South Korea

Bitcoin News

South Korean authorities crack down on a $107.5 million crypto money laundering scheme involving plastic surgery payments.
Bitcoin News

Crypto Money Laundering Crackdown: Shocking $107.5M Plastic Surgery Scheme Unraveled in South Korea

January 19, 2026 Jackson Miller

SEOUL, South Korea – In a major financial crime crackdown, South Korean customs authorities have arrested three individuals for allegedly laundering a staggering 148.9 billion won ($107.5 million) through a sophisticated cryptocurrency scheme that exploited international demand for plastic surgery and education. This high-profile case, announced by the Seoul Main Customs office, underscores the escalating […]

South Korean crypto trading volume decline shown on exchange monitoring screens in Seoul
Bitcoin News

South Korean Crypto Trading Volume Plummets: Staggering 82.5% Collapse Hits Major Exchanges

January 18, 2026 Jackson Miller

SEOUL, South Korea – January 2025: The once-booming cryptocurrency trading scene in South Korea has entered a period of profound contraction. Recent data reveals a staggering collapse in market activity, with daily trading volume on the nation’s top five exchanges plummeting by over 80% compared to the same period last year. This dramatic shift signals […]

Upbit exchange announces suspension of Hippo Protocol HP token transactions for network maintenance
Bitcoin News

Upbit Announces Critical Suspension of HP Deposits and Withdrawals for Major Network Upgrade

January 16, 2026 Jackson Miller

In a significant move for the Asian cryptocurrency market, South Korea’s premier digital asset exchange, Upbit, has declared a temporary halt on all deposit and withdrawal services for the Hippo Protocol (HP) token. This key suspension, effective from 9:00 a.m. UTC on January 28, directly results from a scheduled network upgrade for the Hippo Protocol […]

South Korea's financial regulator FSC proposes strict liability and heavy fines for cryptocurrency exchange security breaches
Bitcoin News

South Korea’s Controversial Crypto Crackdown: 10% Revenue Fines for Hacked Exchanges Spark Industry Backlash

January 16, 2026 Jackson Miller

SEOUL, South Korea – February 2025 – In a decisive move that could reshape the nation’s digital asset environment, South Korea’s Financial Services Commission (FSC) is drafting stringent regulations that would impose strict liability and potentially crippling punitive fines of up to 10% of an exchange’s revenue for security breaches. This proposal, first reported by […]

South Korean National Assembly debates cryptocurrency exchange ownership cap regulations
Bitcoin News

South Korea Crypto Regulation Sparks Controversy as Ruling Party Opposes Ownership Caps

January 16, 2026 Jackson Miller

SEOUL, South Korea – A proposed cryptocurrency exchange ownership cap has ignited significant opposition within South Korea’s ruling Democratic Party, creating a key moment for the nation’s digital asset regulation framework. Industry leaders and academic experts have joined political figures in challenging the 15-20% ownership limit proposal, arguing instead for strengthened market fairness regulations. This […]

Coinone investment warning on CLBK and seven other tokens signals regulatory shift
Bitcoin News

Coinone Investment Warning: The Critical 2025 Regulatory Move Targeting 8 Tokens Including CLBK

January 16, 2026 Jackson Miller

In a significant regulatory development shaking South Korea’s cryptocurrency environment, Coinone has designated eight digital assets as investment warnings, marking a important moment for investor protection in 2025. The Seoul-based exchange announced this decisive action on Tuesday, targeting Cloudbric (CLBK), LoungeM (LZM), Crust Network (CRU), Fancy (FNCY), Iskra (ISK), Everyworld (EVERY), Havah (HVH), and sKLAY […]

Upbit exchange places NAP cryptocurrency on investment warning list with regulatory implications
Bitcoin News

Upbit Investment Warning: NAP Cryptocurrency Faces Critical Scrutiny in South Korean Market

January 16, 2026 Jackson Miller

SEOUL, March 2025 – South Korea’s leading cryptocurrency exchange Upbit has triggered significant market attention by designating Napoli (NAP) as an investment warning item, a move that immediately impacted trading volumes and investor sentiment across Asian markets. This regulatory action represents the latest development in South Korea’s ongoing efforts to enhance investor protection within the […]

South Korean city of Cheongju enforces tax law by selling seized cryptocurrency from delinquents.
Bitcoin News

Cheongju’s Landmark Move: South Korean City Sells Seized Crypto from Tax Delinquents in Historic Enforcement Action

January 16, 2026 Jackson Miller

In a definitive move blending modern finance with civic duty, the South Korean city of Cheongju has successfully sold confiscated cryptocurrency from local tax delinquents, converting digital assets into public funds and setting a powerful precedent for municipal enforcement. This landmark action, completed in late 2024, represents the first finalized sale since the city initiated […]

South Korea government clarifies cryptocurrency valuation rules for inheritance and gift taxes in 2025.
Bitcoin News

South Korea Crypto Tax Clarity: New Rules Bring Relief for Inheritance and Gift Valuation

January 16, 2026 Jackson Miller

SEOUL, South Korea – January 16, 2025 – The South Korean government has delivered important clarity for cryptocurrency holders by specifying definitive valuation standards for virtual assets subject to inheritance and gift taxes. This long-awaited move, announced by the Ministry of Economy and Finance, establishes a transparent, market-based framework that directly impacts financial planning for […]

Ethereum Foundation and Undefined Labs partnership transforming South Korean financial sector education
Bitcoin News

Ethereum Foundation’s New Partnership with Undefined Labs to Revolutionize South Korea’s Financial Sector

January 15, 2026 Jackson Miller

SEOUL, SOUTH KOREA — April 2025 marks a transformative moment for Asia’s fourth-largest economy as blockchain education firm Undefined Labs announces a strategic partnership with the Ethereum Foundation Enterprise Team, launching an ambitious initiative to educate South Korea’s entire financial sector about Ethereum technology and its institutional applications. Ethereum Foundation’s Strategic Move into South Korean […]