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South Korea risks falling behind in stablecoins as regulatory uncertainty keeps banks and fintech firms from moving beyond pilot projects, according to Circle's chief strategist. "You can afford to be late to the regulation, but you don't necessarily want to be late to the technology," Dante Disparte, Circle's chief strategy officer and head of global policy and operations, said in an interview with The Korea Herald in Seoul on Thursday. Korea's sophisticated banking and payments infrastructure
Kbank said Tuesday it signed a memorandum of understanding with Korean blockchain company BPMG and Hong Kong-based digital asset firm HashKey Group to develop stablecoin-based cross-border remittance services and related technologies. Under the partnership, the three companies plan to connect a blockchain remittance model developed by Kbank and BPMG with HashKey’s network for users in Hong Kong and Southeast Asia, with the longer-term goal of building a broader remittance network across Asia. Th
Toss Bank said Monday it signed a memorandum of understanding with the Solana Foundation to explore blockchain-based financial infrastructure, becoming the first South Korean internet-only bank to partner with the organization behind the Solana network. The agreement focuses on developing next-generation cross-border payment infrastructure using blockchain technology. The two sides will conduct a phased proof of concept for international remittances on the Solana network, evaluate blockchain-bas
Marking its 23rd anniversary this year, MapleStory — Nexon’s megahit side-scrolling massively multiplayer online role-playing game — has cemented itself as one of the Korean game company’s most prominent intellectual properties. As the internet world enters the Web3 era, Nexpace, Nexon’s blockchain arm based in Abu Dhabi, is doubling down expanding the megahit IP’s playground with MapleStory Universe. “Over the past year, we were able to lay down the groundworks for our vision of MapleStory Univ
Bithumb, South Korea's second-largest cryptocurrency exchange, has signed a memorandum of understanding with SSID, a subsidiary of Vietnam's largest securities firm SSI Securities, the company said on Thursday. The agreement to jointly develop a local virtual asset exchange, signed March 2 at SSI's Hanoi branch, was attended by Bithumb CEO Lee Jae-won, SSID CEO Nguyen Khac Hai and SSI Securities Chairman Nguyen Duy Hung. The two sides will collaborate on technology architecture, wallet and custo
South Korea's internet-only lender K bank has signed a strategic partnership with global blockchain firm Ripple to test blockchain-based technology for overseas remittances. The agreement was signed recently at K bank's headquarters in Seoul, the bank said Monday. Ceremony attendees included K bank CEO Choi Woo-hyung, Ripple Asia-Pacific Managing Director Fiona Murray and other officials from both companies. Founded in 2012, Ripple operates Ripple Payments, a global financial network used by mor
South Korea's financial regulator has escalated its response to a large-scale misallocation of bitcoins at Bithumb, upgrading an initial on-site check to a full inspection. The Financial Supervisory Service notified Bithumb on Monday of its decision to launch an inspection and began it the following day, according to financial authorities and industry sources Tuesday. The escalation came three days after the watchdog began an on-site inspection Saturday, the day after the incident occurred. The
Bithumb, South Korea’s second-largest cryptocurrency exchange by trading volume, was thrust into crisis over the weekend after a staff error led to the creation of 620,000 so-called “ghost bitcoins” on its internal ledger — an amount equivalent to nearly 3 percent of the total global bitcoin supply. The incident occurred at around 7 p.m. Friday, when Bithumb mistakenly distributed 620,000 bitcoins to hundreds of users during a promotional event. The error stemmed from an employee entering the re
Following the “ghost bitcoin” incident at South Korea’s second-largest cryptocurrency exchange, Bithumb, the Financial Supervisory Service will step up efforts to regulate the virtual asset industry, the watchdog’s chief said Monday. Unveiling the agency’s 2026 policy agenda during a press briefing at its headquarters in Yeouido, Seoul FSS Gov. Lee Chan-jin stressed efforts for a trustworthy virtual asset trading environment, including full-scale inspections of crypto exchanges and enhanced legi
Digital asset and blockchain firm YouthMeta said Tuesday it will host the 2026 Digital Asset Blockchain Conference at Coex in southern Seoul on Feb. 7, aiming to provide a structural and long-term view of the quickly evolving digital asset market. Rather than focusing on short-term price forecasts or individual tokens, the conference will examine the current state and future direction of the industry through technological, market and media perspectives, the company said. YouthMeta develops artif
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