exchange Bithumb. The National Assembly\'s Policy Committee will convene a full meeting at 10 a.m. on Feb. 11 to question Bithumb and the Financial Services Commission, Financial Supervisory Service and Korea Financial Intelligence Unit. Bithumb recovered most of the mistakenly paid bitcoin, but about 125 bitcoin is believed to remain unrecovered.