South korea

South Korea's Gopax halted standard withdrawals at 2:55 p.m. and trading at 3:53 p.m. Friday after a hacking-threat email, and is transferring all held assets to cold wallets with no loss reported so far.

South Korea's government will ask lawmakers to delay its 22% crypto gains tax to 2029 and let investors carry losses forward for up to three years.

South Korea is weighing a fourth delay of its 22% crypto tax, pushing the start from January 2027 to 2029 so authorities can access U.S. trading data once Washington joins the OECD’s Crypto-Asset Reporting Framework.

The Bank of Korea told lawmakers it will draft a forex law amendment this year to regulate stablecoins as a means of payment, a plan that points to tighter cross-border controls rather than legal-tender status.

The South Korean bank has become the first in the country to offer the bitcoin-related service.

The closely watched bitcoin retail market in the Asian nation is making moves again.

Bithumb has begun legal action to recover bitcoin distributed in error during a February promotional event.

South Korea has fined Bithumb $24.6M, suspending new-user services for six months over AML violations.

South Korea is moving to approve spot bitcoin ETFs this year as part of a broader crypto policy shift that pairs regulated market access with stricter stablecoin rules and expanded use of blockchain in public finance.

Hyundai Group evacuated staff from two Seoul offices after receiving a bomb threat email demanding bitcoin.