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South Korea

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April 2022

DOGE jumps on Twitter deal; Australian crypto ETFs delay

Dogecoin skyrockets as Elon Musk’s Twitter deal finalizes. Meanwhile, a Korean music platform registers NFTs patent.

Crypto industry looks to the UAE; Crypto’s environmental concerns

More crypto players are eyeing the UAE as a hub. Meanwhile, a mysterious map sends Pudgy Penguin NFTs skyrocketing.

Be kind, rewind! South Korea’s Cyworld is back in Web 3.0 avatar

Time to dust off your Dotori. The social media platform that once reigned in South Korea is trying to make a grand comeback with in-game crypto, NFTs and the metaverse.

MobiKwik pulls crypto support; Twitter NFT hacker strikes again

In India, Mobikwik yanks crypto support. Meanwhile in the cyberspace, a Twitter hack promotes a fake NFT drop.

Coinbase India setback; Hong Kong’s Bitcoin ATMs

Coinbase’s launch in India is off to a rocky start. Meanwhile, Bitcoin ATMs grow in Hong Kong.

US sanctions Russian darknet market; Indian MP’s crypto warning

South Korea’s Kakao Group acquires SEBC. Meanwhile in India, an MP reveals the government’s plans for the crypto industry,

China’s e-CNY push; India’s crypto tax kicks in

India’s long-awaited crypto tax comes into effect. Meanwhile, China expands the digital yuan program.

FastForkast headlines

South Korean crypto CEO, soldier, sold military secrets to North Korea for Bitcoin

South Korean police arrest man behind NFT sale of cat-like character CatSle

S.Korean music sharing platform to use NFTs for copyright protection

Cryptocurrency investors in South Korea catch a break on ‘Travel Rule’

South Korea approves fifth cash-to-crypto exchange

S.Korea eyes restraints on crypto unicorn Dunamu over monopoly concerns

Hyundai Motor drives into metaverse branding with Meta Kongz NFT project

T Scientific to acquire 60% of S.Korean crypto exchange Hanbitco for $19.5 mln

South Korea’s ‘crypto friendly’ president seeks STO, IEO oversight

First S.Korean bank issues crypto accounts for corporations

South Korea’s Kakao to buy into Japanese crypto exchange

South Korean banks seek green light on crypto

April 2022

Russia’s bitcoin for oil proposal; Crypto market makes gains

Russia considers a bitcoin for oil proposal. Meanwhile, crypto markets make gains after weeks of volatility.

DeFi, NFT access at stake as FATF travel rule takes effect in South Korea

Flexibility allowed in new rule requiring crypto companies to comply with anti-money laundering guidelines leads to some confusion.

India’s crypto GST plan; Australia’s crypto reforms

South Korea prepares for the imposition of FATF travel rule heat up. Meanwhile in Australia, reforms are set to be introduced for the crypto sector.

Ukraine legalizes crypto; Korea’s crypto policy ideas

Ukrainian President signs a digital assets bill into law. Meanwhile in China, Cannan plans to buy back shares.

Singapore’s crypto future; Korea “White Day” NFTs a hit

Singapore’s image as a “crypto hub” may soon change as the country doubles-down on it’s stance that crypto currency is “not suitable for the general public”. Meanwhile, Korean convenience store giants CU launch their White Day NFT competition.

A crypto bull wins the presidency: What it means for South Korea

ICOs, revamped taxation, and investor protection reverse a past crypto reluctance under the incoming administration.

Sanctions expand for Belarus; Korea’s crypto promises

As the Russia-Ukraine conflict rages on, the European Union says that crypto is included in the sanctions against Russia and Belarus. Meanwhile, South Korean President-Elect Yoon Suk-Yeol’s term in office could bring about long awaited changes in the crypto sector.

Korean exchanges block Russians; Crypto’s role in conflict

As the war in Ukraine enters it’s second week, we take a look at how cyptocurrencies and digital assets can play a role in a conflict.

Russian accounts frozen in Korea; China’s Two Sessions beckons

Crypto donations on the rise for Ukraine as Russian aggression continues. Meanwhile in Asia, China’s Two Session’s are set to begin – could Ukraine and crypto be a part of the agenda?

Ukraine fundraising gathers pace; Korea’s crypto election?

Support for Ukraine in the crypto world grows as Russia’s attack continues. Meanwhile, hackers gives American tech giant an ultimatum.

FastForkast headlines

South Korean banks seek green light on crypto

S.Korea tosses travel rule private wallet compliance to exchanges

South Korea’s second-largest conglomerate to issue own cryptocurrency

Plant a tree in metaverse, and S.Korea will plant two in fire-damaged forest

S. Korean exchanges set stage for Friday’s travel rule arrival

Shinhan Card sends all employees to metaverse training camp

S.Korean crypto industry calls for local language white papers

LG first in S.Korea cosmetics industry to digitize beauty brand with NFTs

Ripple proposes S. Korea distinguish between cryptocurrencies for regulatory clarity

20,000 line up for S.Korean convenience store’s NFTs on White Day

ICON surges 60% as South Korea elects new president

S.Korean presidential hopefuls campaign to avatars in the metaverse

S.Korean presidential candidate issues over 22,000 NFTs

Four more South Korean crypto exchanges block Russian IPs

S.Korean crypto exchange freezes around 20 Russian accounts

Over half of S.Korea crypto traders are in their 30s and 40s

Ukrainian Bitcoin ATM producer eyes Asia expansion

March 2022

Ukraine’s crypto demand soars; Russian sanctions tighten

Trading volume on Ukrainian crypto exchanges triples as Russia continues its attack on Ukraine. Meanwhile, there is still no sign of Russia using crypto to evade sanctions yet,

Why India’s Bitcoin premium is now higher than South Korea’s

The RBI is casting a cloud of regulatory uncertainty over the local digital assets industry, but the nation’s Bitcoin premium shows India wants crypto. 

Korea’s KB embraces crypto; China’s NFT fever

NFTs hit resale market in China despite criticism over speculation. Meanwhile, South Korean financial giant plans crypto funds.

South Korea struggles to prevent sexual harassment of minors in the metaverse

While the government cultivates the booming metaverse industry, experts say laws fail to protect youth from abuse within virtual and digital realms.

Korea’s crypto unicorns; Hong Kong’s e-CNY pilot

Korea’s crypto sector spawns two unicorns, meanwhile Hong Kong is set to be an idea cross-border e-CNY test city.

RBI chief’s crypto warning; Korean crypto execs jailed

Reserve Bank of India’s chief sends crypto warning. In addition, Korean crypto execs gets jailed

Guilty verdicts handed down in S.Korea’s biggest crypto scam

Seven executives of scam crypto exchange V Global were found guilty on Friday and sentenced to jail time — but it might not be enough to console victims.

FastForkast headlines

Ukrainian Bitcoin ATM producer eyes Asia expansion

South Korean crypto businesses scramble to meet FATF travel rule

Second K-pop agency taps Binance for NFT partnership

Animoca Brands, K-pop agency Cube form metaverse joint venture

NFT credit card in the works for top S. Korean crypto exchange

South Korea sees new metaverse ETF while forerunners lag in profit

South Korea’s largest financial group mulls crypto ETFs

South Korean university to issue NFTs to all 2,830 graduates

Two crypto exchanges reach unicorn status in South Korea

Fifth S.Korean crypto exchange crosses regulatory finish line

S.Korean regulators to strengthen watch over NFTs and the metaverse

Samsung-backed university to issue NFTs to select graduates

S.Korean gaming giant Netmarble partners with Binance for GameFi

Kakao Games rebrands subsidiary to focus on crypto, blockchain, Web 3.0

Exchange to drop NFTs for each S.Korean medal at Beijing Olympics

Binance, BLACKPINK’s K-pop agency to develop NFTs, other projects

‘Baby Shark’ to bite into P2E pie with planned mobile game

February 2022

Russian ministry against crypto ban; Korea plans metaverse protection

Russian Ministry of Finance against the latest crypto ban, meanwhile in Korea, there are plans to protect metaverse users.

FastForkast headlines

‘Baby Shark’ to bite into P2E pie with planned mobile game