South Korea NTS Seeks Custody Firm After Crypto Breach
TLDR South Korea’s National Tax Service began reviewing private custody providers after a security lapse exposed wallet recovery p...
South Korea Builds AI Crypto Tax System Before 2027 Launch
TLDR South Korea has allocated 3 billion won to build an AI-powered system to track cryptocurrency gains before 2027. The National...
South Korea Proposes 6-Month Partial Ban on Bithumb
TLDR South Korea’s Financial Intelligence Unit issued a preliminary notice proposing a six-month partial suspension of Bithumb. Re...
Seized Crypto Lapses Push South Korea to Enforce Tighter National Controls
TLDR South Korea launched a nationwide audit to strengthen controls over seized crypto assets. The Finance Ministry and financial...
South Korea Tax Office Leak Triggers $4.8M Crypto Loss
TLDR South Korea’s National Tax Service exposed a crypto wallet seed phrase in an official press release. Unknown actors used the...
Bithumb Fat-Finger Error: 2,000 BTC Mistakenly Credited, Triggering Local Flash...
TLDR Bithumb mistakenly credited 2,000 BTC to hundreds of users, triggering a flash crash. Bitcoin briefly traded 10% below global...
South Korea’s FSC Pushes 20% Ownership Cap on Crypto Exchanges Despite Industry...
TLDR: FSC proposes 15-20% ownership cap on crypto exchange major shareholders under Digital Asset Basic Act framework. Upbit oper...
South Korea Considers Domestic Virtual Asset Issuance as Stablecoin Oversight Ti...
TLDR: South Korea allows residents to invest in overseas virtual assets while domestic issuance remains under review Regulators ar...
U.S. Investors Demand Investigation of South Korea Over Coupang’s Data Breach Re...
TLDR Two U.S. investors filed arbitration claims against South Korea under the U.S.-Korea Free Trade Agreement (KORUS). The invest...
South Korea Advances Legal Framework for Tokenized Securities
TLDR South Korea approves amendments to integrate tokenized securities into capital markets with legal backing. The revised Electr...