Tag: South Korea
All news related to Asian country South Korea
South Korean Exchanges Forced to Keep Reserves of at Least $2.3M
Reading Time: < 1 minuteThe Banking Federation of South Korea (KFB) has mandated that cryptocurrency exchanges must maintain at least $2.26 million in reserves in a bank account, starting in September 2023.
South Korea’s Authorities Block Do Kwon’s Digital Assets
Reading Time: < 1 minuteKwon owns digital currencies, real estate, and luxury cars, resulting in the prosecutor of Seoul requesting the freezing of assets totaling 233.3 billion won ($176 million).
South Korean Deputy Suspected of Illegal Crypto Transactions
Reading Time: < 1 minuteSouth Korean prosecutors have reported a series of suspicious digital asset transactions allegedly carried out by opposition MP Kim Nam-kook.
South Korea’s Authorities Bring Criminal Charges Against Terraform Labs Co-founder
Reading Time: < 1 minuteSouth Korean prosecutors have brought charges against Terraform Labs (TFL) co-founder Daniel Shin.
Korea Blockchain Week Will Return This Year Following Success of 2022’s Edition
Reading Time: < 1 minuteKorea Blockchain Week has announced it is returning for 2023 following the success of last year’s edition.
South Korea’s Financial Watchdog Will Investigate Staking Services
Reading Time: < 1 minuteSouth Korean financial regulators will explore services to provide staking services to local crypto exchanges.
Cybercriminals Stole $3.4 Billion in Cryptocurrencies in 2022
Reading Time: < 1 minuteNorth Korean hackers stole $1.7 billion in virtual assets in 2022.
Bithumb’s Owner is Reportedly Arrested
Reading Time: < 1 minuteThe owner of crypto exchange Bithumb, Kang Jong-hyun, has been arrested in South Korea.
Huobi’s South Korea Division to Cut Ties with Parent Company
Reading Time: < 1 minuteThe South Korean branch of crypto exchange Huobi has reportedly decided to distance itself from its parent company.
South Korean Prosecutors Issue Arrest Warrant for Terraform Labs Co-founder Daniel Shin
Reading Time: < 1 minuteSouth Korean prosecutors have requested an arrest warrant for Terraform Labs co-founder Daniel Shin.
The South Korean Authorities Obtain Evidence Against Terraform Labs CEO
Reading Time: < 1 minuteThe South Korean prosecutor’s office has obtained evidence that the CEO of Terraform Labs (TFL) Do Kwon has manipulated the price of LUNA.
South Korea Intends to Control the Activity of Cryptocurrency Whales
Reading Time: < 1 minuteThe Financial Services Commission of South Korea (FSC) plans to start tracking the transactions of users whose assets exceed about $70,000.
Huobi Signs Agreement with Busan to Develop Blockchain Industry
Reading Time: < 1 minuteHuobi Global and its local subsidiary Huobi Korea have recently signed a memorandum of understanding (MoU) with the government of the Korean city of Busan.
South Korean Brokers to Launch Crypto Exchanges
Reading Time: < 1 minuteSeven of the largest South Korean brokerage companies have applied for corporate structure approval to launch crypto exchanges in the first half of 2023.
The Police Raids Terraform Labs Co-founder House
Reading Time: < 1 minuteOfficials from the Seoul Southern District Prosecutor’s Office have raided the home of the Terraform Labs co-founder.
South Korea Files Lawsuit Against Terraform Labs CEO Over UST Collapse
Reading Time: < 1 minuteLKB & Partners, one of the leading law firms in South Korea, is preparing to sue Terraform Labs CEO Do Kwon.
South Korea Rules Out NFT Regulation
Reading Time: < 1 minuteThe Financial Services Commission of South Korea (FSC) has confirmed non-fungible tokens (NFTs) generally do not fall within the definition of virtual assets and must not regulated as such.
Korea’s Authorities Ban Exchanges From Handling Own Tokens
Reading Time: < 1 minuteKorea’s Financial Services Commission has banned South Korean cryptocurrency trading platforms from handling tokens issued by themselves.
Korean Crypto Exchanges Forced to Delist High-risk Coins
Reading Time: < 1 minuteKorea’s Financial Intelligence Unit (FIU) has ordered multiple cryptocurrency exchanges in the country to delist some tokens.
South Korean Exchanges Will Not be Able to Convert Fees to Fiat
Reading Time: < 1 minuteSouth Korea’s Financial Services Commission (FSC) has just submitted a new proposal aimed at banning cross-trading on crypto exchanges.
Deposits and Withdrawals From South Korean Banks to Exchanges Hit New Record
Reading Time: < 1 minuteThe volume of deposits and withdrawals from South Korean banks to cryptocurrency trading platforms has experienced a considerable increase recently.
South Korea is Closer to Start Pilot of Digital Won
Reading Time: < 1 minuteThe central bank of South Korea is one step closer to launch its own central bank digital currency or CBDC.
The Bitcoin Kimchi Premium Returns to Korea
Reading Time: < 1 minuteThe kimchi premium, which is the fact Bitcoin trades at a higher price in Korean crypto exchanges than in other markets, has returned.
Central Bank of Korea Plans to Monitor Crypto Traders
Reading Time: < 1 minuteThe Bank of Korea, the country’s central bank, wants to have a stricter control on cryptocurrency trading in the country.
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