South Korea

Highlights: South Korea breaks a major money laundering ring using crypto and local banks. Three suspects face legal action for violating foreign exchange laws. 2025 probe finds 97% of companies involved in illegal 2.2 trillion won transfers. South Korean customs […]

Highlights: Google Play will block crypto apps in South Korea that fail to submit FIU registration proof by Jan. 28. Overseas exchanges are facing app removal risks due to strict local entity AML and ISMS certification rules. Korea’s crypto enforcement […]

Highlights: South Korea has ended its ban on corporate crypto investments, targeting companies and individual investors. Under new rules, companies and individuals can invest up to 5% of their equity in major cryptocurrencies. Critics described the 5% cap as too […]

Highlights: South Korea plans to launch spot Bitcoin ETFs as part of its plan to bring crypto into regulated financial markets. Lawmakers are working to finalize stablecoin rules and the Digital Asset Act by this month. Courts and regulators now […]

Highlights: South Korea’s Supreme Court confirms that Bitcoin on exchanges can be legally seized in investigations. Authorities confiscated 55.6 Bitcoin worth 600 million won during a money laundering probe. The decision strengthens the recognition of digital assets as lawful property […]

Highlights: South Korea is considering early payment freezes to stop suspected crypto price manipulation. Regulators want to apply stock-market-style crypto account freezes to improve crypto market enforcement. The second-phase crypto laws may expand powers to block transfers beyond exchanges and […]

Highlights: Stablecoin issuer disputes delay South Korea’s crypto regulation until 2026. Stablecoin rules demand 100% reserves in banks for investor protection. Lawmakers propose a separate bill as government discussions stall. South Korea’s crypto regulation has reached a dead end as […]

Highlights: South Korea’s BC Card tested foreign stablecoin use with QR codes at local stores. The stablecoins are converted into digital prepaid cards for seamless merchant payments. The pilot aims to build a Korean-style stablecoin infrastructure in response to future […]

Highlights: South Korea moves to pass the Digital Asset Act after parties agree on a bank-led stablecoin model. Lawmakers have set December 10 as the final deadline for the government proposal. The new act targets financial security, innovation, and market […]

Highlights: Investigators have linked Upbit’s $37M crypto heist to known tactics from North Korean hacking groups. Lazarus Group remains the prime suspect as South Korean officials track token movements. Dunamu has boosted user confidence with full reimbursement and swift controls […]

Highlights: KakaoBank is pushing its stablecoin plan with new hirings to boost the development pace. The KRW stablecoin development has gained speed as KakaoBank aligns its strategy with digital asset rules. Naver and Kakao are competing for digital payment growth […]

Highlights: South Korea’s FIU has cracked down on major exchanges over failure to comply with the nation’s AML regulations. FIU officials have completed inspections on the implicated exchanges and will soon meet to decide on sanctions for defaulters. Trading platforms […]