South Korea tightens crypto AML rules

South Korea’s National Tax Service is building a 2.99B won AI system to track crypto tax evasion, while police intensify crackdowns on Tether laundering operations.

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After a extended downtrend down to 0.0685, $HBAR printed a solid bullish engulfing move to break back above 0.070.

Key Signals: MA5 crossed back over MA10, and MACD turned green (0.00035), signaling a trend shift.

Bull Target: Resistance clear up to 0.0767 and 0.0808! The trend is reversing fast. 📈



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#South Korea tightens crypto AML rules



$MLK

$9BIT

$BLUM

$PHP


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$PUMP Oversold & Primed for a Bounce!

$PUMP tagged strong demand near 0.00138 and is printing its first green reversal candle right off the lower band. Sellers are losing steam, and a relief rally back up toward the 0.00169 0.00193 range looks incoming. Don't sleep on the bounce! ⛽️📈



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$HYDRA

$JASMY

$FRAX

$WEN


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🇰🇷📈 In Seoul, cryptocurrency trading is evolving into something that looks straight out of the future an actual E-sport. Competitive traders are reportedly battling each other in live derivative trading tournaments, turning high-speed crypto speculation into a spectator event. 🎮⚡ South Korea continues pushing the boundaries of digital culture, where finance, gaming, and technology are increasingly blending together in ways the rest of the world is only beginning to understand. Crypto trading is no longer just investing for some, it’s becoming competitive entertainment. 👀 Follow BFM Times for real-time updates on crypto, Web3, AI, finance, and global tech trends.

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We are excited to welcome Peggy Kwok, Senior Vice President, Fintech at Invest Hong Kong, to our Hong Kong Digital Asset Summit. In her role, Peggy is responsible for InvestHK's fintech engagement as part of the government department responsible for attracting and retaining foreign direct investment into Hong Kong. In her role, she works closely with financial institutions, fintech companies, and infrastructure operators to support the development of Hong Kong's digital asset and fintech ecosystem, connecting international participants with the regulatory and commercial conditions the city offers. Her presence brings a public-sector perspective on the conditions, regulatory, commercial, and institutional, that are shaping Hong Kong's position as a leading jurisdiction for digital asset market development.

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LATEST🚨 South Korea crypto volumes plunge as regulators tighten AML rules and propose a 22% tax, while Bithumb's accidental 620,000 BTC reward triggers an emergency sell-off.📉

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South Korean investors withdraw from crypto, capital shifts to equities The total crypto assets of South Korean investors have declined by more than 50% over the past year, dropping from $83.3 billion to $41.4 billion, while daily trading volume on major exchanges has fallen from $11.6 billion to $3 billion. The primary reasons are falling crypto prices and a shift in capital toward the stock market. Regulatory pressure has also intensified, as the government prepares to implement new AML regulations starting in August, which will automatically flag as suspicious any crypto transactions exceeding 10 million won (approximately $6,900) involving foreign exchanges or personal wallets. Additionally, a 22% tax on crypto profits is expected to take effect at the beginning of 2027.

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South Korean investors’ cryptocurrency holdings shrank by over 50% in one year, with funds accelerating into the stock market. Odaily May 10, 2026 Data submitted by the Bank of Korea to the National Assembly shows that the value of crypto assets held by Korean investors has

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South Korea's crypto holdings have halved in a year, with investors pivoting to the stock market. Meanwhile, three young DeFi apps have returned $96M in revenue to token holders in 30 days. A fascinating contrast in market trends! #Crypto #DeFi

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South Korea's crypto holdings dropped 50%+ over the past year, yet stablecoin holdings showed clear resilience — declining far less than the broader market. 📉🔁 Meanwhile, some funds appear to be rotating into local equities. A shift in risk appetite, not a crypto exit. 📊 #Web3 #Crypto #Stablecoins

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🚨 NEW: South Korean crypto holdings reportedly fell by more than 50% in one year Investors are moving capital back into the stock market as regulation, taxes, and weaker crypto momentum put pressure on retail activity. ➖ South Korea has been one of crypto’s most active retail markets ➖ Lower holdings can affect liquidity and trading volume ➖ Capital usually moves where confidence and opportunity look stronger Not every crypto story is adoption. Some stories show where attention and money are leaving. Could clearer rules and stronger market structure bring retail capital back? #Crypto