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CoinDesk (@CoinDesk)
NEW: A public petition to repeal South Korea's planned 22% crypto tax has surpassed 50,000 signatures, triggering a mandatory National Assembly review.
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Wu Blockchain (@WuBlockchain)
RTHK reported that Bank of Korea Governor Rhee Chang-yong, speaking at the Asian Financial Forum in Hong Kong, noted South Korea has allowed residents to invest in overseas-issued virtual assets amid market pressure, while regulators are considering a new registration regime that would allow domestic institutions to issue virtual assets. He also warned a KRW-denominated stablecoin could be used to circumvent capital-flow management, and that exchange-rate swings could drive rapid shifts into USD stablecoins and large fund transfers, with non-bank issuance further complicating oversight. https://gbcode.rthk.hk/TuniS/news.rthk.hk/rthk/ch/component/k2/1841396-20260126.htm
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Wu Blockchain (@WuBlockchain)
It may be related to the martial law declared by the South Korean president. Currently, all cryptocurrency exchanges in South Korea are down and trading is almost impossible. t.me/pojangmacha_kr…
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