Tag: South Korea
All news related to Asian country South Korea
South Korea’s Kimchi Premium Reaches a 10-month High
Reading Time: < 1 minuteThe kimchi premium for Bitcoin in South Korea reached its highest level in 10 months as the price on local exchanges remained stable amidst a larger crypto market decline.
30% of South Korea’s Users Have Invested in Crypto
Reading Time: < 1 minuteThe Bank of Korea has recently announced that there were more than 15.59 million domestic investors in crypto assets, which accounts for over 30% of the country’s population.
BYDFi Joins CODE VASP, Advancing Regulatory Efforts in Korea
Reading Time: 2 minutesSeychelles, Seychelles, 16th December 2024, Chainwire
South Korea Delays Crypto Tax Implementation to 2027
Reading Time: < 1 minuteSouth Korean lawmakers have reached an agreement to postpone the implementation of a crypto tax until January 2027.
South Korea Plans to Regulate Cross-Border Crypto Transactions
Reading Time: < 1 minuteThe finance ministry of South Korea has announced plans to implement regulations on the trading of virtual assets across borders, such as cryptocurrency.
South Korean Firms SK and Hana Join Forces with BitGo
Reading Time: < 1 minuteDigital asset custody company BitGo has announced the addition of South Korea’s top telecommunications company SK Telecom and leading financial institution Hana Financial as major shareholders and strategic partners of its regional branch.
South Korea’s Pension Fund Purchases $33.7M in MicroStrategy Shares
Reading Time: < 1 minuteThe world’s third-largest pension fund, South Korea’s National Pension Service, bought $33.7 million worth of shares from MicroStrategy in the second quarter of this year.
Do Kwon’s Extradition to South Korea is Put Off Again
Reading Time: < 1 minuteThe extradition of Do Kwon, former CEO of Terraform Lab, to South Korea has faced yet another setback.
South Korea Launches New System to Control Crypto Fraud
Reading Time: < 1 minuteThe Financial Supervisory Service of South Korea has announced the development of a new 24-hour surveillance system in collaboration with local exchanges.
Montenegro Confirms Do Kwon Will Be Extradited to South Korea
Reading Time: < 1 minuteDo Kwon is facing extradition to South Korea.
Montenegro’s Court Rejects Do Kwon’s Appeal to Avoid Extradition to South Korea
Reading Time: < 1 minuteAn appeals court in Montenegro has denied Do Kwon, co-founder of Terraform Labs, an appeal that would have prevented his extradition to South Korea.
US Prosecutors Will Challenge Do Kwon’s Extradition
Reading Time: < 1 minuteThe United States government is contesting the latest decision by the high court in Montenegro to extradite Do Kwon, the former CEO of Terraform Labs, to South Korea.
Do Kwon Will Be Extradited to South Korea
Reading Time: < 1 minuteAccording to the Vijesti news outlet, Do Kwon, co-founder of Terraform Labs (TFL), will be extradited to South Korea per the decision of the High Court of Montenegro.
Bithumb Becomes Most Popular Exchange in South Korea
Reading Time: < 1 minuteAccording to data from Kaiko, Bithumb has emerged as the top player in the South Korean crypto market, handling up to 72% of digital asset transactions.
South Korea Will Investigate Crypto Executives
Reading Time: < 1 minuteThe Financial Services Commission (FSC) of South Korea has put forth new amendments that would require regulatory approval before new executives at crypto companies can begin their duties.
Bitcoin Trading on Bithumb Approaches $3B
Reading Time: < 1 minuteThe BTC trading volume on Bithumb has reached up to $3 billion.
South Korea to Limit Use of Credit Cards to Buy Crypto by Local Users
Reading Time: < 1 minuteThe Financial Services Commission (FSC) of South Korea is proposing a revision to the country’s credit finance laws that would prevent citizens from using credit cards to purchase cryptocurrency.
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.
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