South Korea’s main opposition People Power Party has proposed eliminating the planned 2027 tax on digital asset income, raising worries about double taxation and policy inconsistencies. According to a local news outlet, Floor Leader Song Eon-seok’s proposal aims to eliminate the present income tax provisions on digital assets from the
Crypto.com announced a collaboration with KG Inicis, South Korea’s leading payment gateway, to scale the digital asset payments ecosystem by allowing crypto payments for foreign tourists and improving the ease of digital transactions across the country. Expanding Crypto Payment Access According to today’s announcement, KG Inicis will support and promote
Police have arrested several individuals who are linked to the vandalism attacks after being paid in cryptocurrency. Authorities say that the suspects were hired through encrypted messaging platforms and were instructed to damage property as part of a private revenge service. An arrest was made The recent arrest was of
Deputy Prime Minister and Minister of Finance and Economy Koo Yun-cheol has announced on X that the government would review the way in which crypto is handled and managed. This comes after several failures exposed the weakness in the system. Review is expected to entail management of digital assets acquired
The attorneys from South Korea have reportedly recovered around $21.4 million worth of bitcoin stolen from their custody in 2025, as per the local media reports. In December 2025, the Gwangju District Prosecutors’ Office found that they had lost the bitcoin captured from a raid on a gambling platform. The
South Korea has taken a big step by rebuilding corporations into its crypto market after scrapping a nine-year ban. The Financial Services Commission (FSC) has set up new protocols permitting listed bodies and professional companies to resume trading, successfully ending the 2017 ban. This initiative is a part of the
South Korea’s biggest cryptocurrency exchange Upbit has finally listed the native token of Bittensor (TAO) on its spot market on February 16, 2026. The exchange has included multiple trading pairs for the Korean won (KRW), Bitcoin (BTC), and Tether (USDT). The listing of TAO on Upbit will enable South Korean
The Financial Supervisory Service (FSS) of South Korea released its business plan, which included aggressive measures to tighten crypto regulation by targeting risk practices that collapse the crypto market, as well as stronger IT and cybersecurity accountability for financial firms. According to South Korea’s Yonhap local news agency report, Financial
South Korean digital bank KBank, also known as a “big partner” of Upbit, has filed trademarks related to stablecoin and crypto wallet services. This is particularly interesting as the bank is soon to go public with its initial public offering. The filing of trademarks indicates that KBank is planning to
Binance is intensifying its push into South Korea by strengthening its position around local exchange Gopax and the GoFi ecosystem. The move signals a calculated effort to gain a stronger footing in one of Asia’s most tightly regulated yet highly active crypto markets. This is happening at a time when
