South Korea

Highlights: South Korea’s FSS has announced plans to tighten oversight of crypto, AI, and IT technologies in 2026. The regulatory body is adopting AI tools to strengthen its oversight across the different sectors.  There are also plans to conduct regular […]

Highlights: Bithumb mistakenly sent 620,000 Bitcoins to 695 users during a promotion event. The exchange recovered 618,212 Bitcoins, covering almost all lost funds quickly. Regulators are investigating Bithumb’s practices, including promotions and internal controls. South Korean regulators have started an […]

Highlights: Regulators have upgraded VISTA with AI to flag suspicious crypto trades faster. The new monitoring tools help spot crypto market manipulation across short and long trading periods. Stronger penalties and joint teams let authorities step in before illicit crypto […]

Highlights: South Korea’s Democratic Party drafts Digital Asset Basic Act to regulate cryptocurrency. Bill sets a stablecoin framework and new rules for companies operating in the market. Task force requires stablecoin firms to hold legal capital of $3.5 million. South […]

Highlights: WEMADE has partnered with Chainlink to provide support for KRW stablecoins and digital asset initiatives. Chainlink will enhance data integrity and infrastructure for WEMADE’s KRW stablecoin ecosystem. The collaboration aims to align KRW stablecoin development with global compliance standards. […]

Highlights: Stablecoin trading in Korea spiked 62% in January. Exchanges discussed USDC and USDe promotions to raise trading activity. The government and banks intervened to stabilize the won-dollar rate. Cryptocurrency exchanges in South Korea are shifting focus to stablecoins as […]

Highlights: South Korean prosecutors have lost between $48 million and $68 million worth of BTC to a phishing attack. Officials confirmed that the incident occurred after mistakenly inputting the Bitcoin storage login details on a fake website.   Prosecutors have opened […]

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 […]