South Korea
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...
South Korea Envisions Digital Securities Market To Promote Crypto
South Korea is taking measures to institutionalize cryptocurrency in the country. The nation’s top financial regulator plans to launch a digital securities market. South Korea is promoting digital assets to...
Hackers Attack South Korean Government’s Youtube Channel
South Korean government’s Youtube channel was hacked by a group of unknown scammers. The hackers changed the government’s Youtube channel name to “SpaceX Invest”. The government is working with Google...
South Korea To Impose a Gift Tax on Crypto Airdrops
The South Korean government will impose a new gift tax on freely transferable crypto assets, including airdrops. To pay the gift tax, one must file a gift tax return within...
