South Korea

The Financial Services Commission (FSC) of South Korea has announced an updated regulatory framework following the implementation of the groundbreaking Virtual Asset User Protection Act. The official announcement on August...

South Korea’s plans to tax cryptocurrency gains have faced another setback, with a potential delay pushing implementation as far back as 2028. The revised proposal awaits approval, with the government...

Infinite Block, the only South Korean crypto firm to secure a Virtual Asset Service Provider (VASP) license until now, has announced support for XRP Ledger (XRPL), the open-source, public blockchain...

South Korea is ramping up efforts to combat fraud and cybercrime in the cryptocurrency market, unveiling a new joint response system aimed at curbing hacks and unfair trading practices. Lee...

South Korea is reportedly adopting a new crypto regulatory framework to align with public demand for a national policy supporting financial innovation. Kim Joo-hyun, Chairman of the South Korean Financial...

South Korea’s financial watchdog has warned against the introduction of spot crypto Exchange-Traded Funds (ETFs), arguing they could harm the nation’s economy and financial stability. A section of the recently...

According to reports, the Digital Asset eXchange Alliance (DAXA), a consultative body of South Korea’s top cryptocurrency exchanges, has extended its close monitoring of the Gala (GALA) token. The extension...

South Korea’s cryptocurrency market faces a sweeping regulatory crackdown. Starting in July, approximately 600 virtual assets will be evaluated against new standards, with those failing to comply facing potential delisting....

South Korea’s financial regulators have issued new guidelines under the “Virtual Asset User Protection Act” to clarify which NFTs fall under virtual asset regulations. The Act, which takes effect on...

The Kimchi Premium, often regarded as a gauge of South Korea’s interest in cryptocurrencies, has been consistently decreasing, hitting 1.54% on a recent Friday afternoon in Asia. This metric reflects...

South Korea is set to embrace the importance of digital asset regulations and vigilance with the decision to turn its temporary crypto crime unit into a permanent one, according to...

The Korean won has surpassed the United States dollar as the most-used currency for trading Bitcoin and other digital assets. According to a report from Bloomberg, this uptick is centered...

South Korea’s April 10 legislative elections could reshape its political and crypto landscape. President Yoon’s PPP and the DPK vie for control amid rising crypto policy influence in politics. Over...

Leading political parties in South Korea are pledging crypto-related incentives to garner support from voters ahead of the country’s upcoming parliamentary elections. The opposition Democratic Party has promised to remove...

South Korea’s National Tax Service is taking proactive steps to tackle tax evasion in the realm of virtual assets. Bitcoin hit a new ATH of $70,000 over the last week...

Bitcoin is reaching new heights in South Korea, with its price premium achieving a 2-year record of 10% in the country, according to the co-founder and CEO of the crypto-analytics...

According to a report revealed by a local media outlet, Herald Business Daily, South Korea’s ruling People Power Party has proposed postponing the taxation on crypto investment gains as a...

A Seoul High Court has declared Lee Jeong-hoon, the former chairman of cryptocurrency exchange giant Bithumb, not guilty of allegations brought by prosecutors, according to a report from a local...

South Korea warns against the domestic brokerage of the US-listed bitcoin ETFs. The country does not intend to lift the ban on exchange-traded funds or cryptocurrencies. The move came following...

The South Korean government has taken a decisive step towards safeguarding virtual asset users and ensuring a secure trading environment in the crypto market. Under the Financial Services Commission, South...

A prominent figure in the crypto community has called out South Korea’s National Pension Scheme, criticizing the agency for its investment adventure with the leading U.S.-based crypto exchange Coinbase. In...

South Korea has banned short-selling until at least June 2024. Shares in South Korea rose Monday morning, with the country’s benchmark Kospi gaining 4%. The reason for the ban is...

In the ever-evolving and highly vulnerable crypto space, the community is often advised to use decentralized exchanges (DEX) and centralized exchanges (CEX), cautioning against the probable security risks. While the...

South Korea’s customs agency recently highlighted crypto trading’s role in illegal forex transactions. The Financial Services Commission (FSC) has also taken note of OTC crypto trading’s role in financial crimes....

XRP, the world’s fifth-ranked cryptocurrency, has dethroned Ethereum, the world’s second-largest cryptocurrency, as the most popular altcoin in South Korea. According to a South Korean news outlet report, cryptocurrency users...