#South Korea

Highlights: Bithumb won a 194 million won lawsuit over money gained from its February Bitcoin reward error. The error gave users Bitcoin Credits after an employee selected BTC instead of Korean won. South Korean regulators introduced stronger exchange controls after […]

Highlights: Shinhan Financial and Visa will test stablecoin issuance, transfers, redemptions, and payment services in South Korea. The partnership also covers AI-based payments and new services for businesses and consumers across Shinhan’s financial network. The companies plan to build a […]

Highlights: South Korea’s FIU could investigate suspected violations before referring serious cases to other authorities. The new bill would give the FIU more power to investigate unregistered crypto firms directly. Overseas crypto firms serving local customers must follow the country’s […]

Highlights: South Korea confirms residents will pay tax on crypto income from self-custody wallets and overseas exchanges. New crypto tax rules start January 1, 2027, with a 20% rate above KRW 2.5 million. Authorities are also reviewing tax treatment for […]

Highlights: BitGo Korea has secured VASP approval to expand its services to local users in South Korea. The approval allows BitGo to offer services, such as asset custody and transfer services, to companies in the country. Companies that will benefit […]

Highlights: Ripple partners with JB Jeonbuk Bank to bring faster cross-border payments to South Korean business customers. Jeonbuk Bank becomes South Korea’s first regional bank to use Ripple Payments for international remittances. Ripple says the service offers near real-time settlement […]

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 […]