South Korea

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 for four months after attempting...

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 penalties for violations. South Korea...

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 service partner B&S Holdings. Concerned...

Dan Sunghan, a senior South Korean prosecutor declared that Do Kwon, the ill-famed CEO of the crypto exchange Terraform Labs might be imprisoned for a long period both in South...

According to a report from the South Korean media, the leading crypto exchange Binance has taken part in a “virtual asset exchange working meeting” today, organized by the National Police...

On Monday, a Korean parliamentary subcommittee approved a bill that includes cryptocurrency and other virtual assets in the annual asset disclosure requirements for elected and high-ranking government officials, reported a...

In a recent Crypto Asset Market Vulnerability Evaluation and Implications report, the Bank of Korea (BOK) argued that accidents such as the bankruptcy of trading and loan platforms in the...

Terra co-founder Daniel Shin’s first hearing is set for May 26, 2023. The trial date comes after two failed attempts by local prosecutors to detain Shin. Shin has assembled a...

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...