Global #South Korea

South Korea's Financial Intelligence Unit (FIU) has issued a suspension notice to Upbit, a leading cryptocurrency exchange, for alleged Know Your Customer (KYC) violations.

South Korea has officially commenced discussions to develop the second phase of its crypto regulatory framework, aiming to finalize the legislation within the second half of this year.

South Korea is poised to significantly relax its restrictions on institutional crypto trading. The Financial Services Commission (FSC) plans to gradually grant institutions, starting with non-profit organizations, access to local crypto exchanges.

The United States and South Korea have formalized a partnership to enhance cybersecurity and combat the growing threat of North Korean-backed crypto heists.

The South Korean cryptocurrency sector has suffered a significant setback following the declaration of martial law in early December.

South Korea's cryptocurrency market experienced a significant downturn following President Yoon Suk Yeol's declaration of martial law on December 3rd.

South Korea's cryptocurrency market has experienced a significant surge in trading volume, surpassing even the nation's stock market by a margin of 22%.

South Korean lawmakers have reached an agreement to delay the implementation of crypto taxes until January 2027. This marks the third postponement of the tax, which was initially scheduled for January 2021.

South Korea’s ruling political party is pressing forward with its plan to impose taxes on cryptocurrency gains starting in 2025, despite previous delays and proposals for further postponements.

Cryptocurrency is reshaping South Korea’s job market in ways that some experts say could have long-term implications for employment trends in the country.

South Korean crypto-related stocks are experiencing significant gains as Bitcoin (BTC) prices approach new all-time highs.

In a significant move to recover local tax arrears, North Gyeongsang Province in South Korea has seized cryptoassets valued at approximately $890,000 from residents who have failed to pay their taxes.