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South Korean Banks Expand Crypto Partnerships Amid Loan Restrictions
Major South Korean financial institutions are increasingly pivoting toward the digital asset sector to offset shrinking profit margins caused by strict household debt controls and domestic loan restrictions. According t…
South Korea’s Daegu City to Seize Crypto Assets from Tax Evaders
The municipal government of Daegu, South Korea, has announced an intensive campaign aimed at recovering local tax arrears and uncovering hidden wealth. According to reports from the Yonhap News Agency, authorities are s…
South Korea Tax Agency to Hire Professional Crypto Custodians
The South Korean National Tax Service (NTS) has announced plans to transition the management of confiscated digital currencies to professional private custody providers. This strategic shift, scheduled to be implemented…
South Korea’s People Power Party Moves to Abolish Crypto Tax
South Korea’s political landscape is witnessing a significant shift in digital asset regulation as the People Power Party (PPP), the nation’s largest opposition group, has formally proposed a bill to entirely abolish th…
South Korean Court Rejects Flow Foundation Bid to Halt Delisting
The Seoul Central District Court has officially rejected a provisional injunction filed by the Flow Foundation and Dapper Labs intended to block the delisting of the FLOW token from major South Korean trading platforms.…
Bithumb Faces Record Fines as FIU Sets Sanctions Meeting for March 16
The South Korean Financial Intelligence Unit (FIU) is scheduled to convene a sanctions review meeting on March 16 to determine the regulatory consequences for Bithumb, one of the nation’s largest digital asset exchanges…
South Korea to Launch AI-Powered Crypto Tracking System by 2025
The National Tax Service (NTS) of South Korea has officially initiated a tender for the development of a "Virtual Asset Comprehensive Analysis System," a sophisticated platform designed to monitor and analyze digital as…
South Korean Courts to Ease Debt Burden for Crypto Investors
South Korean judicial authorities are expanding a legal framework that eases the financial recovery process for individuals facing insolvency due to digital asset trading. According to recent reports, courts in Daejeon,…
Bithumb Faces Six-Month Partial Suspension Over AML Violations
South Korea’s second-largest digital asset trading platform, Bithumb, has received a preliminary notification from the Financial Intelligence Unit (FIU) regarding a potential six-month partial business suspension. The r…
Flow Foundation Files Legal Challenge Against Korean Delisting
The Flow Foundation, in collaboration with Dapper Labs, has initiated legal proceedings against South Korea's leading digital asset trading platforms. The organizations submitted a formal application to the Seoul Centra…