South Korea
BitGlobal’s Abrupt Disappearance Underscores Crypto Market Risks
In August, the BitGlobal exchange disappeared with customer funds, leaving no trace. The incident showcases the inherent vulnerabilities and risks of the crypto industry. Traders…
South Korean Regulator Takes Aim At OTC Crypto Trading
South Korea’s customs agency recently highlighted crypto trading’s role in illegal forex transactions. The Financial Services Commission (FSC) has also taken note of OTC crypto…
XRP Surpasses Ethereum as South Korea’s Most Popular Altcoin
XRP surpasses Ethereum as a popular cryptocurrency trading choice in South Korea. Data shows that over 20% of traders in their 20s interact with the…
South Korea’s Crypto Hunt: Cheongju Moves to Seize Assets from Tax Evaders
Tax authorities in Cheongju, South Korea, are taking action against local tax evaders in crypto space. Investigation targets 8,520 users on Upbit, Bithumb, and other…
South Korea Seeks Crypto Firms’ Advice To Combat North Korea’s Crimes
South Korean officials are seeking advice from crypto firms to combat North Korea’s crypto crimes. Representatives of the South Korean government have held discussions with…
Chainalysis Spotlights How S.Korean New Act Combats Integrity Concerns
Chainalysis noted that South Korea's new rule bans insider and wash trading. The Act also mandates criteria for listing new tokens and segregation of assets.…
Do Kwon Sentenced to Jail and South Korea Tightens Crypto Laws
South Korea has recently approved its first independent digital-asset bill aimed at enhancing investor protection. In related news, Do Kwon has been sentenced to jail…
South Korea Passes Landmark Crypto Bill Tackling Crypto Scandals
South Korea passes its first standalone digital-asset bill. The bill aims to safeguard investors and address crypto scandals. The legislation defines digital assets and imposes…
Korean Authorities Ban Travel for Haru Invest, Delio, B&S Holdings Execs
Seoul authorities impose travel restrictions on individuals associated with Haru Invest, Delio, and B&S Holdings. Haru Invest and Delio suspended withdrawals due to issues with…
Do Kwon Awaits Imprisonment in Both the US and South Korea
A South Korean prosecutor announced that Do Kwon might face imprisonment both in the US and in South Korea. Dan Sunghan added that Kwon’s repatriation…
