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fromnews.bitcoin.com
1 week ago

OKX Targets South Korea Entry With Proposed 20% Coinone Investment

OKX is reportedly seeking to acquire a stake in South Korean exchange Coinone alongside Korea Investment & Securities, in what could become one of the most significant foreign-linked investments in the country's digital asset sector in years. According to industry sources, the two firms are discussing plans to each acquire roughly 20% of Coinone through a capital raise structured around newly issued shares rather than purchases from existing shareholders. The approach would inject fresh capital into the exchange while avoiding immediate changes to management control.
Cryptocurrency
Cryptocurrency
fromnews.bitcoin.com
1 month ago

South Korea Fines Coinone $3.5M, Suspends New User Services for 3 Months Over AML Violations

Coinone was fined 5.2 billion won and faces a 3-month business suspension for failing to verify customer identities and processing trades through unregistered exchanges.
Cryptocurrency
fromnews.bitcoin.com
1 month ago

Ripple Expands RLUSD Access in South Korea With Coinone Listing

Ripple expands RLUSD into South Korea, enabling direct KRW access on Coinone, enhancing stablecoin adoption and liquidity in regulated markets.
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