South Korea’s Financial Intelligence Unit has blocked 27 unregistered crypto exchanges, including @BitMart and @KuCoin, as stricter regulations prompt $110 billion in capital outflows. #Breaking #Legal $BTC
South Korean authorities will block access to 27 unregistered crypto platforms, including @KuCoin and @MEXC, enforcing penalties of up to five years in prison or fines. #Breaking #Legal $BTC
@JeonbukBank has begun offering bitcoin-backed loans to corporate clients, allowing firms to borrow in Korean won against $BTC collateral, with a court-ordered sale process for defaults. #Update #Crypto $BTC
South Korea led East Asia’s crypto market from July 2025 to June 2026, totaling $449.1 billion, driven by AI token trading; Japan and Hong Kong followed at $228.3 billion and $192.2 billion, respectively. #Update #Crypto $WLD
South Korea’s Financial Services Commission and Korea Securities Depository unveil a roadmap for tokenizing stocks, bonds, and funds by Feb. 4, 2027, supported by @Avalanche infrastructure. #Update #Crypto $AVAX
@OKX Ventures will invest 80 billion won ($53 million) for a 19.6% stake in Coinone, alongside Korea Investment & Securities, pending regulatory approval. #Update #Crypto $USDT
North Korea’s Foreign Ministry denies allegations of supporting hackers, claiming the accusations are false and politically motivated. Alleged North Korean cybercriminals reportedly stole $577 million since early 2026. #Update #Crypto
A South Korean court lifted @Bithumb’s six-month suspension, initially imposed for anti-money laundering violations, but the status of a $24.6M fine remains unclear. #Update #Legal $BTC
Bank of Korea Governor Shin Hyun-song emphasizes CBDCs and deposit tokens in his inaugural address, omitting stablecoins amid ongoing regulatory discussions. He aims for enhanced crypto market oversight. #Update #Crypto $BTC
South Korea’s Ministry of Economy and Finance will test blockchain-based deposit tokens for government spending in Q4 2023, aiming to modernize public fund management. #Update #Crypto $USDT
North Korean IT workers are generating $1 million monthly in cryptocurrency through fake identities, with total transactions exceeding $3.5 million since November 2025, raising international concerns. #Update #Crypto $BTC
@Drift reports a cyber attack on April 1, 2026, resulting in a loss of $280 million, linked to North Korean group UNC4736. Security measures are being implemented. #Breaking #Crypto $USDT (-8) ↘
South Korea fines @Bithumb $24.5M for over 6.65 million AML violations, including unregistered foreign VASP transactions; a six-month partial ban on external transfers for new clients is also imposed. #Breaking #Legal $BTC
South Korea is set to allow public companies to invest in cryptocurrencies, but may restrict dollar-backed stablecoins like $USDT and $USDC due to legal conflicts. A parliamentary bill could recognize stablecoins as valid payment methods. #Update #Crypto $USDT $USDC
