South Korea

Highlights: People Power Party proposes the introduction of the Digital Asset Promotion Basic Act for the growth of the crypto industry. The new bill seeks to end regulatory uncertainty and foster blockchain innovation. South Korea’s shift toward digital asset promotion […]

Highlights: Research has revealed that 1 in 3 wealthy South Koreans own virtual assets. The studies showed that these rich South Koreans invested an average of 42 million KRW in crypto. Many wealthy crypto investors expressed the desire to continue […]

Highlights: South Korea banned 14 unregistered crypto exchange apps on Apple’s App Store. KuCoin, MEXC, and others faced restrictions due to non-compliance with local regulations. Crypto exchange users in South Korea exceeded 16 million as of March 2025. South Korean […]

Highlights: South Korea may allow foreign investors to trade crypto if exchanges follow anti-money laundering rules. New rules could bring more liquidity to the crypto market and reduce restrictions on foreign traders. Authorities are focusing on strong anti-money laundering measures […]

Highlights: South Korea has lifted the suspension that the FIU recently imposed on Upbit. The FIU had accused Upbit of violating KYC requirements in its transactions. Upbit will continue operating as the case continues after the injunction. A South Korean […]

Highlights: South Korea’s FIU is deliberating new sanctions for unregistered VASP operators. The financial regulator may block access to the unregistered crypto platforms. The FIU is investigating five exchanges for offering crypto services to South Koreans without VASP licenses. On […]

Highlights: Prosecutors raided Bithumb over claims of fund misuse involving former CEO Kim Dae-sik. Bithumb is facing new allegations that projects paid high fees to get listed on the exchange and Upbit. Bithumb is pushing ahead with IPO plans despite […]

Highlights: Bank of Korea will launch a CBDC pilot called Hangang with 100,000 participants in April. Participants will be able to convert bank deposits into digital tokens for payments at affiliated merchants. The Hangang CBDC program aims to streamline transactions […]

Highlights: Wemix has announced that it delayed announcing the hack to avoid panic among its investors. Hackers accessed the Play Bridge Vault and stole over 8.6 million WEMIX tokens The company is planning a buyback program that will be carried […]

Highlights: South Korea is set to test a CBDC by allowing users to use deposit tokens for real transactions at select stores. The Bank of Korea will pilot the CBDC for three months. The test may lead to the adoption […]

Highlights: South Korea is making stricter rules to stop money laundering through crypto. A new task force will track fraud, phishing, and transactions to stop financial crimes. Authorities are watching Japan’s move and may follow if Bitcoin ETFs get approval. […]

Highlights: South Korea has launched a permanent crypto crime unit to fight fraud. The unit has indicted 74 people and arrested 25 suspects since its inception. Authorities believe the unit will improve cooperation to deal with crypto fraud. The Seoul […]