Korea Joongang Daily
Korea JoongAng Daily

Criminal ring nabbed for alleged laundering of 150 billion won of cryptocurrency

Korea's customs authorities said Monday they have uncovered an international crime ring accused of laundering about 150 billion won ($101.7 million) worth of cryptocurrency through an unauthorized foreign exchange scheme.

2026-01-19

Where does Korea stand on stablecoin adoption?

From buying coffee at Starbucks to purchasing lipstick at Olive Young, a growing number of Koreans are embracing stablecoins for everyday payments, often through overseas third-party payment platforms.

2026-01-12

Turkmenistan, one of the most isolated nations, legalizes crypto mining and exchanges

Turkmenistan, one of the world’s most isolated nations, officially legalized mining and exchanging cryptocurrency on Thursday in a major shift for the country's tightly controlled, gas-dependent economy.

2026-01-02

Wanted by the FBI for $7 million: North Korea’s crypto heist money launderer

The U.S. Federal Bureau of Investigation (FBI) has put a $7 million price on Sim Hyon-sop, an alleged financial fixer for North Korean leader Kim Jong-un’s regime.

2025-12-26

Upbit lost more than 100 billion crypto coins in less than an hour in November data breach

More than 100 billion cryptocurrency coins were stolen from crypto exchange Upbit in just 54 minutes during a hack last month, according to a lawmaker’s office on Sunday.

2025-12-07

Won-based stablecoin legislation unlikely this year as BOK, regulators clash over banks' role

Legislation for won-based stablecoins is stalled due to disagreements between regulators and the Bank of Korea on bank ownership. Concerns about innovation and market participation persist as firms hesitate amid unclear regulatory guidelines.

2025-11-25

Bitcoin falls below $100,000 for the first time since June

Bitcoin, the largest cryptocurrency by market capitalization, fell below $100,000 for the first time since June.

2025-11-05

Cryptocurrency transfers between Korea, Cambodia skyrocketed in 2024, investigation finds

The flow of U.S. dollar–pegged stablecoins between major Korean cryptocurrency exchanges and a Cambodia-based exchange accused of money laundering surged nearly 1,400-fold in 2024, raising concerns that local platforms may have been exploited.

2025-10-27

Authorities approve Binance's acquisition of Korean crypto exchange

Binance, the world's leading cryptocurrency exchange, has finalized its acquisition of a Korean crypto exchange, taking its first step to enter the local digital assets market.

2025-10-17

US charges Cambodian executive in massive crypto scam and seizes more than $14 billion in bitcoin

The U.S. government has seized more than $14 billion in bitcoin and charged the founder of a Cambodian conglomerate in a massive cryptocurrency scam.

2025-10-15