Korea's Crypto Tax Starts in 2027. Volume Already Fell 54.6%.
South Korea's crypto tax lands January 2027, but exchange volume already fell 54.6% in the first half of 2026. The missing rule is on losses.
South Korea's crypto tax lands January 2027, but exchange volume already fell 54.6% in the first half of 2026. The missing rule is on losses.
The FSC's emergency inspection found three of South Korea's five major platforms reconciling balances only once every 24 hours. The trigger: Bithumb crediting 620,000 BTC — roughly $56 billion — to 249 users instead of 620,000 Korean won. Regulators have now mandated five-minute reconciliation cycles, automatic kill switches, monthly external audits, and daily public disclosure of results. The deadline is May 2026.
Two buyers, 20% each, through new shares. Hours earlier Hana Bank paid $670 million for Upbit's parent. Every major Korean exchange now has a suitor.
DOGE is holding above its mid-Bollinger Band on the weekly chart for the first time since October 2025, pointing to a potential 27% move toward $0.139. Three consecutive weeks of positive ETF inflows, totaling $1.75 million, are adding quiet but consistent institutional backing.
Two months after accidentally sending 620,000 BTC worth roughly $42 billion to 249 users instead of 620,000 Korean won each, the exchange has exhausted informal recovery options and turned to the courts.
Bithumb mistakenly sent 620,000 BTC instead of 620,000 Korean won to customers in February, triggering a localized price crash. South Korea's central bank now wants exchanges to have automated trading halts and real-time asset verification systems.
South Korea's FIU found 70,000 unverified customer accounts and 10,113 trades routed through 16 unregistered overseas platforms. The three-month partial suspension runs from April 29 to July 28. Existing users retain full access; only new account onboarding is blocked.
13.26 million investors. 22% on gains above $1,850. January 2027. The ruling party wants to kill it. The Finance Ministry says it's happening anyway.
Bithumb is one of South Korea’s largest crypto exchanges, a major venue for KRW-denominated trading. This tag tracks Bithumb’s IPO ambitions, its regulatory and tax scrutiny, its listing and delisting decisions, and its role in Korea’s retail-driven market. Coinliva covers the exchange news, the listing moves, and the regulatory backdrop for Korean trading.