Tag: South Korea

Starting in December 2026, South Korea will require local crypto exchanges to report users who have transferred digital assets overseas since July 19, 2024. Under the updated rules, exchanges must submit daily and monthly reports to the Bank of Korea about these transactions. 해외 코인 거래소 한번이라도 썼으면 내 통장 ...

On October 19, 2026, the Autorité des Marchés Financiers published its quarterly update, naming a new batch of sites offering crypto-asset services to French residents without the required authorization under the EU’s Markets in Crypto-Assets (MiCA) regime. The cumulative tally for 2026 now stands at 64 names, sites that the ...

In December 2023, South Korean authorities captured Park, a cryptocurrency influencer known online as "Coin King Jonbur Kim", as he attempted to flee the country on a fishing boat to avoid a financial investigation. After serving several months in prison for that smuggling attempt, authorities rearrested Park in February 2025. ...

On October 13, South Korea's Financial Intelligence Unit ordered the blocking of internet access to 27 unregistered overseas cryptocurrency exchanges. The affected platforms include KuCoin, MEXC, Phemex, and BitMart. The decision followed regulatory reviews conducted on October 6 and 7 by the Korea Communications Standards Commission, which approved the restrictions. ...

Jeonbuk Bank introduced South Korea's first won-denominated loan secured by Bitcoin on October 12, 2026. The regional bank is currently offering this service strictly to corporate clients who need working capital. Borrowers can pledge their Bitcoin as collateral to receive traditional fiat currency. Jeonbuk Bank built a custom valuation model ...

Meritz Securities, one of South Korea’s major brokerages, has signed a partnership deal with Ripple to explore digital asset custody and tokenization infrastructure for the country’s regulated capital markets.  The agreement was signed at Meritz’s headquarters in Seoul, with Meritz Securities CEO Jang Won-jae and Ripple President Monica Long in ...

South Korean President Lee Jae Myung has confirmed a coordinated cyberattack targeting the country’s financial sector. He has ordered government agencies to send personnel and resources immediately to contain the damage. The breach affected seven financial institutions, including Shinhan Bank, KB Kookmin Bank, Hana Bank, Woori Bank, BNK Busan Bank, ...

MoonPay has officially launched MoonPay Korea as it looks to make South Korea a base for expanding its business across Asia. The company plans to combine its global payment and stablecoin systems with services from Korean financial institutions and companies, focusing on overseas remittances, payments, settlements, and the global distribution ...

South Korea's Financial Services Commission is considering whether to allow market making in the digital asset market as part of the country's second major crypto law. Market makers provide regular buy and sell orders, helping traders find buyers and sellers more easily. The practice is currently banned under the Virtual ...

The Bank of Korea (BOK) has launched a pilot programme for its first 24-hour international settlement network for the Korean won, allowing foreign investors to trade and settle transactions outside South Korea’s conventional banking hours. The system processed its first transaction worth approximately 1.4 billion won ($1 million) within 30 ...