According to @CoinMarketCap, citing The Korea Times, South Korea is moving to require domestic crypto exchanges to compensate customers for losses from hacks or system failures even when the platforms are not at fault. The Korea Times reported the policy push follows the recent Upbit breach and would formalize mandatory reimbursement obligations for exchanges operating in the country. The Korea Times said the initiative addresses customer losses tied to security breaches and system outages, indicating a tighter customer-protection regime for Korean trading venues.

According to @_RichardTeng, South Korea has advanced a motion for a Digital Assets Basic Act, and Binance aims to support the country's goal of becoming a global crypto hub by bringing its expertise and liquidity. Source: twitter.com/_RichardTeng/status/1965325653127102797 Teng linked to a Korea Times report titled 'Binance stresses compliance as it waits for regulatory approval in Korea,' highlighting that the exchange is prioritizing compliance while seeking regulatory approval to operate locally. Source: koreatimes.co.kr/economy/cryptocurrency/20250908/binance-stresses-compliance-as-it-waits-for-regulatory-approval-in-korea For traders, the actionable takeaway is Binance’s stated plan to add liquidity to the Korean market, with timing dependent on regulatory approval and the progress of the Digital Assets Basic Act motion. Source: twitter.com/_RichardTeng/status/1965325653127102797; koreatimes.co.kr/economy/cryptocurrency/20250908/binance-stresses-compliance-as-it-waits-for-regulatory-approval-in-korea

According to Crypto Rover, South Korea has officially announced a public hearing on Bitcoin (BTC) and cryptocurrencies scheduled for Tuesday, signaling increased regulatory attention and potential for market-friendly policies (source: Crypto Rover on Twitter, June 14, 2025). This move is viewed as bullish by market participants, as it could pave the way for wider adoption and clearer regulation in one of Asia's largest crypto markets. Traders are closely monitoring the event for regulatory cues that may impact trading volumes and price action for BTC and other major cryptocurrencies.