South Korea

Highlights: KOSCOM has filed five stablecoin trademarks to strengthen its role in Korea’s digital money market. The company is reorganizing its digital asset unit and is set to launch a task force. BDACS has introduced Korea’s first bank-backed stablecoin on […]

Highlights: South Korea ends a seven-year ban, giving digital asset firms access to tax breaks, financing, and venture company status. South Korean crypto firms can now access venture capital after the government lifts restrictions on September 16. Crypto adoption in […]

Highlights: Interest rates for crypto lending are now capped at 20% annually. Leveraged loans exceeding collateral are no longer allowed. Lending is limited to the top 20 cryptos or those on three local exchanges. South Korea has implemented stringent regulations […]

Highlights: South Korea has moved to tighten crypto oversight with compulsory transaction reporting. The information-sharing initiative will affect foreign and local investors. The preliminary phase of information sharing will roll out in 2026. South Korea’s Ministry of Economy and Finance […]

Highlights: Lee has warned that crypto volatility prevents it from acting as money. The FSC nominee has dismissed crypto but has voiced support for the stablecoin plans. Over 16 million South Koreans now use local exchanges as younger investors seek […]

Highlights: Coinone has launched the first Bitcoin staking service in South Korea through the Babylon protocol. A promotional event for Coinone Bitcoin staking runs until September 7 with 10 million won in rewards. South Korea paused crypto lending but prepared […]

Highlights: Bitplanet unveils $40M Bitcoin treasury, becoming Korea’s first institutional BTC firm. Asia Strategy Partners acquires 62% of SGA and rebrands it as Bitplanet. South Korea joins Japan in advancing corporate Bitcoin treasury adoption. Bitplanet has introduced the initial institutional […]

Highlights: FSC directs South Korean exchanges to suspend crypto lending operations immediately. Major exchanges recently expanded borrowing options backed by crypto and fiat deposits. South Korea prepares clear lending rules while advancing ETFs, stablecoins, and tax incentives. On August 19, […]

Highlights: South Korea plans to submit a stablecoin bill in October as part of its digital asset framework expansion plan. Major banks and tech firms have voiced support for the stablecoin initiative to build a secure won-pegged stablecoin. The FSC […]

Highlights: Jeju City cracks down on tax evaders by seizing crypto from 49 residents holding $165000 in hidden assets. Authorities in Jeju reviewed 2962 residents with tax arrears totaling $14.2 million and confirmed hidden crypto holdings. South Korean cities like […]

Highlights: Bithumb relaunches crypto lending services with new rules that reduce leverage. The South Korean task force is working on crypto lending guidelines to establish leverage caps. The crypto ownership in South Korea is highest among people in their 40s, […]

Highlights: KakaoBank eyes Won-backed stablecoins amid South Korea’s digital asset market expansion. KakaoBank aligns with national efforts to regulate and issue local currency-backed stablecoins. Kakao’s stablecoin task force unites key affiliates to streamline digital asset strategies. KakaoBank has revealed its […]