South Korea’s proposed rules would require certain crypto-transfer businesses to register, report transactions and meet new compliance standards. The framework could cover some exchange-to-private-wallet transfers, but it does not approve USDT or USDC as general-purpose payment instruments.
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South Korea has approved access restrictions on 27 websites linked to unregistered crypto operators, including KuCoin, MEXC and BingX. The full list, rollout schedule and withdrawal deadlines remain unclear, leaving customers without a universal guide to accessing their funds.
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Jeonbuk Bank reportedly issued a corporate loan secured by Bitcoin, but Korean reports disagree on whether it was a formal offering or a one-off pilot. The bank’s loan terms, collateral safeguards and plans for wider availability remain unclear.
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South Korea is considering new liquidity rules for won stablecoins after local exchanges saw extreme price swings in supposedly “stable” tokens like PYUSD, JPYC, EURC, and USDG. Regulators are now weighing supply, redemption, and market-maker safeguards to stop thin markets from wrecking the peg.
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Hana Bank and Upbit Global are teaming up to build Travel Rule compliance rails for South Korea’s crypto market, aiming to make digital asset transfers safer, more verifiable, and bank-friendly. It’s not flashy, but this is the plumbing that could actually move crypto into the real economy.
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South Korea says its second-stage crypto bill is still headed for a November review, but the real battle is over stablecoins. Regulators and lawmakers are split on whether banks should control issuance — and U.S. policy pressure is only making the fight sharper.
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South Korea’s Eugene Investment and BEATOZ are testing whether stablecoins can handle the payment leg of tokenized securities subscriptions, aiming to keep issuance, payment, and settlement on one blockchain-based workflow. The move fits South Korea’s push toward regulated tokenized markets — with real infrastructure, not just crypto theater.
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South Korea is treating Polymarket users like gamblers, not crypto pioneers. Police say 26 people were booked in a $12.7 million probe, with on-chain data helping trace them despite the platform’s non-custodial setup.
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South Korean retail investors lost about $250 million in the first half of 2026 to a wave of stock-tip chatroom scams built on fake authority, bogus apps, and promised returns. Regulators are cracking down, but the same old fraud playbook keeps finding new victims.
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South Korea’s proposed cap on crypto exchange ownership could run into a legal wall if Naver Financial’s planned Dunamu takeover ever makes it a holding company. The rules aren’t in conflict yet, but if both take shape, the deal could get squeezed between a minimum stake and a maximum cap.
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