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South Korea Seizes $184 Million in Crypto Assets From Alleged Tax Dodgers, Reports Reveal
24.9.2022
The government in South Korea has seized cryptocurrency worth around $184 million in two years due to tax arrears, according to local media. The authorities in Seoul started confiscating virtual assets from people accused of tax evasion in 2021. Almost 260 Billion Won in Crypto Seized for...
Korean crypto bank partners with Blockdaemon to offer retail staking services
22.9.2022
In January, Delio was granted Virtual Asset Service Providers (VASP) approval by the Korean Financial Intelligence Unit
South Korean gov has confiscated 260B KWR in crypto for non-payment of taxes since 2021
22.9.2022
The country began seizing crypto to offset tax arrears last year
South Korean Taxman Has Seized $186m Worth of Crypto from Tax Dodgers in Past 2 Years, Says Gov’t
22.9.2022
South Korean tax authorities have seized over $186 million in crypto from tax-evading individuals since 2021.
According to data released by the Ministry of Strategy and Finance, the Ministry of Public Administration and Security, the National Tax Service, and 17 cities and provinces nationwide...
South Korean Police Swoop on 25 Suspected Kimchi Premium BTC Traders
21.9.2022
South Korean law enforcers continue to crack down on illegal kimchi premium traders – and have arrested 25 suspected traders who they think ran an illegal international bitcoin (BTC) trading ring.
KBS and Newsis reported that the South Jeolla Province branch of the National Police Agency’s...
South Korean Prosecutors Turn to Interpol for Help in Hunt for Do Kwon
20.9.2022
Source: Screenshot/YouTube/Coinage
South Korean prosecutors continue to turn up the heat on the Terraform Labs co-founder Do Kwon – and have asked Interpol to issue the man they now call a “fugitive” with a red notice.
Newsis reported that the Seoul Southern District Prosecutor’s Office’s...
South Korean authorities ask Interpol to issue 'Red Notice' for Do Kwon: Report
19.9.2022
According to Interpol, there are currently 7,151 individuals publicly named on the agency’s Red Notice list out of 69,270
One of S Korea’s Biggest Card Issuers Launches Blockchain-powered platform to Help Customers Spot Fake Goods
19.9.2022
Shinhan Card, South Korea's biggest credit card company and a global top-five credit card issuer, has launched a blockchain-powered digital warranty service used to certify the authenticity of products.
South Korean news outlet Money Today has reported that the warranty service is first coming...
Prosecutors Hunt for ‘Fugitive’ Do Kwon & Say He Left South Korea ‘in April’
19.9.2022
South Korean prosecutors have labeled the Terraform Labs CEO Do Kwon a “fugitive” – and have claimed that he fled South Korea in April – several days before the crash of Terra ecosystem coins like TerraUSD (UST)....
Read More: Prosecutors Hunt for ‘Fugitive’ Do Kwon & Say He Left South Korea...
Study: Samsung Named Most Active Investor in Crypto and Blockchain Startups
19.9.2022
Between September 2021 and mid-June 2022, Samsung invested in 13 crypto/blockchain companies thus making the South Korean corporation the most active among the top 40 corporations. Google’s parent Alphabet firm, on the other hand, tops the category of top corporations that participated...
Luna Founder Do Kwon Isn’t in Singapore, Police Say After South Korean Court Issues His Arrest Warrant
19.9.2022
Terraform Labs founder Do Kwon is not in Singapore, local police say. Accused of fraud after the collapse of cryptocurrencies luna and terrausd, he is wanted in South Korea after a court issued an arrest warrant for him. However, Kwon insists that he is not “on the run.” Police Say...
Web3 Firm Acquires Creator of South Africa’s First Listed PoW Crypto, Safcoin
18.9.2022
A Web3 technology company, Virtual Nation Builders, recently said it acquired FHM, the firm that created safcoin, South Africa’s touted first proof-of-work cryptocurrency to list on a global exchange. As a result of the Web3 firm’s acquisition of FHM, the cryptocurrency will...
South Korean ministry recommends enactment of special Metaverse laws
18.9.2022
The MSIT identified that imposing older regulations serve as a deterrent to the growth of new ecosystems
Solar-Powered Crypto Farm in Australia to Prove Bitcoin Mining Can Be Green
18.9.2022
A crypto mining data center in the state of South Australia will be running mainly on solar-generated electricity, a media report reveals. The coin minting facility has been set up in a region known for its energy-hungry iron ore extraction and steel production. Bitcoin Farm to Mine Cryptocurrency...
Ethereum Merging, Crypto Prices Rising, South Korea Do Kwoning and 20 Crypto Jokes
17.9.2022
First things first, you all know the big news, let’s say it together: Ethereum went through The Merge! Speaking of which, check out why The Merge may create a huge centralization problem, why it matters for Ethereum’s health that Lido thrives as a censorship-resistant entity, what awaits the miners...
Amazon and 4 Others to Work on Digital Euro Prototype, White House's 'Comprehensive Crypto Framework', Hong Kong's Scam Warning + More News
16.9.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Amazon and 4 Others to Work on Digital Euro Prototype, White House's 'Comprehensive Crypto Framework', Hong Kong's Scam...
El Salvador's pro-Bitcoin president Nayib Bukele announces reelection bid
16.9.2022
Bukele says that despite past laws which prohibited the reelection of presidents, El Salvador can follow in the footsteps of developing nations
South Korea’s Ministry of Foreign Affairs Plans to Revoke Do Kwon’s Passport: Report
15.9.2022
According to local reports stemming from South Korea, the country’s foreign ministry is looking to invalidate the co-founder of Terraform Labs Do Kwon’s passport. The story was published the day after it was reported that Seoul’s Southern District Prosecutors Office issued...
South Korean prosecutors apply to revoke Do Kwon and other Terra employees' passports
15.9.2022
Singapore, where Terra co-founder Do Kwon is currently staying, does not have an extradition treaty with South Korea
South Korea Looks to Invalidate Terra Co-Founder Do Kwon's Passport: Report
15.9.2022
The six South Korean nationals, including Do Kwon, were served with an arrest warrant earlier for violating the South Korea's capital markets act