South Korea Financial News

30.05 / 12:27

regulation Terra From Beijing to Tokyo, Asian nations get active in crypto regulation: Law Decoded, May 22–29

Last week, almost all the key markets for digital assets in Asia got updates from local regulators. Lawmakers in Japan have decided to enforce stricter Anti-Money Laundering measures to trace cryptocurrency transactions from June 1.

30.05 / 03:15

Provident Digital Gap Racing coinbase Bitcoin regulatory Ark Investment: U.S. Crypto Innovation Threatened by Regulatory Ambiguity

Major trading firms in the United States, such as Jane Street Group and Jump Trading, are scaling back their involvement in the domestic crypto markets due to increasing regulatory uncertainties and associated risks. This retreat is causing a significant void in the once vibrant U.S. crypto landscape, which could deter interest from institutional investors.

30.05 / 00:49

Provident BLOCK Digital Citizens Bank of Japan Releases CBDC Report and Launched Its Pilot Program As Other Countries Gain Steam

The Bank of Japan released the results and findings of a report on central bank digital currencies

29.05 / 20:37

Citi Cooper Legal South Korean Court Jails Civil Servant Who Stole Public Funds to Buy Crypto

A South Korean court has handed a suspended jail term to a civil servant who stole thousands of USD worth of public funds to pay for crypto investments.

29.05 / 05:45

Provident Target Platform Compilation scam Crypto scams Spike in Crypto Scams Targeting Young Korean Women – Here’s How Fraudsters Strike

There has been a spike in South Korean crypto scams that target young women on social media platforms, a new study has revealed.

26.05 / 22:27

CBDC Adoption European Union ECB Euro digital euro ECB sums up digital euro prototyping exercise as it nears possible pilot launch

The European Central Bank (ECB) has published a summary of the results of its digital euro central bank digital currency prototyping exercise. The exercise investigated offline use of a simulated digital euro and four other instances of interoperability with existing payments systems.

26.05 / 01:13

Man Platform scam S Korean Police Bust ‘Crypto Scammer’ Who ‘Preyed on Housewives and Office Workers’

South Korean police have arrest a suspected crypto scammer who allegedly preyed on “housewives and office workers.”

25.05 / 07:15

Waves regulation Platform Fighting crypto sector South Korean Prosecution Vows to ‘Review’ Crypto Sector as Scandal Intensifies

South Korea’s Prosecutor-General has promised a “thorough review” of the crypto sector amid rising “public suspicion” about politicians and their crypto holdings.

25.05 / 02:33

Blockchain Provident Digital Platform Continental Bitcoin Experts Say Crypto Is Destined For Success In Asia

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24.05 / 17:55

TerraUSD Terraform Labs Terra bail Montenegro Court Terraform Labs’ Do Kwon’s Bail Revoked in Montenegro Court: Bloomberg

A court in Montenegro has repealed a lower court’s decision under which to release Terraform Labs co-founder Do Kwon on bail, according to Bloomberg News.

24.05 / 07:17

regulation Upbit Bithumb South Korea’s lead party wants crypto disclosure laws to apply earlier: Report

A new bill mandating South Korean lawmakers and high-ranking government officials to declare their cryptocurrency holdings is expected to take effect within the next two months, said the floor leader of the country’s ruling party.

23.05 / 10:37

Blockchain UPS Provident Platform TON Toncoin TON Foundation Launches $25 Million Accelerator Program for Emerging Crypto Projects

The TON Foundation, the entity which runs The Open Network (TON) blockchain, has unveiled a new accelerator program for emerging projects, allocating up to $25 million for supported projects this year.

23.05 / 09:37

cryptocurrency regulation Holdings South Korea to Amend Public Service Ethics Act, Mandating Disclosure of Cryptocurrency Holdings

The South Korean government has drafted an amendment to an existing law, which would require public officials to disclose their cryptocurrency holdings.

22.05 / 10:51

Legal Court Terra bail Terra Founder Do Kwon Having His Bail Conditions Appealed in Montenegrin Court

Prosecutors in Montenegro appealed against the bail terms of Terra/LUNA co-founder Do Kwon and chief financial officer Han Chang-Joon.

22.05 / 07:17

Blockchain UPS Citizens Software Legal South Korean Prosecutors Buy Blockchain Analytics Tools in Bid to Bust ‘Crypto Money Laundering’

South Korea’s prosecution service will buy new blockchain analytics software – and wants to use it to catch people laundering crypto overseas.

20.05 / 01:27

HANS South Korean Justice Ministry Hits Out at Claims it ‘Refused to Say’ if Minister Owns Crypto

South Korea’s Justice Ministry has hit out at claims that Minister Han Dong-hoon “refused to disclose information” about whether or not he owns crypto.

19.05 / 17:45

CBDC legislation lawmakers US lawmakers US Lawmakers Introduce ‘First Bipartisan Bill’ Blocking a CBDC

US lawmakers from both sides of the aisle introduced a bill this week to block the Federal Reserve from issuing a central bank digital currency.

18.05 / 09:37

regulation Court Terra bail Montenegro prosecutors appeal against Do Kwon’s bail terms

Terra co-founder Do Kwon’s bail is now in question after the State Prosecutor’s Office filed an appeal against it. Kwon is still wanted for extradition by South Korea and has criminal charges to answer in the United States.

18.05 / 04:05

Blockchain regulation crimes bills policies lawmakers crypto rules Korean lawmakers rally towards crypto rules in May after grisly murder case: Report

Lawmakers from South Korea are pushing to enshrine stricter regulation of digital assets in the wake of a gruesome murder case involving digital assets.

18.05 / 01:43

Fallout Holdings Crypto Holdings lawmakers South Korean Lawmakers ‘Must Declare’ Crypto Holdings – ‘Coin Gate’ Fallout Continues

South Korean lawmakers will likely be “obliged” to declare their crypto holdings following a national outcry over alleged “insider trading.”

17.05 / 19:57

business Blockchain Technology Law Investments Holdings Crypto Holdings South Korean prime minister calls for disclosure of crypto holdings by high-ranking officials

South Korean Prime Minister Han Deok-soo is calling for the disclosure and registration of cryptocurrency assets by high-ranking public officials, a local news outlet has reported.

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