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LUNA token is not a security, rules S.Korean court in Terra co-founder case

24.4.2023
The court in its ruling noted that It is difficult to see Luna coin as a financial investment product regulated by the Capital Markets Act

Report: Korean Central Bank to Gain Right to Probe Virtual Asset Entities After Financial Regulator Drops Opposition

22.4.2023
The South Korean central bank is set to be granted the right to investigate virtual assets after the Financial Services Commission (FSC) dropped its opposition to the move. According to a report, the FSC dropped its opposition to the central bank’s bid after it was accused of seeking to make...

Youth Insolvency Spikes in South Korea – Is a Rise in Crypto Investment to Blame?

21.4.2023
Crypto investment is being blamed for a spike in the number of South Korean people aged 20-39 declaring insolvency. Per Maeil Shinmun, the Seoul Rehabilitation Court said: “The rise in [insolvency] seems to have been influenced by a growth in economic activities such as cryptocurrency and stock...

Report: Terraform Labs Co-Founder Do Kwon Charged by Montenegro Prosecutors

21.4.2023
Nearly a month after Do Kwon’s arrest by Montenegro law enforcement, local prosecutors have now indicted the co-founder and CEO of Terraform Labs. The decision to indict Kwon is likely to delay attempts to extradite him to South Korea and the United States where he faces several charges....

Crypto exchange Roqqu receives South African approval to expand operations

20.4.2023
Nigerian crypto exchange Roqqu received the green light to operate in South Africa, providing on and off-ramps to South Africa's Rand currency

African Blockchain Business Funding Rose 429% in 2022 — Report

20.4.2023
In 2022, African blockchain businesses raised a total of $474 million, a 429% increase from what was raised in the year earlier, the latest CVVC African blockchain funding report has revealed. The custody and exchanges category raised over $250 million, which is equivalent to more than 50% of funds...

S Korean President Calls for ‘War’ on Crypto-powered Drug Trafficking

19.4.2023
South Korean President Yoon Seok-yeol has declared an “all-out war” on crypto-powered drug trafficking after a large number of narcotics-trading teens were handed jail time. Per Today Korea, Yoon said there was a “need” to “mobilize all government capabilities in the fight against drugs.” At...

African blockchain ventures outpace global funding growth: Report

18.4.2023
Africa witnessed a 429% YoY increase in venture funding in 2022, with the majority of funding coming from Seychelles and South Africa

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...

Do Kwon Retained Law Firm in South Korea Before Terra's Collapse: Report

17.4.2023
South Korean prosecutors confirmed a report that Kwon sent $7 million to a local law firm in the months leading up to his venture's dramatic fall

CoinDesk Indices Joins With Luno to Help South African Users Track Crypto Investment Bundles

17.4.2023
The partnership will see launch of Luno Large Cap Bundle, helping customers to easily manage and maintain different investment strategies

Do Kwon’s Terraform Sent $7 Million to Law Firm Before Collapse, Report Unveils

16.4.2023
Prosecutors investigating failed blockchain firm Terraform Labs have found out that its Singapore office sent millions of U.S. dollars to lawyers just before the crash of its cryptocurrencies. According to Korean media, the transfers suggest that co-founder Do Kwon was aware of the imminent...

As Justice is Sought for Do Kwon, South Korea’s Crypto Scene Emerges From Terra Luna’s Shadow

13.4.2023
The collapse of Terra continues to reverberate in Do Kwon’s homeland, but there are signs of progress, CoinDesk’s Emily Parker reports

Korean ‘Crypto Murder’ Case: Couple Paid ‘Killer’ – Here’s What We Know

13.4.2023
A couple at center of a crypto murder-kidnap case that has rocked South Korea have reportedly confirmed that they gave money to the suspected killer of a 48-year-old woman. Police have thus far arrested and charged seven people after the woman’s body was found late last month abandoned near a...

ApeCoin surges 1,950% on South Korean crypto exchange Upbit

12.4.2023
The APE/BTC trading pair reached an all-time high of around $90 apiece on the exchange

Terra Founder Do Kwon’s Crypto Stash Under Threat as S Korean Prosecutors Make Move

12.4.2023
South Korean prosecution officials want to freeze crypto holdings and cash belonging to the Terraform Labs founder Do Kwon, and have asked a court to help them freeze funds located in Switzerland and elsewhere. Per the newspaper The Joongang, prosecutors are “proceeding with the process of tying...

Iran Top Security Official Believes Recent De-Dollarization Efforts Will Doom ‘Illegal Western Sanctions’ to Failure

12.4.2023
Ali Shamkhani, secretary of the National Security Council of Iran, has stated that the recent bilateral cooperation efforts between his country and Russia are contributing to rendering U.S.-established sanctions useless at a global level. The official noted that many other countries are also...