South Korea cybersecurity plans are moving toward tighter oversight after earlier security incidents affected banks, crypto firms and other financial companies. The Financial Services Commission said it wants stronger threat monitoring, more frequent security assessments and clearer executive accountability following…
Why Is South Korea Blocking 27 Crypto Exchange Websites?
South Korea exchanges are facing tighter access controls as regulators expand earlier restrictions from mobile apps to websites. The Financial Intelligence Unit said 27 unregistered crypto exchanges will have their websites blocked, including KuCoin, BitMart and MEXC. The action follows…
Will bitcoin-backed loans spread in South Korea now?
Jeonbuk Bank has started offering bitcoin-backed loans to corporate clients in South Korea, marking the first time a bank in the country has let firms borrow cash against their crypto holdings. The bank, which is part of JB Financial Group,…
Why Do 26 Polymarket South Korea Users Face Charges?
Polymarket South Korea has moved into a legal dispute after police opened cases tied to roughly 17.6 billion won in wagers on political, economic, and social outcomes. Data disclosed on September 17 through Democratic Party lawmaker Yoon Geon-young’s office showed…
Will Tokenized Securities Launch in South Korea by 2027?
South Korea has outlined a three-phase plan for tokenized securities as regulators prepare the country’s first formal framework for this market. The Financial Services Commission said tokenized securities will gain legal recognition from Feb. 4, 2027, when an update to…
Will South Korea FIU gain new powers over crypto firms?
South Korea FIU powers over unregistered crypto firms are at the center of a new bill introduced by People Power Party lawmaker Eom Tae-young and nine other lawmakers. Filed on Thursday, the proposal would amend the Act on Reporting and…
South Korea Blocks Polymarket Access Over Gambling Rules
South Korea has ordered Polymarket access to be blocked, adding the country to a list of more than 30 jurisdictions that restrict the prediction market platform. The Korea Media and Communications Standards Commission approved the move after concluding that Polymarket…
Korea crypto tax set to begin on Jan. 1, 2027 as planned
Korea crypto tax plans are moving back into focus as the government says it intends to begin taxing cryptocurrency gains on Jan. 1, 2027. Under the current framework, annual gains above 2.5 million won, or about $1,740, would be taxed…
Will South korean stablecoins face broader rules in 2027?
South korean stablecoins are at the center of a broader policy push as the Financial Services Commission reportedly prepares a consolidated Digital Asset Basic Act with the ruling Democratic Party. According to Edaily, the government-backed proposal would give lawmakers a…
Will Upbit sanctions advance after South Korea hack probe?
South Korea’s financial regulator has moved the Upbit sanctions case into a formal review following the exchange’s $36 million hack in November 2025. Yonhap News reported that the Financial Supervisory Service sent an inspection opinion letter to Dunamu, the company…
Qubic hack drains 1400 wallets and halts network activity
The Qubic hack led the layer-1 blockchain to stop operations on Sunday after an attacker…
Vitalik Buterin Unveils Kohaku: The Game-Changing Privacy Framework Revolutionizing Ethereum Wallets in 2025-2026
Buenos Aires, Argentina – In a highly anticipated keynote at Ethereum Cypherpunk Congress 2 on…
