South Korea

Highlights: South Korea is considering early payment freezes to stop suspected crypto price manipulation. Regulators want to apply stock-market-style crypto account freezes to improve crypto market enforcement. The second-phase crypto laws may expand powers to block transfers beyond exchanges and […]

Highlights: Stablecoin issuer disputes delay South Korea’s crypto regulation until 2026. Stablecoin rules demand 100% reserves in banks for investor protection. Lawmakers propose a separate bill as government discussions stall. South Korea’s crypto regulation has reached a dead end as […]

Highlights: South Korea’s BC Card tested foreign stablecoin use with QR codes at local stores. The stablecoins are converted into digital prepaid cards for seamless merchant payments. The pilot aims to build a Korean-style stablecoin infrastructure in response to future […]

Highlights: South Korea moves to pass the Digital Asset Act after parties agree on a bank-led stablecoin model. Lawmakers have set December 10 as the final deadline for the government proposal. The new act targets financial security, innovation, and market […]

Highlights: Investigators have linked Upbit’s $37M crypto heist to known tactics from North Korean hacking groups. Lazarus Group remains the prime suspect as South Korean officials track token movements. Dunamu has boosted user confidence with full reimbursement and swift controls […]

Highlights: KakaoBank is pushing its stablecoin plan with new hirings to boost the development pace. The KRW stablecoin development has gained speed as KakaoBank aligns its strategy with digital asset rules. Naver and Kakao are competing for digital payment growth […]

Highlights: South Korea’s FIU has cracked down on major exchanges over failure to comply with the nation’s AML regulations. FIU officials have completed inspections on the implicated exchanges and will soon meet to decide on sanctions for defaulters. Trading platforms […]

Highlights: South Korea’s top banks are working with Naver, Kakao, and Samsung to create stablecoins and make digital payments easier. Stablecoin trading in the country has already passed 60 trillion won ($41.15 billion) even without clear laws. Regulators plan to […]

Highlights: IQ and Frax created KRWQ, the first won-backed stablecoin on Coinbase Base. KRWQ works on many blockchains using LayerZero and Stargate for easy transfers. South Korea is making stablecoin rules to control money and grow the digital economy. IQ, […]

Highlights: Bitplanet has purchased 92.67 BTC for $10.9 million to launch its long-anticipated Bitcoin treasury plan. The company paid an average of $117,647 per BTC, as it became the first public firm to acquire BTC via a licensed domestic exchange. […]

Highlights: 10x Research reported $800 billion shifting from altcoins to Bitcoin and corporate holdings. Falling liquidity and investor confidence have left the altcoin market quiet and weak. Markus Thielen said traders now prefer Bitcoin-related firms, marking a lasting investor shift. […]

Highlights: After more than two years of delays, Binance has completed the Gopax acquisition. The final obstacle was removed when executive changes were approved by South Korea’s FIU. Gopax will repay impacted users and resume operations with Binance support. Binance, […]