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South Korea Considers Raising Exchange Cold Wallet Requirements to 99%
The South Korean Financial Services Commission (FSC) is weighing a significant regulatory shift that would require cryptocurrency exchanges to store nearly all user assets in offline storage. Following an emergency secu…
Bithumb and Major Financial Firms Hit by Data Breaches in South Korea
Three prominent South Korean financial institutions, including the major cryptocurrency exchange Bithumb, have reported significant data breaches following a series of coordinated cyberattacks. On October 28, 2026, repo…
South Korea Considers Fourth Delay for 22% Crypto Income Tax
The South Korean government is reportedly moving toward a fourth postponement of the country’s proposed 22% tax on virtual asset income. Originally slated to take effect on January 1, 2027, the tax mandate is now subjec…
South Korea to Amend Foreign Exchange Act for Stablecoin Regulation
The Bank of Korea (BOK) and the South Korean government have announced plans to revise the Foreign Exchange Transactions Act to establish a comprehensive regulatory framework for stablecoins. This legislative initiative…
South Korea Consults Top Exchanges on Uncertain Crypto Tax Future
The South Korean Ministry of Economy and Finance recently convened a high-level symposium to address the impending implementation of virtual asset taxation. This meeting brought together government regulators and the na…
South Korea to Discuss Crypto Tax Policy With Major Exchanges on Oct 20
The South Korean government is scheduled to meet with representatives from the country's leading cryptocurrency platforms on October 20, 2026, to deliberate on the upcoming implementation of virtual asset taxation. Acco…
South Korea to Implement Crypto Tax in 2025 Amid Regulatory Gaps
The South Korean government is moving forward with its plan to introduce a cryptocurrency capital gains tax starting in January 2025. While the National Tax Service (NTS) is currently finalizing its infrastructure to fa…
South Korea to Implement Security Token Legislation by February 2027
The South Korean Financial Services Commission (FSC) has established a definitive timeline for the integration of blockchain-based securities into the national financial framework. According to reports from local media …
South Korean Jeonbuk Bank Debuts First Bitcoin-Collateralized Won Loans
JB Financial Group’s Jeonbuk Bank has officially introduced the South Korean banking industry's first lending product that utilizes digital assets as collateral for Korean Won (KRW) loans. According to reports from the …