South Korea

Highlights: South Korea is preparing rules to bring overseas crypto transfers under foreign exchange supervision. Fintech firms could enter the market if they meet registration, reporting, and operational requirements. Regulators want stronger oversight to reduce illegal foreign exchange activity and […]

Highlights: South Korean police arrested 56 people over crypto money laundering linked to phishing crime proceeds. Suspects allegedly used Tether and crypto exchanges to illegally move nearly 16.8 billion won. Police traced thousands of accounts and found 265 phishing cases […]

Highlights: South Korea and Chainalysis aim to improve how investigators track stolen crypto across multiple countries and blockchains. South Korean police will receive specialized blockchain-investigation training through the new partnership with Chainalysis. North Korea-linked hackers stole more than $2 billion […]

Highlights: Bitcoin held above $60,000 as QCP said weak global sentiment pressured risk assets. QCP said South Korea’s KOSPI selloff showed investors are becoming cautious on AI stocks. Crypto traders remained defensive as ETF outflows, macro pressure, and Strategy concerns […]

Highlights: South Korea has introduced a new standard that allows exchanges to invalidate API keys. Crypto trading is facing tighter oversight as regulators target spoofing and coordinated trading schemes. Exchanges will implement IP whitelisting and stronger account access controls. South […]

Highlights: South Korea’s crypto trading activity dropped to just 8% of KOSPI stock market trading volume in May. South Korean investors shifted capital toward semiconductor stocks as crypto demand weakened. The negative Kimchi Premium showed weaker Bitcoin buying demand among […]

Highlights: South Korean police are cracking down on illegal crypto shops used to launder stolen money. Criminal groups convert stolen cash into Tether to move funds overseas and avoid detection. Police will train investigators in crypto tracing and have secured […]

Highlights: South Korea will require registration for firms handling overseas crypto transfers. Exchanges and custody firms now face direct finance ministry oversight. Illegal foreign exchange violations may draw tougher penalties. South Korea has approved foreign exchange rules that place cross-border […]

Highlights: South Korea will tax virtual asset gains from January 1, 2027. Gains above 2.5 million won will face a combined 22% rate. Critics want capital gains treatment and loss carryforwards before the rollout. South Korea has confirmed that taxation […]

Highlights: South Korea’s FIU will meet crypto exchanges to discuss controversial new anti-money laundering rules. DAXA warns the new reporting rules could increase suspicious transaction reports by 85 times. Final crypto rule changes may be confirmed around July after public […]

Highlights: Shinhan Card has tapped Solana to test stablecoin payments in real customer and merchant transactions. The company is testing wallet security, stability, and how users manage assets during payments. DeFi tools and real-world data help process payments faster through […]

Highlights: The South Korean tax administration is gearing up to tax cryptocurrency profits from January 2027. Domestic exchanges will provide trading information to help calculate investors’ crypto gains and losses. But political resistance still raises doubts about the start of […]