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Crypto
Crypto Hot Issue: Crypto regulation stalls as South Korea shows distinct love for altcoins
South Korean brokerages are accelerating their push into digital assets, while the financial sector says regulatory gaps are holding back market entry despite infrastructure being largely ready. An analysis said South Korea accounts for about 30 percent of global cryptocurrency trading volume, with investors heavily focused on altcoins rather than bitcoin. In the United States, delays to the CLARITY Act have added uncertainty, while XRP posted weekly gains and inflows into spot ETFs rose.
Crypto
Project Hangang accelerates as Circle eyes South Korea stablecoins
As legislation on South Korea’s Digital Asset Framework Act stalls in parliament, the Bank of Korea is stepping up its central bank digital currency pilot, Project Hangang, entering a second phase focused on preparing deposit tokens for commercialisation. A turf dispute is also emerging between the central bank and the Financial Services Commission over regulatory authority, including licensing for stablecoin issuance. U.S. stablecoin firm Circle has highlighted Korea as a key hub and flagged possible expansion.
Crypto
Stalled Clarity Act keeps Bitcoin rangebound as quantum threat adds pressure
South Korea’s digital asset market focus over the past week centred on the stalled U.S. Clarity Act, prolonged range-bound Bitcoin trading, rising concern over quantum-computing threats and debate over XRP’s outlook. Industry and lawmakers clashed over a ban on stablecoin interest, while legislative progress also stalled in South Korea. Bitcoin stayed in a $60,000 to $70,000 band before a rebound linked to news on U.S.-Iran truce talks. Quantum-resistant projects rose after a Google-Caltech paper. XRP drew attention on SWIFT, holdings and price targets. Stablecoin usage grew, while a $285 million DeFi hack revived control concerns.
