South Korea Sees Surge in Suspicious Crypto Transactions as First Eight Months of 2025 Exceed Previous Two-Year Total

FIU data show STR filings in the first eight months exceed the combined total of the past two years, prompting lawmakers to call for tougher oversight of stablecoins and underground remittances.

Sep 22, 2025

South Korea Lifts 7-Year Ban on Venture Capital Investment in Crypto Firms

The policy shift opens access to institutional funding and signals a new phase for Korea’s blockchain and digital asset industry.

Sep 11, 2025

South Korea to Pilot Digital Currency Subsidies With Six Major Banks

South Korea’s central bank and government plan to pilot digital currency for distributing over KRW 100 trillion in subsidies, with six major banks expressing interest. The project aims to use blockchain to prevent misuse and improve oversight, while discussions on a won-denominated stablecoin continue cautiously.

Sep 08, 2025

South Korea to Share Crypto Investor Data Globally Under OECD CARF Rules

South Korea will implement OECD’s Crypto-Asset Reporting Framework (CARF), requiring local exchanges like Upbit and Bithumb to report foreign investors’ data from 2026, with global information sharing to begin in 2027. The move aims to enhance tax transparency and curb offshore evasion, separate from Korea’s delayed crypto tax regime.

Sep 02, 2025

South Korea Arrests Crypto Scammers Behind $4.1M Fake Airdrop Scheme

South Korean police arrested three suspects in a $4.1M crypto scam, where victims were lured with fake airdrops and a worthless token called GCV.

Aug 28, 2025

South Korea Financial Committee to Finalize Virtual Asset Legislation Before September Parliamentary Session

South Korea's Financial Committee aims to complete preparations for the second phase of virtual asset legislation, including the Basic Act, before the September regular parliamentary session.

Aug 26, 2025

Ripple and BDACS Launch Institutional XRP Custody in South Korea, Signaling Regulatory-Driven Expansion

South Korea’s compliant custody provider Busan Digital Asset Custody Service has launched institutional XRP custody services, integrating access with major local exchanges.

Aug 07, 2025

South Korean Exchange Upbit Partners with Naver Pay to Launch Won Stablecoin

Upbit and Naver Pay have partnered to launch a KRW-backed stablecoin aimed at curbing the kimchi premium, following President Lee’s push for private-sector alternatives after Korea paused its CBDC plans.

Jul 02, 2025