（Previous context: South Korea's largest crypto venture capital reveals: the government is expected to open institutional investment in cryptocurrencies, allowing domestic token issuance） （Background supplement: South Korea has postponed the cryptocurrency capital gains tax until 2027, will Taiwan's taxation process be affected?） In the evening, South Korea suddenly reported heavy news, with current President Yoon Suk-yeol unexpectedly announcing the implementation of an emergency martial law. According to Yonhap News Agency and South Korea's Pioneer News, Yoon Suk-yeol delivered an emergency speech at a press conference held at the presidential office, stating, 'I will announce martial law to eradicate pro-North Korea forces and maintain the free constitutional order.' Yoon Suk-yeol stated that through this martial law, 'we will rebuild and protect the free Republic of Korea, which is currently on the brink of national extinction'... For this reason, I will absolutely eradicate anti-national forces, which have been committing heinous crimes and are the main culprits in destroying the nation. The South Korean Ministry of National Defense has indicated that Defense Minister Kim Yong-kyun held a meeting with all military commanders tonight to issue orders to strengthen readiness. Upbit Exchange experiences a sharp drop right after Yoon Suk-yeol announced the martial law, with Bitcoin to Korean Won trading pair on South Korea's largest exchange Upbit temporarily dropping to nearly $62,000 before quickly recovering, indicating the immense selling pressure at that moment. Related reports: South Korea plans to implement a 20% cryptocurrency capital gains tax by 2025, will Taiwan follow suit? Not paying taxes will lead to the liquidation of your Crypto! South Korea gives an ultimatum to 17 taxpayers in cryptocurrency. Worldcoin is in trouble again! In South Korea, it was fined 1.1 billion won for illegally collecting and transferring the iris data of 30,000 people. 'Breaking news! The South Korean president announces emergency martial law, Bitcoin on Upbit plunges to $62,000.' This article was first published on BlockTempo (BlockTempo - the most influential blockchain news media).

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