(Background supplement: South Korea’s largest crypto venture capital broke the news: The government is expected to open up institutional investment in cryptocurrency and allow domestic currency issuance) According to the latest news, South Korean President Yin Xiyue announced that the country has entered a state of emergency martial law at around 10 p.m. Taiwan time. Yin Xiyue announced on national television The speech stated that the goal of martial law is to eliminate pro-North Korean forces and maintain constitutional order. The main reason South Korea faces threats is the activities of anti-national forces (North Korean organizations) in the National Assembly, and decisive actions must be taken to eradicate them. He also said that the Minister of Defense has held an emergency meeting and instructed the entire military to enter a state of high alert and be fully prepared for response. Subsequently, prices collapsed on many crypto exchanges in South Korea. For example, Upbit's Bitcoin spot fell by more than 30% in a short period of time, once touching $63,000. Related reports: South Korea postpones cryptocurrency profits tax until 2027. Will Taiwan’s taxation process be affected? South Korea plans to implement a 20% cryptocurrency profits tax in 2025. Will Taiwan follow suit? "News: South Korean President Yoon Seok-yue declares emergency martial law! Upbit Bitcoin flash crashed to 63,000 mg." This article was first published on BlockTempo (Dongqu Dongzhu - the most influential blockchain news media).

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