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South Korean regulators push crypto ETF plan to power up local market
South Korea’s top financial watchdog is taking steps to bring spot crypto ETFs and stablecoin regulation into the mainstream as part of a broader plan to modernize the country’s digital asset market. According to a June 19 report by local… дальше »
2025-6-20 09:11 | |
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South Korea to probe local CEX fees in a bid to lower crypto trading cost burden
South Korea’s FSC will conduct an investigation into transaction fees charged by local crypto exchanges, marking the first concrete step toward President Lee Jae-myung’s pledge to ease cost burdens for young traders. дальше »
2025-6-19 15:52 | |
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South Korean Democrats want to accelerate KRW stablecoin rollout
The largest South Korean political party wants the Korean to fast-track KRW stablecoins, taking a page from the Trump Administration’s recent moves to establish a stablecoin bill. According to a report from local media Edaily, lawmakers from the South Korean… дальше »
2025-5-26 11:18 | |
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South Korea to allow trading for spot Bitcoin ETF this year
South Korea’s People Power Party announced seven major law changes to improve their virtual asset ecosystem. One of them is a plan to launch spot Bitcoin ETF within this year. According to a report by local media Edaily, the People’s… дальше »
2025-4-29 10:40 | |
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South Korea Eyes Opening Crypto Market to Foreign Investors Amid AML Challenges
Key Takeaways: South Korea may allow foreign investments in crypto. Whether this happens depends on exchanges strengthening their AML efforts. Changes in policy could revive the local crypto sector. дальше »
2025-4-9 18:26 | |
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Several hundred South Korean officials hold crypto assets worth a total of 14.4b Korean won
Out of the 2,047 South Korean public officials who submitted asset declaration, 20% reported to owning crypto assets. Seoul City Councilor Kim Hye-young held the largest amount with 1. 7 billion KRW. дальше »
2025-3-27 10:33 | |
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South Korea Forces Google to Block 17 Foreign Crypto Exchanges
South Korea’s crackdown on unregistered foreign exchanges like KuCoin and MEXC strengthens local platform Upbit’s dominance while pushing for stricter regulatory control and investor protection. The post South Korea Forces Google to Block 17 Foreign Crypto Exchanges appeared first on BeInCrypto. дальше »
2025-3-26 16:21 | |
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South Korean authorities raid Bithumb in corporate fund misuse inquiry
South Korean prosecutors raided the headquarters of crypto exchange Bithumb on March 19 as part of an investigation into whether the company’s former CEO misused corporate funds to purchase an apartment, according to local media reports. дальше »
2025-3-21 03:00 | |
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Bank of Korea: Bitcoin doesn’t meet foreign reserve standards
South Korea has no plans to incorporate Bitcoin in its foreign exchange reserves, according to the country’s central bank. On Mar. 16, local media outlet Yonhap reported that officials from the Bank of Korea ruled out adding Bitcoin (BTC) to… дальше »
2025-3-17 08:54 | |
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South Korean ‘Coin Gate’ lawmaker cleared of all charges
Former South Korean lawmaker known for the Coin Gate scandal, Kim Nam-guk, has been declared ‘not guilty’ of all charges by court. According to a report from local media News1, a Seoul Southern District Court judge found Kim “not guilty”… дальше »
2025-2-11 13:42 | |
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South Korean P2P CEO accused of using client funds to buy crypto
The CEO of a major South Korean P2P lender has been accused of using funds for a construction project to make personal crypto purchases. According to a report by local media outlet NBN Media, an unnamed investor and private equity… дальше »
2025-1-30 11:49 | |
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South Korea’s Jeju Islands to introduce NFT tourism cards with perks
South Korea’s crypto-friendly Jeju Islands plans to use non-fungible tokens to attract Gen Z tourists. According to local media, Maeil Kyungjae, the popular South Korean tourist destination, will introduce NFT-based digital tourism resident cards in the second half of 2025.… дальше »
2025-1-6 10:31 | |
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US authorities take custody of Do Kwon, ending months-long extradition process
Do Kwon, the South Korean co-founder of Terraform Labs, was extradited from Montenegro to the US, ending months of legal proceedings over the matter, according to local media reports. Montenegrin police transferred Kwon to US authorities at Podgorica International Airport on Dec. дальше »
2025-1-1 21:46 | |
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South Korean Political Crisis Rocks Crypto Markets
South Korea's crypto market faces sharp volatility as martial law disrupts trading, with Bitcoin and altcoin prices plunging on local exchanges. The post South Korean Political Crisis Rocks Crypto Markets appeared first on BeInCrypto. дальше »
2024-12-4 23:50 | |
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Here’s why crypto prices had a brief flash crash in South Korea
Crypto prices crashed hard in South Korea as the local currency plunged to a record low. Bitcoin (BTC) price dropped to 88,197,000 KRW, its lowest level since October 5, before rebounding to 132,000,000 KRW. The cryptocurrency was down by almost… дальше »
2024-12-4 19:15 | |
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South Korea to postpone Crypto Tax bill to 2027
South Korean regulators agree to postpone the 20% crypto tax for two years, after rejecting the Democratic Party’s proposal to raise the annual tax threshold from 2. 5 million won to 50 million won. дальше »
2024-12-2 10:56 | |
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$1.75 Billion Gone? South Korean Crypto Platform Delio Files For Bankruptcy
A cryptocurrency platform based in South Korea has gone into bankruptcy as declared by a local court after its customers can no longer withdraw their virtual funds worth $1.75 billion. Related Reading: Coinbase CEO Brian Armstrong Finds Ally In Cardano’s Hoskinson For Crypto Czar Bid The unfortunate circumstances faced by Delio serve as a reminder […] дальше »
2024-11-24 02:30 | |
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South Korean police arrest YouTuber, 11 others in $231M crypto fraud case
South Korean police have arrested 12 suspects, including a prominent YouTuber, in connection with a $231 million crypto fraud that affected more than 15,000 investors, local media outlet Yna reported. дальше »
2024-11-13 15:34 | |
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Russia proposes digital asset investment platform for developing markets
Russian President Vladimir Putin has proposed establishing a digital asset platform within the BRICS bloc, according to local media reports. The initiative aims to boost investment flows into emerging economies in South Asia, Africa, and Latin America and could provide new channels for capital in high-growth regions. дальше »
2024-11-12 01:06 | |
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South Korea’s crypto exchange closures lock $13M in investor assets
More than 33,000 crypto investors in South Korea are currently unable to access their assets, which amount to around $13 million, due to the closure of several crypto exchanges in the country, local media outlet The Korea Times reported on Oct. дальше »
2024-10-24 17:20 | |
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South Korea to discuss approval of spot Bitcoin ETFs
South Korea’s Financial Services Commission (FSC) announced the creation of a Virtual Asset Committee to address the approval of spot crypto exchange-traded funds (ETFs) in the country on Oct. 10, according to local media reports. дальше »
2024-10-11 01:14 | |
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South Korea’s largest crypto exchange Upbit to be probed by the FSC
South Korea’s Financial Services Commission plans to investigate Upbit over concerns about its market dominance and its close ties with K Bank. A local media report cited FSC chairman Kim Byoung-hwan, stating that the country’s top financial regulator will thoroughly… дальше »
2024-10-10 10:42 | |
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South Korea to impose forex regulations on stablecoin transactions
South Korea’s government has outlined plans to impose foreign exchange regulations on cross-border stablecoin transactions, addressing the rising use of these digital currencies in international trade, local media reported on Oct. дальше »
2024-10-8 19:47 | |
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Bithumb eyes Nasdaq IPO in 2025 with Samsung Securities as underwriter
Bithumb, South Korea’s second-largest crypto exchange, has announced plans to pursue a potential public listing in the United States at a Sept. 30 shareholders meeting, local media outlet Dnews reported. дальше »
2024-9-30 17:00 | |
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South Korean Tech CEO Arrested by Seoul Police in $366 Million Crypto Ponzi Case
The CEO of Wacon, a South Korean tech firm, has been arrested for his role in a large crypto fraud scheme. Local news media report that authorities have taken Byun Young-oh into custody for helping to defraud over 500 people of more than $366 million. дальше »
2024-8-15 18:48 | |
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South Korea mulls delaying 20% crypto tax amid local pressure
South Korean authorities are considering postponing the controversial 20% crypto tax after the local crypto community raised concerns. Initially set to begin in 2021, South Korea‘s 20% crypto gains tax might now be delayed until 2028 amid fears that the… дальше »
2024-7-15 10:11 | |
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Korea’s crypto community warns 20% tax on gains could devastate market
South Korea’s crypto community alarms that the impeding 20% tax on crypto gains will drive away investors and can potentially ruin the market. As South Korea‘s 20% tax on crypto gains looms, the local cryptocurrency community expresses its concerns, saying… дальше »
2024-7-12 14:38 | |
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Korean crypto exchanges to avoid ‘mass delistings’ despite new rules
South Korea’s crypto association asserts that local trading platforms are unlikely to conduct “mass delistings” even as they re-review 1,333 tokens over the next six months. South Korean crypto exchanges are set to re-evaluate over 1,000 tokens they listed earlier… дальше »
2024-7-2 11:24 | |
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South Korea to Reevaluate 600 Crypto Listings on Local Exchanges
South Korea's financial authorities will review 600 cryptocurrencies on local exchanges, enforcing new standards starting July 19. The post South Korea to Reevaluate 600 Crypto Listings on Local Exchanges appeared first on BeInCrypto. дальше »
2024-6-17 06:50 | |
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South Korean bank staff embezzles $7.5m to invest in crypto
An employee of South Korea’s Woori Bank has confessed to the police of embezzling $7.3 million from the bank to fund personal crypto investments, most of which failed. According to reports from local news outlets, the employee who has not… дальше »
2024-6-13 12:36 | |
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South Korean convenience store chain Emart24 to sell Bitcoin meal box
Emart24, a prominent South Korean convenience store chain, is set to introduce a Bitcoin-themed meal box as an in-store item. According to a May 9 announcement, the company has joined hands with local cryptocurrency exchange Bithumb to bring the Bitcoin… дальше »
2024-5-9 14:45 | |
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Regulatory Drama: Why Crypto.com Postponed Its Big Move Into Korea Days Before Launch
Crypto.com, a global crypto exchange, recently postponed its much-anticipated retail market expansion in South Korea, originally scheduled for April 29. This strategic decision came just six days before the planned launch, and according to the report, this delay is due to the company’s need for more comprehensive engagement with local regulatory bodies. Related Reading: South Korean […] дальше »
2024-4-24 04:00 | |
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Montenegro court clears Do Kwon’s extradition, fate in justice minister’s hands
According to South Korean local media outlet YNA, a Montenegro court has again approved the extradition of the embattled Terraform Labs co-founder Do Kwon. This development occurred less than a week after the Supreme Court of Montenegro invalidated a ruling recommending Kwon’s extradition to South Korea. дальше »
2024-4-12 20:47 | |
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Crypto.com to launch services for retail traders in South Korean market
Singapore-based crypto exchange Crypto.com is set to launch services in South Korea, two years after acquiring local crypto exchange OK-BIT. Crypto.com announced in a blog post on Apr. 2 that it’s planning to launch the Crypto.com App in South Korea… дальше »
2024-4-2 10:12 | |
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Crypto.com to launch retail trading services in South Korea
Crypto.com is launching a crypto trading platform in South Korea after its acquisition of OK-BIT, a local crypto exchange. дальше »
2024-4-3 08:52 | |
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Bitcoin Surge Sees Crypto Trading Volumes Exceed the Stock Market in South Korea
The KOSPI trading volume recorded 11.4794 trillion won on Mar.8, compared to nearly 12 trillion won on local crypto exchanges on Sunday. дальше »
2024-3-12 12:08 | |
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Extraditing Do Kwon: South Korea Calls On Interpol For Support
South Korea has intensified its actions to extradite Do Kwon, the CEO of Terraform Labs, back to its jurisdiction, as local South Korean media reports. This comes in the wake of a significant legal development in Montenegro where Do Kwon successfully appealed against his extradition to the United States, thereby redirecting the focus towards South […] дальше »
2024-3-8 22:00 | |
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Montenegro decides to extradite Do Kwon to South Korea in retrial
The Montenegrin high court overseeing Terraform Labs co-founder Do Kwon’s extradition retrial has decided to send him back to South Korea instead of the US, local media reported on March 7. The decision will likely be final as the case has gone through multiple stages of trials and appeals over the past year as both […] The post Montenegro decides to extradite Do Kwon to South Korea in retrial appeared first on CryptoSlate. дальше »
2024-3-8 20:13 | |
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Crypto Fraud No More? New Digital Tracking System In South Korean Province Tracks Tax Evaders’ Wallets
A local report revealed the provincial tax department’s implementation of a new digital tracking system in one of South Korea’s most important provinces. As the first of its kind in the country, the new system reduces the process’ time and facilitates the tracking of crypto assets held by debtors in virtual asset exchanges. Related Reading: […] дальше »
2024-2-23 05:00 | |
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South Korea’s Most Populated Province Traces and Collects $4.6M From Crypto Tax Evaders
South Korea's most populated province, Gyeonggi, has collected $4.6 million from crypto tax evaders, it announced on Thursday, according to a local report by Yonhap News Agency. дальше »
2024-2-24 13:59 | |
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South Korea’s Gyeonggi province cracks down on crypto tax evasion, recovers $4.6m
A South Korean province has adopted an advanced system to combat crypto tax evasion, successfully recovering $4.6 million in unpaid taxes from delinquents. As per Feb. 22 local reports, the Gyeonggi province’s method represents a considerable shift from the traditional,… дальше »
2024-2-22 10:55 | |
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South Korea’s ruling party proposes delay in crypto taxation as election pledge
In a strategic move ahead of the upcoming general elections, South Korea’s ruling party, the People Power Party (PPP), has announced plans to push for a further two-year delay in the implementation of crypto taxation, local media reported Feb. дальше »
2024-2-20 23:00 | |
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Crypto Scandal: Korean Celebrities Involved In Coin Fraud Allegations
An allegation of a crypto scandal has shaken the entertainment industry in South Korea. Local reports inform of an alleged coin fraud committed by an important blockchain platform in the country and involving popular figures in the Korean entertainment business. дальше »
2024-2-14 02:30 | |
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Assessing the impact of the FTX debacle on South Korea and more
South Korea has begun a probe into cryptocurrency exchanges in the country in relation to offering native tokens, as per a local news report. The Korea Financial Intelligence Unit (KoFIU) is the finanThe post Assessing the impact of the FTX debacle on South Korea and more appeared first on AMBCrypto. дальше »
2022-11-21 12:30 | |
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Bithumb owner to receive 8-year jail term for $70M fraud – local media
Lee Jung-hoon, the owner of the South Korean crypto exchange Bithumb, is facing up to eight years in prison on charges of fraud to the value of 100 billion won ($70 million), according to YNA. The post Bithumb owner to receive 8-year jail term for $70M fraud – local media appeared first on CryptoSlate. дальше »
2022-10-25 13:40 | |
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