South Korea’s financial regulator has called for tougher cryptocurrency regulations following an unprecedented operational failure at a major domestic exchange that briefly sent shockwaves through local crypto markets. The incident, involving the accidental distribution of more than $40 billion worth of bitcoin by Bithumb, has renewed concerns about systemic risks, internal controls, and the readiness […]
Momentum is building in Washington around the CLARITY Act, a sweeping proposal aimed at establishing a comprehensive regulatory framework for digital assets in the United States, though key disagreements risk delaying final passage. In a recent research note, analysts at Citigroup said the legislation remains the central catalyst for legitimizing the U.S. crypto sector, even […]
South Korea is moving closer to a formal framework for stablecoins as lawmakers advance a new crypto bill aimed at strengthening oversight while reducing systemic risk. The proposed legislation, known as the Digital Asset Basic Act, seeks to establish minimum standards for virtual asset businesses operating in the country, with a particular focus on stablecoin […]
South Korea’s long planned overhaul of its digital asset regulatory framework has been pushed back to 2026 as disagreements over stablecoin control continue to stall progress. Authorities have broadly agreed on the need for stronger investor protections and clearer rules for exchanges and service providers, but divisions over who should issue and manage stablecoins have […]
