Tag: Korea

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South Korea Tightens Crypto Withdrawal Delay Exemptions

South Korea’s financial regulator said it will tighten the exception rules under crypto exchanges’ withdrawal-delay system after finding that scam-linked accounts granted exemptions accounted...

South Korea proposes comprehensive digital asset law including stablecoin rules

South Korea’s ruling Democratic Party proposed a “Digital Asset Basic Act” Wednesday that would establish a legal framework for digital assets, including issuance, trading,...

Korea Investment & Securities Considers Coinone Stake: Report

South Korean brokerage Korea Investment & Securities (KIS) is reviewing a potential stake in crypto exchange Coinone, according to Korean media reports and company...

South Korea Opposition Party Proposes Scrapping Crypto Tax

South Korea’s main opposition party has proposed scrapping a planned crypto tax ahead of its 2027 rollout, citing fairness, double taxation and enforcement concerns.According...

Bank of Korea kicks off real-world testing of its CBDC with nine banks

The Bank of Korea and nine commercial lenders began phase two of a digital won pilot, testing bank-issued deposit tokens backed by central bank...

Crypto.com Enables Tourist Crypto Payments in Korea With KG Inicis Deal

Crypto.com has partnered with KG Inicis, one of the largest South Korean payment gateways and value-added network providers, to introduce crypto payment options for...

South Korea fines Bithumb $24 million, orders 6-month partial suspension over AML violations

Bithumb, one of South Korea's leading crypto exchanges, has been fined by the country's anti–money laundering and counter-terrorism financing agency.South Korea's Financial Intelligence Unit...

South Korea Fines Bithumb $24 Million Over AML Violations

South Korea’s Financial Intelligence Unit (FIU) has fined cryptocurrency exchange Bithumb 36.8 billion won ($24.6 million) and ordered a six-month partial suspension...

South Korea Hits Bithumb With $24.5M Fine Over AML Violations

South Korea has fined crypto exchange Bithumb 36.8 billion won (about $24.5 million) and imposed a six-month partial business suspension after finding widespread violations...

U.S. sanctions network that allegedly laundered $800 million in crypto for North Korea

The U.S. Treasury Department imposed sanctions on six individuals and two companies it says helped North Korea convert $800 million in 2024 into crypto...

South Korea Moves to Build AI Platform to Monitor Crypto Gains

South Korea’s tax authority is preparing to deploy artificial intelligence to track cryptocurrency investment gains as the government moves closer to implementing a long-delayed...

Bithumb faces proposed 6-month partial ban over South Korea AML breaches

South Korean cryptocurrency exchange Bithumb has received a preliminary notice of sanctions that could lead to a six-month partial business suspension, local media reports.The...