South Korea Moves to Curb Concentrated Ownership of Crypto Exchanges
The South Korean financial regulator is pushing for ownership ceilings on cryptocurrency exchanges, modeling the approach on existing securities market safeguards.
“Cosmetic Surgery” Ruse Allegedly Hid $102M Crypto Laundering Ring Busted in South Korea
Posing as payments for cosmetic surgery and tuition, an alleged international laundering network processed roughly $102 million through cryptocurrency and South Korean banks before being busted by customs investigators.
FSC Aims to Restrict Corporate Crypto Investment to 5% of Equity
A new rule limiting corporate cryptocurrency holdings to 5% of equity capital is under consideration in South Korea.
Key Disputes Push South Korean Crypto Law into 2026
A landmark bill that would shape South Korea’s cryptocurrency landscape, including allowing won-based stablecoins, has been delayed until 2026.
Report Alleges Lawmaker Pressured Crypto Exchange Over Son’s Employment
A new report has triggered scrutiny of a South Korean opposition leader’s ties to the cryptocurrency industry.
South Korean Ruling Party Demands Stablecoin Plan, Floats Consortium Model
South Korea’s ruling party has drawn a line in the sand, ordering the Financial Services Commission to deliver a stablecoin regulatory plan by December 10.
Upbit Hack Echoes Past Exchange Vulnerabilities in $37M Heist
In a sobering reminder of the crypto industry’s security risks, South Korea’s largest exchange, Upbit, has been hacked for $37 million.
