South Korean authorities have approved measures to block internal access to 27 websites operated by unregistered crypto exchanges and other virtual asset service providers, including KuCoin, MEXC, Phemex and Bitrue. in a announcement On Tuesday, South Korea’s Financial Intelligence Unit (FIU) said the decision followed an October 6 and 7 review by the Korea Media … Read more
Zionbook Bank has begun offering bitcoin-backed loans to corporate customers, with a third-party custodian using the cryptocurrency as collateral. South Korea’s Jeonbuk Bank, a subsidiary of JB Financial Group, has reportedly begun issuing bitcoin-backed loans to its corporate customers. Local outlet EDaily Report On Monday JionBook Bank became the first commercial bank in the country … Read more
A Chinese-speaking hacker launched cyberattacks that rocked South Korea’s financial sector earlier this month using the ARTEX AI penetration testing suite and Claude agents. The perpetrator targeted several Korean banks, including Shinhan Bank, KB Kookmin Bank and Hana Bank, by exposing customers’ personal and credit card information and in some cases causing system failures. The … Read more
Shares of tokenization platform Securities rose sharply on Tuesday after the company announced a partnership with South Korean technology company LG CNS as the country prepares to introduce a new framework for tokenized securities. Securities ( SECZ ) rose nearly 8% to around $12.60 in early trading Tuesday, outperforming most major crypto-linked stocks, before pulling … Read more
South Korea’s Financial Services Commission said it is considering measures to create a market for the digital asset, after a stablecoin tied to the value of the Japanese yen traded four times its peg on a major South Korean crypto exchange earlier this month. Crypto exchange Upbit started trading JPYC, a yen-backed stablecoin, on September … Read more