South Korea is reportedly moving ahead with a 22% tax on crypto gains above 2.5 million won, targeted for 2027. The plan could hit active traders, tighten exchange reporting, and reignite the fight over whether taxing crypto helps the market or just drives activity offshore.
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South Korea’s regulator has begun a sanctions process against Dunamu, the company behind Upbit, but key details are still under wraps. With no named violation or penalty yet, the move signals scrutiny for the country’s largest crypto exchange without confirming a major breach.
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South Korea’s FSS has launched sanctions proceedings against Dunamu after Upbit’s wallet breach, but the case is exposing a bigger problem: the law is still fuzzy on how to punish hacks and system failures. Upbit says users will be reimbursed, but regulators clearly want more than apologies and corporate cleanup.
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South Korea’s police are poised to hand seized crypto custody to Upbit operator Dunamu after it topped a competitive tender, with security and operational readiness outweighing price. The move follows past missing-Bitcoin blunders and could push authorities toward more professional custody setups.
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Infinit (IN) ripped nearly 10% higher on Upbit as trading volume exploded, while Bitcoin, XRP, and Ethereum mostly sat on their hands. That’s not a broad market rally — that’s a concentrated rush of speculative money into one token on one exchange, with Korean retail traders clearly in the mood to chase heat. IN rose […]
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South Korea’s biggest banks are no longer treating crypto like a weird side-hustle. Hana Bank has just approved a massive 1 trillion won investment — roughly $670 million — for a 6.55% stake in Dunamu, the company behind Upbit, the country’s dominant crypto exchange. Hana Bank approved a 6.55% stake in Dunamu The deal is […]
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South Korea has locked in a January 2027 start date for its crypto tax, ending years of delays and political foot-dragging. The new rule will hit gains above 2.5 million won a year, with a combined 22% tax on crypto profits. 22% crypto gains tax begins in January 2027 2.5 million won yearly threshold before […]
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South Korea has finally nailed down a start date for its long-delayed crypto tax, and traders hoping the whole thing would quietly die in committee can stop dreaming. Tax date locked: Jan. 1, 2027 Rate: 22% on gains above 2.5 million won Scope: Crypto transfers and lending income Rollout: Guidance due in 2026, first filing […]
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Meteora (MET2) Jumps as Upbit Flags Extreme Greed and 500% Volume Spike surged onto Upbit’s radar after a sharp volume burst, an “extreme greed” reading of 94, and the kind of price action that can make momentum traders feel like geniuses right before the chart reminds them who’s really in charge. MET2 hit the top […]
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South Korean Crypto Showdown: Upbit’s Legal Victory and Bithumb’s Billion-Dollar Blunder South Korea remains a hotbed of cryptocurrency drama as two seismic events unfold, spotlighting both the regulatory tightrope and operational vulnerabilities of major exchanges. Upbit, the nation’s top crypto platform, has clinched a crucial court win against punitive sanctions, while rival Bithumb reels from […]
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