South Korea

Financial regulators in South Korea are planning to introduce a new class action legal system in light of the rising malpractices in the crypto industry. The primary objective is to...

The CEO of CryptoQuant, Ki Young Ju, took to Twitter this morning to add to an old thread from 2021 about the habits of Korean traders when withdrawals are suspended....

Reports suggest prosecutors in South Korea are attempting to arrest Daniel Shin, a fintech entrepreneur who was involved in establishing the Terraform Labs cryptocurrency project, which experienced a $60 billion...

According to a recent news report from Yonhap, the Korean Customs Service seized over 5.6 trillion won worth of cryptocurrencies last year linked with illegal foreign exchange transactions involving virtual...

Despite a worldwide slump in the crypto market that has eroded investors’ confidence in this industry, the Web3 space seems to be faring well amid the crypto winter. The evidence...

The Financial Supervisory Service in South Korea is keenly following the US Securities and Exchange Commission’s (SEC) action in the Ripple lawsuit. Local media sites claimed that the FSS would...

As per the latest report, the South Korean commission of officials visited Serbia the last week in search of the infamous Do Kwon, the CEO, and co-founder of the fallen...

South Korea’s Ministry of Justice announced on January 26, 2023, that the authority has decided to introduce a “Virtual Currency Tracking System,”  adding to the series of crypto regulatory acts...

According to a local media report, the prosecution looking into the allegations of theft against the leadership of the Korean Bithumb crypto exchange has requested an arrest warrant for the...

The Financial Services Commission (FSC) in South Korea has approved the issuance of blockchain-powered digital tokens, known as securities token offerings (STO). This allows brokerage houses in Korea to enter...

In a first of its kind, the Seoul city government has decided to offer its administrative public policies via a virtual platform, ‘Metaverse Seoul.’ Reports reveal that through the Seoul...

South Korean tax authorities are looking into the business operations of the parent company of the Bithumb crypto exchange, Bithumb Holdings, for alleged tax evasion. According to Yonhap News, a...

The South Korean global metaverse platform company 3D Factory announced signing a Memorandum of Understanding (MoU) with TNC Group, a global blockchain service company. The MoU was signed on December...

On Monday, Busan, South Korea, unveiled the members of the steering committee that would guide the development of the city’s flagship digital asset exchange. However, the announcement doesn’t mention any...

South Korean prosecutors have informed the public that they believe Do Kwon, the fallen CEO of the collapsed Terraform labs, had fled to Serbia last month and is perhaps still...

South Korea’s blockchain game developer, Wemade’s shares dropped 23% on the KOSDAQ market. Wemade Max and Wemade Play shares also plummeted on the KOSDAQ exchange. Upbit, Bithumb, Coinone, and Korbit,...

The South Korean prosecutors believe that the Anchor’s 20% interest is fraudulent. Shin is accused of unfairly earning profits of 140 billion and the amount has been frozen. Shin is...

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...