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South Korea Launches ‘Emergency’ Investigation Into Collapse of LUNA and UST
18.5.2022
South Korea’s top financial regulators have launched an emergency investigation into the collapse of cryptocurrency LUNA and stablecoin UST. The authorities have asked domestic cryptocurrency exchanges to provide information relating to transactions and investors of the two coins. South...
Do Kwon summoned to parliamentary hearing following UST and LUNA crash
17.5.2022
Rep. Yoon Chang-Hyeon noted that Korean exchanges each reacted differently to the crash and he wanted to invite both Do Kwon and the exchanges involved to learn more details
US agencies warn against the influx of North Koreans in IT and crypto jobs online
17.5.2022
The public advisory warned private firms to do their due diligence before hiring freelance workers, as North Koreans often use illicit tactics and stolen identities to hide their nationality
This week’s Law Decoded: Is depegging a real threat to financial stability?
17.5.2022
Janet Yellen calls on lawmakers to develop a consistent federal framework for stablecoins, Hester Peirce urges to allow room for failure and more
South Korean Banks Earned USD 31M in Crypto Transaction Fees Last Year
17.5.2022
Three South Korean banks earned USD 31.2m from their crypto exchange partnership deals in 2021, new data has revealed – suggesting that partnering with trading platforms could be paying off for the often-cautious domestic banking sector....
Read More: South Korean Banks Earned USD 31M in Crypto...
Report: Terra Founder Do Kwon’s Spouse Seeks Police Protection After the LUNA and UST Fallout
14.5.2022
Following the aftermath of the Terra blockchain tokens LUNA and UST losing significant value, reports indicate that the Terraform Labs founder Do Kwon’s apartment was visited by an unidentified person. Do Kwon’s spouse has requested protection from the Seongdong police in Seoul after...
Leaked report: South Korea to establish crypto framework by 2024
12.5.2022
The effort will include issuing guidance for NFTs and ICOs, expanding infrastructure and supporting CBDC research
South Korean Court Gains Support from Exchanges in Bid to Include Crypto in Bankruptcy Cases
12.5.2022
South Korea’s judiciary is set to include crypto holdings in lists of debtors’ assets in bankruptcy cases – and the nation’s leading crypto exchanges have agreed to cooperate with courts on the matter....
Read More: South Korean Court Gains Support from Exchanges in Bid to Include Crypto...
Let's All Retire To The Happiest Village In Video Games
11.5.2022
Nara is an artist from Korea who, as a fun side project, has imagined a game with the visuals of Link to the Past or an early Pokémon title, but with none of that combat or danger messing up the vibes.Read more
US Treasury Sanctions First Crypto Mixer
8.5.2022
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued its first-ever sanctions on a crypto mixer. The mixing service was used by Lazarus Group to process illicit proceeds from the $620 million crypto heist of the online game Axie Infinity, said the Treasury...
US Officials Add North Korea-Linked Bitcoin Mixer, More ETH Addresses to Sanctions List
6.5.2022
Sony & Theta Set to Launch ‘3D NFTs’, Eye Tie-in with its Spatial Reality Display
6.5.2022
Non-fungible tokens (NFT) are going 3D – and Sony wants to be the firm that takes them into a new dimension....
Read More: Sony & Theta Set to Launch ‘3D NFTs’, Eye Tie-in with its Spatial Reality Display
Brace for More S Korean Altcoins as President-Elect Prepares to Ditch ICO Ban
5.5.2022
South Korea’s President-Elect Yoon Suk-yeol has indicated he is ready to come good on some of the crypto-related campaign promises that helped him win power earlier this year – and could end an initial coin offering (ICO) ban that dates back to 2017....
Read More: Brace for More S Korean...
‘They didn't see it coming:’ Podcaster Joe Rogan sees Bitcoin as a viable form of currency
4.5.2022
Joe Rogan noted that Bitcoin is like the “early internet,” and the “government is freaking out” about BTC in conversation with the MMA fighter Khalil Rountree
South Korea's new president delays crypto taxes in favor of consumer protections
4.5.2022
The country’s president elect is proving his crypto savvy by declaring there will be no tax on crypto investment gains until legislation can ensure consumer protections
Report: Two South Koreans Paid in Bitcoin to Spy for North Korea
4.5.2022
South Korean law enforcement recently announced the arrest of a serving military captain and an operator of a cryptocurrency exchange on charges of spying for a North Korean hacker. In return for the acts of espionage, the two South Korean individuals were allegedly paid bitcoins worth a total...
South Korea’s Biggest Neobank Reportedly on Verge of Crypto exchange Banking Deal
4.5.2022
Kakao Bank, South Korea’s biggest neobank and an affiliate of the internet giant Kakao, has refused to confirm or deny that it has struck a partnership deal with Coinone – one of the four biggest crypto exchanges in the country....
Read More: South Korea’s Biggest Neobank Reportedly on Verge...
Crypto Stories: Ethan Lou shares experience of crypto conference in North Korea
2.5.2022
A Canadian journalist recounts the story of when he went to North Korea to participate in a crypto conference that’s full of surprises
South Korean Crypto Exchanges Resume Service as Usual after Travel Rule Breakthrough
28.4.2022
South Korea’s biggest crypto exchanges have finally linked their rival Travel Rule solutions – over a month after a new law that requires trading platforms to abide by the protocol came into force.
As previously reported, the Financial Action Task Force (FATF)’s measure, which requires...
Two more charged with teaching North Koreans to evade US sanctions with crypto
27.4.2022
Two EU citizens have been indicted for violating U.S. sanctions on North Korea when they jointly planned a crypto conference there