Upbit News
South Korea Crypto Tax: New ‘Quasi-Tax’ Imposed on Exchanges
The Financial Services Commission (FSC) of South Korea has announced an updated regulatory framework following the implementation of the groundbreaking Virtual Asset User Protection Act. The official announcement on August...
KakaoTalk’s Klip Wallet Adapts to South Korea’s Stricter Crypto Rules
South Korea’s messaging app KakaoTalk has announced a reduction in functionality for its integrated crypto wallet, Klip. This move aligns with the country’s upcoming Virtual Asset User Protection Act, set...
DAXA Leads Altcoin Review in South Korea, Aims to Boost Investor Confidence
South Korea plans to systematically assess 1,333 altcoins over the next six months to determine compliance with the nation’s forthcoming user protection legislation, set to take effect on July 19th....
South Korea Tightens Crypto Oversight with New User Protection Law
South Korea is reportedly adopting a new crypto regulatory framework to align with public demand for a national policy supporting financial innovation. Kim Joo-hyun, Chairman of the South Korean Financial...
Korean Won Becomes the Most-Used Currency to Trade Crypto Assets
The Korean won has surpassed the United States dollar as the most-used currency for trading Bitcoin and other digital assets. According to a report from Bloomberg, this uptick is centered...
Upbit Announces Listing of SPACE ID (ID) on Its BTC Market
The leading South Korean cryptocurrency exchange Upbit revealed in an announcement on its blog today that it will be listing SPACE ID (ID) on its Bitcoin (BTC) market. According to...
Upbit Resumes Services After a Major Security Breach: Report
In a dramatic unfolding of events, the crypto market, often thrashed by exploitation and security breaches, recently shook the community with a massive fraudulent deposit incident. On September 21, the...
Upbit Parent Company Sees $124 million Profit in Q3 of 2022
South Korean fin-tech company Dunamu saw a revenue of $205 million and a profit of $124 million. However, the figures are 66% and 76% below the value the firm realized...
