SEOUL, South Korea – Authorities have hit cryptocurrency exchange Coinone with a substantial penalty. The Financial Intelligence Unit (FIU) has fined the platform 5.2 billion won ($3.5 million) and ordered a three-month partial suspension of its business. This action, reported by multiple local media outlets on April 14, 2026, stems from serious failures in anti-money […]
SEOUL, South Korea – The Bank of Korea is pushing lawmakers to mandate emergency “circuit breakers” for cryptocurrency exchanges, a direct response to the staggering market fallout from Bithumb’s $40 billion Bitcoin distribution error earlier this year. This regulatory move signals a significant shift in how South Korean authorities view the risks inherent in digital […]
South Korean cryptocurrency exchange Bithumb has escalated its efforts to recover millions in digital assets, filing for a court-approved asset freeze to reclaim 7 Bitcoin. The move, reported on April 9, 2026, stems from a staggering administrative error in February that mistakenly distributed hundreds of thousands of Bitcoin. This legal action signals a tough stance […]
SEOUL, South Korea – Major financial firm Korea Investment & Securities (KIS) is reportedly in talks to acquire a stake in cryptocurrency exchange Coinone. This potential move, reported by Korean media in late March 2026, comes as the South Korean government pushes for stricter ownership rules that could force a major restructuring of the country’s […]
South Korea’s second-largest cryptocurrency exchange, Bithumb, faces a important leadership decision as it seeks to reappoint CEO Lee Jae-won despite mounting regulatory penalties and operational controversies that have shaken investor confidence. The proposed reappointment comes during a critical period for South Korea’s cryptocurrency industry, which has experienced both rapid growth and increased regulatory oversight since […]
SEOUL, South Korea – March 19, 2026 – South Korea’s political space faces a significant cryptocurrency policy clash as the main opposition party launches a legislative effort to abolish a planned 22% digital asset tax before its scheduled 2027 implementation. This development creates substantial uncertainty for the country’s crypto market participants and tax authorities who […]
SEOUL — South Korea’s National Police Agency (KNPA) has drafted new operational guidelines for handling seized cryptocurrencies, including privacy-focused tokens, following several high-profile incidents where digital assets were lost or mishandled while in government custody. New Directive Aims to Standardize Evidence Handling According to a report by local media outlet Asiae, the KNPA completed a […]
March 17, 2026 — Crypto.com has formed a strategic partnership with KG Inicis, a major South Korean payment gateway, to introduce cryptocurrency payment options for foreign visitors across the country. The collaboration aims to bridge digital assets with mainstream commerce by employing one of the nation’s largest merchant networks. Partnership Details and Market Reach KG […]
SEOUL, South Korea — March 12, 2026: In a significant move highlighting the evolving challenges of state-held digital assets, South Korean authorities have finalized the sale of $21.5 million in Bitcoin recovered after a sophisticated phishing attack temporarily removed the cryptocurrency from government custody. The Gwangju District Prosecutors’ Office confirmed the transfer of 31.59 billion […]
On March 11, 2026, authorities in Gwangju, South Korea, confirmed the completion of a critical $21.5 million Bitcoin sale, finalizing a high-stakes recovery operation after a significant government custody breach. The Gwangju District Prosecutors’ Office transferred 31.59 billion Korean won to the national treasury after selling 320.8 Bitcoin (BTC) recovered from a hacker who briefly […]
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