#South Korea

Highlights: South Korea plans to let crypto exchanges suspend deposits and withdrawals immediately when they suspect a hacking attempt. The FSC wants exchanges to monitor security around the clock and respond quickly to potential cyberattacks.  Regulators also plan stronger cold […]

Highlights: South Korean crypto exchange Gopax has suspended all trading, deposits, and withdrawals to strengthen customer asset security. Gopax plans to move all customer cryptocurrency into cold wallets following recent security breaches and regulatory concerns. Gopax canceled all pending trading […]

Highlights: South Korea plans to delay its cryptocurrency tax until 2029, marking a fourth postponement if lawmakers approve. The government wants more time to improve crypto tax rules and track transactions on overseas exchanges. South Korea also proposes allowing investors […]

Highlights: South Korea’s FSC held an emergency meeting with major crypto exchanges following the $6.3 billion Binance hack. Regulators urged crypto exchanges to increase cold wallet storage, strengthen withdrawal security, and review reserve funds. The FSC called for real-time transaction […]

Highlights: Bithumb confirmed a data breach that exposed the personal information of 844 customers and 715 employees and contractors. The exchange said another 5,600 customer records were involved, but their encrypted data remained unreadable. Bithumb found no evidence of trading […]

Highlights: South Korean crypto exchange Bithumb reported an employee data breach, but said customer crypto wallets remained safe. Daishin Securities reported a data leak affecting 38,490 customers, while Mirae Asset also faced suspicious access. South Korean regulators launched security checks […]

Highlights: South Korea may delay its planned crypto tax until 2029, though lawmakers have not approved changes. Under current rules, crypto gains above 2.5 million won annually would face a combined 22% tax. Officials cite difficulties tracking overseas crypto trades, […]

Highlights: South Korea will meet with major crypto exchanges on October 20 to discuss concerns over its planned tax. Crypto exchanges want clearer tax rules for staking, airdrops, and DeFi transactions before the January 2027 launch. Lawmakers are pushing to […]

Highlights: Japanese tourists could soon use stablecoins to pay at South Korean businesses under a new partnership. The partnership also includes Everspin and SBI Everspin to develop AI-powered security for cross-border financial transactions. The companies will test payment systems, refunds, […]

Highlights: South Korea is tightening its crackdown on offshore crypto exchanges by restricting access to 27 unregistered platforms. The latest restrictions target exchanges including KuCoin, MEXC, and BingX, extending earlier app bans to their websites. Regulators plan to block alternative […]

Highlights: South Korea’s Jeonbuk Bank has started offering loans to businesses that want to use Bitcoin as collateral. Businesses can borrow money without selling their Bitcoin, while approved custodians will hold the pledged assets. The bank is also looking to […]

Highlights: A ruling party lawmaker wants South Korea to delay its crypto tax beyond the planned January 2027 start. The government still backs the current schedule and says the tax impact on most investors should stay limited. Major crypto exchanges […]