Tag: South Korea
South Korea Introduces Reporting Requirements on International Stablecoin Transactions
Reading time: < 1 minuteThe South Korean government plans to establish a monitoring system for virtual asset transactions in the second half of 2025 in order to ensure safe and appropriate trading.
Bithumb to Go Public on Nasdaq
Reading time: < 1 minuteBithumb, a virtual asset exchange based in South Korea, has announced its plans to potentially list on the Nasdaq market in the United States.
South Korea Launches System to Monitor Crypto Fraud
Reading time: < 1 minuteThe Financial Supervisory Service (FSS) of South Korea has announced the launch of a “continuous monitoring system” to detect suspicious crypto transactions on exchanges.
South Korea Crypto Exchanges to Reevaluate 1,300 Tokens
Reading time: < 1 minuteSouth Korea’s 20 crypto exchanges and their representative body have collaborated to create a new set of industry standards for local cryptocurrency companies.
Bitcoin Kimchi Premium Reaches a Two-Year High in South Korea
Reading time: < 1 minuteCryptoQuant analysts have reported that the overpayment on South Korean crypto exchanges compared to global values has reached a 27-month high of 10.32%.
South Korea Raises $4.6M in Crypto Taxes
Reading time: < 1 minuteThe Gyeonggi province of South Korea’s Tax Department has announced that they successfully retrieved $4.6 million in taxes from cryptocurrency evaders in 2023.
South Korea Records Increasing Number of Suspicious Crypto Transactions
Reading time: < 1 minuteAccording to South Korean financial intelligence, there has been a 49% increase in suspicious transactions involving digital assets in the country in 2023.
Terraform Labs Former CFO is Extradited to South Korea
Reading time: < 1 minuteMontenegrin police have stated that former CFO of Terraform Labs, Han Chang-joon, has been extradited from Montenegro to South Korea.
South Korea Allows People Report Unlicensed Cryptocurrency Exchanges
Reading time: < 1 minuteOn December 4, regulators in South Korea advised individuals to report any unlicensed cryptocurrency exchanges operating in the region.
South Korea Will Launch A CBDC Pilot
Reading time: < 1 minuteThe Bank of Korea (BOK) is preparing to launch a pilot program for a central bank digital currency (CBDC) in collaboration with the Financial Services Commission (FSC) and Financial Supervisory Service (FSS).
