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Bank of Korea Launches Broad Investigation Into Institutional Crypto Entry
The Bank of Korea (BOK) has initiated a comprehensive monitoring program to evaluate the involvement of domestic financial institutions in the digital asset sector. This regulatory move involves a detailed survey sent t…
South Korean FIU Moves to Block Access to Two Undeclared Crypto Operators
The Korean Financial Intelligence Unit (FIU) has initiated a crackdown on unauthorized cryptocurrency service providers, requesting the Korea Communications Standards Commission to block domestic access to two platforms…
South Korea’s Opposition Urges Delay or Abolition of Crypto Tax
South Korea’s political landscape is witnessing a renewed debate over the taxation of virtual assets, as the country's leading opposition party calls for a significant shift in fiscal policy. With the current tax framew…
South Korean Police Refer Polymarket Users to Prosecution Over Gambling
The Cyber Investigation Unit of the Gangwon Provincial Police Agency has initiated legal proceedings against users of the decentralized prediction market Polymarket. According to official data submitted to the office of…
South Korea Unveils Won Internationalization Plan and CBDC Pilot
The South Korean government has officially released its "Won Internationalization Roadmap," a strategic initiative designed to transition the Korean Won (KRW) from a strictly regulated currency into a freely convertible…
KDAC to Manage Seized Crypto for Korea National Tax Service
The Korea National Tax Service (NTS) has officially appointed Korea Digital Asset Custody (KDAC) as the specialized service provider for the management and storage of seized virtual assets. This landmark agreement repre…
South Korea’s FSC Probes Hana Bank Over Dunamu Equity Acquisition
The South Korean Financial Services Commission (FSC) has initiated a formal review into Hana Bank regarding its recent acquisition of shares in Dunamu, the operator of the country’s largest cryptocurrency exchange, Upbi…
South Korea’s FSI to Launch Advanced Smart Contract Security Tool
The Financial Security Institute (FSI) of South Korea has officially announced a comprehensive initiative to enhance the security infrastructure of the domestic digital asset ecosystem. According to reports from Edaily …
Bithumb to Vote on CEO Lee Jae-won’s Reappointment Amid Regulatory Hurdles
The South Korean cryptocurrency exchange Bithumb is moving forward with plans to reappoint its current CEO, Lee Jae-won, despite a series of recent operational setbacks and mounting regulatory pressure. According to rep…