South Korea

Highlights: Upbit cannot process crypto deposits and withdrawals for new users for three months due to violations. Authorities found that Upbit failed to verify customer identities and processed transactions with unregistered service providers. Upbit is making changes and is working […]

Highlights: Upbit faces FSC sanctions for failing to verify over 700,000 customer identities. Regulators warn of heavy fines, possible suspension, or stricter compliance measures. Cryptocurrencies are coming under more scrutiny in South Korea, affecting exchanges and institutional trading policies. The […]

Highlights: South Korea will allow corporate crypto accounts in three phases to ensure market stability. Law enforcement agencies and nonprofits will get access to the corporate crypto accounts first followed by investment firms and listed companies. General corporations may join […]

Highlights: South Korea will create a permanent unit to fight cryptocurrency crimes as fraud and money laundering cases increase. The crypto crime unit has seized assets worth $97.5 million and arrested 18 suspects linked to illegal activities. Authorities plan to […]

Highlights: Upbit and Bithumb will pay users 3.5 billion won for system failures during the martial law declaration. Financial regulators have demanded improved servers and emergency plans to protect cryptocurrency investors in South Korea.  The former CEO of Bithumb has […]

Highlights: South Korea reports its first virtual asset price manipulation case under the Virtual Asset Act. The suspect profited using a pump-and-dump strategy within 10 minutes. Authorities aim to strengthen market regulations and prevent unfair trading practices. South Korea has […]

Highlights: South Korea’s FIU issues a suspension notice to Upbit for violating KYC and AML rules. Upbit could face suspension of up to six months, affecting new user activity and withdrawals. South Korea strengthens crypto regulations and collaborates with the […]

Highlights: South Korea has begun the second phase of crypto regulations to protect investors. FSC may soon allow corporate crypto accounts after an extensive review. South Korea has joined other countries in combating North Korean cyberattacks. South Korean regulators have […]

Highlights: South Korea intends to permit corporate investments in crypto to boost market liquidity and innovation. The FSC aims to align crypto rules with global standards and enhance user protection. The new measures will increase corporate stockholding limits and improve […]

Highlights: South Korea sanctions 15 North Korean IT members and one firm for involvement in cyber thefts. Organization Bureau 313, involved in weapons programs, sends IT workers abroad for illicit activities. North Korean hackers stole $1.34 billion in 2024, making […]

Highlights: South Korea’s crypto investors surpassed 15.59 million, accounting for over 30% of the population. Bitcoin prices surged, boosting total crypto holdings to 102.6 trillion KRW in November. The average daily trading volume of crypto exchanges reached 14.9 trillion KRW […]

Highlights: South Korean Congressman faces prison sentence for hiding $6.8 million in crypto profits from 2021 to 2022. Prosecutors claim he misled the National Assembly’s Ethics Committee. South Korea remains a crypto powerhouse with $18 billion in daily trading. Kim […]