South Korea
South Korea Targets Crypto Money Laundering with New Customer Verification Measures
On May 20, South Korea’s Financial Services Commission (FSC) decided to tighten customer identification for non-profit corporations and virtual asset exchanges. This measure is taken to lessen the chances of...
Hyperithm CEO Joins Trump Dinner, While South Korea’s Foreign Workers Embrace Stablecoin Payrolls
Oh Sang-rok, the CEO of Seoul-Tokyo digital asset firm Hyperithm, secured an exclusive seat at a May 22 private dinner with United States President Donald Trump. This invitation, extended to...
All Major South Korean Presidential Candidates Support Bitcoin ETFs
All three major South Korean presidential candidates – Kim Moon-soo (People Power Party), Lee Jae-myung (Democratic Party), and Lee Jun-seok (Reform Party) – have publicly expressed support for the approval...
June 3 South Korean Election May Legalize Spot ETFs and Reshape Digital Asset Access
South Korea’s presidential election race is heating up, and crypto policy is taking center stage. Lee Jae-myung, the presidential candidate representing South Korea’s Democratic Party of Korea (DPK), has pledged...
South Korea Issues New Crypto-Friendly Guidelines: Analysts Suspect Political Motivation
The South Korean Financial Services Commission has enacted a new set of guidelines, allowing the Asian country’s citizens to engage in cryptocurrency transactions. The latest development marks a landmark decision,...
KuCoin Eyes Return to South Korea, Launches $2B Trust Initiative
Global crypto exchange KuCoin signaled its intention to re-enter the South Korean market following a recent regulatory block of its platform there. Announced at the TOKEN2049 event in Dubai on...
South Korea’s Ruling Party to Dismantle Key Restrictions and Expand Access to Crypto Trading
The People Power Party of South Korea has announced a new plan 28 to reshape the nation’s cryptocurrency ecosystem. The proposal includes seven measures to encourage digital asset adoption and...
Bitcoin Beats Gold in South Korea’s Latest Investor Sentiment Survey
A new survey shows that South Korean crypto investors are leaning more toward Bitcoin over gold despite record-high gold prices. In a survey conducted by CoinNess and Cratos from April...
South Korean Man Gets 7 Years for $311 Million Crypto Scheme Fraud
In a sign of increasing regulatory scrutiny within South Korea, an appeals court has handed down a stiff seven-year prison sentence to a man, identified only as Hahm, convicted of...
South Korean Traders Flock to XRP, TRUMP as Upbit Volume Exceeds $3.3 Billion
Trading activity surged on South Korea’s top crypto exchange, Upbit, with XRP gaining notable traction among local traders. The platform recorded a 24-hour trading volume of over $3.3 billion, despite...
South Korean Crypto Investor Survey Points to Q3 for Altcoin Season Start
South Korean crypto traders increasingly expect an altcoin rally in Q3 2025, a new CoinNess and Cratos investor survey reveals. Conducted Apr 14-18 among 2,000 respondents, the poll shows shifting...
GameFi Token WEMIX Caught in Regulatory Crosshairs on Bithumb Exchange
WEMIX, a blockchain gaming token, continues to face regulatory headwinds in South Korea due to a controversial hack and delayed communication by its issuer, Wemade. Now, Bithumb, one of the...
South Korea Tightens Crypto Reins, Blocks Unregistered Apps on Apple Platform
Today, South Korea’s Financial Intelligence Unit (FIU), operating under the Financial Services Commission (FSC), intensified its regulatory actions by blocking access to 14 mobile applications on Apple’s App Store. These...
South Korea’s Top Banks Demand Piece of 16M User Crypto Pie
South Korea’s cryptocurrency market is booming, with more than 16 million citizens—over 30% of the population—now holding crypto exchange accounts. This huge user base has led the country’s top traditional...
Anatomy of a Crypto Scam: S. Korea Exposes $4.85M ACE Token Fraud Tactics
South Korean authorities detailed two fraudulent trading tactics used in the price manipulation of the Fusionist (ACE) token, which resulted in investor losses totaling 7.1 billion won ($4.85 million). Findings...
COMP Price Pumps 31% on Upbit News While Founder Allegedly Sells Millions
Compound (COMP), an early DeFi lending protocol on Ethereum, witnessed a massive 31.01% price surge over the last 24 hours. It currently trades near $50.91, according to CoinMarketCap data. This...
Survey: Nearly 50% of Korean Investors Expect US Tariffs to Harm Crypto Market and Drive Price Drops
A recent survey conducted from March 25 to 28 shows declining optimism among Korean cryptocurrency investors. The survey, which polled 2,000 participants, tracks weekly market sentiment trends. This week, only...
Google Play Store Boots Unregistered Exchanges in South Korea
Google Play Store in South Korea has blocked 17 foreign Virtual Asset Service Providers (VASPs) apps, including those of KuCoin and MEXC, from being accessible to users within the country....
Bithumb Lists ACX, the Cross-Chain Protocol, as Price Surges 44% in 24 Hours: Next Stop $0.71?
South Korea’s second-largest cryptocurrency exchange, Bithumb, has announced the listing of Across Protocol (ACX) on its KRW market. Across Protocol operates as a decentralized cross-chain bridge, designed for secure and...
Crypto Crackdown in South Korea: Upbit Suspended, Bithumb Investigated, Overseas Exchanges Face Action
South Korea’s Financial Intelligence Analysis Unit (FIU) is significantly increasing its enforcement on cryptocurrency exchanges, both within the country and operating internationally. With regulatory compliance under intense scrutiny, the FIU...
Bank of Korea Gears Up for Three-Month “Hangang” CBDC Trial with 100,000 Consumers
The Bank of Korea (BOK) will soon begin a three-month trial program for its central bank digital currency (CBDC), dubbed “Hangang.” Scheduled to start in April, this test aims to...
Bitcoin Not Suitable for Reserves, Says South Korea’s Central Bank
South Korea’s central bank is taking a hard pass on Bitcoin. The Bank of Korea (BOK) says it has no intention of including Bitcoin in its foreign exchange reserves, citing...
South Korea to Release Institutional Crypto Investment Guidelines in Q3 2025
South Korea is set to introduce new guidelines in the third quarter of 2025 to help with institutional investment in cryptocurrencies. The initiative is led by the Financial Services Commission...
XRP Search Popularity Surges in Korea, Doubling Bitcoin Searches but BTC Leads Mentions
Last week, XRP dominated the cryptocurrency search category of the Korean internet community, highlighting the increasing interest in the altcoin and its development. However, Bitcoin, the pioneer cryptocurrency, remained ahead...
Ripple Partners with BDACS to Expand Institutional Crypto Custody in South Korea
Ripple President, Monica Long, used X to point out how important institutional adoption of digital assets is in South Korea. To that end, she announced Ripple’s new partnership with BDACS,...
