South Korean Crypto Holdings Fall 50% in a Year as Funds Shift to Stocks

Bank of Korea data submitted to the National Assembly showed South Korean investors’ crypto holdings fell from 121.8 trillion won to 60.6 trillion won in a year, a drop of more than 50%. Average daily trading volume on the country’s top five exchanges fell from $11.6 billion in December 2024 to $3 billion in February this year, while Korean won deposits fell from 10.7 trillion won to 7.8 trillion won. South Korean regulators plan stricter anti-money laundering rules in August, and the Ministry of Economy and Finance said a 22% tax on crypto gains will take effect on January 1, 2027.

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