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
South Korean police name Bithumb CEO Lee Jae-won a bribery suspect after a second raid; investigation involves hiring solicitation claims. #Breaking #Legal
Seoul police raided @BithumbOfficial HQ again on June 8, 2026, in a probe involving lawmaker Kim Byung-ki’s son. Bithumb denies irregularities. #Update #Legal
South Korean prosecutors indict five in first criminal case over a DEX rug pull; CATFI’s Solana scheme left 256 investors with $600K losses. #Breaking #Legal
Hana Bank will acquire a 6.55% stake in Dunamu, Upbit’s parent, for $670M by June 15, marking the largest Korean bank investment in digital assets. #Breaking #Finance
K bank partners with @Ripple to test blockchain remittances, expanding Ripple’s reach to 100+ institutions. Phase 2 includes UAE and Thailand stablecoin transfers by 2026. #Update #Crypto $XRP
BOK Governor Shin Hyun-song prioritizes CBDC and deposit tokens, omits stablecoins in digital won strategy amid South Korea’s Digital Asset Basic Act finalization. #Update #Crypto
South Korea’s Bank of Korea urges crypto exchanges to adopt circuit breakers after Bithumb’s bitcoin distribution error exposed control weaknesses. #Update #Crypto $BTC
South Korea mandates a 5-minute audit rule for crypto platforms to enhance transparency and security, impacting operations across exchanges. #Update #Legal
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
@KresusLabs has secured $13 million from Hanwha Investment & Securities to enhance its digital wallet infrastructure and tokenization platforms, highlighting institutional interest in crypto security solutions. #Update #Crypto $BTC $ETH
South Korea’s Democratic Party plans to introduce a Digital Asset Basic Law by February 17, 2026, requiring stablecoin issuers to hold $3.5M capital and lifting a ban on corporate crypto investments. #Update #Crypto
South Korea is moving to allow investments in foreign virtual assets, including stablecoins, while the Bank of Korea develops a new licensing system for digital asset issuance. #Update #Crypto $USDT
