Latest News
South Korea to Pilot Deposit Tokens in Q4
South Korea will pilot blockchain-based deposit tokens for government spending in Q4, aiming to cut audit burdens, tighten controls and lower payment costs.
Ripple, Kyobo Deal Spotlights SBI CEO Kitao
Ripple and Kyobo's Korea bond-settlement deal highlights SBI CEO Yoshitaka Kitao's broader strategy linking Japanese, Korean, and digital-asset rails.
South Korea Eyes Crypto Circuit Breakers
South Korea is weighing stock-style circuit breakers for crypto exchanges after Bithumb's February payout glitch exposed risks from trading errors.
Ethereum Slides as Binance Sells, Korea Buys
Ethereum slid after nearly $1B in Binance sell pressure hit derivatives, while South Korean traders bought the dip, softening full capitulation fears.
Bithumb Delays IPO Until After 2028
Bithumb has delayed its IPO to after 2028 as the South Korean crypto exchange focuses on stronger controls and waits for clearer digital asset rules.
Avalanche Powers KB Kookmin Stablecoin Card
KB Kookmin Card, South Korea's largest card issuer, tapped Avalanche for a hybrid stablecoin card, testing regulated crypto payments.
Bithumb Pushes CEO Reappointment Despite Scandals
Bithumb seeks to reappoint CEO Lee Jae-won at March 31 meeting despite FIU scrutiny and a reported six-month partial suspension over AML lapses, amid scandals.
South Korea Crypto Liquidity Slumps as Stablecoins Fade
Korean crypto liquidity dries up as stablecoin balances on major exchanges plunge 55% since Jul 2025 amid won weakness above 1,500/$, thinning order books.
Bank of Korea kicks off Digital Won Pilot Phase 2 with Live Subsidy Payouts
Bank of Korea launches Digital Won Pilot Phase 2, shifting to real-world subsidy payouts to stress-test CBDC settlement, compliance and programmability.
South Korea Tightens Crypto Seizure Rules After Botched Confiscations
South Korea tightens rules for seizing, storing and selling crypto after botched confiscations, seeking tighter custody and more predictable sell flow.
South Korea Police Draft Overhaul for Seized Crypto Custody After Lapses: Report
South Korea's KNPA drafted new rules for seizing and storing crypto evidence after custody blunders, including a $5M wallet password leak, and outsource storage.
Borrowed BTC, Diluted Shares: Bitmax Exposes Cracks in South Korea’s Bitcoin-Treasury Boom
KOSDAQ Bitmax's 4-for-1 share consolidation and capital cut sent shares down 10%, spotlighting leverage and dilution risks in Korea's BTC-treasury boom.
South Korea to Deploy AI to Track Crypto Gains in Major Tax Compliance Crackdown
South Korea's NTS is procuring an AI platform to analyze crypto trading data, calculate gains, and flag tax evasion targets for audits to curb underreporting.
South Korea FIU Proposes 6-Month Bithumb Suspension for AML/KYC Failures
South Korea's FIU proposes a 6‑month partial suspension of Bithumb for alleged AML/KYC failures, potentially freezing onboarding and controls key services.
Flow Foundation and Dapper Labs Ask Seoul Court to Halt FLOW Delisting by Upbit, Bithumb, Coinone
Flow Foundation and Dapper Labs ask Seoul court to suspend FLOW delisting on Upbit, Bithumb and Coinone, with March 9 hearing before the March 16 cutoff.
South Korea floats plan to bar USDT and USDC from corporate trading desks
South Korea's FSC is drafting rules for corporate crypto desks that would bar USDT and USDC, limiting dollar stablecoins in big trades, not a retail ban.
Coupang Pay Builds In-House Stablecoin Legal Team as South Korea Debates KRW Tokens
Coupang Pay hires in-house lawyers focused on stablecoin issuance as South Korea debates KRW token rules, positioning early to shape compliance before laws set.
Seed Phrase Leak at South Korea Tax Service Lets Thieves Drain $4.8M in Seized Crypto
South Korea's National Tax Service leaked seed phrases for seized crypto wallets, enabling thieves to drain $4.8M in assets in a simple key compromise.
South Korea to overhaul seized-crypto custody after police and tax agency security lapses
South Korea will overhaul custody of seized crypto after police and tax agency lapses led to stolen or mishandled Bitcoin, prompting tighter controls nationwide.
South Korea Finance Minister Promises Crypto Oversight Shake-Up After Regulatory Blunder
South Korea minister vows major crypto oversight shake-up after regulatory blunder sparked backlash, exposing agency gaps and exchange monitoring lapses.