Global #South Korea

South Korea is accelerating its push to formalize the cryptocurrency market through the upcoming "Digital Assets Second Stage Act."

Representative Min Byoung-dug of the Democratic Party of Korea has issued a sharp warning to the government, stating that a lack of stablecoin legislation is no longer just a regulatory gap—it is a threat to the nation’s monetary independence.

The prominent crypto venture capital firm Andreessen Horowitz (a16z) Crypto has officially announced the opening of its first Asia-based office in Seoul, South Korea.

South Korea's Financial Services Commission (FSC) is strengthening its cryptocurrency regulations to combat money laundering, a move that is expected to impact market liquidity and international crypto interactions.

South Korea's financial watchdog, the Financial Intelligence Unit (FIU), is intensifying its efforts to enforce anti-money laundering (AML) compliance in the country's growing crypto market.

On November 7, 2025, South Korea indicated it is considering a review of its own sanctions measures following the latest round of designations by the U.S. Treasury Department.

Crypto.com is expanding its presence in South Korea by partnering with local fintech company Travel Wallet to launch a joint prepaid card.

Binance has officially finalized its long-sought acquisition of Gopax, marking the crypto giant's return to the South Korean market after a two-and-a-half-year absence.

South Korea is reportedly lifting a ban that has prevented crypto companies from being classified as venture companies, which will give them access to significant financial benefits.

South Korea has passed a new law that mandates the full disclosure of funds from virtual asset sales when they are used to buy a home.

South Korea's Financial Services Commission (FSC) has published a new set of guidelines for crypto lending services on centralized exchanges.

The South Korean government has officially joined the Crypto-Asset Reporting Framework (CARF), an initiative by the Organization for Economic Cooperation and Development (OECD).