South Korea
South Korea to Tackle Crypto Insider Trading with Legal Amendment
South Korea’s lawmaker proposes to broaden the definition of “improper solicitation.” The proposal seeks to include cryptocurrencies and insider information sharing under the term. The…
South Korean Court Orders Defunct GDAC to Return $7.3M in WEMIX to Wemade CEO
Seoul court orders GDAC to return 7.8M WEMIX tokens worth $7.31M to Wemade CEO Park Kwan-ho. GDAC faces a daily fine of 3 million won…
Worldcoin Price Surges Despite $831K Fine in South Korea
Worldcoin faces $831K fines for breaching South Korean data protection laws. Worldcoin expands globally, with over 6.7M verifications and rising wallet transactions. Worldcoin's price surges…
South Korea’s FSS Gets Tough on Crypto Crime
South Korea has adopted a zero-tolerance principle to tackle the increasing crypto hacks and illegal practices. The FSS Governor Lee Bok-hyun emphasizes the need for…
Crypto Now Safer in South Korea Thanks to This New Foundation
South Korea's FSC approves foundation to safeguard users' assets from failed crypto exchanges. The new foundation will manage deposits via banks and return crypto from…
Bithumb’s Bank Switch Under Review by South Korean Regulator
Bithumb's bank switch proposal to KB Kookmin Bank under FIU review. FIU clarified that no final decision has been made on Bithumb's real-name account partner…
South Korea’s FSS Initiates On-Site Inspections of Crypto Exchanges
FSS begins on-site inspections of South Korean crypto exchanges, starting with Bithumb. Bithumb under scrutiny for compliance with new Virtual Asset User Protection Act guidelines. …
South Korea Probes Upbit, Exchanges Under New Crypto Laws
South Korea’s FSS will start an investigation into leading local crypto exchanges. Two major South Korean exchanges are a part of the probe. The FSS…
South Korea Probes Telegram Over Deepfake Sex Crimes
South Korea launches investigation into Telegram's alleged role in distributing explicit deepfake content. Telegram founder Pavel Durov was recently arrested in France over failure to…
Crypto Fraud Case Takes Violent Turn: CEO Attacked in Court
Haru Invest CEO, Mr. Lee, attacked in court during his fraud trial over $826M embezzlement. Mr. Kang, a victim of the fraud, smuggled a knife…
