South Korea crypto holdings halve in a year as investors turn to stock market
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- Crypto holdings in South Korea have halved over the past year as investors shift toward the stock market.
- DAXA says the proposed reporting rule is disproportionate, warning it could push users to offshore platforms like Binance and raise suspicious‑transaction reports from about 63,000 to over 5.4 million – an 85‑fold surge.
- South Korea Finance Ministry confirmed that the 22% tax on crypto gains will be applied from Jan 1 2027 as scheduled.
- Samsung SDS won a contract to build and run a blockchain‑based securities platform for the Korea Securities Depository, with the system slated for completion by Feb 2027.
- South Korea is advancing a broader push to develop market infrastructure for tokenized assets ahead of a new legal framework expected in early 2027.
Why it matters: Investors shift to stocks as crypto holdings halve, while the Finance Ministry locks in a 22% tax to boost revenue; exchanges confront an 85‑fold surge in compliance alerts, risking migration to offshore platforms.
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