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Korea okbit krw market (SpotedSrypto)

OKBIT's entry into KRW market virtually canceled--"No filing will be made"

According to D-Center, South Korean cryptocurrency exchange Okbit's transition to the Korean won exchange has been abandoned. The company is in talks with SC First Bank to receive a real-name account, but the financial authorities are planning to prevent it from entering the won market, citing a lack

BTC Spot ETF Applicants Address Most Concerns in SEC Meetings

BTC Spot ETF Applicants Address Most Concerns in SEC Meetings

"BTC spot ETF applicants have reportedly addressed many of the SEC's concerns in a series of meetings with the U.S. Securities and Exchange Commission (SEC)," reports The Block, citing multiple sources. "At that time, the SEC explained to the applicants that in order to

Bloomberg "U.S. Startup Offers BTC Certificate of Deposit Product Without Regulator Approval"

Bloomberg "U.S. Startup Offers BTC Certificate of Deposit Product Without Regulator Approval"

Receipes Depositary Corporation (RDC), a financial startup founded by former Citigroup executives, has begun offering bitcoin-based products that do not require U.S. regulatory approval, Bloomberg reports. The products, known as "Bitcoin Depositary Receipts" (BTC DRs), are similar to U.S. certificates of deposit and will be offered

Wannabe Group raises 27 billion won in NFT pyramid scheme... Under police investigation

Wannabe Group raises 27 billion won in NFT pyramid scheme... Under police investigation

On the 4th, Chosun Biz obtained the internal accounting data of Wannabe Group, which is under police investigation for violating the Similar Receipt Act, and revealed that "Wannabe Group raised 272 billion won from October 27, 2022 to March 27 last year through NFT multi-level sales." During this

NH Bank Establishes Blockchain Team... 'CBDC-STO Business' Speeds Up

NH Bank Establishes Blockchain Team... 'CBDC-STO Business' Speeds Up

According to a report by Meconomy News, NH Bank has recently established a blockchain team. For years, Nonghyup Bank has been making various attempts such as building a blockchain platform and actively participating in the Bank of Korea's digital currency (CBDC) test, but the team reorganization is expected

Korea to add virtual assets to prohibited credit card transactions...Financial Services Commission to hold legislative preview of amendments to existing law

Korea to add virtual assets to prohibited credit card transactions...Financial Services Commission to hold legislative preview of amendments to existing law

The Financial Services Commission announced on Feb. 4 that it will hold a legislative preview of a proposed amendment to the Enforcement Decree of the Credit and Specialized Financial Business Act, which includes a motion to add virtual assets to the list of prohibited card transactions, from today until Feb.

South Korea's Financial Services Commission "Overseas criminals can't run domestic coin exchanges... Binance targeted"

South Korea's Financial Services Commission "Overseas criminals can't run domestic coin exchanges... Binance targeted"

Financial authorities have decided to restrict those who have violated overseas financial laws from entering the domestic cryptocurrency market, according to the Seoul Shinmun. According to a document obtained by the newspaper on March 3, the Financial Services Commission will amend the enforcement decree of the Act on Reporting and