South Korea

Lawmakers in South Korea are calling for a deeper investigation into the KOK crypto token scam and have urged the government to take action against those responsible for the token’s...

Software company Hancom Group Chairman Kim Sang-cheol is under investigation for allegedly amassing illicit funds worth tens of billions of Korean won using Arowana (ARW) tokens. South Korean prosecutors are...

A study by the crypto exchanges Upbit and Bithumb shows the growing influence of cryptocurrencies among young South Koreans. More than 180 South Koreans in their 20s have crypto assets...

Bithumb, one of South Korea’s leading cryptocurrency exchanges, is considering a US Nasdaq listing, according to local news. At a shareholders’ meeting held on the 30th, the exchange said it...

Ki Young Ju, the founder of CryptoQuant, believes Web3 has the potential to transform global collaboration on a scale surpassing even Google. He argued that with the right regulations in...

Democratic Party lawmaker Kim Young-hwan introduced an amendment to South Korea’s Improper Solicitation and Graft Act to combat crypto insider trading and bribery. The amendment would expand the definition of...

A South Korean court ruled in favor of Wemade CEO Park Kwan-ho, ordering the now-defunct GDAC crypto exchange to return 7.8 million WEMIX tokens, worth $7.31 million. This ruling is...

The Personal Information Protection Commission (PIPC) of South Korea fined the Worldcoin Foundation and Tools for Humanity (TFH) for violating personal data protection laws. The Worldcoin Foundation received a KRW...

The South Korean Financial Supervisory Service (FSS) announced plans to implement strict regulations for the crypto industry. FSS Governor Lee Bok-hyun introduced a zero-tolerance policy to combat unfair crypto trading...

South Korea’s Financial Services Commission (FSC) has given the green light to a foundation designed to protect users’ crypto assets. The Digital Asset Protection Foundation will safeguard assets in the...

The Financial Intelligence Unit (FIU) of South Korea’s Financial Services Commission (FSC) is currently assessing Bithumb’s proposal to change its real-name account partner bank. Even so, Bithumb has submitted draft...

South Korea’s Financial Supervisory Service (FSS) has announced the launch of on-site inspections of crypto asset exchanges, with Bithumb being the first platform under review. The inspections will commence after...

South Korea’s Financial Supervisory Service (FSS) announced on Tuesday that it is launching an investigation into major crypto exchanges in the country, including Upbit, one of the leading trading platforms....

South Korean authorities are investigating messaging platform Telegram for its potential involvement in deepfake online sex crimes. The probe, according to Reuters report, will focus on whether Telegram facilitated the...

The CEO of South Korean crypto-earning platform Haru Invest, Mr. Lee, was attacked in court on August 28. The incident happened during the eighth trial of his ongoing fraud case...

The Seoul Southern District Prosecutors’ Office is looking into a police officer accused of taking bribes in connection with crypto cases. The investigation, handled by the office’s Virtual Asset Crime...

South Korean crypto exchange Bithumb Korea has secured a key legal victory against the country’s tax authorities. A high court ruled that Bithumb’s virtual assets are not to be classified...

The United States, alongside Asia’s superpowers, South Korea and Japan, have issued a joint statement reaffirming their commitment to combating regional security threats, according to a Reuters report. South Korea’s...

South Korea’s Financial Supervisory Service (FSS) now requires defunct cryptocurrency exchanges to obtain insurance to safeguard user assets. This measure comes as part of a wider initiative to bolster investor...

Bloomberg reports that the Montenegro Appellate Court has approved the extradition of Do Kwon, the co-founder of Terraform Labs, to South Korea to face charges related to the TerraUSD collapse....

The Financial Services Commission (FSC) of South Korea has announced an updated regulatory framework following the implementation of the groundbreaking Virtual Asset User Protection Act. The official announcement on August...

South Korea’s plans to tax cryptocurrency gains have faced another setback, with a potential delay pushing implementation as far back as 2028. The revised proposal awaits approval, with the government...

Infinite Block, the only South Korean crypto firm to secure a Virtual Asset Service Provider (VASP) license until now, has announced support for XRP Ledger (XRPL), the open-source, public blockchain...

South Korea is ramping up efforts to combat fraud and cybercrime in the cryptocurrency market, unveiling a new joint response system aimed at curbing hacks and unfair trading practices. Lee...

South Korea is reportedly adopting a new crypto regulatory framework to align with public demand for a national policy supporting financial innovation. Kim Joo-hyun, Chairman of the South Korean Financial...