Dunamu

Samsung SDS is discussing stablecoin infrastructure and AI-based payment models with Dunamu, the operator of South Korean crypto exchange Upbit.

Dunamu, the parent company of Upbit, is undergoing a sanction process nearly eight months after a $30 million hack. The severity of sanctions remains unclear due to a lack of direct provisions in South Korea's current crypto law for hacking or IT failures.

South Korea's Virtual Asset User Protection Act lacks explicit sanctions provisions for hacking and computer system incidents, leading to uncertainty in penalties. A regulator has initiated sanctions proceedings against Dunamu.

Samsung and Dunamu, Korean firms, claim they were listed as members of the OUSD stablecoin consortium without prior official consultation. The report highlights their assertion that their inclusion was not discussed with them.

Samsung Securities, Samsung SDS, and Samsung Card have collectively invested $408 million to acquire a 4% stake in Dunamu, the operator of cryptocurrency exchange Upbit. The investment aims to prepare Korean firms for emerging tokenized securities and stablecoin frameworks.

Samsung units are acquiring a $408 million stake in Dunamu, the operator of South Korea's leading cryptocurrency exchange Upbit. This move reflects major institutions in the country expanding into digital assets ahead of regulatory developments in the crypto sector.

South Korea's Financial Services Commission is reviewing Hana Bank's $668 million stake in Dunamu under banking rules. The review is based on 'banking-commerce separation' rules that limit bank ownership tied to crypto firms. Hana Bank's stake is valued at $668 million.

Hana Bank has invested $669 million in Dunamu, the operator of Upbit. This investment signals a significant development in the financial and cryptocurrency sectors. The deal highlights Hana Bank's interest in the growing crypto market.

Hana Bank is acquiring a $670 million stake in Dunamu, the operator of Upbit. This investment indicates a significant move by Hana Bank into the digital asset space. The deal highlights growing interest in cryptocurrency exchanges.

Hana Financial is acquiring a 6.55% stake in Dunamu, the operator of Upbit, for $668 million, making it the fourth-largest shareholder. This move follows several crypto-related deals in the last two months as Hana Financial expands into the digital assets sector. The acquisition marks a significant investment in the cryptocurrency space.

Hana Bank has acquired a $670 million stake in Dunamu, the parent company of cryptocurrency exchange Upbit, by purchasing 2.28 million shares. This acquisition grants Hana Bank a 6.55% stake, positioning it as the fourth-largest shareholder in the company.

South Korea's Hana Financial, POSCO International, and Dunamu (operator of Upbit) have launched a blockchain-based remittance system for live trade transactions. The collaboration marks a significant step in adopting blockchain technology for financial services.