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South Korea expands its efforts to regulate Metaverse
2.9.2022
The country has been very active in the Metaverse development since the beginning of 2022, teasing large investments and a regulatory framework
South Korean authorities arrest 16 individuals connected to $2B crypto forex transactions: Report
31.8.2022
More than $283 million of the $2 billion in crypto transactions were reportedly facilitated through illegal remittance agencies
Sixteen Arrested in South Korea for Illegal Crypto Trading Activities: Report
31.8.2022
South Korean customs authorities on Tuesday arrested 16 people involved in illegal foregin exchange transactions, according to a report by local outlet Newsis
16 Arrested in South Korea over Suspected Crypto Kimchi Premium Trading Violations
31.8.2022
South Korean authorities have swooped on suspected kimchi premium traders – making 16 arrests linked to some USD 1.4bn worth of crypto transactions....
Read More: 16 Arrested in South Korea over Suspected Crypto Kimchi Premium Trading Violations
Singapore court rules in favor of Bithumb founder in acquisition case
31.8.2022
The decision on the civil lawsuit might affect a trial court in South Korea
Busan City announces FTX partnership to build local exchange
31.8.2022
South Korea's 'Blockchain' city of Busan continues to establish partnerships to foster the growth of the cryptocurrency industry
Kakao’s Arm Strikes Real-name Banking Deal with Coinone Crypto Exchange
31.8.2022
Kakao Bank, the biggest neobank in South Korea and an offshoot of the internet giant Kakao, has confirmed it has sealed a partnership deal that will see it provide real-name banking services for customers of the crypto exchange Coinone.
The deal finally puts an end to months of speculation...
South Korea Must Reverse Ineffective Ban on Crypto ICOs, Central Bank Says
30.8.2022
The Bank of Korea says domestic companies like stablecoin issuer Terra were able to circumvent the ban and sell digital tokens to locals by setting up corporations overseas
Australian regulators rattle their saber as adoption takes a major leap: Law Decoded, Aug. 22-29
29.8.2022
ASIC prepares to put crypto and DeFi firmly in its sights. Australia’s Northern Territory Racing Commission is preparing to adopt cryptocurrencies in gambling
Court Rules Bithumb Must Pay Damages to 190 Customers Over ‘Computer Errors’
29.8.2022
A South Korean appeals court has ruled that the crypto exchange Bithumb is liable for damages in the case of a group of traders who missed out on trading gains due to “computer errors.”
Per Newsis, the verdict was issued by a branch of the Seoul High Court. The case dates back to 2017 and involves...
South Korea’s Central Bank Calls for End to ICO Ban
29.8.2022
South Korea’s blanket ban on initial coin offerings (ICOs) could finally be on the way out after the central Bank of Korea (BOK) spoke out in favor of policy change.
The ban was first put into place in late 2017 as crypto fever took hold in the country and the government responded with a series...
Binance to Help South Korean City of Busan Grow Crypto Adoption, Develop Blockchain Ecosystem
28.8.2022
Binance is helping the South Korean city of Busan “grow crypto adoption within the city and beyond.” The global crypto exchange will also support the development of the city’s blockchain ecosystem and the Busan Digital Asset Exchange. Binance Signs MOU With Busan City...
178 South Korean Darkweb Users Arrested on Suspicion of Crypto-powered Drug Trading
26.8.2022
Police in Seoul, South Korea, have arrested 178 people on suspicion of buying and selling drugs online using cryptoassets as a means of payment.
According to JTBC, Seoul Metropolitan Police officers said they had arrested 12 suspected drug dealers and 166 of their alleged customers, stating that...
Binance to Help South Korean City of Busan Launch a ‘Digital Assets Exchange’
26.8.2022
The crypto exchange giant Binance will set up shop in South Korea’s “blockchain hub” city of Busan – and although the firm will not be opening a token trading platform in the nation as of yet, the company could help the city launch an exchange of its own....
Read More: Binance to Help South Korean...
‘7 South Korean Securities Firms Will Launch Crypto Exchanges in 2023’ – Report
23.8.2022
A slew of major South Korean securities companies – many of which may be affiliated with major commercial banks and business groups – could be set to launch crypto exchange platforms as early as next year.
Per Newspim, “seven large domestic securities companies” have already applied to financial...
Two-thirds of Surveyed South Koreans Say Cryptoassets Aren’t Securities
22.8.2022
Over six in 10 South Koreans do not think cryptoassets are securities, a new opinion poll has found – although lawmakers may instead prefer to follow Washington’s lead in determining which coins to class as securities.
The survey was conducted by Cratos, the operator of a blockchain...
Vitalik Buterin Says Ethereum Will be '55% Complete' Post-Merge, Hodlnaut Reveals Massive Shortfall, AMC Shares Tumble 40% + More News
22.8.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________...
Read More: Vitalik Buterin Says Ethereum Will be '55% Complete' Post-Merge, Hodlnaut Reveals Massive Shortfall, AMC Shares Tumble...
South Korea Plans to Tax Crypto Airdrop Recipients: Report
22.8.2022
South Korea’s Ministry of Economy and Finance has said crypto airdrops could be subjected to a gift tax of between 10% and 50%
Crypto tax can wait, free coins can't: S. Korea mulls 'gift tax' for airdrops
22.8.2022
South Korea has postponed its crypto gains tax on multiple occasions due to a lack of investor protection measures and regulatory guidelines
Korean Regulator Takes Action Against 16 Foreign Crypto Exchanges
20.8.2022
The South Korean financial intelligence unit is taking action against 16 foreign cryptocurrency exchanges for operating illegally in the country. “For illegal business activities of unregistered entities, maximum of 5 years of imprisonment or up to KRW 50 million of fines can...