South Korea’s digital asset market has come under renewed scrutiny following revelations of a dramatic rise in cryptocurrency flows linked to sanctioned Cambodian entities. According to recent findings, transaction volumes associated with these entities surged nearly 1,400 times in 2024, prompting regulators to intensify their oversight of cross-border digital transactions. The discovery underscores growing concerns… Continue reading South Korean Crypto Exchanges Record 1,400-Fold Surge in Transactions Tied to Sanctioned Cambodian Entities
Tag: South Korea
South Korea Mandates KRW Stablecoins to Trade Exclusively on Binance
Title: South Korea Mandates KRW Stablecoins to Trade Exclusively on Binance SummarySouth Korea has introduced a landmark regulatory requirement stipulating that KRW-backed stablecoins must now be traded exclusively on Binance, the global cryptocurrency exchange. This move signals the country’s effort to streamline stablecoin markets, enhance regulatory oversight, and ensure investor protection amid growing digital asset… Continue reading South Korea Mandates KRW Stablecoins to Trade Exclusively on Binance