South Korea
BOK: Bankruptcies of Crypto Platforms Unlikely to Happen in S.Korea
Bank of Korea said bankruptcy incidents in the domestic crypto market are unlikely. BOK highlights strict regulations and the absence of ICOs as factors reducing…
Terra Co-founder Daniel Shin’s Fraud Trial Set for May 26
Terra co-founder Daniel Shin’s first hearing is set for May 26, 2023. The trial date comes after two failed attempts by local prosecutors to detain…
South Korea May Bring New Lawsuit System for Crypto Criminals
South Korean regulators are considering a new class action legal system to hold crypto criminals liable for damages. The proposed legal system would target those…
CryptoQuant CEO Shares Insights About Korean Trader Habits on Twitter
Korean traders seem to pump and dump tokens when withdrawals are suspended. The CryptoQuant CEO added that Korean traders now favor pumping and dumping altcoins.…
South Korea Seeks To Apprehend Daniel Shin After Do Kwon’s Arrest
South Korean prosecutors are trying to arrest fintech entrepreneur Daniel Shin for his involvement in Terraform Labs. Co-founder Do Kwon was arrested in Montenegro and…
Korea Customs Seizes Illegal CryptoTransactions Worth 5.6 Trillion Won
Korean customs service reportedly seized 5.6 trillion won worth of cryptocurrencies last year. The customs also reportedly seized 8.2 trillion won in trade and economic…
South Korea Commits $173 Million To Metaverse Development In 2023
South Korea has committed more than $173 million to the development of the metaverse industry. The funds will go toward building metaverse labs, academies, and…
South Korean Regulators Keeping Eye On Ripple Vs SEC Lawsuit
Authorities in South Korea are closely monitoring the Ripple vs SEC lawsuit. The verdict in the case might have an effect on national regulation. A…
S. Korean Ministry Officials in Search of Do Kwon, Reaches Serbia
South Korean officials visited Serbia in search of Do Kwon. Do Kwon was reportedly seen in Serbia in December following an arrest warrant. A team…
Virtual Currency Tracking System: South Korea’s Crypto Regulation
The South Korean Ministry of Justice has decided to introduce a virtual currency tracking system. The authority intends to strengthen the tracking of money laundering…
