Policy Event Β· High impact

Korea Customs Flags KRW 7.2T Illegal FX Cases

Korea Customs Service said it detected 792 illegal foreign-exchange cases in the first half of 2026 involving about KRW 7.2 trillion. The figures heighten AML and source-of-funds scrutiny for Korean fiat ramps, stablecoin corridors and cross-border trading counterparties.

High impactπŸ‡°πŸ‡· South KoreaAMLEnforcementStablecoinKRWKorea Customs Service

APAC FINSTAB analysis

For APAC operators, this creates a high-impact signal around aml, enforcement, stablecoin in South Korea. Protocols/assets in scope: KRW. Named institutions or platforms: Korea Customs Service. Teams should monitor the original source, map the change to licensing, custody, disclosure, and market-access obligations, and update their jurisdiction playbooks before the next compliance review.

Compliance read-through: map this event to entity licensing, market-access, custody, disclosure, token listing, and operational-risk obligations before expanding or marketing in the affected jurisdiction.

View related AML tracker page β†’

Related policy events

Kazakhstan Court Bars Six Unlicensed Crypto Platforms From AIFC Services

The AIFC Court granted AFSA injunctions barring Coinbase, BingX, Bitcoin.com, HTX, BitMart and WEEX from offering or advertising digital-asset services within the AIFC without authorisation. The action raises immediate geofencing, marketing, onboarding and wind-down control requirements for platforms serving the jurisdiction.

High impactπŸ‡°πŸ‡Ώ KazakhstanEnforcementLicensingRegulation

BIS Research Flags Stablecoin Substitution Risk For Bank Deposits

A BIS working paper finds a measurable inverse relationship between bank-deposit rates and stablecoin growth, highlighting the potential for deposit substitution. Banks, issuers and regulators should incorporate interest-rate, redemption and deposit-migration scenarios into liquidity and prudential monitoring.

High impact🌐 GlobalStablecoinBankingRegulationUSDTUSDC