News
Wemade added Chainlink to its Korean won stablecoin alliance to strengthen oracle and data infrastructure as South Korea debates stablecoin regulation.
1257
South Korea News
South Korea, officially the Republic of Korea, is a country in East Asia. The country is home to almost 52 million people and uses the South Korean won as its currency. Its capital city, Seoul, is geographically located in the nation’s upper region. Thanks in part to its bustling capital and the nation’s landscape, South Korea’s economy benefits from various factors, including high technological advancement. South Korea borders North Korea, also known as the Democratic People’s Republic of Korea.
South Korea has stringent crypto regulations focused on preventing illegal activities and ensuring transparency. Cryptocurrencies like Bitcoin (BTC) are regulated under precise Anti-Money Laundering and securities regulations enforced by the Financial Securities Commission (FSC) of South Korea.
Reporting guidelines for crypto service providers, including centralized and decentralized exchanges, are fundamental in South Korea. The regulatory framework is influenced by the government’s evolving policy stance on crypto assets. When sold, cryptocurrencies held as investments are subject to a 20% capital gains tax for individuals and 22% for corporations. Additionally, cryptocurrencies used for payments may incur a 10% value-added tax in South Korea.
- News
South Korea’s stablecoin debate remains stalled as the central bank raises concerns over capital flows, issuer oversight and US dollar-linked risks.
3264 - News
South Korean crypto exchange Coinone has reportedly begun selling major shareholder stakes, with Coinbase rumored to be eyeing a strategic entry.
1061 - News
Prosecutors in South Korea reportedly discovered the Bitcoin was missing during a routine inspection of seized financial assets.
2502 - News
South Korea is reportedly reviewing exclusive bank partnerships for crypto exchanges as regulators assess competition and prepare the Digital Asset Basic Act.
2097 - News
South Korea’s customs agency charged three suspects over a more than $100 million crypto-linked remittance scheme using WeChat Pay and Alipay, per Yonhap.
3262 - News
Google will require proof of FIU registration acceptance for crypto apps, raising compliance hurdles for offshore exchanges serving South Korean users.
2830 - News
South Korea’s FSC reportedly shared guidelines allowing listed companies to invest up to 5% of equity in the top 20 cryptocurrencies, ending a 2017 ban.
3746 - News
The ruling confirms that Bitcoin in South Korean exchange accounts is an “object of seizure” under criminal law, aligning Seoul with US and EU enforcement practices.
3676 - How to
South Korea’s stablecoin rules are stalled as regulators clash over whether banks or fintechs should issue won-backed tokens.
2353 - News
The proposal highlights South Korea’s push to align crypto oversight with securities markets, raising stakes for exchanges and traders alike.
5094 - News
With trading-hour extensions and digital finance upgrades underway, Korea Exchange is positioning for crypto ETFs while approvals remain stalled.
4787 - News
Millions of long-inactive users still hold crypto at Bithumb, highlighting how early retail capital can remain untouched for years.
4066 - News
A stablecoin bill backed by South Korean President Lee Jae-myung is reportedly delayed until 2026 amid concerns over issuer oversight.
3573 - News
A key lawmaker overseeing financial institutions reportedly sought to secure a job for one of his sons at a crypto exchange while raising concerns about a competitor.
3516