South Korea

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 […]

Highlights: South Korea’s KBank partners with Ripple to test blockchain-based international payment transfers. The two-phase test includes on-chain remittances to the UAE and Thailand markets. KBank aims to make overseas transfers faster, cheaper, and more transparent using blockchain.  South Korea’s […]

Highlights: South Korea has launched a deposit token trial to replace government card payments. Deposit tokens allow authorities to control when and how government funds are used through preset rules. The pilot uses blockchain and a CBDC system to reduce […]

Highlights: Ripple and Kyobo Life have launched a test for tokenized government bond settlement in South Korea. The project aims to reduce settlement time from two days to near real-time while lowering risk for institutions. Kyobo Life joins Ripple to […]

Highlights: Bank of Korea wants crypto exchanges to use circuit breakers after Bithumb’s major payout mistake. The central bank said weak controls and slow detection made the Bithumb incident much worse. The report also reviewed stablecoin risks, price swings, and […]