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Nalezeno "South Korea crypto": 68

Executives from $1.5B South Korean crypto exchange fraud jailed

28.12.2022
The latest court action now takes the number of V Global execs behind bars up to seven, as the CEO, known as Mr. Lee was previously sentenced to a 22 year prison term

This City Wants to Launch a Crypto Exchange by the End of 2023 – Here’s How

14.12.2022
Busan, South Korea, has revealed details of its plan to become the first city in the world to launch and operate a crypto exchange. The city says it hopes to welcome its first crypto-trading customers by the end of 2023. The city was granted a special status – a regulation-free blockchain zone...

Crypto.com, Gate.io Ink Deal to Help S Korean City Build ‘Digital Asets’ Exchange

26.10.2022
The South Korean city of Busan is inching closer to the launch of what could become the world’s first city-run crypto exchange – and has signed collaboration deals with the centralized exchange (CEX) giants Crypto.com and Gate.io. The deals follow on the heels of similar agreements penned by...

South Korea Crypto Market Shrinks by 60% in Past Six Months – Are Investors Preparing a Move?

27.9.2022
The size of the South Korean crypto market has shrunk by a whopping 60% in the last six months as retail investors in the crypto-keen nation slash their crypto spending. But there is a suggestion that some traders in the nation are still dipping their toes in the market’s choppy waters, while...

Investor Sues Korean Crypto Exchange for Delaying Coin Transfer Before Luna Crash

8.9.2022
A cryptocurrency investor has reportedly sued South Korean crypto exchange Upbit after the trading platform delayed processing his luna coin transfer prior to its crash. The Korean crypto exchange is investigating the details of the lawsuit. Upbit Sued by Crypto Investor Dunamu Inc., the company...

KBW 2022: Crypto.com hits key regulatory milestone in South Korea

8.8.2022
“This is an exciting next step for Crypto.com in an important market,” said co-founder and CEO Kris Marszalek

New Crypto Lawsuits, Pan-Asian Crypto Regulations, Hiring Pause + More News

3.6.2022
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: New Crypto Lawsuits, Pan-Asian Crypto Regulations, Hiring Pause + More News

South Korea Jails Seven Masterminds of Country’s ‘Largest Crypto Fraud Scheme’

13.2.2022
Seven executives of the collapsed South Korean scam cryptocurrency exchange, V Global, were recently handed lengthy jail sentences as punishment for their role in running one of the country’s biggest crypto frauds. Verdict Sets New Benchmark Seven former masterminds of the now-defunct scam...

South Korean Lawmaker Says He Will Start Accepting Crypto Donations in the New Year

1.1.2022
Lee Kwang-jae, a South Korean lawmaker, recently stated that he will be accepting cryptocurrency donations starting mid-January 2022. According to the politician, this plan represents his attempt to raise awareness about cryptocurrencies and non-fungible tokens among South Koreans. Donations to...

South Korean crypto exchanges to follow Coinone in verifying private wallets

30.12.2021
South Korean exchanges will require users to verify their third-party wallet addresses to help the country comply with FATF travel rule guidelines

South Korean opposition set to tackle controversial crypto tax law

11.10.2021
Opposition lawmakers are seeking a one-year delay in the enactment of the law as well as a lowering of the tax burden on crypto traders

Korean Finance Minister vows to fight moves to delay the crypto tax code

17.9.2021
The ruling party is planning to attempt a postponement of the crypto tax laws but the Finance Minister is not for turning

South Korea Proposes Law Allowing Direct Seizure and Sale of Crypto Assets to Pay Overdue Taxes

28.7.2021
The South Korean government has proposed an amendment to the tax code to allow the country’s tax authority to seize and sell cryptocurrencies belonging to delinquent taxpayers. “The revision will allow direct seizing without court-approved change in ownership records. Assets held by...

South Korean Regulator Analyzing 578 Cryptocurrencies

14.7.2021
South Korea is deliberating on four crypto-related bills for the regulation of cryptocurrencies. “We are currently doing groundwork by searching for and analyzing data on 578 coins that have various forms,” the chairman of the country’s top financial regulator reportedly said....

South Korea moves to ban cross trading for crypto exchanges

7.6.2021
South Korean crypto exchanges are groaning under a new proposal that will prevent them from converting trading fees to fiat currency

South Korean regulators parley with 20 crypto exchanges

4.6.2021
The FSC is in dialogues with South Korea’s crypto exchanges amid expanded regulatory oversight

South Korea’s ‘Kimchi Premium’ Returns, BTC Prices Up 8% Higher Than Global Average

24.5.2021
As cryptocurrency regulation heats up worldwide, South Korean officials have been increasing regulatory discussions concerning the swelling crypto economy. While digital currency markets like bitcoin have tumbled in value in recent times, global crypto market prices have increased across the board...