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South Korean Crypto Exchanges Restrict Russians’ Access Over War in Ukraine
4.3.2022
Major South Korean cryptocurrency exchanges have introduced restrictions for Russian users, effectively joining western sanctions over Moscow’s military invasion of Ukraine. The measures include blocking IP addresses originating from the Russian Federation. Largest Korean Exchange May Deny...
South Korean Court Rejects Challenge to Strict Crypto, NFT Gaming Law
2.3.2022
South Korea’s Constitutional Court has upheld a law that blocks gamers from buying and selling crypto and non-fungible tokens (NFTs) – and seeks to punish those trading video game-related coins and items....
Read More: South Korean Court Rejects Challenge to Strict Crypto, NFT Gaming Law
South Korean crypto market grows to $45.9B in 2021 despite strict regulations
1.3.2022
The 24 licensed crypto exchanges registered a collective average daily transaction volume of near $9.4 billion
How NFTs and the Metaverse Can Help Save the Planet
28.2.2022
The head of a leading South Korean cryptocurrency exchange has recently promised that its non-fungible tokens featuring the world-famous K-pop band BTS will be minted by “low carbon, eco-friendly” technology after receiving backlash from environmentally conscious young fans about...
LABEL Foundation Debuts on Top Digital Asset Exchange in South Korea
25.2.2022
PRESS RELEASE. LABEL Foundation recently gained authorization from one of South Korea’s main exchanges and a listing position with KRW (South Korean currency), the advancement has immediately followed after Clesson (the parent company) garnered equity capital from two significant investment...
More South Korean Crypto-to-Crypto Exchanges Hopeful of Making Fiat Returns
22.2.2022
A group of South Korean crypto exchanges could be granted permission to resume crypto-to-fiat trading after a breakthrough banking deal last week – but opinions differ on whether the 23 exchanges currently trapped in crypto-to-crypto purgatory will escape before they are overwhelmed...
‘Optimism’ for South Korean Crypto Exchanges as Gopax Makes Banking Breakthrough
16.2.2022
South Korean crypto observers are predicting a “tectonic change” in the crypto exchange sector after a fifth trading platform struck a banking deal that will allow it to resume crypto-to-fiat trading.
Yonhap reported that Gopax, one of the largest of the non-“big four” exchanges (Upbit...
Clesson Co. Ltd: The Operating Company of LABEL Foundation Receives $2 Million Equity Funding From Groom Investments and eBEST Investments & Securities
14.2.2022
PRESS RELEASE. Clesson, the operating firm of the LABEL Foundation, has received an extra $2 million in equity funding from eBest Investments & Securities and Groom Investments to advance the Web 3.0 NFT infrastructure for musicians, fans, and content producers and boost the revolution in...
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 Sovereign Wealth Fund 'Indirectly' Buys Coinbase Shares
12.2.2022
A South Korean sovereign wealth investment fund has "indirectly" bought shares in the listed American crypto exchange giant Coinbase – although it has since distanced itself from crypto-related interests....
Read More: South Korean Sovereign Wealth Fund 'Indirectly' Buys Coinbase Shares
Binance Partners With Korean Entertainment Corporation — NFT and Metaverse Collaborations Envisioned
10.2.2022
Binance and the South Korean entertainment corporation, YG Entertainment, have signed an agreement that enables the two firms to collaborate on blockchain projects that include non-fungible tokens (NFTs). They also plan to develop games that are compatible with the Binance Smart Chain (BSC). NFTs...
South Korean Crypto Exchanges See Rise in Complaints, More People Turn to Home Mining
4.2.2022
There was a x7.7 spike in the number of customer complaints lodged against South Korea’s four biggest crypto exchanges last year as citizens in the nation are embracing crypto like never before. Meanwhile, crypto mining is also on the rise.
Yonhap reported that the data on complaints...
Samsung Provides a Glimpse Into the South Korean Metaverse and NFT Craze
26.1.2022
At the very beginning of 2022, South Korean tech giant Samsung announced its foray into the metaverse and a new “NFT Aggregation Platform” designed for its smart TVs. In addition to the NFT TVs, Samsung also launched a virtual experience inside of Decentraland, one of the most popular...
Main Opposition Candidate for President of South Korea Pledges Support for Crypto Tax Exemptions
20.1.2022
The leading presidential candidate of the opposition in South Korea has promised voters to ease the tax burden on crypto-related profits through exemptions. In a recent statement, Yoon Suk-yeol indicated that crypto investors will be treated like those who put money into stocks. Presidential...
South Korean Presidential Candidates Pledge Lower Taxes for Crypto Traders, End to ICO Ban
19.1.2022
The new year is off to a flying start for South Korea’s crypto community – who will likely have plenty to celebrate after March’s presidential elections....
Read More: South Korean Presidential Candidates Pledge Lower Taxes for Crypto Traders, End to ICO Ban
Both Main South Korean Presidential Candidates Now Set to Unveil Pro-Crypto Manifestos
19.1.2022
Crypto is set to become a key political battleground in South Korea, where both of the leading candidates in March’s presidential elections are set to showcase a number of crypto-related policies. And although politicians’ manifestos promises are not always adhered to the letter in any part...
South Korean Crypto Exchanges Face AML Probes as Regulators Test Compliance
18.1.2022
South Korean regulators are set to probe the nation’s four biggest crypto exchanges to test their anti-money laundering (AML) capabilities.
The exchanges – Korbit, Upbit, Coinone, and Bithumb – are the only trading platforms that operate fiat KRW markets and received their operating permits...
Political Boost May Be on the Horizon for South Korean Metaverse, P2E, NFT Champions
11.1.2022
South Korean metaverse and crypto gaming projects could get a massive boost in the weeks ahead – if the results of the next general election go their way, and provided politicians make good on their promises....
Read More: Political Boost May Be on the Horizon for South Korean Metaverse,...
Major South Korean Securities Firms, Investors Warming to Crypto
8.1.2022
South Korean investors are “finding it hard to resist the allure of crypto,” while a number of leading domestic securities firms have suddenly started producing reports on the sector – indicating that fund managers may be casting an eye on the markets....
Read More: Major South Korean Securities...
South Korean presidential candidate to use NFTs to raise funds for campaign
3.1.2022
Democratic Party presidential candidate Lee Jae-myung prepares to use NFTs to raise funds for his campaign in a bid to appeal millenials