#South Korea

Highlights: South Korea is tightening crypto registration rules to improve oversight of exchanges and other digital asset businesses. Crypto firms will face stronger checks on owners, AML systems, staff, finances, and technology before approval. The new rules start August 20 […]

Highlights: The crypto travel rule will now cover every transfer between registered crypto exchanges in South Korea. Crypto firms must verify transfer details and can reject transactions with missing information. South Korea will introduce stricter AML checks for overseas exchanges […]

Highlights: The South Korean crypto tax could be delayed until 2030 if lawmakers approve Jeong Seong-guk’s new amendment. People Power Party lawmakers say investors need stronger protections before cryptocurrency taxation begins. A separate opposition bill seeks to remove the cryptocurrency […]

Highlights: Dunamu will manage seized police crypto through Upbit Custody under a one-year contract. The contract carries an earlier procurement value of 267 million won, about $195,000. Police require 24-hour monitoring and full compensation if custodial assets disappear. South Korea’s […]

Highlights: South Korea plans to begin taxing crypto gains next year after delaying the policy three times. Investors will receive a 2.5 million won deduction before a 20% tax applies to additional gains. Officials are also preparing stablecoin, exchange, disclosure, […]

Highlights: KB Kookmin Bank will launch JPMorgan’s Kinexys-powered cross-border payment service for trade companies in August. The first phase will support U.S. dollar corporate transfers across South Korea, Singapore, and eight other countries. Kinexys enables near-real-time, 24/7 payments and automated […]

Highlights: South Korea’s five major crypto exchanges recorded about 8.06 trillion won in weekly trading volume. Weekly trading activity fell for a sixth straight week, reaching its lowest level in three years. Upbit and Bithumb remained dominant, handling 92.75% of […]

Highlights: South Korea plans to bring virtual assets under a new national asset management law. The proposed law would give virtual assets, financial assets, and intellectual property their own management rules. The government is also considering tokenizing state-owned property, but […]

Highlights: South Korea plans a 2027 test of tokenized government bonds using the central bank’s digital currency system. The pilot could speed bond trading by allowing payments and ownership transfers to happen together. South Korea also wants the system to […]

Highlights:  Toss has sealed a partnership deal with Optimism and Sunnyside Labs to improve South Korea’s payment system. The companies will run a three-month technology test to identify ideal blockchains for the infrastructure services. Part of the agreement also involves […]

Highlights: South Korea’s Supreme Court plans October rules for seizing and selling crypto in civil cases. Debtors would be barred from moving seized crypto after courts issue official seizure orders. Courts could sell seized crypto through service providers or transfer […]

Highlights: South Korea reported around 40 unregistered crypto platforms to investigators and warned users about serious financial risks. Illegal operators target users through YouTube, Telegram, and social media with promises of high returns and tips. Authorities warn that running an […]