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S Korean Province Vows ‘Intense’ Clampdown on Crypto-themed MLM Fraud
23.2.2021
The government of Gyeonggi Province, the most populous province in South Korea and a hub of IT companies, has announced it will make an “intense” crackdown on crypto-flavored multi-level marketing schemes (MLMs) and bogus initial coin offerings (ICOs).
Per Asia Kyungjae, the province’s police...
South Korean Financial Regulator Confirms Privacy Coin Delistings- Adds New Guidelines to Report Unusual Transactions
22.2.2021
South Korean financial watchdogs are about to start overseeing crypto-related activities in the nation, and additional barriers for exchanges keep appearing. Moreover, one of the South Korean regulatory bodies codified the measures announced last year on privacy coin listings. No Major Domestic...
South Korean Crypto Exchanges Face New Hurdle as Legal Deadline Looms
20.2.2021
With just over a month left before South Korean financial regulators begin policing the activities of the nation’s crypto exchanges, a regulatory body has unveiled details of how it will request trading platforms to report suspicious transactions as part of what promises to become one of the most...
Bank Account Data May Indicate a Rise in South Korean Crypto Activity
19.2.2021
A new report has linked a spike in the creation of new bank accounts in South Korea to a rise in crypto trading – an indication that a large influx of new traders in the East Asian nation has taken up crypto in 2021.
In 2018, Seoul created a set of guidelines that requires crypto exchanges to keep...
US Government Expands Charges Against North Korean Hackers- Authorities Describe Them as The ‘World’s Leading Bank Robbers’
19.2.2021
The U.S. Department of Justice (DOJ) unsealed new charges against the North Korean state-sponsored Lazarus Group. The hackers are allegedly responsible for stealing over $1.3 billion in cryptocurrencies and fiat during coordinated cyber-heists. North Korean Hackers Also Developed and Deployed...
US charges three North Korean hackers over crypto attacks and WannaCry ransomware
17.2.2021
The Department of Justice has indicted three hackers affiliated with the infamous Lazarus Group
DOJ Charges 3 North Korean Hackers With Stealing $100M+ From Crypto Firms
17.2.2021
The hackers allegedly stole over $1.3 billion overall through various schemes
South Korean Blockchain-powered Local Stablecoins Set for Another Boost
17.2.2021
Local stablecoins are making waves in South Korea again, with platforms that allow customers to spend tokens forecasting positive growth in 2021 – and leading candidates in the nation’s two biggest mayoral elections pledging to expand the scope of local government-issued coins.
Much of South Korea...
Happy Bull’s Year, North Korean Hackers!
15.2.2021
In this episode, Anna Baydakova and Danny Nelson discuss North Korea reportedly stealing your crypto to create nuclear weapons, Tesla rattling markets at an opportune time and Nigeria trying to ban crypto
South Korean Court Orders Bithumb to Compensate Users for an Accidental BTC Withdrawal Case in 2018
13.2.2021
A South Korean court ordered one of the biggest domestic crypto exchanges to compensate victims of an “accidental withdrawal” incident in 2018. Bithumb has been ordered to pay customers who withdrew their bitcoin funds to an unknown wallet. Funds Ended Up in a Wallet With an Unknown...
UN Report: North Korea Stockpiles $316 Million in Cryptocurrencies From Cyberattacks
10.2.2021
A panel of experts at the United Nations says that North Korea has amassed $316 million in cryptocurrencies from various cyberattacks on crypto exchanges and financial institutions. The panel also investigated North Korea’s involvement in the $281 million hack of a crypto exchange. UN Expert...
South Korean Telecoms Giant KT Posts ‘Sevenfold’ Blockchain Profits
10.2.2021
The coronavirus pandemic has slowed down trade in a huge swathe of industries, but some, such as the telecommunications sector – appear to be thriving, with blockchain sales rising for KT, one of South Korea’s biggest mobile carriers.
Per Newsian, KT’s operating profits rose by 2% in the past...
South Korean Crypto Exchange Becomes the First Overseas Platform Legally Recognized in China
10.2.2021
A South Korean cryptocurrency exchange announced it established its first legally recognized branch in China. Although the nation banned all local crypto trading services, DBX said the firm already obtained a license to go ahead with the operations. Final Certificate of Incorporation Granted...
South Korean Central Bank: Build Legal Boundary Between CBDCs & Crypto
8.2.2021
Source: Adobe/Снежана Кудрявцева
The South Korean central bank – the Bank of Korea (BOK) – wants Seoul to draw a line between central bank digital currencies (CBDCs) and cryptoassets, and hopes the government will make an eleventh-hour adjustment to a key crypto law that promulgates next month.
The...
Former South Korean Social Media Giant to Relaunch Its Business by Creating a New Ethereum-Based Token
5.2.2021
A social media giant that significantly impacted South Korea’s internet influence in the early 2000s is set to take a second breath. The company plans to regain its popularity by launching a new cryptocurrency. New Ownership Reportedly Got Over $7 Million From Investors to Rebrand Cyworld...
A Hat Generates Big Controversy In Latest Sky: Children Of Light Update
5.2.2021
The latest update to thatgamecompany’s Sky: Children of Light introduced a new hat that has stirred up controversy among the game’s Chinese and Korean fans, with both sides claiming cultural significance related to the cosmetic item and refusing to give an inch on social media.Read more
South Korean Bank Shinhan Seals Crypto Custody Deal with BitGo
29.1.2021
The South Korean banking giant Shinhan is looking to take its fast-expanding crypto operations global – after striking a deal with American major crypto custody player BitGo.
Per EDaily, the deal pertains to crypto custody – a deal that also involves the South Korean crypto firm the Korea Digital...
South Korean Lawmaker Wants To Criminalize Crypto Market Manipulation
28.1.2021
A South Korean MP has announced the creation of a draft private members’ bill that seeks to criminalize crypto market manipulation.
Per News1, the measure is the brainchild of the opposition People Power Party MP Lee Ju-hwan, who has criticized architects of the existing legal framework for being...
South Korean Tax Agency Carries out Irregular Audit on Crypto Exchange Operator
26.1.2021
The team of investigators requested past data and transaction details from Korea Digital Exchange
High School Students Build A Back To The Future Monument
25.1.2021
Students at Tanabe Technical High School in Wakayama, Japan have been spending over four years making a DeLorean replica out of 2-millimeter-thick aluminum.Read more