North Korea Financial News

05.05 / 19:21

legislation Elizabeth Warren Policy National Sen. Warren Plans To Reintroduce Crypto Bill To Crack Down on National Security Risks

Democratic Sen. Elizabeth Warren has plans to reintroduce a cryptocurrency bill to crack down on money laundering and terrorist financing.

05.05 / 13:37

UPS Web3 Crypto Regulation Halts Growth of S Korean Web3 Unicorns, Warns Professor

A leading South Korean professor says that restrictive crypto laws are stopping Web3 unicorns from growing in the nation.

01.05 / 16:29

business Blockchain Airdrop Justin Sun issues apology after Sui LaunchPool clash with Binance CEO

On May 1, Binance CEO Changpeng Zhao (CZ) issued a warning to Tron founder Justin Sun regarding a deposit of 56.1 million TrueUSD to Binance. The Binance executive wrote:

25.04 / 16:23

Hack sanctions lazarus group Three North Koreans Sanctioned for Involvement in Crypto-Linked Hacking Group – Here's What Happened

The US Department of Foreign Asset Control (OFAC) has sanctioned three individuals that allegedly supported North Korea through illicit financing and malicious cyber activity.

25.04 / 14:11

UPS Citi CBDC Digital Remark MPs S Korean MPs to Create Law that Distinguishes CBDCs from Crypto – Is Digital KRW Launch Imminent?

South Korea is edging closer to a central bank digital currency (CBDC) launch, with a new draft law set to create legal terminology for CBDCs.

25.04 / 10:15

Blockchain CFTC regulation privacy identity Digital Asset CFTC proposes reducing anonymity to manage risks

The commissioner of the Commodity Futures Trading Commission (CFTC), Christy Goldsmith Romero, has proposed reducing the anonymity of cryptocurrencies as a means of managing the risks associated with digital assets. The statement was made during the keynote speech on Illicit Finance and Other Key Risks of Digital Finance at City Week 2023 in London on April 25.

25.04 / 09:39

Blockchain regulation LUNC Terra Luna Terraform Labs Terra Terraform Labs co-founder and nine others indicted in South Korea

The financial crimes unit at the Seoul Southern District Prosecutors’ Office reportedly indicted Terraform Labs co-founder Shin Hyun-seong and nine other individuals for the collapse of the Terra stablecoin ecosystem.

24.04 / 18:35

hacks regulation FBI OFAC lazarus OFAC sanctions OTC traders who converted crypto for North Korea’s Lazarus group

The United States Treasury Department has identified over-the-counter (OTC) cryptocurrency traders who assisted North Korea’s Lazarus Group in converting stolen crypto into fiat currency. Crypto traders in China and Hong Kong have been sanctioned by the Treasury’s Office of Foreign Assets Control (OFAC). In addition, a China-based banker was sanctioned for coordinating some of the illicit cashflow.

24.04 / 11:35

Blockchain regulation security Terra NOT LUNA token is not a security, rules S.Korean court in Terra co-founder case

A South Korean district court has dismissed charges of security violations against former Terraform Labs CEO and co-founder Hyun-seong Shin. The court deemed LUNA (LUNA) (the native token of the LUNA ecosystem) as non-security under Korea’s Capital Markets Act.

21.04 / 21:37

regulation AML decentralized marketplace compliance Innovate some compliance mechanisms, US Treasury official tells DeFi community

The United States Treasury did a risk assessment of decentralized finance (DeFi) and found the sector lacking in several ways, Assistant Treasury Secretary for Terrorist Financing and Financial Crime Elizabeth Rosenberg reminded an audience at the Atlantic Council think tank on April 21. Get ready for more regulation, she said.

21.04 / 20:13

Stablecoin Payments regulation coinbase us sanctions regulatory Lack of regulatory clarity on payment solutions could undermine US sanctions, says expert

According to former Department of State official Anja Manuel, if the United States isn’t able to maintain its dominance in financial innovation and payments, it could affect its national security policy, specifically on sanctions.

20.04 / 11:59

regulation Altcoin Police Terraform Labs Terra Terra co-founder Do Kwon reportedly indicted for document forgery

Prosecutors in Montenegro have reportedly issued the indictments to Terra co-founder Do Kwon after arresting the executive in late March.

19.04 / 11:11

Twitter Drugs Telegram Fighting Bitcoin S Korean President Calls for ‘War’ on Crypto-powered Drug Trafficking

South Korean President Yoon Seok-yeol has declared an “all-out war” on crypto-powered drug trafficking after a large number of narcotics-trading teens were handed jail time.

15.04 / 09:43

business Law regulation LUNC Terraform Labs Terra Lawyers Do Kwon lawyers received $7 million before Terra collapse: Report

South Korean prosecutors confirmed that Terraform Labs CEO Do Kwon sent 9 billion won ($7 billion) to Kim & Chang — a top South Korean law firm — right before the spectacular collapse of the Terra ecosystem.

14.04 / 06:55

Blockchain Report Gaming Asia Sony Asia’s current gaming domination ‘crucial’ for Web3 games: DappRadar

Asia is “crucial” to the Web3 gaming industry as it already boasts the majority share of gamers, gaming revenue and has a high interest in blockchain technology a new report suggests.

13.04 / 11:17

Citi Crime Man Bitcoin Korean ‘Crypto Murder’ Case: Couple Paid ‘Killer’ – Here’s What We Know

A couple at center of a crypto murder-kidnap case that has rocked South Korea have reportedly confirmed that they gave money to the suspected killer of a 48-year-old woman.

12.04 / 20:49

regulation privacy Money laundering Blockchain Association files brief in Tornado Cash case

Crypto advocacy groups Blockchain Association and DeFi Education Fund filed a brief in United States District Court in Austin in the case brought by six individuals against the United States Treasury Department over the sanctioning of Tornado Cash. The amicus (friend of the court) brief supports the plaintiff’s motion for a partial summary judgment.

12.04 / 13:27

UPS Binance Southern Bitcoin Threat Terra Founder Do Kwon’s Crypto Stash Under Threat as S Korean Prosecutors Make Move

South Korean prosecution officials want to freeze crypto holdings and cash belonging to the Terraform Labs founder Do Kwon, and have asked a court to help them freeze funds located in Switzerland and elsewhere.

11.04 / 15:31

Cooper CEO Merit Action Southern HANS Terra founder Do Kwon invites more trouble, million in assets to be frozen

According to a recent Forkast news report, the Seoul Southern District Prosecutors’ Office has frozen 7.1 billion Korean won ($5.36 million) in assets belonging to Terraform Labs CEO Kwon “Do Kwon” Do-hyung.

10.04 / 16:25

business Blockchain Adoption Hackers Cybersecurity security Bitcoin South Korean crypto exchange GDAC hacked for nearly $14M

South Korean crypto exchange GDAC has been hacked for approximately $13.9 million worth of crypto. The exchange has halted all deposits and withdrawals and is performing emergency server maintenance in response to the attack, according to an April 10 announcement from GDAC CEO Han Seunghwan.

10.04 / 12:15

Adoption Google data Bitcoin Trump Bitcoin tops Donald Trump, guns in America: Google Trends

Amid the growing discussions around Donald Trump, guns and other topics tied to politics and entertainment, Bitcoin (BTC) remains the most Googled term in the United States.

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