Tag: South Korea
South Korea Tightens Crypto Travel Rule to Track Smaller Transfers
South Korea seeks Travel Rule coverage for smaller crypto transfers globally. FIU targets AML loopholes created by transaction splitting and smurfing. New rules will require…
Solana Lands Major Bank Deal as Toss Tests Global Payments Network
Toss Bank will test Solana-based stablecoin transfers for faster remittances. The pilot explores lower-cost settlement solutions for cross-border payments. South Korea’s evolving crypto rules could…
SPX6900 Price Soars Nearly 10% on Upbit and Bithumb Debut
SPX6900 gained nearly 10% after simultaneous Upbit and Bithumb listings. Korean retail demand boosted liquidity and drove strong SPX trading activity. Dual exchange support expanded…
South Korea May Tax Tokenized Stocks as Securities by Late 2026
South Korea’s Finance Ministry views tokenized stocks as securities, not virtual assets. Tokenized stocks can be taxed immediately under the current Capital Markets Act. Taxation…
South Korea’s NHN KCP Bets Big on 2-Second Stablecoin Transfers
NHN KCP tested stablecoin payments with Payco across online and offline services. Avalanche infrastructure enabled stablecoin settlements within two seconds during pilot testing. South Korea…
South Korea to Launch Tokenized Securities Rules This July
South Korea will release tokenized securities issuance rules in July. The rules will allow portfolio-style fractional investment securities backed by similar assets. A public-private council…
South Korea Targets Tether Laundromats in Major Crypto Crackdown
Police will intensify crackdowns on Tether “laundries” used to launder crime money through USDT. Police are building crypto-investigation capacity with specialized training and a nearly…
South Korea Confirms 22% Crypto Tax Starting January 2027
South Korea confirmed that crypto taxes will take effect in January 2027. Taxation applies to profits over 2.5 million KRW annually. The tax rate is…
South Korea Scrambles as $115B Flows Into Dollar Stablecoins
South Korean investors moved $115.3 billion to overseas exchanges in 2025, weakening the won below 1,500 per dollar. Local stablecoin holdings dropped 55% as capital…
