Korea goes all in! Exchanges must check accounts every 5 minutes 🇰🇷

Korean regulators are at it again. The new framework requires all licensed exchanges to verify customers’ crypto asset balances against on-chain reserve funds every five minutes, with the goal of eliminating “ghost cryptocurrencies” and false reserve reports. At the same time, the ruling party has proposed the “Basic Law on Digital Assets,” to bring stablecoins under bank-level regulation—requiring issuers to obtain authorized licenses, meet capital thresholds, establish reserve plans, and comply with redemption obligations. Tokenization of RWA will also be included in the Capital Markets Act. Korea’s move is even more aggressive than the United States. But every coin has two sides: strict regulation means compliant players can enter with confidence, and funds will be more concentrated in leading exchanges. The story of Korea’s kimchi premium may slowly become a thing of the past, but normalization is the way forward.
$USDC