Tagged: south korea

November 10, 2026 @ 2:08 am By Michael Wong  |  

South Korea’s government plans to postpone cryptocurrency income taxation by another two years to 2029, citing gaps in overseas transaction data and the need for clearer regulations, The Korea Times reported. The reported cited Finance Minister Lee Hyoung-il as saying that the government would work… Read More

November 4, 2026 @ 8:04 pm By Omar Faridi  |  

South Korea’s ruling Democratic Party has formally asked the government to postpone the planned taxation of income from cryptocurrency and other virtual assets, which is currently scheduled to begin on January 1, 2027. Party leader Kim Min-seok announced the decision on Wednesday following a meeting… Read More

October 30, 2026 @ 12:33 am By Omar Faridi  |  

South Korea’s cryptocurrency exchange Bithumb has confirmed that an unauthorized external party accessed an internal mobile groupware system used exclusively by its employees, resulting in the exposure of personal information. The digital assets focused company discovered the irregular access on Tuesday and immediately reported the… Read More

October 27, 2026 @ 2:11 am By Omar Faridi  |  

Oracle network provider Chainlink and LG CNS, the information technology and AI transformation subsidiary of South Korea’s LG Group, announced a strategic partnership aimed at advancing the country’s regulated digital asset infrastructure. LG CNS serves as the primary technology contractor for the Bank of Korea’s… Read More

October 26, 2026 @ 1:53 am By Omar Faridi  |  

South Korea’s top financial regulator has signaled that consultations on a comprehensive digital asset law are approaching their conclusion, even as lawmakers and market participants step up pressure over the timing of a long-postponed tax on cryptocurrency gains. On October 22, 2026, during a comprehensive… Read More

October 19, 2026 @ 8:30 am By Omar Faridi  |  

A Seoul court has cleared a prominent South Korean cryptocurrency influencer of major fraud charges tied to two digital tokens that allegedly involved roughly 340 billion won in investor funds. On October 15, 2026, the 13th Criminal Division of the Seoul Southern District Court, led… Read More

October 18, 2026 @ 2:17 am By Omar Faridi  |  

South Korean brokerage Meritz Securities has entered a strategic memorandum of understanding with the Canton Foundation, marking a significant step toward exploring the tokenization of domestic financial assets and their potential integration into worldwide institutional markets. The agreement, formalized earlier this month at Meritz’s headquarters… Read More

October 13, 2026 @ 10:56 pm By Omar Faridi  |  

South Korea’s digital asset sector is seeing two contrasting developments in quick succession. On one side, a regulated bank has launched the country’s first won-denominated loans secured by bitcoin for corporate borrowers. On the other, financial authorities have expanded restrictions on unregistered virtual asset service… Read More

October 11, 2026 @ 9:51 pm By Tony Zerucha  |  

South Korea and tokenization “Proposed rules would allow stocks, bonds, and investment funds to operate under the country’s tokenized securities framework when it comes into effect in 2027. “The framework includes requirements covering capital, compliance personnel, technology systems and the management of distributed ledger records…. Read More

October 3, 2026 @ 10:30 am By Omar Faridi  |  

South Korea’s financial regulator has taken the next formal step toward putting tokenized securities into the existing capital markets system, publishing draft subordinate rules that would let the framework start operating in early 2027. On October 1, 2026, the Financial Services Commission (FSC) proposed amendments to… Read More

October 1, 2026 @ 12:44 am By Omar Faridi  |  

South Korea’s Financial Services Commission (FSC) is studying whether a formal market-maker regime should be written into the country’s next digital asset law after a yen-linked token listed on Upbit briefly traded at several times the value it is meant to hold. The catalyst was… Read More

September 25, 2026 @ 12:11 am By Omar Faridi  |  

Two financial groups in East Asia have completed a proof-of-concept exercise designed to show how stablecoins might one day support institutional payments between Japan and South Korea without routing money through the US dollar. SBI Digital Practice, a subsidiary of Japan’s SBI Holdings (TYO: 8473)… Read More

September 23, 2026 @ 7:24 am By Omar Faridi  |  

South Korea’s Hana Bank has completed a $100 million foreign-currency digital bond on Euroclear’s distributed ledger platform, compressing a process that usually stretches across several business days into a same-day settlement. The five-year note was placed on Friday through Euroclear’s Digital Financial Market Infrastructure, or… Read More

September 22, 2026 @ 10:13 pm By Omar Faridi  |  

South Korea’s consumer finance platforms have taken another step toward tokenized money. Kakao Pay and Kakao Bank have signed a memorandum of understanding with Fireblocks to study secure digital asset infrastructure in the country, with stablecoins at the center of the work. The non-binding pact,… Read More

September 21, 2026 @ 9:13 pm By Omar Faridi  |  

South Korea’s central bank has begun testing a new around-the-clock settlement system designed to make the won easier for overseas investors to use. The Bank of Korea started the trial of its international won wire network on Monday morning, working with four major domestic lenders:… Read More

September 17, 2026 @ 8:53 pm By Omar Faridi  |  

South Korea’s police have advanced a months-long inquiry into domestic use of Polymarket from investigation into formal charging. Twenty-six local participants on the crypto prediction platform have been booked on suspicion of illegal gambling, and 18 of those cases have already been sent to prosecutors…. Read More

September 14, 2026 @ 8:04 pm By Omar Faridi  |  

South Korea‘s crypto investors have again pressed lawmakers to postpone a long-delayed tax on virtual-asset profits, after a National Assembly petition calling for a two-year grace period cleared the 50,000-signature threshold needed for committee review. Regulatory and finance officials, however, have given little indication that they… Read More

September 6, 2026 @ 2:32 pm By Omar Faridi  |  

South Korea is preparing what appears to be one of the most progressive official programs yet to put conventional capital-market products onto blockchain rails. On September 4, 2026, the Financial Services Commission presented a staged policy roadmap for tokenized securities after a public-private council meeting… Read More

August 30, 2026 @ 8:43 am By Omar Faridi  |  

Dunamu, the company behind South Korea’s digital-asset platform Upbit, has formed a strategic alliance with Visa (NYSE: V) to build new payment and financial products at the intersection of stablecoins, cross-border transfers, and artificial intelligence. The two firms presented a joint roadmap at Visa’s Global… Read More

August 25, 2026 @ 5:40 am By Omar Faridi  |  

BitGo Holdings (NYSE: BTGO) has announced that its South Korean subsidiary has obtained official registration as a Virtual Asset Service Provider. This development enables the firm to deliver specialized custody and transfer solutions tailored to professional clients within one of the region’s fast-growing cryptocurrency ecosystems…. Read More