South Korea
South Korea’s DAXA Forces Crypto Exchanges to Invalidate Suspicious API Keys
South Korea’s Digital Asset Exchange Alliance (DAXA) has established mandatory compliance standards requiring the country’s major cryptocurrency exchanges to detect and invalidate API keys suspected of being improperly shared or...
Samsung Units Invest $408M for 4% Stake in Dunamu
Samsung Securities, Samsung SDS, and Samsung Card are moving deeper into South Korea’s digital-asset sector by purchasing a $408 million stake in Dunamu, the operator of Upbit. The three Samsung...
South Korea Files First DEX Rug Pull Case Over CATFI
South Korean prosecutors have filed the country’s first criminal prosecution tied to a decentralized exchange rug pull case after charging a group accused of manipulating the Solana-based meme coin CATFI...
Crypto Tax Debate Intensifies in South Korea After 52,000 Signatures
South Korea’s National Assembly is now required to review a petition demanding the removal of the country’s planned crypto tax after the petition crossed the 50,000-signature threshold this week. The...
Tether Files Seven Trademarks in South Korea as Stablecoin Rules Take Shape
Tether has filed new trademark applications in South Korea, placing its name and logo into the country’s public intellectual property system. The filing was submitted on May 14, according to...
South Korea’s KOSPI Slides 10% as AI Stock Sell-Off Deepens: What It Means for Crypto
South Korea’s KOSPI index fell 3.9%, as investors sold technology shares. The decline erased about ₩235 trillion ($160 billion) in market value in one session. Analysts linked the drop to...
South Korean Banking Giant Hana Invests $670 Million in Upbit Operator Dunamu
South Korean banking giant Hana Bank is making a major push into the digital asset industry after approving a massive investment in Dunamu, the company behind the country’s largest cryptocurrency...
South Korea Builds AI Crypto Tax System as Police Probe Tether Laundering
South Korea is expanding its response to crypto-linked financial crime as tax authorities and police move on two connected fronts. The National Tax Service is building an AI-based virtual asset...
South Korea Confirms Crypto Tax Rollout Despite Growing Backlash
South Korea’s Ministry of Economy and Finance confirmed that the country will move forward with virtual asset taxation beginning in January 2027, despite growing criticism from lawmakers, tax experts, and...
South Korean Court Halts Bithumb Suspension Following a Legal Battle
A South Korean court has halted enforcement of a regulatory sanction against crypto exchange Bithumb, delaying a six-month suspension of its operations while legal proceedings continue. The decision pauses one...
Korea Tax Agency Recovers $23M by Tracing Hidden Overseas Assets
South Korea’s tax agency has recovered 33.9 billion won, or about $23 million, in unpaid taxes by tracking down hidden overseas assets, marking one of its most aggressive cross-border enforcement...
Bank of Korea’s New Governor Set to Pursue CBDCs, Ignore Stablecoins
New Bank of Korea Governor Shin Hyun-song has hinted at pursuing flexible monetary policies during his four-year term, which began on Tuesday, April 21, 2026. According to Hyun-song, uncertainty regarding...
Bank of Korea Calls for Crypto Circuit Breakers After Employee Error
South Korea’s central bank is pushing for stock market-style circuit breakers at cryptocurrency exchanges after a single employee error at Bithumb in February sent the equivalent of 60 trillion won...
South Korea Police Probe Crypto-Funded Revenge-for-Hire Network
South Korean police are investigating a revenge-for-hire network that allegedly accepts crypto payments for harassment services. Authorities in Gyeonggi Province identified multiple cases, raising concerns about digital assets being used...
South Korea Busan Court Sentences a Gang Member to 8 Years in Crypto Fraud Case
A Busan District Court in South Korea has sentenced a member of an organized crime group to eight years in prison after finding him guilty of seizing crypto assets, participating...
South Korea Crypto Liquidity Drops 55% as Stablecoin Balances Fall
South Korea’s crypto market is seeing a sharp liquidity drain as stablecoin balances collapse. Meanwhile, capital is rotating into equities amid currency pressure and a booming stock market. On-chain data...
Crypto.com Partners with KG Inicis to Enable Crypto Payments for Tourists in South Korea
Crypto asset adoption in real-world payments is gaining momentum as Crypto.com partners with KG Inicis to roll out crypto payment capabilities across South Korea’s merchant network. The collaboration will integrate...
South Korea Issues Rules for Privacy Coin Seizures
South Korean law enforcement has introduced its first formal guidelines governing the seizure and management of privacy-focused cryptocurrencies, shifting how authorities handle digital assets that are difficult to trace and...
South Korea Slaps Bithumb With $27M Fine and Six-Month Business Suspension
South Korea intensified oversight of cryptocurrency platforms after regulators punished Bithumb for major compliance failures. Authorities imposed a massive financial penalty and a partial business suspension on the exchange. The...
South Korea Deploys AI System to Monitor Crypto Profits Before 2027 Tax Rollout
South Korea is preparing to tighten oversight of cryptocurrency trading by introducing an artificial intelligence–driven monitoring platform designed to analyze digital asset transactions. The initiative comes as authorities move closer...
South Korea to Suspend Bithumb for 6 Months Over KYC Gaps
South Korean regulators are moving to suspend part of Bithumb’s operations, marking one of the toughest crackdowns the exchange has ever faced. South Korea’s Financial Intelligence Unit (FIU) has dropped...
South Korean Courts Consider Writing Off Crypto Investment Debts in Personal Bankruptcy Cases
South Korean courts are preparing to adjust how cryptocurrency investment losses are treated in personal rehabilitation proceedings as the country grapples with rising household debt. Under new judicial guidelines, certain...
Kim Geoseok Donates 100,000 XRP to the Korean Red Cross Society
South Korean philanthropist Kim Geoseok has donated 100,000 XRP, equivalent to 200 million won, to the Red Cross Society. In a recent announcement, the Acting President of the Korean Red...
South Korea’s New Corporate Crypto Rules May Leave Stablecoins Out
South Korea is moving to open its cryptocurrency market to corporations for the first time, but regulators are taking a measured approach, keeping stablecoins off the table for now as...
South Korea to Enforce 20% Ownership Cap on Crypto Exchanges
South Korean officials have reportedly decided to cap how much equity major shareholders can hold in local crypto exchanges, limiting it to 20%. If the rule takes effect, big players...
