2025-6-20 09:11 |
South Korea’s top financial watchdog is taking steps to bring spot crypto ETFs and stablecoin regulation into the mainstream as part of a broader plan to modernize the country’s digital asset market. According to a June 19 report by local… origin »
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South Korea’s FSC will conduct an investigation into transaction fees charged by local crypto exchanges, marking the first concrete step toward President Lee Jae-myung’s pledge to ease cost burdens for young traders.
2025-6-19 15:52 | |
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The largest South Korean political party wants the Korean to fast-track KRW stablecoins, taking a page from the Trump Administration’s recent moves to establish a stablecoin bill. According to a report from local media Edaily, lawmakers from the South Korean…
2025-5-26 11:18 | |
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South Korea’s People Power Party announced seven major law changes to improve their virtual asset ecosystem. One of them is a plan to launch spot Bitcoin ETF within this year. According to a report by local media Edaily, the People’s…
2025-4-29 10:40 | |
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Key Takeaways: South Korea may allow foreign investments in crypto. Whether this happens depends on exchanges strengthening their AML efforts. Changes in policy could revive the local crypto sector.
2025-4-9 18:26 | |
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Out of the 2,047 South Korean public officials who submitted asset declaration, 20% reported to owning crypto assets. Seoul City Councilor Kim Hye-young held the largest amount with 1. 7 billion KRW.
2025-3-27 10:33 | |
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South Korea’s crackdown on unregistered foreign exchanges like KuCoin and MEXC strengthens local platform Upbit’s dominance while pushing for stricter regulatory control and investor protection. The post South Korea Forces Google to Block 17 Foreign Crypto Exchanges appeared first on BeInCrypto.
2025-3-26 16:21 | |
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South Korean prosecutors raided the headquarters of crypto exchange Bithumb on March 19 as part of an investigation into whether the company’s former CEO misused corporate funds to purchase an apartment, according to local media reports.
2025-3-21 03:00 | |
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South Korea has no plans to incorporate Bitcoin in its foreign exchange reserves, according to the country’s central bank. On Mar. 16, local media outlet Yonhap reported that officials from the Bank of Korea ruled out adding Bitcoin (BTC) to…
2025-3-17 08:54 | |
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Former South Korean lawmaker known for the Coin Gate scandal, Kim Nam-guk, has been declared ‘not guilty’ of all charges by court. According to a report from local media News1, a Seoul Southern District Court judge found Kim “not guilty”…
2025-2-11 13:42 | |
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The CEO of a major South Korean P2P lender has been accused of using funds for a construction project to make personal crypto purchases. According to a report by local media outlet NBN Media, an unnamed investor and private equity…
2025-1-30 11:49 | |
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South Korea’s crypto-friendly Jeju Islands plans to use non-fungible tokens to attract Gen Z tourists. According to local media, Maeil Kyungjae, the popular South Korean tourist destination, will introduce NFT-based digital tourism resident cards in the second half of 2025.…
2025-1-6 10:31 | |
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Do Kwon, the South Korean co-founder of Terraform Labs, was extradited from Montenegro to the US, ending months of legal proceedings over the matter, according to local media reports. Montenegrin police transferred Kwon to US authorities at Podgorica International Airport on Dec.
2025-1-1 21:46 | |
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South Korean markets tend to prefer XRP over larger assets such as bitcoin and ether, and a volume bump tends to precede price anomalies on local exchanges.
2025-1-1 11:29 | |
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The financial watchdog said discussions are ongoing, despite local reports claiming otherwise.
2024-12-6 16:11 | |
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South Korea's crypto market faces sharp volatility as martial law disrupts trading, with Bitcoin and altcoin prices plunging on local exchanges. The post South Korean Political Crisis Rocks Crypto Markets appeared first on BeInCrypto.
2024-12-4 23:50 | |
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Crypto prices crashed hard in South Korea as the local currency plunged to a record low. Bitcoin (BTC) price dropped to 88,197,000 KRW, its lowest level since October 5, before rebounding to 132,000,000 KRW. The cryptocurrency was down by almost…
2024-12-4 19:15 | |
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South Korean regulators agree to postpone the 20% crypto tax for two years, after rejecting the Democratic Party’s proposal to raise the annual tax threshold from 2. 5 million won to 50 million won.
2024-12-2 10:56 | |
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A cryptocurrency platform based in South Korea has gone into bankruptcy as declared by a local court after its customers can no longer withdraw their virtual funds worth $1.75 billion. Related Reading: Coinbase CEO Brian Armstrong Finds Ally In Cardano’s Hoskinson For Crypto Czar Bid The unfortunate circumstances faced by Delio serve as a reminder […]
2024-11-24 02:30 | |
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South Korean police have arrested 12 suspects, including a prominent YouTuber, in connection with a $231 million crypto fraud that affected more than 15,000 investors, local media outlet Yna reported.
2024-11-13 15:34 | |
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Russian President Vladimir Putin has proposed establishing a digital asset platform within the BRICS bloc, according to local media reports. The initiative aims to boost investment flows into emerging economies in South Asia, Africa, and Latin America and could provide new channels for capital in high-growth regions.
2024-11-12 01:06 | |
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More than 33,000 crypto investors in South Korea are currently unable to access their assets, which amount to around $13 million, due to the closure of several crypto exchanges in the country, local media outlet The Korea Times reported on Oct.
2024-10-24 17:20 | |
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South Korea’s Financial Services Commission (FSC) announced the creation of a Virtual Asset Committee to address the approval of spot crypto exchange-traded funds (ETFs) in the country on Oct. 10, according to local media reports.
2024-10-11 01:14 | |
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South Korea’s Financial Services Commission plans to investigate Upbit over concerns about its market dominance and its close ties with K Bank. A local media report cited FSC chairman Kim Byoung-hwan, stating that the country’s top financial regulator will thoroughly…
2024-10-10 10:42 | |
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South Korea’s government has outlined plans to impose foreign exchange regulations on cross-border stablecoin transactions, addressing the rising use of these digital currencies in international trade, local media reported on Oct.
2024-10-8 19:47 | |
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Bithumb, South Korea’s second-largest crypto exchange, has announced plans to pursue a potential public listing in the United States at a Sept. 30 shareholders meeting, local media outlet Dnews reported.
2024-9-30 17:00 | |
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The CEO of Wacon, a South Korean tech firm, has been arrested for his role in a large crypto fraud scheme. Local news media report that authorities have taken Byun Young-oh into custody for helping to defraud over 500 people of more than $366 million.
2024-8-15 18:48 | |
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South Korean authorities are considering postponing the controversial 20% crypto tax after the local crypto community raised concerns. Initially set to begin in 2021, South Korea‘s 20% crypto gains tax might now be delayed until 2028 amid fears that the…
2024-7-15 10:11 | |
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South Korea’s crypto community alarms that the impeding 20% tax on crypto gains will drive away investors and can potentially ruin the market. As South Korea‘s 20% tax on crypto gains looms, the local cryptocurrency community expresses its concerns, saying…
2024-7-12 14:38 | |
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South Korea’s incoming crypto investor protection laws will see local exchanges review over 1,300 listed tokens over the next six months.
2024-7-3 08:52 | |
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South Korea’s crypto association asserts that local trading platforms are unlikely to conduct “mass delistings” even as they re-review 1,333 tokens over the next six months. South Korean crypto exchanges are set to re-evaluate over 1,000 tokens they listed earlier…
2024-7-2 11:24 | |
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South Korea's financial authorities will review 600 cryptocurrencies on local exchanges, enforcing new standards starting July 19. The post South Korea to Reevaluate 600 Crypto Listings on Local Exchanges appeared first on BeInCrypto.
2024-6-17 06:50 | |
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An employee of South Korea’s Woori Bank has confessed to the police of embezzling $7.3 million from the bank to fund personal crypto investments, most of which failed. According to reports from local news outlets, the employee who has not…
2024-6-13 12:36 | |
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Emart24, a prominent South Korean convenience store chain, is set to introduce a Bitcoin-themed meal box as an in-store item. According to a May 9 announcement, the company has joined hands with local cryptocurrency exchange Bithumb to bring the Bitcoin…
2024-5-9 14:45 | |
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A convenience store in South Korea offers Bitcoin meal boxes in collaboration with the local exchange Bithumb, where customers can win small amounts of Bitcoin with their purchases.
2024-5-9 11:39 | |
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Crypto.com, a global crypto exchange, recently postponed its much-anticipated retail market expansion in South Korea, originally scheduled for April 29. This strategic decision came just six days before the planned launch, and according to the report, this delay is due to the company’s need for more comprehensive engagement with local regulatory bodies. Related Reading: South Korean […]
2024-4-24 04:00 | |
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According to South Korean local media outlet YNA, a Montenegro court has again approved the extradition of the embattled Terraform Labs co-founder Do Kwon. This development occurred less than a week after the Supreme Court of Montenegro invalidated a ruling recommending Kwon’s extradition to South Korea.
2024-4-12 20:47 | |
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Singapore-based crypto exchange Crypto.com is set to launch services in South Korea, two years after acquiring local crypto exchange OK-BIT. Crypto.com announced in a blog post on Apr. 2 that it’s planning to launch the Crypto.com App in South Korea…
2024-4-2 10:12 | |
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Crypto.com is launching a crypto trading platform in South Korea after its acquisition of OK-BIT, a local crypto exchange.
2024-4-3 08:52 | |
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The KOSPI trading volume recorded 11.4794 trillion won on Mar.8, compared to nearly 12 trillion won on local crypto exchanges on Sunday.
2024-3-12 12:08 | |
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South Korea has intensified its actions to extradite Do Kwon, the CEO of Terraform Labs, back to its jurisdiction, as local South Korean media reports. This comes in the wake of a significant legal development in Montenegro where Do Kwon successfully appealed against his extradition to the United States, thereby redirecting the focus towards South […]
2024-3-8 22:00 | |
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The Montenegrin high court overseeing Terraform Labs co-founder Do Kwon’s extradition retrial has decided to send him back to South Korea instead of the US, local media reported on March 7. The decision will likely be final as the case has gone through multiple stages of trials and appeals over the past year as both […] The post Montenegro decides to extradite Do Kwon to South Korea in retrial appeared first on CryptoSlate.
2024-3-8 20:13 | |
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Local market observers pointed out that the so-called “Kimchi premium” crossed a two-year high mark on Thursday.
2024-3-7 10:18 | |
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A local report revealed the provincial tax department’s implementation of a new digital tracking system in one of South Korea’s most important provinces. As the first of its kind in the country, the new system reduces the process’ time and facilitates the tracking of crypto assets held by debtors in virtual asset exchanges. Related Reading: […]
2024-2-23 05:00 | |
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South Korea's most populated province, Gyeonggi, has collected $4.6 million from crypto tax evaders, it announced on Thursday, according to a local report by Yonhap News Agency.
2024-2-24 13:59 | |
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A South Korean province has adopted an advanced system to combat crypto tax evasion, successfully recovering $4.6 million in unpaid taxes from delinquents. As per Feb. 22 local reports, the Gyeonggi province’s method represents a considerable shift from the traditional,…
2024-2-22 10:55 | |
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In a strategic move ahead of the upcoming general elections, South Korea’s ruling party, the People Power Party (PPP), has announced plans to push for a further two-year delay in the implementation of crypto taxation, local media reported Feb.
2024-2-20 23:00 | |
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An allegation of a crypto scandal has shaken the entertainment industry in South Korea. Local reports inform of an alleged coin fraud committed by an important blockchain platform in the country and involving popular figures in the Korean entertainment business.
2024-2-14 02:30 | |
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The Bank of Korea (BOK) has unveiled plans for a pilot program to test its new central bank digital currency (CBDC), according to local media reports. The program will be conducted in collaboration with the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS) and is expected to launch in 2024.
2023-11-25 05:00 | |
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From 2018 to 2021, the world saw a noticeable increase in non-cash retail payments. Their volume increased by 13%. In emerging markets, growth was even higher at 25%. The fastest digital payment growth, as Sergey Kondratenko reported, occurred in Africa (Morocco, Nigeria and South Africa) and Asia.
2023-11-16 13:31 | |
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Upbit is inching toward a future Nasdaq debut thanks to a corporate tie-up involving Naver and Dunamu (a $14.5 billion equity exchange).
With Washington tightening the screws on North Korea’s crypto-funded nuclear weapons programme, South Korea says it’s open to rethinking its own sanctions playbook. During a recent interview, South Korean Vice Foreign Minister Kim Ji-na told local media that “coordination between…
Binance is facing renewed scrutiny from South Korean lawmakers after a parliamentary hearing this week reignited calls for the exchange to compensate victims of GOPAX’s failed GoFi deposit program. South Korean lawmakers are intensifying pressure on Binance to fulfill a…
Binance holds a 67% stake in Gopax, acquired in February 2023. A $4. 3 billion US settlement eased regulatory concerns in South Korea. Gopax faced a $47 million liquidity shortfall linked to Genesis Global Capital.
Binance is finally making progress with its South Korea re-entry after over two years of delay, as authorities have reopened their review of the exchange’s long-stalled takeover of local crypto exchange Gopax.
Hwang Jung-eum, a South Korean actress and K-drama star, was handed a suspended prison sentence for embezzling $3 million from her agency to invest in cryptocurrency. According to a report from local media outlet Korea JoongAng Daily, Hwang has been…
South Korean regulators have moved to quell a brewing risk in crypto exchanges. The new regime bans high-risk leveraged loans and institutes a strict 20% interest cap, citing serious concerns over investor protection and market stability. On September 5, South…