South Korea

Highlights: South Korea recognizes cryptocurrency as a marital asset in divorce proceedings. Younger South Koreans increasingly favor digital assets over traditional pension systems. New regulations aim to enhance oversight and protect investors in the cryptocurrency market. South Korea now permits […]

Highlights: South Korean regulator plans to inspect crypto exchanges and wallets for illegal transactions and compliance issues. The probe will involve two major South Korean exchanges. The FSS aims to identify and eliminate fraudulent or illegal transactions South Korea’s Financial […]

Highlights: South Korean Tech giant Naver has sealed a new partnership to launch a crypto wallet with Chiliz, a blockchain outlet. Over 30 million users stand a chance of enjoying services from the Web3 and tech firm integration. Chiliz’s CEO […]

Highlights: Haru Invest CEO was stabbed during a fraud trial in a Seoul court. The attacker reportedly used a ceramic knife to stab Lee. Lee was in critical condition and promptly taken to the hospital. On August 28, the chief […]

Highlights: South Korea sets supervisory fees for major exchanges under new Virtual Asset regulations to enhance market oversight. Upbit, due to its market dominance, will bear most of the fees, impacting its financial operations significantly. Despite operational losses, smaller exchanges […]

Highlights: VAUPA mandates 80% of crypto funds in cold storage for enhanced security A new law requires user fiat in licensed banks, segregating company and client funds South Korea debates delay of 20% crypto capital gains tax till 2028 On […]

South Korea postpones the implementation of crypto tax rules, which will benefit investors until 2028. The local news publication reports that the current ruling party may continue deferring the proposed tax bill. Previously, the state’s regulatory authority was supposed to […]

South Korea’s Financial Supervisory Service (FSS) has announced the development of a 24-hour surveillance system in collaboration with local cryptocurrency exchanges. This system is designed to detect and investigate suspicious activities in the crypto market. Scheduled to launch on July […]

Highlights: Researcher Lee highlights both the benefits and risks of Bitcoin spot ETFs in South Korea. Global approvals show varied regulatory approaches to crypto-linked financial products. Comprehensive research and regulation are crucial for introducing Bitcoin spot ETFs in Korea. Recent […]

Highlights: South Korea will review over 600 cryptocurrency listings starting next month under new regulatory measures. Reviews will assess token reliability, user protection, technology standards, and regulatory compliance. Exchanges must conduct quarterly reviews, with problematic tokens facing potential delisting. Starting […]

To clarify the changing non-fungible token (NFT) market, South Korea’s Financial Services Commission (FSC) introduced new guidelines on Monday, as reported. These regulations aim to define and classify certain NFTs under existing cryptocurrency frameworks based on their characteristics and usage. […]