South Korea
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…
South Korea Cracks Down on Corruption in Crypto Enforcement
Seoul probes police officer for crypto bribery, signaling potential corruption in asset cases. Jurisdiction bypass hints at severe implications for officer in virtual asset bribery…
Bithumb Korea Wins Tax Dispute, Virtual Assets Not ‘Inventory’
Bithumb Korea secured a major legal win after a court successfully overturned a previous ruling that imposed corporate tax. The court determined that Bithumb's virtual…
US-Asia Pact: Implications for the Cryptocurrency Landscape
U.S., South Korea, and Japan reaffirm commitment to regional security. The cooperation framework was established at Camp David to endure despite leadership changes. Trilateral cooperation…
South Korea Mandates Insurance for Closed Crypto Exchanges
South Korea mandates insurance for defunct crypto exchanges to protect user assets. Virtual Asset User Protection Act enforces strict measures on crypto exchanges' operations. Non-compliance…
Montenegro Court Approves Do Kwon’s Extradition to South Korea
Montenegro approves Do Kwon's extradition to South Korea over Terraform Labs' collapse. Court rejects U.S. extradition request in high-profile cryptocurrency fraud case. Do Kwon to…
South Korea Crypto Tax: New ‘Quasi-Tax’ Imposed on Exchanges
South Korea imposes a new "quasi-tax" on crypto exchanges. Upbit, Bithumb, Coinone among exchanges facing new fees. Tax aims to strengthen oversight and combat crypto…
South Korea Delays Crypto Tax to 2028, What Investors Need to Know
Reports hint at South Korea’s further postponement of crypto taxation from 2025 to 2028. The taxation was initially scheduled in 2021, which saw multiple postponements.…
Infinite Block, Korea’s First Licensed Crypto Custodian, Embraces XRP
Infinite Block has announced the support for the XRP Ledger. The South Korean firm will debut escrow, transfer, and storage services. Infinite Block will also…
South Korea Enacts New Protections for Virtual Asset Users
South Korea launches new system to combat crypto fraud and hacks. FSS partners with KISA to enhance regulatory oversight and investigations. New regulations prioritize user…
