News
The decision closes a legal battle spanning more than a year, after Dunamu moved to overturn the sanction and halt its enforcement.
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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.
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South Korean crypto exchange Bithumb files for a court-approved asset freeze to reclaim 7 BTC remaining from a February payout error.
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The Financial Services Commission said inconsistent exemption rules created loopholes that allowed funds to move quickly with minimal account history.
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The draft proposal from South Korea’s ruling party reportedly bars stablecoin interest and calls for technical standards to ensure interoperability across blockchain networks.
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An inspection found slow reconciliation cycles and weak trade-halting systems across major crypto exchanges.
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South Korea's crypto market welcomes a new entrant as a Swiss DeFi player makes its debut in the Asian country.
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The reported acquisition talks come as South Korea is considering a 20% cap on major crypto exchange shareholders, which would force major platforms to restructure ownership.
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According to the company CFO, Bithumb was “strengthen[ing] accounting policies and internal controls” ahead of its IPO plans, already delayed from 2025.
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Naver Financial delayed its Dunamu share swap by about three months as antitrust and crypto law reviews continue and Upbit operator profits decline.
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Bithumb was reportedly given a six-month partial suspension by South Korea’s Financial Intelligence Unit for alleged anti-money laundering failures.
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South Korea’s tax agency is seeking a private custodian for seized crypto after a wallet seed phrase leak exposed government-held assets.
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The ruling Democratic Party responded, saying it has not formed a consensus on abolishing the tax but will review the new proposal.
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Local media outlet Asiae reported that the national police aim to select a private custody provider in the first half of 2026.
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The partnership targets foreign travelers in South Korea, adding real-world merchant access through a major local payments processor.
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Regulators found 6.65 million AML violations at Bithumb, including 45,772 crypto transfers involving 18 unregistered overseas VASPs.
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