Big news is brewing from South Korea, potentially signaling a significant shift in how the nation handles digital assets. The People Power Party (PPP), a major conservative political force, has thrown its hat into the ring for the upcoming presidential election with a surprising and impactful agenda item: overhauling the current cryptocurrency regulatory landscape. This isn’t just minor tweaking; their sights are set on some fundamental changes that could reshape the environment for South Korea crypto regulation . What’s Happening with South Korea Crypto Exchanges ? At the heart of the PPP’s proposal is a plan to scrap the existing ‘one-bank rule’. Now, you might be asking, what exactly is the one-bank rule? Currently, under South Korean regulations, each registered crypto exchange is required to partner with just one commercial bank. This single bank is responsible for handling real-name accounts for the exchange’s users, verifying identities, and ensuring compliance with anti-money laundering (AML) and know-your-customer (KYC) requirements. It’s a system designed, in part, to keep a tight leash on the crypto market and prevent illicit activities. While intended to enhance security and oversight, this rule has also created bottlenecks and potential dependencies. Exchanges are heavily reliant on their single banking partner, and securing such a partnership has been a significant hurdle for new or smaller exchanges. This can limit competition and innovation within the sector of South Korea crypto exchanges . Scrapping this rule could mean: Increased Competition: More banks could potentially partner with multiple exchanges, or exchanges could partner with several banks, easing the barrier to entry. Reduced Dependency: Exchanges would be less vulnerable to issues or policy changes from a single banking partner. Potential for Innovation: Greater banking flexibility might encourage exchanges to develop new services or features. Paving the Way for Institutional Crypto Trading South Korea Beyond the banking rule, the PPP’s agenda also includes a commitment to establishing a clear legal framework specifically tailored for business and institutional crypto trading. This is a crucial step. While retail crypto trading is widespread in South Korea, the path for larger financial institutions, corporations, or investment funds to directly engage with digital assets has been less clear and more restricted. Why is a dedicated framework important for Institutional crypto trading South Korea ? Legal Clarity: Provides certainty on how institutions can hold, trade, and account for digital assets. Risk Management: Lays down rules for institutional-level risk assessment and compliance. Market Growth: Opening the door to institutional capital could bring significant liquidity and maturity to the South Korean crypto market. Investor Protection: Tailored regulations can offer specific protections relevant to institutional-scale activities. This move signals an understanding that the crypto market is evolving beyond individual investors and that institutions require a different set of guidelines than retail traders. Understanding the Broader South Korea Crypto Regulation Landscape South Korea has a complex history with cryptocurrencies. It’s a nation with high crypto adoption rates among its population, but the government has often approached regulation with caution, sometimes leaning towards strict measures to protect investors and prevent speculation or illegal activities. Previous regulations have included banning anonymous trading accounts (leading to the one-bank rule for real-name accounts) and implementing strict listing requirements for exchanges. The PPP’s proposals, as reported by Herald Economy, suggest a potential pivot towards fostering growth and institutional participation while still maintaining regulatory oversight. It indicates a recognition of crypto’s growing importance in the global financial landscape. Navigating the future of South Korea crypto regulation will be key for both domestic and international players looking to operate or invest in the market. Analyzing the Potential Impact of the PPP Crypto Policy The proposed PPP crypto policy , if implemented, could have far-reaching effects. For individuals, potentially increased competition among exchanges could lead to better services and perhaps lower trading fees. For businesses and institutions, a clear legal framework removes ambiguity and lowers the compliance burden, making direct participation more feasible. However, challenges remain. Crafting effective regulation is complex. It needs to balance innovation and growth with crucial aspects like investor protection, market integrity, and preventing illicit finance. The details of the new framework for institutions and the specifics of how the banking rule change would be implemented will be critical. Benefits: Increased access to banking services for exchanges. Potential for more exchanges to operate legally. Greater clarity and opportunity for institutional investors. Potential for market growth and liquidity. Signals a potentially more pro-innovation stance from the government. Challenges: Ensuring robust AML/KYC compliance without the single-bank bottleneck. Developing a comprehensive and effective legal framework for institutions. Potential for regulatory arbitrage if rules aren’t harmonized. Implementation complexity and timeline. Gaining consensus across political parties and regulatory bodies. What Does This Mean for Crypto Banking South Korea ? The current system ties the legitimacy of an exchange heavily to its relationship with one specific bank for real-name accounts. This has made securing a banking partner a golden ticket, and losing one a potential death knell for an exchange. Changing this dynamic directly impacts Crypto banking South Korea . If the one-bank rule is scrapped, we could see banks becoming more willing to work with crypto exchanges, potentially offering a wider range of services beyond just real-name accounts. This could normalize the relationship between traditional finance and the crypto sector in South Korea, potentially leading to more integrated financial products and services down the line. It’s a move that could transition Crypto banking South Korea from a bottleneck to a facilitator, potentially enabling smoother fiat on/off ramps and greater financial stability for exchanges and their users. Looking Ahead: Actionable Insights What should you take away from this? For Investors: Keep an eye on the election results and subsequent policy developments. Changes could impact the exchanges you use and the overall market liquidity. For Exchanges: This proposal offers hope for a less restrictive banking environment and potentially increased institutional participation. Prepare for potential shifts in compliance requirements. For Institutions: If the PPP wins and implements this policy, South Korea could become a much more attractive market for direct crypto involvement. Start understanding the potential new framework. For the Market: This news adds to the narrative of increasing global regulatory focus and gradual integration of crypto into traditional finance, particularly regarding institutional access. Conclusion The People Power Party’s proposal to scrap the one-bank rule for crypto exchanges and build a legal framework for institutional trading is a significant development in the realm of South Korea crypto regulation . It signals a potential shift towards a more open, competitive, and institution-friendly crypto market in one of Asia’s key economies. While these are currently just proposals tied to an election agenda, they highlight the evolving perspective on digital assets within South Korea’s political landscape. The coming months will be crucial in determining if these bold plans move from proposal to reality, potentially revolutionizing the future of South Korea crypto exchanges and fostering significant Institutional crypto trading South Korea . To learn more about the latest crypto regulation trends, explore our article on key developments shaping crypto market institutional adoption.
April 28th, 2025 – Dubai, Dubai The global crypto exchange BYDFi has announced its official sponsorship of the TOKEN2049 conference in Dubai. At this event, BYDFi will showcase its on-chain trading tool, MoonX , marking its second international appearance after its debut at Paris Blockchain Week (PBW) . This move signifies BYDFi’s formal expansion into the Middle Eastern and broader international markets. TOKEN2049 will take place in Dubai from April 30 to May 1, expecting to attract over 15,000 attendees, including 500 industry leaders and 300+ media outlets. BYDFi will be showcasing its latest products and technological advancements at Booth 45 . BYDFi Completes CEX + DEX Dual-Engine Strategy, MoonX Continues to Grow As part of its 5th anniversary milestone, BYDFi is expanding its platform capabilities through a dual-engine architecture. This strategy enables BYDFi to maintain the efficiency and depth of centralized exchanges (CEX) while embracing on-chain trading through MoonX, responding to the growing demand for decentralized finance (DeFi) solutions. Currently, MoonX supports over 500,000 MemeCoins and emerging high-potential tokens, covering major blockchains such as Solana, BNB Chain, and others. It integrates smart filtering, smart money copy trading, and other features to provide users with a comprehensive on-chain trading experience. Michael, co-founder of BYDFi, stated, “User trading behavior is evolving. While some still prefer the liquidity and efficiency of CEX platforms, others are migrating to DEX for more control over their assets and the potential for on-chain gains. This is not a replacement of trends, but rather a new normal of coexistence between dual tracks.” He further emphasized, “Leading platforms of the future combine centralized trading performance with decentralized ecosystem connectivity. MoonX is a key step in BYDFi’s CEX + DEX dual-engine strategic upgrade,representing our judgment and investment in the next phase of market structure.” 5th Anniversary Special Activities: Online and Offline Interactive Experiences To celebrate BYDFi’s 5th anniversary, the platform is launching the “ Crypto Adventure Journey” : Online Participation: Register a new account and complete simple tasks to receive a $20 exclusive gift pack and platform trial credits. Participate in perpetual contract trading to share in the $10,000 prize pool. Offline Interaction: Following BYDFi’s official X account (@BYDFi_Official), retweet the event post with the hashtag #BYDFiTOKEN2049 to enter the lucky draw and win limited-edition merchandise and platform trial experience. Visiting Booth 45 at the event to experience the on-chain trading product MoonX, participate in interactive tasks, and win Crypto Adventure Gift Packages and mystery gifts. About BYDFi Founded in 2020, BYDFi has grown to serve over 1,000,000 users across 190+ countries and regions. Recognized by Forbes as one of the Top 10 Global Crypto Exchanges, the platform holds multiple MSB licenses, is a member of South Korea’s CodeVASP alliance, and advances the transparency and professionalism of its operations. BYDFi is committed to providing a world-class crypto trading experience for every user. BUIDL Your Dream Finance. Website: https://www.bydfi.com Support Email: cs@bydfi.com Business Partnerships: bd@bydfi.com Media Inquiries: media@bydfi.com Twitter( X ) | LinkedIn | Facebook | Telegram | YouTube Contact Senior Marketing Director Chloe BYDFi Fintech LTD chloe@bydfi.com This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility. Follow Us on X Facebook Telegram Check out the Latest Industry Announcements The post BYDFi Becomes Official Sponsor of TOKEN2049 Dubai, MoonX On-Chain Trading Tool Makes Its Debut in the Middle East appeared first on The Daily Hodl .
Dubai, Dubai, April 28th, 2025, Chainwire The global crypto exchange BYDFi has announced its official sponsorship of the TOKEN2049 conference in Dubai. At this event, BYDFi will showcase its on-chain trading tool, MoonX , marking its second international appearance after its debut at Paris Blockchain Week (PBW) . This move signifies BYDFi’s formal expansion into the Middle Eastern and broader international markets. TOKEN2049 will take place in Dubai from April 30 to May 1, expecting to attract over 15,000 attendees, including 500 industry leaders and 300+ media outlets. BYDFi will be showcasing its latest products and technological advancements at Booth 45. BYDFi Completes CEX + DEX Dual-Engine Strategy, MoonX Continues to Grow As part of its 5th anniversary milestone, BYDFi is expanding its platform capabilities through a dual-engine architecture. This strategy enables BYDFi to maintain the efficiency and depth of centralized exchanges (CEX) while embracing on-chain trading through MoonX, responding to the growing demand for decentralized finance (DeFi) solutions. Currently, MoonX supports over 500,000 MemeCoins and emerging high-potential tokens, covering major blockchains such as Solana, BNB Chain, and others. It integrates smart filtering, smart money copy trading, and other features to provide users with a comprehensive on-chain trading experience. Michael, co-founder of BYDFi, stated, “User trading behavior is evolving. While some still prefer the liquidity and efficiency of CEX platforms, others are migrating to DEX for more control over their assets and the potential for on-chain gains. This is not a replacement of trends, but rather a new normal of coexistence between dual tracks.” He further emphasized, “Leading platforms of the future combine centralized trading performance with decentralized ecosystem connectivity. MoonX is a key step in BYDFi’s CEX + DEX dual-engine strategic upgrade,representing our judgment and investment in the next phase of market structure.” 5th Anniversary Special Activities: Online and Offline Interactive Experiences To celebrate BYDFi’s 5th anniversary, the platform is launching the “ Crypto Adventure Journey” : Online Participation: Register a new account and complete simple tasks to receive a $20 exclusive gift pack and platform trial credits. Participate in perpetual contract trading to share in the $10,000 prize pool. Offline Interaction: Following BYDFi's official X account (@BYDFi_Official), retweet the event post with the hashtag #BYDFiTOKEN2049 to enter the lucky draw and win limited-edition merchandise and platform trial experience. Visiting Booth 45 at the event to experience the on-chain trading product MoonX, participate in interactive tasks, and win Crypto Adventure Gift Packages and mystery gifts. About BYDFi Founded in 2020, BYDFi has grown to serve over 1,000,000 users across 190+ countries and regions. Recognized by Forbes as one of the Top 10 Global Crypto Exchanges, the platform holds multiple MSB licenses, is a member of South Korea’s CodeVASP alliance, and advances the transparency and professionalism of its operations. BYDFi is committed to providing a world-class crypto trading experience for every user. BUIDL Your Dream Finance. Website: https://www.bydfi.com Support Email: cs@bydfi.com Business Partnerships: bd@bydfi.com Media Inquiries: media@bydfi.com Twitter( X ) | LinkedIn | Facebook | Telegram | YouTube ContactSenior Marketing DirectorChloeBYDFi Fintech LTDchloe@bydfi.com Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
With Bitcoin potentially poised to rise higher, many of the altcoins are turning a corner and are also starting to rally. Outside of the top 50 cryptocurrencies by market capitalization, $SONIC, $BONK, and $INJ are among the top movers on Monday. $SONIC primed to surge higher Source: TradingView $SONIC (formerly FTM) looks to have found a bottom, and the price action is now congregating below the $0.26 horizontal resistance level. If this resistance can be overcome, the measured move of a W pattern would take the price up to $0.29, and from here a higher high could be made above $0.298. Going forward, the most important level to break is the next local high at $0.37. There is very thin resistance after this level, and the price could surge from there. $BONK runs into major resistance Source: TradingView Up more than 11% on the day so far, $BONK has outstripped the memecoins, and is doing the same against most altcoins. However, the price has now entered some strong resistance territory and a rejection could be forthcoming. Not only do the bulls need to get above the horizontal resistance at $0.000021, but also the rising trendline. If these first barriers are surpassed, the next major horizontal resistance is at $0.000025. Achieving the swing high at $0.000040 would mean that the $BONK bull market would be very much a going concern again. $INJ still to make a higher high Source: TradingView Up more than 5% on the day so far, $INJ has pushed through the descending trendline, but bulls are still looking to make the first higher high. All being well, this could take place later today. Targets for the potential upside for $INJ are in the chart above in the form of the Fibonacci levels. If all of these levels can be surpassed, the swing high is the ultimate target at $35.20. A major reversal taking place before this level could be reached would mean a failed rally, and a possible descent into a bear market. The stakes are high for $INJ, SONIC, and $BONK. Full advantage of this current rally must be taken. Otherwise, not all of these altcoins may emerge from the next bear market. Extreme caution should be employed by all holders. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
The Stacks Asia DLT Foundation is set to revolutionize Bitcoin adoption in the Middle East through its collaboration with the Abu Dhabi Global Market. This strategic partnership aims to enhance
"Major" U.S. dollar warnings are priming bitcoin for a “geopolitical fragmentation megaforce" shock...
Ethereum's mainnet has been painfully slow and expensive compared to layer-2 networks. However, this may be about to change with the EIP-9698 – a new Ethereum Improvement Proposal put forward by the Ethereum Foundation researcher Dankrad Feist. The initiative suggests a four-year, deterministic plan to scale Ethereum’s the base layer by increasing the gas limit 100 times – from 36 million to 3.6 billion. If implemented, it’d potentially boost throughput from today’s ~20 TPS to around 2,000 TPS. Feist has shared the draft on Github , explaining the motivation behind the initiative. “The current gas limit mechanism relies on miner/operator voting, which lacks coordination and predictability. While flexible, this approach can lead to stagnation or overly cautious increases. By introducing a predictable exponential growth pattern as a client default, this EIP encourages a sustainable and transparent gas limit trajectory, aligned with expected advancements in hardware and protocol efficiency,” the paper reads. The EIP-9698 presumes rolling out two tenfold increases every approximately 164,250 epochs, roughly equalling two years. Feist acknowledges that rapid gas limit expansion may stress under-optimized nodes and increase block propagation times. Nevertheless, he argues that the gradual, epoch-by-epoch schedule gives node operators and infrastructure teams enough time to upgrade their hardware and software. The improvement is highly anticipated. Currently, Ethereum processes roughly 20 transactions per second (TPS) during simple-transaction periods – far below rival high-throughput chains, such as Solana, which averages 800–1,050 TPS. Since its London hard fork in August 2021, Ethereum’s gas limit doubled from 15 million to 30 million, and validators approved a rise to 36 million as recently as February 2025. Still, even with layer-2 rollups, pressure on the base layer remains high during network congestion. If approved, EIP-9698 would mark Ethereum’s first major base-layer scaling effort since London. Meanwhile, developers are advancing EIP-9678 (a four-fold gas limit lift for the Fusaka hard fork, late 2025) and preparing Pectra (May 2025) for other protocol enhancements. Together, these initiatives could reshape Ethereum’s capacity, balancing on-chain throughput with node decentralization.
Grayscale’s Bitcoin Trust (GBTC) leads annual revenue among Bitcoin ETFs, generating $268M despite a significant decline in its assets under management. Despite recording a staggering 70% drop in AUM since
The Stacks Asia DLT Foundation has become the first Bitcoin-based organization to establish an official presence in the Middle East, aiming to promote institutional Bitcoin adoption through expanded educational initiatives. Stacks Asia has partnered with the Abu Dhabi Global Market (ADGM) — one of the world’s fastest-growing financial centers — in a move that could boost the adoption of its Bitcoin ( BTC ) layer-2 (L2) solution in the Middle East and Asia. The new partnership will play a “pivotal role” in shaping the future of Bitcoin’s “programmability and adoption” in these regions through educational programs and support for Bitcoin builders, according to an April 28 announcement shared with Cointelegraph. Through the collaboration, Stacks and the ADGM aim to make it easier for institutions and investors to participate in the growing Bitcoin economy and help set “new standards for regulatory clarity and technical growth” for the rising global Bitcoin capital, according to Kyle Ellicott, executive director at Stacks Asia DLT Foundation. Stacks Asia DLT partners with ADGM. Source: Stacks Asia DLT Foundation Related: Crypto options desk QCP Capital wins Abu Dhabi license: Report “Stacks and ADGM are a powerful combination for accelerating Bitcoin adoption across the Middle East and Asia,” Ellicott told Cointelegraph, adding: “ADGM has established itself as a world-class global financial hub at the heart of the United Arab Emirates, known as the ‘Capitol of Capital,’ where capital and innovation are brought together to shape the future financial landscape.” “We’ll be working to enable the launch of educational programs, regional developer communities, and create opportunities for the real-world adoption of Bitcoin-powered applications,” he said. Starting in May, the foundation will host a series of live and virtual events to “empower institutions” with the knowledge to integrate Bitcoin into their operations and learn about the “opportunity of productive Bitcoin capital,” Ellicott added. Related: Nomura crypto arm Laser Digital bags Abu Dhabi license Stacks Foundation pushing for a “progressive” regulatory environment worldwide As the leading Bitcoin scalability solution, Stacks is also pushing for progressive global regulations that will cement Bitcoin’s role in the future of the financial landscape. “We’re not just focused locally — our team is engaged in global conversations, advocating for frameworks that balance decentralization, security, innovation, and compliance surrounding the unlocking of Bitcoin capital,” Ellicott said. A key part of the strategy involves knowledge sharing with local regulatory bodies to build understanding among government officials about Bitcoin’s characteristics and potential economic impact. The foundation is also developing the Bitcoin Capital Activation Framework, described as a comprehensive policy blueprint to help regulators enable Bitcoin utility in their jurisdictions. The Stacks Foundation will also launch the Bitcoin Policy Bridge in May, a working group uniting regulators from all key jurisdictions across the Middle East and Asia. In February, ADGM signed a memorandum of understanding with the Solana Foundation to advance the development of distributed ledger technology. Magazine: Altcoin season to hit in Q2? Mantra’s plan to win trust: Hodler’s Digest, April 13 – 19
This week, critical economic data from the US will be monitored in Bitcoin. While the data is expected to create volatility on the price, Coinshares published its weekly cryptocurrency report and said that there was an inflow of $3.4 billion last week. “Cryptocurrency investment products saw a total of $3.4 billion inflows last week. This was the largest inflow since mid-December 2024 and the third largest on record.” Bitcoin Took the Big Share! When looking at individual crypto funds, it was seen that Bitcoin ranked first in inflows. While BTC experienced an inflow of $3.18 billion, Ethereum (ETH) experienced an inflow of $183 million. When we look at other altcoins, XRP experienced an inflow of $31.6 million, SUI experienced an inflow of $20.7 million, while Solana (SOL) experienced an outflow of $5.7 million. “Bitcoin was the main beneficiary, attracting $3.18 billion inflows last week. Following an 8-week streak of outflows, Ethereum saw an inflow of $183 million last week. Interestingly, Solana was the only altcoin to see an outflow last week, seeing a total outflow of $5.7 million. Altcoins saw little activity, with the exception of Sui and XRP, which saw inflows of $20.7 million and $31.6 million respectively. When looking at regional fund inflows and outflows, it was seen that the USA ranked first with an inflow of 3.3 billion dollars. After the US, Germany and Switzerland experienced inflows of $51.5 million and $41.4 million respectively. In the face of these inflows, Canada and Brazil experienced small outflows. *This is not investment advice. Continue Reading: US Corporates Are Back! They Bought $3.4 Billion in Bitcoin and Three Altcoins, Only Sold One Altcoin!