KOREA

🏦 8 Korean Banks to Launch KRW-backed Stablecoin

Top Korean banks are preparing a won-backed stablecoin JV, possibly launching by year-end or early 2026 .

Region-level crypto adoption is heating up.

#KRWStablecoin #Korea #CryptoBanks

Korea’s Top 8 Banks Team Up to Launch KRW Stablecoin JV

According to Economic Review (June 25), eight major Korean banks — including Kookmin, Shinhan, Woori, Nonghyup — are forming a joint venture to issue a KRW-pegged stablecoin, aiming to counter USD dominance in the global stablecoin space.

🔍 Two models under discussion:
Trust-backed issuance
Deposit token model (1:1 bank deposits)

Expected launch: Late 2024 or early 2025
This marks the first coordinated move by Korea’s private banking sector into digital assets.

#stablecoin #KRW #Korea

The three largest banks in South Korea, including KB Kookmin, Shinhan, Woori, and other banks, are collaborating to establish a joint venture to issue a stablecoin pegged to the won, based on a trust model or deposit-based tokens, ensuring compliance with KYC/AML. KB Kookmin has registered 17 brands #stablecoin such as KBKRW, preparing to launch by the end of 2025 or early 2026, coinciding with the Basic Digital Asset Act. KakaoPay is also joining the race. Under the leadership of President Lee Jae-myung, South Korea is promoting stablecoins and crypto spot ETFs, aiming to lead the global digital finance sector. This model, if successful, could serve as a private stablecoin model at a national scale.
Risk warning: Information is for reference only and is not investment advice. #Korea

Parataxis Holdings 'Bitcoinizes' Bridge Biotherapeutics, Opening a New Era of Public BTC Treasury in South Korea

Parataxis Holdings has just announced the acquisition of Bridge Biotherapeutics for 25 billion won (~18.5 million USD) to transform this listed company into the first public Bitcoin treasury in South Korea.

#ParataxisHoldings is a digital asset investment company based in New York, specializing in developing Bitcoin accumulation strategies. Through this deal, the company will rename Bridge Bio to Parataxis Korea and bring the BTC treasury model to institutional investors in South Korea.

The new CEO of Parataxis Korea – Mr. Andrew Kim – stated:

'South Korea is the next strategic link in the global Bitcoin treasury wave.'

Meanwhile, founder Edward Chin emphasized that $BTC is increasingly becoming a global financial pillar and Parataxis Korea will create long-term value for shareholders and the economy.

Immediately after the acquisition announcement, Bridge Bio's (288330.KQ) stock surged nearly 40% over 5 sessions, reflecting strong investor confidence.

Parataxis also revealed that it is preparing additional specialized investment funds following the Bitcoin treasury model, expanding into other markets.

📌 Investor Warning: The trend of public companies accumulating BTC is a positive long-term trend, but investors should also be cautious of security risks, cold wallet governance, and the high price volatility of Bitcoin. #Korea

Coinbase wins EU license, S. Korea speeds up ETF plan!

Big news: Coinbase got MiCA approval in Luxembourg, unlocking access to all 27 EU countries + EEA 🇪🇺

South Korea’s regulators revealed a plan to launch spot crypto ETFs by late 2025 🌏

🏁 First take:

1. EU access brings solid user base expansion

2. Korea’s roadmap boosts Asia market sentiment

💬 Which is bigger?
React with 👍 for EU, ❤️ for Korea ETF
🔗 Share if you're bullish on global adoption!

#BinanceSquare #CryptoGrowth #coinbase #Korea #EU

$BNB $XRP

The new law of South Korea set to be launched will tighten the management of stablecoins according to international standards and examine the transaction fees of major exchanges like Upbit, Bithumb, and Coinone to protect investors. At the same time, this year South Korea is also expected to launch a Spot crypto ETF, possibly by the end of the year, to ensure that infrastructure and laws will better protect investors. #Korea #anhbacong

🇰🇷 Urgent: Parataxis Acquires Bridge Biotherapeutics to Launch Bitcoin Platform in South Korea!
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📈 Institutional Bitcoin Platform in Korea:
Parataxis Holdings has acquired South Korean company Bridge Biotherapeutics for $18.5 million. The move aims to launch an institutional-backed Bitcoin treasury platform in the Korean public markets.
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💡 Importance of the Deal:
* 💰 Huge Investment: Demonstrates a significant commitment to expanding Bitcoin's presence in Asia.
* 🌐 Korean Market: Aims to provide institutional access to Bitcoin in the Korean public market.
* 🚀 Institutional Adoption: Enhances confidence in Bitcoin as a strategic asset for treasuries.
❓ Do you see this move opening the door for more institutional investments in Bitcoin in Asian markets?
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#CryptoNewss #LEGENDARY_007 #Korea #BTC #Parataxis

🇰🇷 New: The Bank of Korea Will Not Oppose the "WON-Denominated Stablecoin"!
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💡 The Central Bank's Position on Stablecoins:
The Bank of Korea has stated that it will not oppose the issuance of a stablecoin linked to the Korean won. However, it warned of potential challenges.
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⚠️ Warnings and Concerns:
* 💱 Foreign Currency Management: Management of foreign currency reserves may become complicated.
* 💸 Increased Demand for the Dollar: Demand for US dollar-backed stablecoins may rise.
* 🔄 Ease of Conversion: It facilitates the exchange of the won for dollar-denominated stablecoins.
❓Do you think that conditional approval from central banks for local stablecoins will accelerate their global adoption?
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#CryptoNewss #LEGENDARY_007 #Stablecoins #Korea

🚨 Warning: North Korean hackers are spreading malware through fake crypto job sites!
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🌐 New threat targeting blockchain professionals:
According to a report from Cisco Talos, hackers from North Korea are deploying new malware to steal information. This is done through fake job sites targeting blockchain and cryptocurrency specialists.
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💡 How does the attack work and what should you do?
* 🎣 Job bait: Victims are lured in through fake job ads for well-known crypto companies like Coinbase and Uniswap.
* 💻 Malware: Victims are asked to download "video drivers" or enter commands that lead to the installation of information-stealing software (such as passwords from Metamask and 1Password wallets).
* 🛡️ Security advice: Be very cautious with suspicious job offers, and do not download files or execute untrusted commands.
❓ What additional measures do you take to protect yourself from phishing and fraud attacks in the cryptocurrency space?
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#CryptoNewss #LEGENDARY_007 #Korea

🇰🇷 South Korea is preparing to launch a won-based stablecoin

⚖️ The Bank of Korea is considering the issuance of a digital token pegged to the won to reduce dependence on foreign currencies.
📉 The country's currency reserves are declining, and regulators are tightening control over the industry.
📊 The new initiative could simplify local settlements and reduce the influence of the dollar.

#PJW #USDT #USDC #Korea #Stablecoin
🔔 Follow market movements with PJW.

$USDC

🇰🇷 Urgent: The Bank of Korea fears stablecoins increase demand for the dollar!
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💵 The dilemma of stablecoins in South Korea:
The Bank of Korea has expressed concern that local stablecoins may lead to increased demand for the US dollar. This contradicts the presidency's goals of promoting stablecoins linked to the South Korean won.
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💡 Why this concern?
* 📉 Dollar dominance: Authorities fear that the spread of dollar-backed stablecoins could undermine the central bank's control over monetary policy.
* 📈 Supporting the won: South Korea aims to promote stablecoins linked to its national currency (the won) to maintain its financial influence.
* 🌐 Global impact: This challenge reflects a global struggle between the desire for financial innovation and the maintenance of traditional monetary sovereignty.
❓Do you see major countries succeeding in enforcing local stablecoins against the dominance of dollar-backed currencies?
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#CryptoNewss #LEGENDARY_007 #StablecoinRevolution #KoreaCryptoRegulations #Korea

I like 👍👌😉 #IsraelIranConflict #Korea #Japan #AustraliaCrypto #cz判罚 $WCT $SOLV $GUN 👍👌

🚨BREAKING 🚨

SOUTH KOREA'S PASSES A BILL TO
POSTPONE TAX ON CRYPTO-ASSET
GAINS BY 2 MORE YEARS UNTIL 2027

THIS IS GIGA BULLISH 🚀

#korea #btc
$BTC

#Korea $BTC The North Korean hacker group Lazarus, responsible for the Bybit hack, converted the stolen ETH to BTC.

Now, according to Arkham, they hold 13,562 BTC worth $1.12 billion.

At this rate, North Korea has entered the top 5 countries in the world by Bitcoin reserves.

Crypto boom in South Korea, number of investors surpasses stock market

Cryptocurrency is becoming increasingly popular in South Korea as the number of crypto investors has reached 16 million, accounting for about 30% of the population, surpassing the 14.1 million stock market investors. According to experts, this trend may continue to grow significantly, with forecasts suggesting that the number of users on the platform #crypto could reach 20 million by the end of this year.

Not only popular among the public, crypto also attracts interest from civil servants. According to a survey, 20% of South Korean civil servants admit to owning cryptocurrency with a total value of nearly 10 million USD. This indicates a growing recognition of crypto as a mainstream investment asset in this country.

With strong growth momentum, South Korea is becoming one of the most vibrant cryptocurrency markets in the world, opening up many development opportunities for the blockchain and crypto industry in the near future.

#Korea #anhbacong

South Korea's updated donation laws, set to take effect in July, exclude digital currencies like Bitcoin from accepted forms of donation, despite their popularity in the country. While the legislation expands donation methods to include various alternatives like gift vouchers and stocks, #cryptocurrency donations are notably omitted. However, the law allows donations in local government-issued stablecoins and blockchain-issued gift vouchers. In contrast, charitable organizations in the United States increasingly accept digital currency donations. Meanwhile, #SouthKorea is bolstering efforts to combat cryptocurrency-related crimes by elevating its crypto crime investigative unit to an official department. #korea

🏛 Bank of Korea to Launch “Hangang” CBDC Experiment in April!

🇰🇷 The Bank of Korea is set to test a digital currency pilot with 7 major banks, exploring real-time transactions & retail payments.

🌐 Will this bring mass adoption for CBDCs? Or is it just another test?

⬇️ Drop your thoughts below!

#CBDC #Korea #Blockchain #DigitalCurrency

#korea $KNC
If you want to import from Korea, you need to get kc certification. KNC successfully pushes coins from Korea