South Korea
Crypto Exchanges Ranked: Binance Leads Spot Volume in 2024
Binance maintained the lead as the cryptocurrency exchange with the highest cumulative spot volume in 2024. The centralized exchange solidified its dominance, capturing 46.59% of the total market share with...
Bithumb Signs with Kookmin Bank, Challenges Upbit for Market Lead
Bithumb’s partnership with KB Kookmin Bank will likely reshape South Korea’s crypto market. This change, effective March 24, from Nonghyup Bank to Kookmin Bank, is a strategic move to attract...
South Korea’s Bithumb Adds DEEP Token With Trading Incentives
Cryptocurrency exchange Bithumb will list DeepBook Protocol (DEEP), the utility token of the Sui-based liquidity layer. The token will be available for trading on the KRW market starting at 3:00...
South Korea’s Jeju Island Leads Blockchain Tourism Push
South Korea’s Jeju Island has launched NFT-based tourism cards that offer digital perks and travel incentives to attract younger visitors, and by using blockchain technology, Jeju is becoming a leader...
Retail Traders Push XRP to New Heights in South Korea
Excitement around XRP keeps building with the digital asset now dominating trading volumes on South Korean exchanges; a precedent for a price rebound, and so is earning a lot of...
South Korea Targets VASP Accountability With New Proposal
A South Korean lawmaker has proposed an amendment to better protect users of virtual assets in the country. Kim Hyun-jung, a member of the Democratic Party of Korea (DPK), therefore...
XRP Beats Bitcoin and Ethereum in South Korea: $1B Trading Volume Surge
XRP trading volumes on South Korea’s top crypto exchanges have surged past Bitcoin (BTC) and Ethereum (ETH), crossing $1 billion in 24 hours. In the last 24 hours, total XRP...
South Korea’s Crypto Investors Top 15 Million, 30% of the Population, as Trading Volumes Surge
Crypto investors in South Korea grew to 15.59 million in November, with 610,000 new participants joining in just one month. Trading volumes on the nation’s top crypto exchanges soared to...
South Korea Crypto Investments Surge: 30% of Population Now Owns Digital Assets
South Korea sees a surge in crypto investments. The total number of virtual asset investors is now 15.59 million. This is over 30% of the population. Data from the Bank...
South Korea Crypto Regulation: New Bill Targets Money Laundering
The South Korean government wants to amend its Foreign Exchange Transactions Act. The amendment would require virtual assets service providers (VASPs) involved in cross-border transactions to register under the new...
XRP Surpasses Bitcoin as South Korea’s Crypto Trading Favorite
XRP is a top performer in South Korea’s crypto market, with its trading volume surpassing Bitcoin’s. This surge coincided with a spike in XRP’s price to $50.17 on a leading...
Crypto Fund Recovery in South Korea Marks New User Protection Step
South Korea’s Digital Asset Protection Foundation is now accepting deposits from crypto service providers that have shut down. The foundation recently announced that it has received deposits from five operators:...
South Korean Court Upholds Hancom Crypto Scandal Verdict
A South Korean court denied the appeal of the Hancom Group chairman’s son, upholding his prison sentence for creating slush funds using crypto. Specifically, the court had sentenced Kim’s son...
XRP’s South Korea Slump: Political Unrest Sparks Price Crash
XRP’s price crash in South Korea highlights the crypto market’s sensitivity to political events. Last Tuesday, the president’s declaration of martial law triggered a flash crash across global markets, hitting...
Crypto Tax Delayed as South Korea Pushes Pro-Investment Reforms
South Korea’s National Assembly will likely approve significant tax law changes during its plenary session on December 10. The proposed amendments include abolishing the financial investment income tax and also...
South Korea’s Financial Overhaul Includes Ending Capital Gains Tax
South Korea’s Democratic Party of Korea (DPK) is moving to abolish the capital gains tax on financial investments, with a decision expected during the National Assembly’s final regular session on...
Why South Korea’s Crypto Market Belongs to Altcoins
Cryptoquant CEO Ki Young Ju says South Korea is a region where every season is altcoin season. In a recent post on X, the crypto analyst showed that altcoins make...
South Korea’s Jeju Aims for Cashless City With Blockchain
Jeju, South Korea’s special self-governing province, has announced plans to implement digital payments for cross-border transactions. The province included the digital payments initiative in its “Jeju AI and Digital Transformation...
$19B Leaves South Korean Banks—Heading Straight to Crypto and Stocks
South Korea’s crypto market is seeing a surge as investors shifted 27 trillion won ($19.2 billion) from demand deposits in banks to higher-risk assets, including cryptocurrencies and stocks. Market observers...
South Korea’s Crypto Tax Reform Stalls as Parties Debate Timelines
South Korea’s proposed tax regime for crypto-related ventures met a bottleneck when the country’s National Assembly’s Strategy and Finance Committee failed to convene its plenary session. The legislators could not...
South Korea Signs OECD Crypto Reporting Agreement, Eyes 2027 for Implementation
South Korea has signed the OECD agreement on crypto reporting among member nations. The country’s Ministry of Economy and Finance announced on November 27 that it had officially signed the...
Crypto Tax Debate Heats Up in South Korea: What’s at Stake?
The South Korean National Assembly postponed a plenary session originally scheduled for November 26 due to political conflicts over the proposed taxation of virtual assets. The Strategy and Finance Committee...
South Korea Debates Crypto Tax Bill Today: What to Know
South Korea’s National Assembly will discuss the crypto taxation bill today, November 25, at 14:00 KST, during a session of the tax subcommittee. Representatives from both ruling and opposition parties...
South Korea Confirms Crypto Tax in 2025 With Revised 20% Scheme
Jin Sung-joon, Chairman of the Korean Democratic Party’s policy committee, has confirmed that crypto taxation will begin in January 2025. Addressing concerns about technical and practical challenges during an interview...
South Korea Confirms 2025 Crypto Tax, Eyes Overseas Transactions
South Korea reaffirmed its plan to tax virtual currency gains starting January 1, 2025, after a series of delays that pushed back the policy from its original 2022 launch date....
