South Korea's National Tax Service has issued a procurement tender for an AI platform to analyze cryptocurrency trading data and flag potential tax evasion. The move marks a step up in enforcement and could raise compliance costs for traders and exchanges.
Internet Computer (ICP) jumped more than 20% on March 11 after South Korea’s Upbit listed the token with KRW, BTC and USDT trading pairs. The new pairs drove a sharp pickup in volume and price as local access expanded.
Local media report South Korean authorities have proposed a six-month suspension of virtual asset transfers for newly registered Bithumb users over alleged AML violations, while existing customers would remain unaffected.
South Korean authorities are moving to restrict corporate trading in USDT and USDC amid concerns that dollar‑pegged stablecoins could crowd out other currency alternatives. The proposal raises questions about liquidity, corporate treasury use, and the future of local digital currency options.
Seoul has removed a nine-year restriction that barred listed companies from investing in digital assets, enabling about 3,500 firms to enter the crypto market. Regulators say stablecoins such as USDC and USDT are expected to remain excluded under the new rules.
Hana Card, in partnership with Circle and Crypto.com, has launched USDC stablecoin payment services for international tourists in South Korea, enabling faster cross-border payments and lower FX friction.
South Korea’s KOSPI jumped more than 11% Thursday, reversing the previous day’s record single-day loss in one of the index’s most dramatic turnarounds. The equity surge outpaced gains in major crypto markets and highlighted acute volatility across risk assets.
South Korea's government and ruling party have reportedly agreed to cap major shareholders in cryptocurrency exchanges at 20%, with narrow exceptions for newly established platforms. The move is pitched as a way to limit concentration of control and reduce systemic risk.
South Korea's finance minister pledged urgent reforms after past custody failures revealed weaknesses in how authorities safeguard seized cryptocurrency. The announcement signals possible procedural, technological and legal changes that could affect enforcement and market actors.
The Democratic Party in South Korea has proposed a bill that would require influencers to disclose their stock and crypto holdings when promoting assets, targeting undisclosed promotions and potential market manipulation.