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Virtual asset trading and intermediary business will be removed from the venture enterprise restricted industry. The Ministry of Small and Medium-sized Enterprises and Start-ups of South Korea (referred to as the "Ministry of Small and Medium-sized Start-ups") said on the 9th that at the state conference held at the Yongsan Presidential Palace, it reviewed and approved some amendments to the "Special Law on Cultivating Venture Enterprises" including the above content. The amendment will be effec...
The South Korean government has declared a national mourning period for the plane crash until January 4.
The South Korean government announced today that it has imposed sanctions on 15 individuals and an entity from the Democratic People's Republic of Korea who have been involved in illegal cyber activities, including cryptocurrency theft. The South Korean Foreign Ministry said in a statement that the 15 North Korean individuals had been working for Bureau 313 under the Ministry of Machine Industry of the Workers' Party of Korea. The department, which has been sanctioned by the United Nations Secur...
White House: US President Joe Biden's administration is in contact with the South Korean government and is closely monitoring the situation.
CryptoQuant CEO Ki Young Ju posted on the X platform that South Korean government officials said that 10% of South Korean trade transactions use stablecoins. USDT has a 72% share of the stablecoin market, mainly on the TRON blockchain, probably due to its speed and lower fees than ETH. For whatever reason, the market chose Tether and TRON, and they found a product-market fit.
