South Korea

Highlights: A new proposed bill would repeal South Korea’s planned 22% virtual asset taxation. The People Power Party said crypto investors deserve equal treatment after the stock tax repeal. The Democratic Party responded by saying it will review the bill. […]

Highlights: Crypto.com and KG Inicis have teamed up to enhance digital asset payments. The partnership enables foreign travelers to spend crypto for payments in South Korea. KG Inicis processes over 400 million yearly transactions, giving the rollout a rapid commercial […]

Highlights: South Korea plans to regulate the use of stablecoins in businesses. Legal contradictions are leading to the exclusion of stablecoins in investments. Stablecoins face legal hurdles under the Foreign Exchange Act in South Korea. The financial authorities in South […]

Highlights: South Korea plans to limit major shareholders in crypto exchanges to address governance risks. Bithumb and Gopax may need ownership restructuring when the proposal passes. The Digital Asset Basic Act will also address stablecoins and crypto ETFs when passed. […]

Highlights: The central bank wants banks to lead digital token issuance to protect monetary stability. Lawmakers have delayed Won stablecoin rules as they debate issuer control and ownership. Regulators are reviewing cross-border payment tests as stablecoin usage continues to grow. […]

Highlights: South Korean lawmakers pressure regulators for failing to spot Bithumb system weaknesses. This comes after a Bithumb mistakenly credited users with massive Bitcoin totals during a promotion event. Bithumb recovers most funds, but oversight concerns continue to grow. South […]

Highlights: South Korean prosecutors recover $21 million in Bitcoin after months of blockchain tracking. A phishing attack drained 320.8 BTC from the government prosecutors’ digital wallet in August last year. Authorities traced blockchain transfers and forced the return of stolen […]

Highlights: South Korea moves to strengthen crypto oversight as suspicious transactions surged repeatedly. Financial Supervisory Service adds Nvidia H100 GPU to expand AI-powered surveillance capacity Upgraded VISTA platform aims to detect coordinated manipulation and abnormal trading patterns faster South Korea […]

Highlights: South Korea is probing the disappearance of 22 Bitcoin from Seoul found missing during a national audit of seized crypto. Police found the cold wallet device intact but confirmed an unauthorized external Bitcoin transfer. A prior 320 BTC loss […]

Highlights: Bithumb CEO admitted daily ledger checks failed to catch the 620,000 BTC error.  Regulator criticized Bithumb’s outdated system and praised Upbit’s five-minute system. The FSS chief said the mistake was severe and urged real-time blockchain verification. The National Assembly […]

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 […]