South Korea

FSC released a notice regarding the necessity of compensating customer losses by crypto exchanges. The Conservative Party had already initiated the procedures for securing customer funds. The proposal included the...

Do Kwon and his employee tampered with the price of LUNA, say Korean prosecutors. The South Korean investigators think Kwon is residing in Europe. Interpol issued a red notice to...

Pick n Pay announced the integration of cryptos at all its tills in its stores. The move will allow customers to pay for goods with crypto using their smartphones. Customers...

Financial authorities in South Korea aim to pass legislation to protect crypto investors. A 10% tax would be levied on any transaction involving digital assets under the proposal. 5.6 million...

Busan government established a commercial partnership with Crypto.com and Gate.io. The declaration of Busan as a regulation-free blockchain zone urged the necessity of expanding the city’s blockchain ecosystem. The partnership...

Do Kown has hired an on-chain analysis company to publish a report. The upcoming report would provide clarity on all LFG’s trading. Do Kwon explained that LFG and its associates...

Do Kwon was interviewed by the popular crypto journalist Laura Shin. Laura asked Kwon about the South Korean arrest warrants and Interpol’s Red Notice. Kwon states that he has not...

Korean Government will replace existing ID cards with Digital IDs for smartphone users. Citizens can use digital IDs for money transfers, state benefits, and casting votes. According to the digital...

Do Kwon might get his status changed to “illegal immigrant”. The Ministry of Foreign Affairs ordered Do Kwon to return his passport. The passport will lose its validity in accordance...

Watcher guru’s Twitter post erupts confusion around the arrest of Yoo Mo. “Yoo Mo, Terra’s Head of General Affairs, is charged with violating the capital markets act,” says the Seoul...

The South Korean Foreign Ministry to invalidate Terra Founder Do Kwon. The government published a public notice due to the “inability to deliver” the passport return order. The Singapore government...

A South Korean court has ruled that cryptocurrencies are exempt from the country’s loan interest rate cap. The ruling was the result of an ongoing lawsuit involving a Bitcoin management...

South Korean officials announced an arrest warrant against Do Kwon earlier. Post the issue, 3310 BTC was moved from LFG’s Binance to KuCoin wallet and OKX. KuCoin froze the transferred...

Interpol has issued a worldwide arrest warrant for Terra founder Do Kwon. A Red Notice is a serious step and is usually issued for wanted fugitives. Korean officials have already...

South Korean authorities raided Woori Bank’s headquarters. A local news agency says that the accused were running phantom companies. Fraudsters are believed to have tried to exploit “Kimchi Premium”. Citing...

South Korea seeks to revoke Do Kwon’s passport to coerce his return. Prosecutors believe that the involved parties should return to South Korea within 14 days while the ministry thinks...

South Korea is taking measures to institutionalize cryptocurrency in the country. The nation’s top financial regulator plans to launch a digital securities market. South Korea is promoting digital assets to...

South Korean government’s Youtube channel was hacked by a group of unknown scammers. The hackers changed the government’s Youtube channel name to “SpaceX Invest”. The government is working with Google...

The South Korean government will impose a new gift tax on freely transferable crypto assets, including airdrops. To pay the gift tax, one must file a gift tax return within...