Global #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.