South Korea | Crypto

South Korea may soon overhaul its crypto rules after all major presidential candidates have supported Bitcoin ETFs and institutional investment. Their coordinated pledges reflect expanding retail demand and parallel developments in the United States, setting up a decisive policy test on 3 June. The post CryptoQuant: South Korea’s Three Presidential Front-Runners Embrace Crypto – Policy Shift Ahead? appeared first on Cryptonews.

South Korea's Democratic Party has launched a Digital Asset Committee of scholars, blockchain executives and regulators, making crypto policy a central election issue. The group seeks presidential authority and is drafting a Digital Asset Act on user protection and market growth. The post Is South Korea’s Digital Asset Committee About to Redefine Crypto Regulation? appeared first on Cryptonews.

South Korea’s new Digital Asset Committee joins similar initiatives such as the Virtual Asset Committee launched in late 2024 by the Financial Services Commission. The largest political party in South Korea, the Democratic Party, has launched a Digital Asset Committee focused on developing cryptocurrency policies and promoting industry growth. The committee held its inaugural meeting at the National Assembly Members’ Hall in Seoul on May 13, the local news agency News1 reported. During its first meeting, the committee highlighted the importance of resolving regulatory uncertainty and addressing burning issues like stablecoin regulation amid the push for US-dollar stablecoins by the US government. Read more

RedotPay’s crypto cards are now live in South Korea, challenging the country’s traditional payment networks with real-time stablecoin transactions. Hong Kong-based fintech firm RedotPay has reportedly launched its cryptocurrency-enabled payment cards in South Korea, positioning itself as a potential disruptor in a market dominated by traditional credit card firms and mobile payment services. The company’s crypto debit cards — both physical and virtual — are now accepted at all Korean merchants that support Visa, according to a May 9 report by The Korea Economic Daily. The move marks RedotPay’s latest step in global expansion, following its earlier partnership with Visa and BIN sponsor StraitsX in February 2025 to enhance cross-border crypto payment capabilities. Read more

Stablecoin flows have dominated South Korea’s cross-border crypto activity in Q1 2025, composing 47 % of the ₩56.8 trn sent abroad as traders seek dollar-pegged pairs; yet inbound transfers have exceeded outflows, and pending regulation has become a key topic before the June presidential election. The post Stablecoin Flood Swells to ₩26.9 T, 47 % of South Korea’s Q1 Crypto Outflows appeared first on Cryptonews.