South Korea

Highlights: Within Q1 of 2025, Bithumb made up 25% of the country’s crypto trading volume. The exchange is preparing for a $1 billion IPO on Kosdaq, with a possible NASDAQ listing. With strict regulations in place, only Bithumb and Upbit […]

Highlights: RedotPay marks its expansion into South Korea with the launch of its crypto payment card. The fintech company attributed its South Korean expansion to the nation’s receptive attitude towards cryptocurrencies. RedotPay’s partnership with several entities like Straitsx and Visa […]

Highlights: South Korea transferred approximately $40.6 billion in crypto abroad, with nearly half of the amount in stablecoins. Crypto inflows topped outflows as 64.78 trillion won entered Korean exchanges. Crypto accounts hit 16.29M in Korea, covering around 32% of the […]

Highlights: Lee promises to approve crypto ETFs and improve investment safety for youth. FSC chairman supports spot crypto ETFs and plans discussions with the new administration. South Korea’s 16 million crypto investors could impact the presidential election outcome. South Korean […]

Highlights: South Korea’s ruling party plans to allow spot crypto ETF trading before the end of this year. The party will remove the one exchange one bank rule to give investors more banking choices. Over 3,000 firms may trade crypto […]

Highlights: People Power Party proposes the introduction of the Digital Asset Promotion Basic Act for the growth of the crypto industry. The new bill seeks to end regulatory uncertainty and foster blockchain innovation. South Korea’s shift toward digital asset promotion […]

Highlights: Research has revealed that 1 in 3 wealthy South Koreans own virtual assets. The studies showed that these rich South Koreans invested an average of 42 million KRW in crypto. Many wealthy crypto investors expressed the desire to continue […]

Highlights: South Korea banned 14 unregistered crypto exchange apps on Apple’s App Store. KuCoin, MEXC, and others faced restrictions due to non-compliance with local regulations. Crypto exchange users in South Korea exceeded 16 million as of March 2025. South Korean […]

Highlights: South Korea may allow foreign investors to trade crypto if exchanges follow anti-money laundering rules. New rules could bring more liquidity to the crypto market and reduce restrictions on foreign traders. Authorities are focusing on strong anti-money laundering measures […]

Highlights: South Korea has lifted the suspension that the FIU recently imposed on Upbit. The FIU had accused Upbit of violating KYC requirements in its transactions. Upbit will continue operating as the case continues after the injunction. A South Korean […]

Highlights: South Korea’s FIU is deliberating new sanctions for unregistered VASP operators. The financial regulator may block access to the unregistered crypto platforms. The FIU is investigating five exchanges for offering crypto services to South Koreans without VASP licenses. On […]

Highlights: Prosecutors raided Bithumb over claims of fund misuse involving former CEO Kim Dae-sik. Bithumb is facing new allegations that projects paid high fees to get listed on the exchange and Upbit. Bithumb is pushing ahead with IPO plans despite […]