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Nalezeno "south korean crypto": 188

South Korean Crypto Exchange Bithumb Still Aiming for IPO Despite ‘Deep’ Troubles

16.11.2023
Source: Timon/Adobe The South Korean crypto exchange Bithumb has effectively confirmed reports that it is hoping to launch an initial public offering (IPO), but may be hampered by financial issues and ongoing legal problems. Per the South Korean media outlets Economist and Decenter, Bithumb wants...

South Korean Crypto Exchange Bithumb Eyes IPO in Move to Challenge Upbit’s Market Dominance

13.11.2023
Local reports suggest that Bithumb, a prominent crypto exchange in South Korea, is contemplating a public listing in 2025. Insider information indicates that Bithumb is considering a debut on Kosdaq and might transition to the Korea Exchange (KOSPI) platform in the future. Bithumb Targets Kosdaq...

South Koreans Fascinated With Altcoins More Than Americans, Research Shows

28.10.2023
South Korean crypto traders are more inclined to invest in high-risk, high-reward altcoins than their American counterparts, according to a new report. The share of major cryptocurrencies like bitcoin and ethereum in the trading volumes on the largest Korean exchange is much smaller than the...

South Korean Crypto Exchange Upbit Obtains Regulatory Approval in Singapore

18.10.2023
Leading South Korean crypto exchange Upbit has been granted regulatory approval by Singapore’s main financial regulator. The authorization will allow the trading platform to provide regulated services in the Southeast Asian city-state which has established itself as a crypto hub. Upbit Singapore...

South Korean ‘Crypto Killers’ May Face Death Penalty

17.10.2023
South Korean prosecutors have requested the death penalty for four suspects in a crypto murder-kidnap case that saw a woman abducted and murdered for her crypto holdings. The incident took place in the affluent Gangnam District in Seoul in March this year. The woman is believed to have worked...

Tax Report Unveils Hundreds of South Korean Crypto Whales

16.10.2023
Data from a new South Korean tax report has revealed details of hundreds of crypto whales with millions of USD worth of coins on overseas crypto exchanges. New tax rules that came into force this year require crypto holders to declare their holdings on foreign crypto platforms.... Read More:...

South Korean Crypto Fraudster Jailed for 7 Years

9.10.2023
A convicted South Korean crypto fraudster has been sentenced to seven years in prison. Per Newsis and Segye Ilbo, a division of the Suwon District Court sentenced an unnamed individual in their 30s to jail after hearing how they defrauded victims of some $2.2 million. The court heard that...

Best Crypto to Buy Now September 21 – ImmutableX, Algorand, Aave

21.9.2023
Intrigue is swirling after X's inaugural Client Council event provided insight into the platform's ambitions to evolve into "The Everything App," with many in crypto circles dissecting hints about potential peer-to-peer payment options. While details remain scarce, the event spotlighted X's vision...

Authorities order South Korean crypto platforms to maintain reserves

28.8.2023
Crypto exchange platforms in South Korea have been instructed by relevant authorities to maintain reserves with Korean banks. This pertains to the intention of the government to protect those who are venturing out on the path to build a portfolio with digital tokens. Per the instructions, crypto...

South Korean Crypto Exchanges Mandated to Maintain Reserve Funds of $2.3 Million

28.8.2023
South Korean cryptocurrency exchanges will be required to maintain a reserve fund of at least 3 billion won (approximately $2.3 million) in designated bank accounts starting September. The new regulations for crypto exchanges are aimed at enhancing user protection in the event of unforeseen...

South Korean Crypto Murder Case Takes New Twist – Suspect: ‘My Confession Was False’

25.8.2023
A bizarre South Korean crypto-related murder case has taken a new twist, with one of the chief suspects telling a court his initial confession was “false.” The case revolves around a woman who was apparently abducted from a busy street in Seoul’s affluent Gangnam District in March this year. The...

Top 5 South Korean Crypto Exchanges Reveal Compliance Strategies to Curb Illicit Activities

28.7.2023
According to a statement published by the South Korean Financial Services Commission (FSC), the entity’s Korea Financial Intelligence Unit held a meeting with virtual asset service providers (VASPs) in order to strengthen regulatory compliance. The top five South Korean cryptocurrency...

Regulatory Investigation Targets South Korean Crypto Lender Delio

3.7.2023
South Korea-based Delio is currently under scrutiny as the country's Financial Services Commission (FSC) investigates the crypto lending firm for alleged fraud, embezzlement, and breach of trust. According to reports from local news outlet Digital Asset, the investigation sprouts from Delio's...

South Korean crypto lending firm Delio under investigation by regulators

30.6.2023
The firm allegedly denied having any exposure to troubled sister lending firm Haru Invest before suspending transfers earlier this month

South Korean Crypto Yield Firm Haru Invest Fires More Than 100 Employees: Report

22.6.2023
Earlier this month, Haru Invest halted withdrawals and deposits

South Korean Crypto Yield Platform Haru Invest Pauses Withdrawals and Deposits

13.6.2023
The firm blamed the pause on a “certain issue” with one of its service partners, and said it is working on a contingency plan, according to a blog update

South Korean ‘Crypto Drug-trading Teens’ Jailed

18.4.2023
A “continuous” flow of South Korean teens is being given jail time as law enforcers continue a crackdown on crypto-powered drug trading. Kyungnam Shinmun reported that courts in the southern city of Changwon are now “sentencing teens and people in their twenties to imprisonment, one after...