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.