Tag: south korea

Despite the South Korean Government's deep interest in metaverse and web 3 technology, the country implements aggressive policies when it comes to regulations and taxation. As reported by local news outlet Yonhap News on Thursday, the South Korean Tax Authority has seized 260 billion won ($184.3 million) in crypto belonging to tax evaders. However,...

According to the study, most of the Crypto Exchange transfers were made in U.S. dollars, and the majority of the money went to Hong Kong. According to South Korea's banking authority, there have been $7.2 billion in "abnormal" foreign Crypto Exchange transfers since June, the majority of which were made through cryptocurrency exchanges, according to […] The post...

South Korea's Prosecutors conducted a "search and seizure" in Woori Bank's headquarters for investigating crypto-related illegal foreign exchange transactions. South Korea's Financial Intelligence Unit (FIU) is investigating commercial banks for $3.4 billion in illegal crypto-related transactions. Terra founder Do Kwon is also under investigation for money laundering in South Korea......

South Korean authorities reportedly intend to revoke the passports of Terra leader Do Kwon and other employees. Terra Employees Face Justice Efforts to apprehend Do Kwon are intensifying. Yesterday, it...

On Wednesday, arrest warrants were sent out for the CEO of Terra and five other people. The prosecutors also asked for their passports to be invalidated — except for Nicholas Platias, another Terraform Labs founder, who is not a Korean national. Local media said on Thursday that South Korea's Ministry of Foreign Affairs is trying […] The post...

On Wednesday, arrest warrants were sent out for the CEO of Terra and five other people. The prosecutors also asked for their passports to be invalidated — except for Nicholas Platias, another Terraform Labs founder, who is not a Korean national. Local media said on Thursday that South Korea's Ministry of Foreign Affairs is trying […] The post...

According to the prosecutors office, all six wanted individuals from Terraform Labs currently reside in Singapore. Manhunt Begins for Do Kwon The law is finally catching up with Do Kwon....

Terra's LUNA declined 20% on the news that South Korea has issued an arrest warrant for its founder Do Kwon. #PeckShieldAlert...

South Korean prosecutors' team has started a new investigation and review on Terra tokens to categorize them under securities. TerraForm Labs, its founder Do Kwon, and other affiliates will also be charged with violating the Capital Market Act if Terra tokens LUNA, LUNC, and UST (now USTC) are found to... Read more

The "Blockchain" city of Busan in South Korea keeps forging alliances to promote the development of the cryptocurrency sector. The second-largest city in South Korea, Busan, has declared a partnership with cryptocurrency trading platform FTX in order to establish a local cryptocurrency exchange and promote blockchain innovation. According to a formal announcement made on August […] The post...

South Korea is actively reviewing its regulatory moves in the cryptocurrency industry, as it seeks to strike a balance between fostering innovation and ensuring adequate consumer protection measures. The...

A significant number of cryptocurrency holders reside in South Korea. As the bitcoin sector becomes more mainstream, the rate of cryptocurrency acceptance in the East Asian nation has increased dramatically. Recent research, however, suggests that some of these crypto transactions may be used for unlawful operations. Bloomberg reported that the majority of unlawful foreign currency transactions in South Korea this year involved cryptocurrencies....

The world's largest crypto exchange Binance's expansion into...

According to a Bloomberg study, the adoption rate of cryptocurrencies in South Korea is on the rise and some of these cryptocurrency transactions might support illicit business. According to Bloomberg, the majority of illicit foreign exchange transactions in South Korea this year have been tied to cryptocurrencies. Additionally, the data indicates that they have so […] The post...

South Korea is home to a considerable amount of cryptocurrency owners. The East Asian...

Upbit will work with the FSC to crack down on unregistered crypto platforms per the latest update from the giant exchange.,

South Korea has become a leading crypto market in the last two years, with crypto...

Due to a lack of legal framework and investor protection safeguards, South Korea has repeatedly delayed the implementation of its cryptocurrency Gift Tax. Despite the suspension of the cryptocurrency gains fee until 2025, the South Korean Ministry of Strategy and Finance said on Monday that hard forked tokens, staking incentives, and airdrops of virtual assets […] The post...

Samsung's securities company and other traditional brokerages plan to launch a crypto exchange next year. Samsung, Others Pursue Crypto Exchange Samsung and several others could launch a crypto exchange. According...

Airdrop receivers could pay a 10-50% crypto tax on their free tokens.