South Korea
South Korea Orders Arrest of Bithumb Chairman and Two Other Execs
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...
Korean Finances Services Commission Chair Issue Security Token Offerings
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...
Seoul Govt to Offer Public Service Virtually via ‘Metaverse Seoul’
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 Korea Goes After Bithumb for Another Tax Evasion Scandal
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...
3D Factory Collaborates With TNC Group to Scale Super Cup NFTs
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...
Busan City Reveals Steering Committee for its Crypto Exchange
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...
‘Do Kwon Is Hiding in Serbia,’ Claims South Korean Officials
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...
WEMIX Token Removed From South Korea’s Top Crypto Exchanges
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,...
South Korea Issue Arrest Warrant Against Terra Co-founder Shin
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...
S.Korean FSC Necessitates Compensation for Crypto Firms’ Misconduct
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’s Conversation Manipulating Terra’s Price Leaks
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...
South African Grocery Giant Pick n Pay To Accept Crypto Payments
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...
South Korea Prioritizes Passing Legislation for Crypto Investors
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 Govt.Takes Initiative To Establish Blockchain Ecosystem
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 Kwon Claims Luna Audit Report Is Weeks Away From Being Published
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...
Haven’t Seen Copy of Arrest Warrant: Do Kwon In Laura Shin Interview
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...
S.Korea To Introduce Blockchain-Based Digital IDs For Citizens
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...
Do Kwon Might Become ‘Illegal Immigrant’ if Passport Loses Validity
Do Kwon might get his status changed to “illegal immigrant”. The Ministry of Foreign Affairs ordered Do Kwon to return his passport. The passport will lose its validity in accordance...
An Arrest or an Arrest Warrant? FatMan And Watcher.Guru Argue
Watcher guru’s Twitter post erupts confusion around the arrest of Yoo Mo. “Yoo Mo, Terra’s Head of General Affairs, is charged with violating the capital markets act,” says the Seoul...
South Korean Foreign Ministry Invalidated Terra Founder’s Passport
The South Korean Foreign Ministry to invalidate Terra Founder Do Kwon. The government published a public notice due to the “inability to deliver” the passport return order. The Singapore government...
South Korean Court Labels Bitcoin and Ethereum as ‘Not Money’
A South Korean court has ruled that cryptocurrencies are exempt from the country’s loan interest rate cap. The ruling was the result of an ongoing lawsuit involving a Bitcoin management...
3310 BTC on the Move From LFG as Prosecutors Hunt for Do Kwon
South Korean officials announced an arrest warrant against Do Kwon earlier. Post the issue, 3310 BTC was moved from LFG’s Binance to KuCoin wallet and OKX. KuCoin froze the transferred...
Twitter Abuzz After Interpol Issues Red Notice For Do Kwon
Interpol has issued a worldwide arrest warrant for Terra founder Do Kwon. A Red Notice is a serious step and is usually issued for wanted fugitives. Korean officials have already...
Korean Prosecutors Execute Search-and-Seizure Warrant on Woori Bank
South Korean authorities raided Woori Bank’s headquarters. A local news agency says that the accused were running phantom companies. Fraudsters are believed to have tried to exploit “Kimchi Premium”. Citing...
South Korea Seeks to Nullify Do Kwon’s and Six Others’ Passports
South Korea seeks to revoke Do Kwon’s passport to coerce his return. Prosecutors believe that the involved parties should return to South Korea within 14 days while the ministry thinks...
