South Korea Archives - Page 3 of 24

Korean Peninsula cryptocurrency divide showing Seoul's digital economy versus Pyongyang's cyber operations

Exclusive: How South Korea’s Crypto Boom Funds North Korea’s Weapons Program

March 7, 2026 Jackson Miller

SEOUL/PYONGYANG, February 4, 2026 — A stark cryptocurrency divide now defines the Korean Peninsula, where South Korea’s booming digital asset markets directly contrast with North Korea’s weaponized blockchain operations. While Seoul’s retail traders dominate global exchange volumes, Pyongyang’s state-sponsored hackers extract billions to fund weapons programs, creating historic geopolitical tensions in global crypto governance. This […]

South Korean financial regulator enforcing the new 20% crypto exchange ownership cap for major shareholders.

Breaking: South Korea Enforces 20% Crypto Exchange Ownership Cap for Major Shareholders

March 4, 2026 Jackson Miller

SEOUL, South Korea — March 15, 2026: In a decisive move to strengthen market integrity, South Korea’s top financial regulator has imposed a strict ownership limit on cryptocurrency exchanges. The Financial Services Commission (FSC) finalized rules capping major shareholder stakes at 20%, a policy with immediate ramifications for the nation’s digital asset field. This regulatory […]

South Korean government official ordering cryptocurrency audit after security failures and lost Bitcoins

Urgent South Korea Crypto Audit Ordered After 22 Lost Bitcoins, $4.8M Leak

March 2, 2026 Jackson Miller

SEOUL, South Korea — March 15, 2026: South Korea’s Financial Services Commission (FSC) has ordered an rare nationwide audit of all seized cryptocurrency holdings following three major security incidents that exposed critical gaps in digital asset oversight. The emergency directive comes after authorities lost 22 Bitcoins worth approximately $1.4 million, suffered a $4.8 million token […]

South Korean Finance Minister demands investigation into missing Bitcoin and Bithumb error.

Urgent Probe Demanded Into Missing 22 BTC and $40B Bithumb Error

March 2, 2026 Jackson Miller

SEOUL, South Korea — March 15, 2026: South Korea’s Finance Minister has issued a forceful directive for an immediate and comprehensive investigation into two major cryptocurrency incidents that have exposed critical vulnerabilities in the nation’s digital asset oversight. The urgent order follows the confirmed loss of 22 Bitcoin (BTC) from Seoul police custody and the […]

South Korea proposes a new law requiring financial influencers to disclose crypto holdings for investor transparency.

New Crypto Law: South Korea Proposes Mandatory Disclosure of Influencer Holdings

February 25, 2026 Jackson Miller

Seoul, South Korea – March 2025: In a significant move to regulate the intersection of social media and finance, South Korea’s ruling party has introduced a pioneering legislative proposal. The new law would mandate that financial influencers, known as ‘finfluencers,’ publicly disclose their personal cryptocurrency holdings and any promotional compensation received. This initiative marks a […]

Bank of Korea issues crucial warning on risks of Korean won stablecoin issuance for monetary policy.

Essential Warning: Bank of Korea Urges Strict Limits on Won Stablecoin Issuance

February 23, 2026 Jackson Miller

Seoul, South Korea – April 2025: In a decisive move with profound implications for the nation’s financial future, the Bank of Korea (BOK) has issued a critical warning to lawmakers, urging them to impose strict legislative limits on the issuance of Korean won-pegged stablecoins. The central bank’s renewed and forceful stance highlights acute concerns that […]

Authorities recover $21 million in seized Bitcoin after a security breach in South Korea.

Seized Bitcoin Recovery: Authorities Reclaim $21M After Critical Custody Breach

February 19, 2026 Jackson Miller

Seoul, South Korea – April 2025: In a stark demonstration of both vulnerability and resilience, South Korean prosecutors have successfully recovered approximately 320 Bitcoin, valued at $21.4 million, after the seized digital assets were stolen from official custody. The recovery, executed through coordinated freezes with cryptocurrency exchanges, exposes profound weaknesses in how law enforcement agencies […]

XRP price chart showing sharp decline following a major sell-off on the Upbit cryptocurrency exchange.

XRP Plunges Below $1.60: Analyzing the $50 Million Upbit Sell-Off and Market Fallout

February 16, 2026 Jackson Miller

Seoul, South Korea – April 10, 2025: The cryptocurrency market witnessed a significant tremor today as XRP, the digital asset associated with Ripple, fell sharply below the psychologically important $1.60 level. This sudden price drop followed a concentrated sell-off of approximately 50 million XRP tokens on Upbit, South Korea’s largest digital asset exchange. The wave […]

South Korean police badge and hacked USB drive representing the $1.5M Bitcoin custody breach.

Shocking: South Korean Police Lose $1.5M in Seized Bitcoin During Custody Audit

February 14, 2026 Jackson Miller

Seoul, South Korea – March 2026: In a stunning breach of digital asset security, South Korean police have confirmed the loss of 22 Bitcoin, valued at approximately $1.45 million, from their custody. The shocking incident occurred during a routine 2026 digital asset audit at the Gangnam Police Station in Seoul, revealing that the seized cryptocurrency […]

Mirae Asset acquires controlling stake in Korbit crypto exchange, signaling major institutional crypto adoption in South Korea.

Mirae Asset Acquires Controlling Stake in Korbit Crypto Exchange: A Decisive Move for Institutional Adoption

February 13, 2026 Jackson Miller

Seoul, South Korea – April 2025: In a landmark transaction that signals a profound shift in the financial space, Mirae Asset Financial Group has acquired a controlling 92.06% stake in Korbit, one of South Korea’s pioneering cryptocurrency exchanges. The strategic investment, valued at 133.5 billion won (approximately $100 million USD), represents one of the most […]