Upbit–Naver Stock Swap Delayed Again as Korea Crypto Law Looms
Dunamu and Naver Financial push their merger close to end-2026, citing the country's first comprehensive crypto framework as the binding variable for the deal.
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Dunamu and Naver Financial push their merger close to end-2026, citing the country's first comprehensive crypto framework as the binding variable for the deal.
The amendments formalize how courts liquidate crypto holdings to satisfy civil judgments, closing a long-running gap in how digital assets are treated against traditional enforcement procedures.
The won became the first Asian currency to clear a 24-hour trading window, a structural shift that lets Korean exporters and investors hedge positions around the global clock.
The stake lines up OKX's matching, custody and wallet stack with a regulated Korean venue, a structural step for both sides in a market that has been largely walled off from global crypto…
A suspect accumulated nearly half a token's circulating supply before dumping on a domestic exchange, in one of two manipulation cases the FSC escalated this week.
Upbit is the country's largest venue by domestic volume; a16z crypto, Galaxy Digital and CoinFund have backed Gensyn's roughly $78M raise to date.
A top Korean brokerage stepping into the country's No. 2 crypto venue isn't just M&A noise; it lands weeks before FSC rules would cap exchange ownership and force a Bithumb Holdings unwind.
The deal would extend a string of Korean broker-into-exchange tie-ups, signaling that traditional finance now sees domestic crypto venues as core distribution rather than a side bet.
Seoul's benchmark gapped 8% lower before trading was suspended, the steepest single-session halt since 2020 and a fresh signal that Asian risk-off is accelerating.
The penalty is small, but it lands as South Korea's data-protection regulator tightens its grip on offshore transfers of exchange customer information.
The single-day plunge ranks among the steepest in KOSPI's history, dragging regional Asian markets and reigniting global risk-off as the won slides and Korean won-denominated assets are dumped.
The batch includes PAXG, OSMO, LDO, and AMP alongside DeFi and infrastructure names — broad, multi-sector exposure for Korea's deepest liquidity venue.
Beyond the arrests, the case exposes how USDT has become the rail of choice for Asian organized-crime proceeds — and why Seoul is now actively pursuing offshore laundering infrastructure.
South Korea's Ministry of Finance has determined that tokenized stocks fall under the country's securities framework…
The booking — over a job-placement favour to a lawmaker's son — is reputational damage the exchange doesn't need while Korean regulators are already tightening the screws on the sector.
South Korean police have booked the CEO of Bithumb, one of the country's largest cryptocurrency exchanges, as a bribery…
South Korea's KOSPI index plunged 8.4% on Monday, forcing exchange operators to halt trading after an automatic circuit…
Six of the top 20 crypto adoption markets have now moved against prediction platforms, and Seoul's user-level probe marks the wedge shifting from platform blocking to individual liability.
South Korean law enforcement has launched an investigation into domestic users of Polymarket, the decentralised…
Gangwon Provincial Police are investigating domestic Polymarket users under South Korea's Criminal Act Article 246, with up to 10M won fines — the first case to target local retail bettors rather…