South Korea Invests 3B Won in AI Tax Tracking After Coinbase Draws Heat Over System Strain
TL;DR South Korea allocates 3 billion won to build an AI-driven system that tracks cryptocurrency profits ahead of new tax rules set for 2027. The platform
south korea (Latest Publications)
South Korean Prosecutors Liquidate $21.5M in Bitcoin Seized From Phishing Case
TL;DR: The Gwangju District Attorney’s Office in South Korea sold 320.8 confiscated Bitcoin and transferred the equivalent of $21.5 million to the national treasury. The assets
South Korea Regulators Target Bithumb With Partial Suspension
Bithumb, one of South Korea’s largest exchanges, received a preliminary sanction notice that could result in a partial suspension of operations for six months, according to reports
South Korean Lawmakers Approve 20% Ownership Cap for Crypto Platforms After Months of Dispute
TL;DR: South Korea’s regulators and lawmakers agreed to cap major shareholders of crypto exchanges at 20%, with FSC-defined exceptions up to 34%. Upbit and Bithumb would
Korea Ex-police Exec Gets 6 Years Over $90K Bribes
A former senior police officer in South Korea was sentenced to six years in prison and fined 100 million won after a court found he took
South Korea Tightens Oversight of Confiscated Digital Assets After Recovery Phrase Exposure
TL;DR: South Korea will urgently review its custody protocols for confiscated cryptocurrencies after the National Tax Service leaked a wallet recovery phrase. The tax agency’s error
South Korea Tax Office Leaks Wallet Seed, $4.8M in Seized Crypto Reportedly Drained
TL;DR: South Korea’s National Tax Service leaked a seed phrase in a press release; 4 million PRTG worth $4.8 million were drained. On-chain data showed three
Crypto Influencers Face Mandatory Disclosure Under New South Korea Proposal
A lawmaker from the Democratic Party of South Korea introduced a bill that would require financial influencers to disclose their asset holdings and any compensation received when promoting cryptocurrencies
Bank of Korea Seeks Tight Control Over Stablecoin Issuance; Push for Bank‑Led Won Tokens Intensifies
TL;DR: The Bank of Korea submitted a proposal to parliament requesting that only licensed commercial banks be allowed to issue won-denominated stablecoins. The draft includes 100%
Hanwha Partners With Jito Foundation to Launch Liquidity‑Staking ETPs in South Korea
TL;DR: Jito Foundation signed a strategic alliance with Hanwha Asset Management to develop JitoSOL-based liquid staking ETPs in South Korea. JitoSOL is the largest liquid staking
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