South Korea

Altcoin Delisting Rumors Spark Investor Panic, Korean Exchanges See Double-Digit Drops

June 21, 2024

Fueled by unsubstantiated rumors of a government crackdown, South Korea’s cryptocurrency market experienced a significant downturn this week. Major altcoins (alternative coins) witnessed double-digit price drops, rattling investor confidence and causing a ripple effect across domestic exchanges. The panic selling began after reports surfaced

Policy·Regulation·Tokens

Hundreds of Cryptocurrencies Could Be Delisted in South Korean Shakeup

June 17, 2024

South Korea’s cryptocurrency market is bracing for a sweeping regulatory crackdown. Starting next month, approximately 600 virtual assets will undergo rigorous evaluation against new standards, local media reported. Those failing to comply face potential delisting. The move comes as South Korea aims to enhance market integrity and tighten oversight. The new regulations focus on three

August 28, 2024

Haru Invest CEO Attacked During Fraud Trial in South Korea

The CEO of bankrupt South Korean yield platform Haru Invest was attacked

September 3, 2024

South Korea’s FSS to Inspect Virtual Asset Exchanges for Illegal Transactions

South Korea’s Financial Supervisory Service (FSS) announced on Tuesday its plan to

Bitcoin·Blockchain·Markets

The Shib News Recap: Wednesday

This Wednesday, The Shib Daily highlights key developments focused on increased regulatory scrutiny and its impact on investor trust in the crypto

December 4, 2024

Bitcoin·Blockchain·Community·Defi·Markets·Policy·Regulation

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

November 18, 2024

Blockchain·Community·Defi·Markets·Policy·Regulation

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

November 15, 2024

Policy·Road 2 Crypto·Technology

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

October 25, 2024

Regulation·Road 2 Crypto

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

October 21, 2024

Road 2 Crypto·Security

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

October 18, 2024

Bitcoin·Markets·Regulation·Security

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

October 16, 2024

Bitcoin·Blockchain·Policy·Regulation·Road 2 Crypto

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

October 9, 2024

Bitcoin·Blockchain·Regulation

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

October 8, 2024