RedotPay Halts Crypto Card Issuance in South Korea Ahead of Crypto Tax
- —RedotPay closed partner and influencer programs in Korea on September 7
- —As of September 15, new physical and virtual cards are not being issued in Korea
- —The RedotPay app was downloaded about 25,000 times in Korea from January 2025 to July 2026
- —Taxation of crypto profits in South Korea is scheduled for 2027
Why it matters: Offshore stablecoin cards are losing access to the Korean market, increasing pressure on users to seek local regulated alternatives.
Source: BitcoinWorld