18 stories about South Korea from across the crypto press, curated and summarized daily. Most recent: Oct 25, 2026.
The Bank of Korea told lawmakers it plans to draft a foreign-exchange law amendment this year covering stablecoins used as a means of payment. The proposal points to tighter oversight of cross-border transfers, not recognition of stablecoins as legal tender.
South Korea is moving to block website access to 27 crypto exchanges it considers unregistered, including BitMart and KuCoin. The step extends earlier restrictions on mobile apps and is intended to limit investor exposure to platforms operating outside the country’s registration rules.
South Korea has seen its first traditional bank loans secured by bitcoin. The loans use third-party custodians to hold the bitcoin, while court-ordered sales are the stated route for recovering funds if a borrower defaults.
South Korea's financial regulator has proposed detailed rules for tokenized securities, setting capital requirements, OTC trading licenses, and retail investment limits. The rules are part of a broader plan to launch a full tokenized securities market by February 2027.
South Korea's Financial Services Commission (FSC) has introduced a three-phase roadmap for tokenized securities, with the first phase launching in February 2027. The plan ultimately aims to allow onchain settlement using stablecoins, covering all types of securities.
South Korea's financial regulators have unveiled a phased roadmap to move traditional capital markets onto distributed ledgers, culminating in onchain stablecoin settlement by February 2027. The initiative aims to modernize the country's capital markets and enhance efficiency through blockchain technology.
South Korean lawmakers are pushing for a bill that would give the Financial Intelligence Unit (FIU) more power to investigate and report unregistered crypto firms to law enforcement. This move aims to tighten regulations and ensure compliance in the rapidly growing crypto market.
BitGo has secured a virtual asset license in South Korea, claiming to be the first global crypto company to do so. The move highlights the growing institutional interest in South Korea's crypto market, backed by major local financial players.
The CEO of Delio, a centralized finance (CeFi) lender, was sentenced to 15 years in prison for embezzling $50 million from over 1,100 customers. This case highlights the risks of entrusting funds to unregulated crypto platforms.
Circle, the issuer of USDC, is partnering with South Korean tech giant Kakao and digital bank Toss Bank to explore blockchain-based stablecoin payment infrastructure in South Korea.
South Korea's regulator is taking action against Dunamu, the operator of Upbit, following a $36 million hack. The case highlights gaps in the country's Virtual Asset User Protection Act regarding penalties for security breaches.
South Korea plans to update a 76-year-old law to recognize cryptocurrencies as national assets, signaling a major shift in regulatory stance. The government also announced plans to pilot tokenized government bonds next year and explore tokenizing state-owned real estate.
South Korea plans to test tokenized government bonds linked to its central bank digital currency (CBDC) system in 2027. This move follows the implementation of new token securities regulations, aiming to streamline government bond issuance and trading.
South Korea's Financial Services Commission has placed token securities infrastructure within a wider capital-market modernization plan covering faster settlement, longer trading hours and digital transformation.
South Korea's finance ministry has declared tokenized stocks as securities, not crypto assets, which could lead to taxation as early as the second half of 2026. This move may impact investors and the broader crypto market in the region.
Chainalysis, a leading blockchain analytics firm, has teamed up with South Korea's national police to tackle crypto-related crimes, including those linked to North Korea. This collaboration aims to enhance the country's ability to track and prevent financial crimes involving digital assets.
South Korean police have reportedly launched the country's first illegal gambling probe into local Polymarket users amid election-betting scrutiny. The investigation marks a significant regulatory action against decentralized prediction markets.
South Korea's Financial Services Commission (FSC) will release detailed regulations for tokenized securities this July. These rules will precede a broader legal framework for blockchain-based securities set to take effect in February 2027.