“No Tax, No Coin” — Korean Municipalities Accelerate Crypto Asset Seizures
South Korean local governments are rapidly stepping up efforts to collect overdue taxes by directly seizing and liquidating delinquent taxpayers’ crypto assets. Cities such...
“Should I Invest in Stablecoins?” Surge in Inquiries from Elderly Korean Investors at PB...
In a surprising turn, South Korea’s private banking (PB) centers are reporting a notable increase in stablecoin-related inquiries from high-net-worth seniors in their 70s...
Korean Regulator Warns ETF Managers: “Don’t Add More Coinbase”
South Korea’s Financial Supervisory Service (FSS) has verbally advised local asset management firms to refrain from increasing exposure to crypto-related companies—particularly Coinbase and MicroStrategy—in...
Bank of Korea Launches “Digital Asset Unit” to Address KRW Stablecoin Developments
In response to accelerating discussions on digital asset regulation and stablecoin institutionalization, the Bank of Korea (BOK) has established a new Digital Asset Unit...
While Global Banks Offer Crypto Custody and Trading, Korean Banks Still Lag Behind —...
As global banks ramp up their crypto capabilities—offering custody, trading, and execution—Korean banks remain largely restricted from providing even basic crypto custody services.
The U.S....
Crypto Exchanges Pay Over ₩120 Billion in Deposit Interest in Just One Year
South Korea's major cryptocurrency exchanges have paid more than ₩120 billion in deposit interest over the past year, following the enactment of the Virtual...
KODA and Samsung Fire & Marine Launch $20M Crypto Insurance for Institutional Custody
Korea Digital Asset (KODA), a crypto custody platform jointly established by Hashed and KB Kookmin Bank, has signed a digital asset insurance contract with...
Hanwha Asset Management Eyes Solana and XRP as Potential ETF Underlyings
Hanwha Asset Management has revealed that it is actively considering Solana (SOL) and XRP alongside Bitcoin and Ethereum as base assets for upcoming crypto-related...
Korean Card Industry Forms Stablecoin Legislation Task Force to Prepare for Payment Market Shift
Korea's card industry is launching a proactive response to the potential institutionalization of won-based stablecoins. The Credit Finance Association and the nation’s major card...
Korbit Joins Circle’s Global Alliance to Expand USDC Ecosystem Participation
Korbit, one of Korea’s leading crypto exchanges, has officially joined the Circle Alliance Program, a global initiative led by Circle, the issuer of the...
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Overseas Financial Account Reports Surpass 94 Trillion Won… Driven by Crypto...
This year, the total value of overseas financial account reports surged 46% year-on-year, marking a record high. According to the National Tax Service, reported...
