South Korea is considering revoking its “one crypto exchange, one bank” rule to boost competition and deregulate the market ahead of new digital assets legislation. Announcement expected by year-end. #Update #Crypto $BTC $ETH
Three Chinese nationals allegedly laundered $100 million in cryptocurrencies through South Korean banks, disguising funds as cosmetic surgery and education payments. The case underscores regulatory challenges in crypto transactions. #Update #Crypto $USDT
XRP has overtaken Bitcoin and Ethereum as South Korea’s top trading asset, driven by local traders prioritizing its liquidity for short-term speculation, with Upbit listing it as the most-traded cryptocurrency. #Update #Crypto $XRP
South Koreans transferred over 160 trillion won ($110 billion) to foreign crypto exchanges in 2025 due to strict domestic regulations, limiting local trading options. #Update #Crypto $BTC $ETH
South Korean regulators fined crypto exchange Korbit $1.90 million for violating anti-money laundering laws. #Breaking #Legal
@Korbit fined 2.73 billion won ($1.9M) for anti-money laundering violations as it seeks acquisition by Mirae Asset; regulatory actions include warnings against executives. #Breaking #Legal $BTC
South Korea’s Digital Asset Basic Act (DABA) faces delays due to disputes over KRW-pegged stablecoin issuance, with the Bank of Korea advocating for a 51% ownership rule, while the Financial Services Commission seeks more flexibility. #Update #Crypto $USDC
@MiraeAsset is in talks to acquire 92% of South Korean exchange Korbit for up to 140 billion won ($97 million), marking its first venture into cryptocurrency. #Update #Crypto $KORBIT
South Korean lawmaker Min Byung-duk advocates for stablecoin regulation to preserve financial sovereignty, warning reliance on foreign tokens could undermine local economic control. #Update #Crypto $USDT
South Korea will enforce stricter regulations on cryptocurrency exchanges post-Upbit hack, mandating user compensation, tougher IT security standards, and penalties up to 3% of annual revenue. #Update #Crypto $BTC $ETH
@Kite launched its native token, achieving a $263 million trading volume in hours and a $159 million market cap; total supply is capped at 10 billion. #Update #Crypto
Ethereum’s recent underperformance against Bitcoin has raised concerns, with $6 billion from South Korean retail investors allegedly supporting Ethereum treasury companies. ETH is down 1.9% in 24 hours and 5% against BTC over the past month. #Update #Crypto $ETH
South Korean authorities arrested 16 members of an international hacking syndicate for stealing over $28 million from affluent individuals, including BTS’s Jungkook. $9.2 million was recovered. #Breaking #Crypto
A South Korean court gave suspended sentences to three involved in the V Global crypto scam, defrauding 50,000 victims of $1.44 billion. #Update #Legal
