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South Korean Government Calls for Voluntary Regulations From Crypto Industry
15.6.2022
The executive power and the ruling party in South Korea have urged the cryptocurrency industry for what officials describe as voluntary regulatory measures, a Korean media report revealed. The call was issued during a consultative meeting devoted to crypto assets. Government Asks South Korean...
New South Korean Regulatory Chief Promises More ‘Fairness’ for Crypto Investors
15.6.2022
The South Korean government and financial regulators appear keen to ensure that May’s Terra ecosystem crash – an event they have dubbed the “terra/LUNA incident” – will become a watershed moment for the crypto sector, with a slew of new regulations incoming. The new head of a leading regulatory...
Report: South Korean Crypto Exchanges to Create Body to Preempt Another Terra LUNA Type of Collapse
14.6.2022
Five South Korean cryptocurrency exchanges said they intend to create a consultative organization which will help prevent a repeat of a Terra LUNA-style token collapse. The organization is expected to achieve its objectives by applying standards that are endorsed by the crypto exchanges. Screening...
Savings Bank Heavyweight OK Financial Group Reveals Cryptoasset Launch Plans
11.6.2022
South Korea’s OK Financial Group – one of the nation’s biggest moneylenders and savings banking services providers – has unveiled plans to create a cryptoasset. The company will become one of a growing cohort of firms that are hoping to launch tokens, and this appears to indicate that the days...
Solana price just one breakdown away from a 40% slide in June — here's why
10.6.2022
Network outages and decreasing smart contract reserves add further downside pressure to SOL price
Solana Ventures Launches $100 Million Fund Focused on Web3 Projects in South Korea
9.6.2022
Solana Ventures has revealed the launch of a $100 million fund dedicated to Web3 startups in South Korea. According to Solana Labs’ general manager Johnny Lee, the capital will be dedicated to non-fungible tokens (NFTs), decentralized finance (defi), and game finance (gamefi) development....
Legal troubles mount for Terraform Labs as Seoul police investigative
9.6.2022
South Korean authorities are currently investigating Terraform Labs and its employees on several charges including tax evasion and market manipulation
South Korea Investigates Terra Labs for Alleged Bitcoin Embezzlement Following UST Collapse: Report
9.6.2022
South Korean authorities are investigating Terraform Labs following the implosion of algorithmic stablecoin UST last month
South Korean Crypto Exchanges Prepared to Self-regulate, Says Ruling Party
9.6.2022
South Korea’s ruling political party – the People’s Power Party – has stated that the nation’s leading crypto exchanges have created plans that could see them form a self-regulating body that could be empowered to take cross-platform decisions on matters such as delisting and the suspension...
Five South Korean Crypto Exchanges to Delist Litecoin Following Mimblewimble Upgrade
8.6.2022
All five of South Korea’s licensed, fiat-trading crypto exchanges have announced they will delist litecoin (LTC) after developers rolled out the Mimblewimble Extension Block protocol.
The five exchanges – Upbit, Bithumb, Coinone, Korbit, and Gopax – all made their LTC delisting announcements...
Major South Korean crypto exchanges delist Litecoin
8.6.2022
Crypto regulations in South Korea require exchanges to enforce strict KYC and AML guidelines and major crypto exchanges have delisted privacy coins in the past as well
Solana Ventures sets up $100M fund for GameFi and DeFi in South Korea
8.6.2022
The new fund is intended to support the growth of NFT, gaming, and DeFi projects on Solana and to help keep former Terra developers on their feet following Terra’s fall
Law Decoded, May 30–June 6: Terra’s aftermath in China, Japan and South Korea
7.6.2022
Last week brought some notable reactions to the stablecoin’s depegging in the East Asia region
Report: South Korea to Recruit Companies for Metaverse Content Creation Project
7.6.2022
The South Korean science and ICT ministry has said it will recruit companies that will participate in its 2022 Metaverse Content Creation Project. A director in the ministry said the project is being promoted as part of the country’s industry-leading metaverse strategy. Building Trust in...
South Korea ramps up crypto investigations and regulations
4.6.2022
South Korea announced Digital Assets Committee, launched an investigation and met with Asia-Pacific financial authorities
Hacker Used ‘Social Media Data Leak’ to Steal USD 660K in Crypto from 90 Victims - Police
4.6.2022
Police in Seoul, South Korea, have arrested and charged a 30-year-old man after officers reportedly found evidence that he may have stolen some USD 660,000 worth of crypto using data he harvested from a popular social media network....
Read More: Hacker Used ‘Social Media Data Leak’ to Steal...
New Crypto Lawsuits, Pan-Asian Crypto Regulations, Hiring Pause + More News
3.6.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: New Crypto Lawsuits, Pan-Asian Crypto Regulations, Hiring Pause + More News
Big Wallets Exited Anchor/UST While Smaller Fish Continued to Invest - Jump Crypto
3.6.2022
A number of bigger Terra (LUNA) ecosystem investors abandoned their positions as the terraUSD (UST) peg began to slip away last month – with smaller-scale investors continuing to buy as the coin’s price plummeted, according to the trading firm Jump Trading Group’s crypto arm Jump...
South Korean government becomes an early investor in metaverse
2.6.2022
South Korea’s rising interest in nascent tech could prompt other nations to take up the idea of metaverse more seriously
In wake of Terra collapse, South Korea plans new crypto oversight committee: Report
31.5.2022
The infamous collapse of Terra may have hastened the creation of a supervision and control entity for virtual assets, which is set to launch in early June