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South Korean Crypto Exchanges Set to Renew Banking Deals
17.3.2023
South Korea’s leading crypto exchanges are ready to renew their banking deals – in a sign that relations between the “big four” trading platforms and the traditional financial sector remain strong.
Per Business Post, Bithumb is close to sealing an agreement with NongHyup Bank (NH Bank)....
Seoul: Sanctions May Be Ineffective Against North Korea’s Crypto Hacks
14.3.2023
North Korea’s crypto hacking campaign may be impervious to international sanctions, a South Korean government official has claimed.
According to the media outlet Yonhap TV News, an unnamed Seoul-based government official stated:
“The scale of North Korea’s cybercrime-related activities suggests...
FBI, NY authorities probes collapse of TerraUSD stablecoin: Report
14.3.2023
The controversial founder of Terraform Labs, Do Kwon is at the center of the investigation, despite believed to be hiding out in Serbia
South Korea launches Metaverse Fund to expedite domestic initiatives
12.3.2023
With the help of the Metaverse Fund, South Korea will support the mergers and acquisitions of various firms from the metaverse ecosystem
South Korea Doubles Down on Metaverse, Announces $51 Million Investment in Related Projects
11.3.2023
The Ministry of Science and ICT of South Korea has approved investments of $51 million in various metaverse projects, doubling down on its metaverse bet for the future. The investment includes a fund for supporting the growth of metaverse companies and another special investment to build several...
S Korean Regulator Launches Crypto Trading Platform Probe – Which Exchanges Are Involved?
10.3.2023
South Korea’s top financial regulator, the Financial Services Commission (FSC), has begun a “comprehensive inspection” of the nation’s crypto exchanges.
Per Decenter, Financial Services Commission (FSC) specifically wants to probe the 20 trading platforms that do not have licenses to trade fiat...
South Korean Police Arrest Girl Aged 14 for Buying Crystal Meth with Crypto
8.3.2023
A 14-year-old South Korean girl has been arrested on suspicion of using cryptoassets to buy methamphetamine (crystal meth).
Per Dong-a Ilbo, the girl is a third-grade middle school student who lives the in Dongdaemun District of Central Seoul. Police say she was found “collapsed” on a stairwell...
South Korean Police Form New Crypto Scam-fighting Cybercrime Taskforce
7.3.2023
South Korean police have announced that they will launch a new crypto scam-busting cybercrime taskforce.
KBS reported that police say that one of the new taskforce’s “three main tasks” will be dismantling and fighting crypto scams. Crypto-related fraud is on the rise in South Korea, with several...
South Korea saw over $4B in unregistered crypto transactions in 2022
7.3.2023
The money was aimed primarily at buying foreign crypto assets with the intention of selling them on the domestic market
45% of S Korean Crypto Users Predict a Bitcoin Price Rise This Week
6.3.2023
Almost half of South Korean crypto holders think Bitcoin (BTC) prices will rise this week, a survey has found.
The survey was conducted by the researcher Pharos Labs (Kratos) and the crypto market information provider Coinness – and reported by the media outlet CoinReaders. The firms said they...
Upbit Operator Denies it Wants to Buy a Securities Firm
28.2.2023
Dunamu, the operator of Upbit, South Korea’s biggest crypto exchange, has denied it is poised to buy a securities company – and says it is instead eyeing non-fungible token (NFT) expansion.
The operator has recently been linked with a takeover move for an unnamed domestic securities provider....
South Korean Regulator Is Probing Crypto Staking Services
24.2.2023
A top South Korean financial regulator has launched a probe into domestic crypto staking services. And crypto exchanges are concerned this means new staking-related regulations could be incoming.
The media outlet News1 reported that the Financial Supervisory Service (FSS) has “recently requested”...
SEC Filing ‘May Help South Korean’s Prosecutors’ Do Kwon Case’ – Report
24.2.2023
The US Securities and Exchange Commission (SEC)’s legal filing against Terraform Labs and its CEO Do Kwon “could help South Korean prosecutors’ case against Kwon,” a report has claimed....
Read More: SEC Filing ‘May Help South Korean’s Prosecutors’ Do Kwon Case’ – Report
Sharp Rise in Dating App-based Crypto Mining Scams in South Korea
23.2.2023
There has been a rise in scams that use dating apps to lure victims onto bogus crypto mining platforms, a South Korean security provider has claimed.
Per EDaily, the claims were made by the regulation technology developer and security provider Uppsala Security. The firm said that scammers are...
South Korean Police Arrest 30 in $8m ‘Crypto Scam’ Bust
22.2.2023
South Korean police have arrested 30 people as part of an investigation into a suspected $ 8 million crypto scam. Masterminds appear to have promised investors “guaranteed gains” of up to 2,000%....
Read More: South Korean Police Arrest 30 in $8m ‘Crypto Scam’ Bust
South Korean Prosecutors Applaud ‘Meaningful’ US Do Kwon Charges
20.2.2023
South Korean prosecutors have applauded “meaningful” charges brought against Do Kwon, the Co-founder of Terraform Labs, by the top American financial regulator....
Read More: South Korean Prosecutors Applaud ‘Meaningful’ US Do Kwon Charges
South Korea’s Kimchi premium turns to discount
20.2.2023
The "Kimchi premium" has flipped to discount again, and could be saying something about crypto market sentiment, at least in South Korea
Terra lawsuit a ‘roadmap’ to attack other stablecoins: Delphi Labs
17.2.2023
Delphi Lab's general counsel said the SEC was being "more thorough than usual" in its lawsuit against Terraform Labs and its co-founder Do Kwon
South Korea’s Second-Largest City Aims to Become a Crypto Hub
15.2.2023
South Korea’s second-largest city, Busan, is making efforts to become a crypto hub. Busan has been designated by the Korean government as a “super-aged” city, and its officials believe that crypto could help turn things around by attracting young people, tech startups,...
South Korean YouTuber Received “Millions of Dollars” Worth of Undeclared Crypto Income
15.2.2023
A South Korean YouTuber received “millions of USD” worth of undeclared crypto income, tax officials have stated – following a recent crackdown on social media-based “tax dodgers.”
KBS reported that the National Tax Service (NTS) has launched an “intensive tax investigation” into 84 people...