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Montenegrin Court Upholds Extradition of Terraform Labs Co-Founder Do Kwon to South Korea
2.8.2024
In a significant legal development, a Montenegrin appeals court has upheld the decision to extradite Do Kwon, co-founder of Terraform Labs, to South Korea. Kwon, who has been in custody in Montenegro since March 2023 for attempting to travel with a fake passport, faces criminal charges in South...
Montenegro Court Extradites Do Kwon to South Korea, not US
1.8.2024
Reports show that the Montenegrin appeals court has upheld a ruling by a lower court to hand over Do Kwon to South Korea. The South Korean mogul, often known as “the cryptocurrency king,” will serve time in his native country, not the United States. Do Kwon extradited to his native South Korea...
Montenegro Appellate Court upholds Do Kwon extradition to South Korea
1.8.2024
Since 2023, the decision to send the Terraform co-founder to South Korea or the United States has been contested in Montenegrin courts
Montenegro to Extradite Do Kwon to South Korea, Rejecting U.S. Request
1.8.2024
Terraform Labs co-founder and fraudster Do Kwon is once again set to be extradited from Montenegro to his native South Korea, after a ruling from the Balkan nation’s court of appeals Thursday
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
How Solana is transforming cross-border agricultural trade
24.7.2024
AgriDex’s blockchain-based platform enabled a South African farm to complete a trade with a London importer, showcasing the benefits of onchain settlements
How Solana is transforming cross-border agricultural trade
24.7.2024
AgriDex’s blockchain-based platform enabled a South African farm to complete a trade with a London importer, showcasing the benefits of onchain settlements
AgriDex Settles First Agricultural Trade on Solana Blockchain
24.7.2024
AgriDex, a Solana-based marketplace aiming to bring the global agricultural market on-chain by tokenizing various crops has settled its first agricultural trade on the Solana blockchain, it told CoinDesk on Wednesday
South African Startup Neonomad to Launch Rand-Backed Stablecoin
24.7.2024
Neonomad, the South African hybrid exchange platform, is set to launch Zarcoin, a stablecoin tied to the South African Rand. This innovative stablecoin epitomizes the seamless integration of regulatory safety with decentralized efficiency. Neonomad’s platform will also facilitate multiple...
Ethereum Market Stagnation Marks Tepid Trading Day Despite ETF Launch
23.7.2024
Ethereum’s price exhibited volatility on Tuesday, coinciding with the launch of U.S. spot ether exchange-traded funds (ETFs) on Wall Street. At around 5 a.m. EDT, ETH surged to an intraday high of $3,540 per coin but later dropped to approximately $3,406 by 12:55 p.m. in the afternoon....
South Korea’s FSC Nominee Says Past Crypto Chaos Calls for Strong Investor Protection
23.7.2024
Kim Byoung-hwan, the nominee for head of South Korea’s top financial regulator, the Financial Services Commission (FSC), expressed caution about corporations holding bank accounts for cryptocurrency transactions. Speaking at a parliamentary session on Monday, Kim, a former vice finance...
New Virtual Asset Protection Act Takes Effect in South Korea
22.7.2024
South Korea’s Act on the Protection of Virtual Asset Users went into effect on July 19, 2024, aiming to protect users and ensure market stability. Initially revised in 2021 to mandate virtual asset service providers (VASPs) to register and adhere to anti-money laundering regulations,...
South Korea's strict laws on crypto exchanges come into force
20.7.2024
The new regulations issued by South Korea’s watchdog to protect user assets on crypto exchanges went into effect on July 19
Momint Secures Grant from Dfinity Foundation for Global Blockchain Expansion
19.7.2024
Momint, a Web3 startup, is poised for global expansion after securing a $50,000 grant from the Dfinity Foundation. This Swiss non-profit organization, known for its blockchain R&D, awarded the grant through the Internet Computer Protocol (ICP) Hub of Southern Africa. Momint plans to integrate...
South African Exchange Luno Leverages Fireblocks’ Enterprise-Grade Digital Asset Platform
19.7.2024
South African crypto exchange Luno has announced that it is integrating its platform with Fireblock’s enterprise-grade digital asset transfer platform. Aleks Andjelopolj suggested that leveraging Fireblocks means Luno users will experience the same immediate transaction settlement enjoyed...
Ripple Settlement Hopes Pushed XRP Volumes Above Bitcoin on S. Korean Exchanges This Week
19.7.2024
XRP accounted for almost 40% of all trading activity on top South Korean exchanges from Tuesday to Thursday. Prices surged
South African Travel Fintech Turnstay Secures Funding for Regional Expansion from DCG, DFS Lab
18.7.2024
Venture capital firms DFS Lab and Digital Currency Group (DCG) recently invested $300,000 in Turnstay, a South African travel-focused fintech startup. Turnstay aims to simplify payment procedures for international travelers by leveraging a global network of compliant companies. New Investment...
AI Preparedness Index: South Africa Best Prepared African Country; Nigeria Ranks Outside the Continent’s Top 7
17.7.2024
The latest International Monetary Fund (IMF) Artificial Intelligence Preparedness Index reveals that only seven African countries have preparedness indices of 0.4 or more. South Africa leads the continent with a score of 0.5, while the Republic of South Sudan (0.11) and the Central African Republic...
South Korea Considers Deferring Crypto Taxation Until 2028
17.7.2024
The ruling party of South Korea is, once again, considering the postponement of the enactment of crypto-specific taxes, as this could influence public opinion towards the government. The party aims to implement these taxation rules by 2028, citing a lack of necessary regulations and institutional...