South Korea's People Power Party has proposed canceling the 22% cryptocurrency capital gains tax set to take effect in 2027, arguing that the current tax system is immature and may create unfairness, particularly affecting young investors. The party is concerned that strict taxation could lead to capital outflows, with 110 billion dollars already having fled, impacting market activity. The bill is still under review, and its passage remains uncertain. If approved, it could boost market confidence and attract more investors.

Gate News report: On March 23, Allium Labs data showed that since July 2025, the stablecoin balance on South Korea's top five crypto exchanges has declined from approximately $575 million to approximately $188 million, a decrease of about 55%. As the Korean won-to-US dollar exchange rate fell below the 1,500 mark in mid-March, the pace of capital outflows accelerated further.

South Korea's President has nominated Shin Hung-song, Director of the Monetary and Economic Department at the Bank for International Settlements, to serve as Governor of the Bank of Korea. He has previously expressed concerns about Korean won stablecoins, believing they could lead to capital outflows and impact financial stability. There is external interest in how his stance on stablecoins may evolve after taking office.

Gate News Report: On March 21, South Korea's National Tax Service plans to complete the selection of virtual asset custodian service providers in the first half of this year. This initiative stems from a virtual asset theft incident that occurred last month, during which the National Tax Service inadvertently leaked mnemonic phrase information while announcing on-site search results, leading to the seized virtual assets being stolen twice in succession.

Gate News reports that on March 19, the South Korean government is preparing to launch a pilot project that will introduce blockchain-based deposit tokens for distributing fiscal subsidies. The project aims to test the application of blockchain technology in government subsidy disbursement.

Gate News, on March 18, the Korean exchange triggered the KOSPI circuit breaker mechanism due to a 5% rise in KOSPI 200 futures (South Korea's benchmark stock market index futures), suspending programmed trading for 5 minutes.

Gate News Report: On March 18, South Korean financial regulators stated that they will expand the 100 trillion won market stabilization plan if necessary. Additionally, regulators will also formulate specific measures to prohibit "dual listings" between parent and subsidiary companies (i.e., simultaneous listings of parent and subsidiary companies on the stock market).

Gate News report: On March 17, PayPal announced that it is expanding the wallet holdings for its stablecoin PYUSD to 68 additional countries and regions, bringing the total number of eligible markets to 70, a significant expansion from the previous limitation to only the United States and United Kingdom. New markets include Uganda, Colombia, Peru and others, covering more regions across South America, Africa, and Asia.

AetheriumX completes $8 million strategic funding, with funds to be used to optimize the Distributed Capital Intelligent Protocol (DCIP), expand the ecosystem, support developers, and specifically expand the ecosystem in the Asia-Pacific region, especially Japan and South Korea, with the goal of building a sustainable Web3 ecosystem.

BlockBeats Newsは11月19日、公式ニュースによると、AIを活用したソーシャルエンジニアリング防衛プラットフォームであるDoppelが、Bessemer Venture Partners、George Kurtz、NTT DOCOMO Ventures、Aurum Partners、Nneka Ogwumike、Breanna Stewart、Kelseyが主導する7,000万ドルのシリーズC資金調達ラウンドの完了を発表しました Plum、a16z、South Park Commons、Script Capital、9Yards Capital、Sozo Ventures、Strategic Cyber Venturesが参加しました。 ドッペルは、