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🇰🇷 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
⚖️ 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
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🚨 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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📍 If you liked the content, support me with a like and follow to stay updated
LEGENDARY_007
#CryptoNewss #LEGENDARY_007 #Korea
━━━━━━━━━━━━━━━
🌐 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.
━━━━━━━━━━━━━━━
💡 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?
━━━━━━━━━━━━━━━
📍 If you liked the content, support me with a like and follow to stay updated
LEGENDARY_007
#CryptoNewss #LEGENDARY_007 #Korea
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🇰🇷 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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📍 If you liked the content, support me with a like and follow to receive all new updates
LEGENDARY_007
#CryptoNewss #LEGENDARY_007 #StablecoinRevolution #KoreaCryptoRegulations #Korea
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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.
━━━━━━━━━━━━━━━
💡 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?
━━━━━━━━━━━━━━━
📍 If you liked the content, support me with a like and follow to receive all new updates
LEGENDARY_007
#CryptoNewss #LEGENDARY_007 #StablecoinRevolution #KoreaCryptoRegulations #Korea
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🇰🇷 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?
━━━━━━━━━━━━━━━
📍 If you liked the content, support me with a like and follow to receive all the new updates
LEGENDARY_007
#CryptoNewss #LEGENDARY_007 #Korea #BTC #Parataxis
━━━━━━━━━━━━━━━
📈 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.
━━━━━━━━━━━━━━━
💡 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?
━━━━━━━━━━━━━━━
📍 If you liked the content, support me with a like and follow to receive all the new updates
LEGENDARY_007
#CryptoNewss #LEGENDARY_007 #Korea #BTC #Parataxis
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🇰🇷 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?
━━━━━━━━━━━━━━━
📍 If you liked the content, support me with a like and follow to get all the latest updates
LEGENDARY_007
#CryptoNewss #LEGENDARY_007 #Stablecoins #Korea
━━━━━━━━━━━━━━━
💡 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.
━━━━━━━━━━━━━━━
⚠️ 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?
━━━━━━━━━━━━━━━
📍 If you liked the content, support me with a like and follow to get all the latest updates
LEGENDARY_007
#CryptoNewss #LEGENDARY_007 #Stablecoins #Korea
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South Korea, under the leadership of President Lee Jae-myung, is moving closer to legalizing stablecoins pegged to the won through the "Basic Digital Asset Act" bill. With stablecoin trading volume reaching 42 billion USD in Q1/2025 (according to the Bank of Korea), this bill aims to control capital flows and promote the domestic blockchain ecosystem.
The bill, announced by Congressman Min Byeong-deok on June 10, 2025, requires stablecoin issuers to have a minimum capital of 368,000 USD and be approved by the Financial Services Commission. Additionally, it establishes a Digital Asset Committee under the President to support blockchain development and prevent fraud. Despite facing opposition from the Central Bank, the bill reflects global trends, similar to regulations in the U.S. and Hong Kong, reinforcing the role of stablecoins in digital finance.
Risk warning: Investing in cryptocurrency carries high risks due to significant price volatility. #Korea #stablecoin #anhbacong
The bill, announced by Congressman Min Byeong-deok on June 10, 2025, requires stablecoin issuers to have a minimum capital of 368,000 USD and be approved by the Financial Services Commission. Additionally, it establishes a Digital Asset Committee under the President to support blockchain development and prevent fraud. Despite facing opposition from the Central Bank, the bill reflects global trends, similar to regulations in the U.S. and Hong Kong, reinforcing the role of stablecoins in digital finance.
Risk warning: Investing in cryptocurrency carries high risks due to significant price volatility. #Korea #stablecoin #anhbacong
$1MBABYDOGE /USDT trading pair is showing a slight positive trend, currently priced at 0.0022698, up by 2.56% in the last 24 hours. The price has fluctuated between a low of 0.0021824 and a high of 0.0023050, with 5.37 billion $1MBABYDOGE traded and 12 million USDT in volume, indicating active trading. Resistance is observed near 0.0023050, while support is at 0.0021824. The price is holding within this range, and technical indicators suggest the potential for further price movement, either to test resistance or retrace to support. Traders should watch for a breakout above 0.0023050 for further bullish momentum or a pullback to support levels for a buying opportunity.
#BTCStateReserves #ETHProspects #Korea #Kabosu #BTCStateReserves $1MBABYDOGE
#BTCStateReserves #ETHProspects #Korea #Kabosu #BTCStateReserves $1MBABYDOGE
$RIF /USDT is currently trading at 0.0873, marking a 3.32% decline in the last 24 hours. The price is moving near its daily low of 0.0871, with resistance noted at 0.0914. With a trading volume of 7.04M $RIF worth 628,501.48 USDT, traders may find opportunities in the tight range. A breakout above 0.0914 could indicate bullish momentum, while the 0.0871 level offers potential support for rebound trades. Watch closely for MACD signals and volume shifts to time entries and exits for optimal profit.
#BTCStateReserves #Kabosu #Korea #kdmrcrypto #BTCStateReserves $RIF
#BTCStateReserves #Kabosu #Korea #kdmrcrypto #BTCStateReserves $RIF
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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
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
Incheon City To Become Blockchain Hub City By Supporting Local Software Companies
Incheon City, South Korea, is focusing on customized support for companies to foster leading software (SW) companies in the jurisdiction, in line with its promotion strategy to create Incheon as a blockchain hub city. This move is part of the city’s efforts to pre-emptively respond to new technologies such as blockchain and artificial intelligence (AI) and meet the increasing demand for these fields.
Recently, Incheon City announced that three local companies had been selected for the ‘2023 Regional Leading Business Commercialization Support Project,’ a public contest by the Ministry of Science and ICT. The three companies selected are Mondrian AI, JNP Medi, and D35 Co., Ltd. All three companies were chosen through a contest for innovative technologies such as blockchain and artificial intelligence (AI) held by Incheon City prior to participating in the government contest.
The contest project aims to foster software (SW) companies in regions with research and development capabilities and growth potential, providing them with various autonomous support services tailored to their needs to become leading companies with core competencies. The government has secured 576 million won to support these companies, with the total project cost being 1.152 billion won.
Incheon City and the Incheon Technopark Software (SW) Industry Promotion Agency will develop various high-growth programs to nurture these companies into leading firms. These programs will be tailored to the needs of the companies, including technological advancement, domestic and international marketing, testing, technology/management consulting, investment attraction, and internship linkage.
Lee Nam-joo, director of the Future Industry Bureau, said, “I hope that Incheon City’s customized support will contribute to the growth and sales of local companies.” The city is promoting various business support projects to foster future leading companies, such as the Rising Star program, open innovation, scale-up, and fund creation.
In conclusion, Incheon City’s focus on customized support for leading software (SW) companies shows its commitment to becoming a blockchain hub city. With the increasing demand for blockchain and artificial intelligence (AI), the city’s efforts to pre-emptively respond to new technologies will be key in fostering local companies to become leading firms in the future.
#Incheon #korea #crypto2023 #blockchain #azcoinnews
This article was republished from azcoinnews.com
Recently, Incheon City announced that three local companies had been selected for the ‘2023 Regional Leading Business Commercialization Support Project,’ a public contest by the Ministry of Science and ICT. The three companies selected are Mondrian AI, JNP Medi, and D35 Co., Ltd. All three companies were chosen through a contest for innovative technologies such as blockchain and artificial intelligence (AI) held by Incheon City prior to participating in the government contest.
The contest project aims to foster software (SW) companies in regions with research and development capabilities and growth potential, providing them with various autonomous support services tailored to their needs to become leading companies with core competencies. The government has secured 576 million won to support these companies, with the total project cost being 1.152 billion won.
Incheon City and the Incheon Technopark Software (SW) Industry Promotion Agency will develop various high-growth programs to nurture these companies into leading firms. These programs will be tailored to the needs of the companies, including technological advancement, domestic and international marketing, testing, technology/management consulting, investment attraction, and internship linkage.
Lee Nam-joo, director of the Future Industry Bureau, said, “I hope that Incheon City’s customized support will contribute to the growth and sales of local companies.” The city is promoting various business support projects to foster future leading companies, such as the Rising Star program, open innovation, scale-up, and fund creation.
In conclusion, Incheon City’s focus on customized support for leading software (SW) companies shows its commitment to becoming a blockchain hub city. With the increasing demand for blockchain and artificial intelligence (AI), the city’s efforts to pre-emptively respond to new technologies will be key in fostering local companies to become leading firms in the future.
#Incheon #korea #crypto2023 #blockchain #azcoinnews
This article was republished from azcoinnews.com
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
🇰🇷 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
South Korea's People Power Party abandons pre-election promise regarding Bitcoin ETF
The People Power Party in South Korea, led by lawmaker Yoon Chang-hyun, planned to announce a commitment regarding virtual assets last week, but its statement was postponed indefinitely.
South Korean politics and cryptocurrencies: Delay and reasons
The People Power Party in South Korea, under the leadership of lawmaker Yoon Chang-hyun, faces public scrutiny after postponing its pre-election promise regarding cryptocurrencies indefinitely. This promise included efforts to ease existing regulations and restrictions for cryptocurrencies, including lifting the ban on local spot bitcoin ETFs. The delay was justified by the need for further coordination with government and financial authorities, indicating significant discrepancies in approaches to regulating virtual assets.
Impact on investors and regulator's stance
The national financial regulator reiterated its ban on cryptocurrency ETFs in January, arguing that virtual assets do not meet the standards for underlying assets set forth in the capital markets law. This move comes despite the recent approval of a spot bitcoin ETF by the United States Securities and Exchange Commission (SEC), signaling increased acceptance of cryptocurrencies on the international stage. However, the South Korean Financial Services Commission maintains a cautious stance, citing investment risks associated with virtual assets and remaining in a position to protect local investors from potential instabilities.
Political promises and international perspectives
The recent announcement by the opposition Democratic Party regarding its promises concerning crypto ETFs highlights growing political competition in this area as the general elections scheduled for April 10 approach. Meanwhile, South Korea's Financial Supervisory Service (FSS) is preparing to gain an international perspective by requesting guidance from the United States Securities and Exchange Commission on spot bitcoin ETFs, indicating openness to dialogue and potential review of existing positions based on international trends and standard practices.
This delay and related political maneuvering reveal the complexity of the relationship between government regulation, financial innovation, and political promises. While regulators and politicians weigh potential risks and benefits, investors and cryptocurrency companies remain in anticipation of clearer and more stable rules for their operations and investments.
$BTC
#BTC #ETF #bitcoin #korea
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
South Korean politics and cryptocurrencies: Delay and reasons
The People Power Party in South Korea, under the leadership of lawmaker Yoon Chang-hyun, faces public scrutiny after postponing its pre-election promise regarding cryptocurrencies indefinitely. This promise included efforts to ease existing regulations and restrictions for cryptocurrencies, including lifting the ban on local spot bitcoin ETFs. The delay was justified by the need for further coordination with government and financial authorities, indicating significant discrepancies in approaches to regulating virtual assets.
Impact on investors and regulator's stance
The national financial regulator reiterated its ban on cryptocurrency ETFs in January, arguing that virtual assets do not meet the standards for underlying assets set forth in the capital markets law. This move comes despite the recent approval of a spot bitcoin ETF by the United States Securities and Exchange Commission (SEC), signaling increased acceptance of cryptocurrencies on the international stage. However, the South Korean Financial Services Commission maintains a cautious stance, citing investment risks associated with virtual assets and remaining in a position to protect local investors from potential instabilities.
Political promises and international perspectives
The recent announcement by the opposition Democratic Party regarding its promises concerning crypto ETFs highlights growing political competition in this area as the general elections scheduled for April 10 approach. Meanwhile, South Korea's Financial Supervisory Service (FSS) is preparing to gain an international perspective by requesting guidance from the United States Securities and Exchange Commission on spot bitcoin ETFs, indicating openness to dialogue and potential review of existing positions based on international trends and standard practices.
This delay and related political maneuvering reveal the complexity of the relationship between government regulation, financial innovation, and political promises. While regulators and politicians weigh potential risks and benefits, investors and cryptocurrency companies remain in anticipation of clearer and more stable rules for their operations and investments.
$BTC
#BTC #ETF #bitcoin #korea
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
$HARD /USDT pair is currently priced at 0.1313, reflecting a slight decrease of -0.68% in the past 24 hours. The price has fluctuated between a high of 0.1373 and a low of 0.1280, with a trading volume of 6.64 million HARD and 879,154.49 USDT.
The support level for $HARD is around 0.1280, and resistance is near 0.1373. The price is currently closer to the support range, which suggests it may test the lower levels, while a break above 0.1373 could lead to a potential rally.
#BTCStateReserves #ETHProspects #VeThorOnBinance #Korea #JobsBoomVsFed $HARD
The support level for $HARD is around 0.1280, and resistance is near 0.1373. The price is currently closer to the support range, which suggests it may test the lower levels, while a break above 0.1373 could lead to a potential rally.
#BTCStateReserves #ETHProspects #VeThorOnBinance #Korea #JobsBoomVsFed $HARD
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