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Today in Crypto: Samsung Reportedly Partners with Bank of Korea on Offline CBDC Payments, G7 Discussing Crypto, China to Train 500,000 Blockchain Professionals
15.5.2023
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: Today in Crypto: Samsung Reportedly Partners with Bank of Korea on Offline CBDC Payments, G7 Discussing Crypto, China...
South Korea Probes Crypto Exchanges Upbit, Bithumb on Ex-Lawmaker's Transfers
15.5.2023
Lawmaker Kim Nam-kuk resigned from the opposition party after his crypto transfers incited controversy
South Korean lawmaker leaves political party amid crypto investment controversy
15.5.2023
A lawmaker allegedly sold over $4 million in cryptocurrency prior to the country's enforcement of the "Travel Rule" by the Financial Action Task Force
South Korean Politician Quits Party Over Crypto Scandal
15.5.2023
A member of the South Korean parliament is leaving his party amid mounting allegations of massive crypto investments inconsistent with his frugal public image. The controversy, which has caught the attention of the Korean society, involves accusations of conflict of interest and other...
Samsung to research South Korea's CBDC for offline payments
15.5.2023
The collaboration will have both parties researching the offline capabilities of CBDC issued by South Korea’s central bank
LG Electronics files patent for NFT-trading TV
12.5.2023
The information was published on WIPO's global database for intellectual property on May 11, 18 months after LG filed its application
Do Kwon's lawyers propose $436K bail as authorities prepare for June trial
11.5.2023
Lawyers said Do Kwon and Han Chang-joon could be released on bail and largely confined to a Montenegro apartment with the “obligation to periodically report to the state authority.”
South Korean Assembly Member Under Fire for Alleged Crypto Insider Trading
9.5.2023
South Korean lawmaker Kim Nam-kuk has found himself in hot water after being accused of performing suspicious crypto trades worth about KRW 6 billion ($4.5 million). ...
Read More: South Korean Assembly Member Under Fire for Alleged Crypto Insider Trading
South Korean lawmaker allegedly cashed out while legislating on crypto: Report
8.5.2023
National Assembly member Kim Nam-kuk had authority in handling laws related to digital assets in South Korea, reportedly backing a bill proposing a 20% crypto gains tax be deferred
Today in Crypto: Liechtenstein Government to Accept BTC as Payment, Everledger Enters Voluntary Administration, NY Attorney General Proposes Banning Exchanges From Trading Their Tokens
8.5.2023
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: Today in Crypto: Liechtenstein Government to Accept BTC as Payment, Everledger Enters Voluntary Administration, NY Attorney...
South Korea Authorities Investigate Lawmaker Over Suspicious Crypto Transfers: Report
8.5.2023
Democratic Party lawmaker Kim Nam-kuk had reportedly co-sponsored a bill seeking to defer taxation on crypto profits
Prosecutor says Do Kwon's extradition to South Korea would best serve Terraform Labs' victims: Report
5.5.2023
The former Terraform Labs CEO could face 40 years in jail in South Korea, the country where he committed most of his crimes, according to local authorities
Crypto Regulation Halts Growth of S Korean Web3 Unicorns, Warns Professor
5.5.2023
A leading South Korean professor says that restrictive crypto laws are stopping Web3 unicorns from growing in the nation.
The expert also claimed that banks and other financial market players should be allowed to move more freely in the crypto market.
According to EDaily, the Web3 comments came...
Legal Twist Let South Korean Treasury Make $3.7m from Seized Crypto
3.5.2023
A legal twist allowed the South Korean Treasury to make a large profit on crypto seized by law enforcers in 2018 – and liquidated while Bitcoin (BTC) was trading for just under $40,000.
Recently published legal documentation shows that the Busan District Prosecutor’s Office seized coins “worth...
South Korea’s sweeping crypto bill passes first regulatory hurdles
26.4.2023
Legislators in South Korea passed a first phase review of proposed cryptocurrency regulations that include relatively harsh sentencing recommendations
Terra Co-Founder Among Ten Formally Charged in South Korea Following Months-Long Investigation – $185 Million Worth of Assets Frozen
26.4.2023
South Korean prosecutors have indicted Terraform Labs co-founder Daniel Shin and nine others on several charges, including violations of capital markets law related to the failed Terra/Luna project.
Shin founded the company behind LUNA and UST digital currencies with the now-infamous...
Report: Terraform Labs Co-Founder Indicted on Fraud Charges in South Korea
25.4.2023
Recent local reports have brought to light that Shin Hyun-seong, also known as Daniel Shin, co-founder of Terraform Labs, has been indicted by the Seoul Southern District Prosecutors’ Office on charges of fraud. Along with nine others, Shin is suspected of deceiving investors and accumulating...
S Korean MPs to Create Law that Distinguishes CBDCs from Crypto – Is Digital KRW Launch Imminent?
25.4.2023
South Korea is edging closer to a central bank digital currency (CBDC) launch, with a new draft law set to create legal terminology for CBDCs.
Herald Kyungjae reported that a new bill will soon roll out in the National Assembly, and will include clauses that spell out the legal differences between...
Terra Co-Founder Daniel Shin Indicted in South Korea: Bloomberg
25.4.2023
Shin was indicted with nine others as prosecutors froze $185 million in assets
Terraform Labs co-founder and nine others indicted in South Korea
25.4.2023
The indictment of 10 individuals associated with Terraform Labs, including co-founder Hyun-seong Shin, comes after 11 months of investigation into the collapse of Terra