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South Korean financial regulators have introduced unified and stricter standards for the cryptocurrency withdrawal delay system to combat voice phishing. Key Takeaways: FSC and DAXA implemented unified rules after data showed 59% of fraud occurred via withdrawal exceptions. The stricter mandates are projected to slash withdrawal exception eligibility by more than 99%. FSS and DAXA … Read more
South Korea’s Toss, operated by Viva Republica, is developing a proprietary layer one (L1) blockchain mainnet and native cryptocurrency to integrate across its payment, banking, and securities ecosystem, according to an April 6, 2026, report from the regional blockchain outlet Blockmedia. Key Takeaways: Toss, operated by Viva Republica, is building an L1 blockchain mainnet and … Read more
Asian equity markets posted broad gains on Wednesday, as investors responded to de-escalation signals in the U.S.-Israel-Iran conflict that reduced immediate threats to global oil supply. Nikkei, KOSPI, Hang Seng Rise as Iran Conflict Signals Shift Japan’s Nikkei 225 led the advance, climbing approximately 2.90% to close near 53,766 — recovering from correction territory reached … Read more
South Korea’s National Tax Service (NTS) is moving to hand off seized virtual assets to private custody providers after a recent security lapse exposed the risks of doing it in-house. Korea Tax Authority Fast-Tracks Crypto Custody Selection The agency is reportedly working to select a qualified custody firm within the first half of the year, … Read more
This week saw the artificial intelligence (AI) industry rocked by a potential Microsoft-OpenAI legal dispute over a $50 billion Amazon cloud partnership, Nvidia announcing $1 trillion in chip orders at its GTC developer conference, and new federal warnings that surging AI data center demand is destabilizing the U.S. power grid. Microsoft Eyes Legal Action Microsoft … Read more
South Korean lawmakers are once again tearing up the script on crypto taxation, this time with a proposal to scrap the levy altogether before it ever sees daylight. South Korea Crypto Policy Shift Could Remove Tax Burden Entirely According to the regional news publication Digital Asset, South Korea’s opposition party has introduced legislation to fully … Read more
The Bank of Korea has launched Phase 2 of its Project Hangang central bank digital currency pilot, expanding real-world testing of the digital won with broader banking participation and new programmable payment features. Korea Explores CBDC- Stablecoin Hybrid Model in Project Hangang Expansion The March 18 announcement marks a renewed push by the Bank of … Read more
South Korea’s Hana Financial Group has signed a strategic partnership with Standard Chartered Group to collaborate on global banking operations and emerging digital asset businesses, including stablecoins. Hana Financial–Standard Chartered MOU Targets Stablecoins, Custody and Global Markets According to the Korea Herald and several other local reports, the memorandum of understanding (MOU) was signed March … Read more
South Korean regulators have imposed a roughly $25 million fine and a six-month partial business suspension on crypto exchange Bithumb after finding millions of anti-money-laundering and identity-verification violations. Bithumb Sanctioned by South Korean FIU Over Identity Verification Failures Reports note that South Korea’s Financial Intelligence Unit (FIU), operating under the Financial Services Commission, finalized sanctions … Read more
With bitcoin trading between $65,962 and $73,669 this week, market data shows South Korea posted its deepest discount to global prices since December 2024. Rare Bitcoin Discount Hits South Korea — Only Three Such Events Since 2022 Bitcoin is trading at a discount in South Korea, as metrics collected at 7 p.m. EST Tuesday show … Read more