Ten members of South Korea’s National Assembly, led by People Power Party lawmaker Eom Tae-young, submitted new legislation on Thursday aimed at reshaping how the country’s financial watchdog handles crypto crime, as per local media news reports. The bill would…
Every crypto transfer between South Korea’s registered exchanges will soon face Travel Rule scrutiny, regardless of how small the amount involved happens to be. The country’s Cabinet approved this change on Tuesday, amending the Enforcement Decree under the Act on…
More money keeps leaving South Korea’s crypto ecosystem than coming back in, and the latest numbers show no sign of that changing anytime soon. According to Financial Supervisory Service(FSS) data obtained by lawmaker Lee Jong-wook and local news media report,…
In a major development with wide ramifications for digital asset sector, South Korea’s Financial Intelligence Unit (FIU) is calling on global regulators to close gaps in crypto anti-money laundering enforcement, proposing that the Financial Action Task Force’s(FATF) Travel Rule be…
Key Takeaways South Korean payments giant BC Card has moved a step closer to integrating stablecoins into everyday commerce, completing a pilot that allowed overseas visitors to pay Korean merchants using digital assets. The trial, announced on Tuesday, involved blockchain…
Kim Nam-kuk, a lawyer and politician from South Korea, will apparently liquidate his bitcoin holdings due to a conflict of interest with his holdings.
Key Takeaways Naver Financial, the fintech arm of South Korea’s largest internet company, is moving forward with plans to acquire Dunamu, the operator of Upbit, the country’s biggest cryptocurrency exchange. The agreement will be structured as a share exchange, making…
Key Takeaways A 33-year-old South Korean man has been arrested in Thailand on allegations of laundering crypto for call-centre gangs by converting it into gold bars worth more than 1.6 billion baht(Thai currency), amounting to almost USD50 million. The suspect,…
Key Takeaways South Korea’s Ministry of Small and Medium Enterprises(SMEs) and Startups has proposed an amendment to its startup law that would allow crypto firms to qualify as venture companies. The legislative notice, released on July 9, 2025, outlines a…
Key Takeaways The Bank of Korea has formally suspended preparations for the second phase of its central bank digital currency (CBDC) pilot, halting a project that had been scheduled to proceed in the final quarter of 2025. Participating banks were…
