South Korea Tightens Grip on Crypto: Exchanges Gain Freeze Power, City Seizes Assets for Taxes
South Korea is cracking down on crypto, giving exchanges the power to freeze transactions and seizing digital assets for unpaid taxes. South
Upbit Faces Major KYC Scrutiny in South Korea, Potentially Jeopardizing License Renewal
South Korea’s largest cryptocurrency exchange, Upbit, is facing a major regulatory hurdle that could significantly impact its operations. The Financial Intelligence Unit
South Korea Develops Crypto Monitoring System to Combat Financial Crime
South Korea Deputy Prime Minister and Minister of Economy and Finance, Choi Sang-mok, announced on Thursday in Washington, D.C. the establishment of
South Korea to Launch Virtual Asset Committee for Crypto Regulation
South Korea is set to launch a new policy advisory body, the Virtual Asset Committee, as early as this month. The committee
NH Nonghyup Bank Manager Embezzles 12.1 Billion Won Using Fake Real Estate Loans
An internal audit at NH Nonghyup Bank in Seoul has revealed that a branch manager embezzled 12.1 billion won (approx. $876,000) through
The Shib Crypto Recap: Tuesday
It’s another day in the crypto sphere, which means it’s time for a recap of today’s major headlines. Tuesday features a mosaic
Crypto Businesses Choose Dubai, Switzerland, South Korea Over US in 2024: Report
Dubai, Switzerland, and South Korea have been identified as top destinations for cryptocurrency businesses in 2024, largely due to their crypto-friendly regulatory
South Korean Soldiers Found Trading Military Secrets for Crypto: Report
A South Korean investigation has revealed that soldiers have compromised military secrets in exchange for cryptocurrency. According to TV Chosun, the investigation
Prosecutors Charge South Korean Group in $22.7M Crypto Fraud
Prosecutors in South Korea have charged a group of suspected fraudsters accused of impersonating regulators to scam victims out of $22.7 million.
South Korea’s Bithumb Announces Plans for Nasdaq Listing
Bithumb, South Korea’s second-largest cryptocurrency exchange, revealed its intention to explore listing on the U.S. Nasdaq during a shareholders’ meeting yesterday. The
