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South Korean Upbit crypto exchange faces monopoly probe
10.10.2024
South Korea’s FSC will reportedly investigate Upbit’s relationship with its bank partner K-Bank amid the latter’s IPO, which is expected in late October
South Korean Lawmakers Call for Full Investigation Into KOK Token Crash
10.10.2024
Two South Korean lawmakers have called for a full investigation into the KOK token after its value collapsed to almost zero. Victims have accused Korea’s largest newspaper of promoting the scam, sparking concerns about its role. The alleged cryptocurrency fraud has caused an estimated...
South Korea allows division of crypto in divorce settlements
10.10.2024
South Korean law now allows spouses to claim cryptocurrency and Bitcoin holdings during divorce proceedings, recognizing them as marital assets
South Korea allows division of crypto in divorce settlements
10.10.2024
South Korean law allows spouses to claim cryptocurrency and Bitcoin holdings during divorce proceedings, recognizing them as marital assets, law firm says
South Korean foundation to recover funds from defunct crypto exchanges
25.9.2024
The Digital Asset User Protection Foundation will be set up by the DAXA self-regulatory organization and receive support from financial authorities
South Korean foundation to recover funds from defunct crypto exchanges
25.9.2024
The Digital Asset User Protection Foundation will be set up by the DAXA self-regulatory organization and receive support from financial authorities
South Korea’s crypto market growth fueled by rising Premium Index: Chainalysis
18.9.2024
The Korea Premium Index drives price surges in South Korea's crypto market, where institutional trading plays a pivotal role
South Korea’s crypto market growth fueled by rising Premium Index: Chainalysis
18.9.2024
The Korea Premium Index drives price surges in South Korea's crypto market, where institutional trading plays a pivotal role
South Korean Regulator Unveils Plan to Inspect Crypto Exchanges for Illegal Practices
5.9.2024
South Korea’s financial regulator, the Financial Supervisory Service (FSS), will inspect crypto exchanges to identify illegal practices following stricter regulations under the Virtual Asset Users Protection Act. The review aims to ensure compliance and safeguard crypto assets, with severe...
Plastic Surgery Fails to Help Crypto Scammer Evade Arrest After 10 Months
2.9.2024
South Korean police arrested a man in his 40s for orchestrating a cryptocurrency scam that defrauded 158 investors of 16 billion won ($12 million). Operating from November 2021 to June 2022, he promised an 18% monthly return on investments in a fake cryptocurrency mining business. The scam resulted...
CEO of South Korean Crypto Firm Haru Invest Stabbed During Trial: Reuters
29.8.2024
The executive was taken to hospital; his injuries were not life threatening
South Korean crypto CEO stabbed in court during Haru Invest fraud trial
28.8.2024
The courtroom stabbing comes weeks after a Chinese gang robbed over $2 million worth of crypto at gunpoint in a luxury estate in Thailand.
South Korean crypto exchange employees out-earn staff at major banks
19.8.2024
Dunamu’s consolidated sales in the first quarter of 2024 reached $400 million, showing a 60.5% increase.
Following Court Ruling, XRP Price Skyrockets as South Korea Leads the Charge
8.8.2024
On Aug. 8, following the imposition of a $125 million civil penalty on Ripple Labs by a district judge, the firm’s executives and community celebrated the outcome as a “victory.” This led to an uptick in XRP’s trading volume and price. In the 24 hours leading up to...
South Korean crypto exchanges face unexpected supervisory fees
1.8.2024
Introducing supervisory fees marks a crucial step toward increased regulation and oversight
South Korean crypto exchanges face unexpected supervisory fees
1.8.2024
Introducing supervisory fees marks a crucial step toward increased regulation and oversight
Bitcoin Surpasses $60K After 11 Days: Price Boost Follows Trump Assassination Attempt
14.7.2024
The price of bitcoin climbed 2.7% over the past 24 hours, reaching an intraday peak of $60,423 per token. For over a week, BTC remained below the $60,000 mark. However, on Sunday morning at 4 a.m. EDT, it surpassed this threshold for the first time in 11 days. BTC Rises to $60,423, Marking 2.7%...
Binance Seeks to Reduce Stake in Operator of South Korean Crypto Exchange Gopax to 10%
13.7.2024
Binance is reportedly seeking to reduce its stake in the South Korean crypto exchange Gopax’s parent company, Streami, to approximately 10%. Binance’s mooted sale of the stake to Megazone comes just over a year after Binance acquired the controlling stake. The exchange needs to offload...
South Korean government to launch crypto transaction monitoring system
4.7.2024
Crypto exchanges subject to a new South Korean law have implemented a system allowing authorities to receive reports on suspicious transactions
South Korean crypto firm Hashed Ventures expands to Abu Dhabi: Report
27.6.2024
Hashed Ventures said it’s in talks with other South Korean crypto firms to help bring them to Abu Dhabi