South Korea Financial News

04.05 / 17:01

regulation Europe Asia Examining global successes and challenges in regulating crypto: Report

The use and popularity of cryptocurrencies have significantly increased in recent years, but their decentralized nature makes them difficult to regulate, and the lack of a clear framework has led to concerns about money laundering, terrorist financing and consumer protection. Over 90 countries have introduced cryptocurrency regulations since 2014, with 28 adopting crypto-related laws in 2022.

03.05 / 13:03

Blockchain Altcoin Meta Mainnet SUI mainnet goes live as token sees immediate action on Binance, OKX, others

Major cryptocurrency exchanges around the world are launching trading of the Sui (SUI) token amid the Sui Network's mainnet launch on May 3.

03.05 / 09:55

UPS Crime Bitcoin Legal Twist Let South Korean Treasury Make $3.7m from Seized Crypto

A legal twist allowed the South Korean Treasury to make a large profit on crypto seized by law enforcers in 2018 – and liquidated while Bitcoin (BTC) was trading for just under $40,000.

02.05 / 14:19

UPS Binance Platform Banner Bitcoin “Binance Japan” Set to Launch in June – Which Country Comes Next?

The crypto exchange giant Binance is set to launch “Binance Japan” next month by rebranding a Japanese exchange it bought late last year.

01.05 / 05:05

defi hacks Cybersecurity Scams Crypto scams Lost April’s crypto scams, exploits and hacks lead to $103M lost — CertiK

Crypto exploits, exit scams, and flash loan attacks saw little signs of letting up in April, with more than $103 million of funds stolen from crypto projects and investors in the month.

28.04 / 15:11

Where crypto can grow: Digital asset regulations around the world

As cryptocurrencies continue to become a bigger part of the global economy, more and more governments are exploring ways to regulate the industry and construct rules for firms operating in the space.

26.04 / 20:45

Government Law Stablecoin regulation Trading regulatory South Korea’s sweeping crypto bill passes first regulatory hurdles

South Korean legislators passed a first phase review of proposed regulations that would give the nation’s Financial Services Commission authority to investigate and supervise financial activity related to “digital assets,” including cryptocurrency.

26.04 / 10:35

SEC Legal Investment Terraform Labs Terra Terra Co-Founder Among Ten Formally Charged in South Korea Following Months-Long Investigation – $185 Million Worth of Assets Frozen

South Korean prosecutors have indicted Terraform Labs co-founder Daniel Shin and nine others on several charges, including violations of capital markets law related to the failed Terra/Luna project.

25.04 / 17:15

UPS Cooper Bitcoin Luna Terra Co-Founder Indicted in South Korea on Violations of Capital Markets Law

Daniel Shin, the co-founder of Terraform Labs—once one of the most valuable crypto exchanges before its flagship TerraUSD (UST) stablecoin imploded last year—was indicted by South Korean authorities on Tuesday.

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 / 13:11

Blockchain regulation Investments SEC U.S. Sec Charges Do Kwon seeks SEC charges dismissal as S.Korea rules LUNA as non-security

Court documents were filed indicating that Do Kwon, co-founder and CEO of Terraform Labs, has asked for the dismissal of charges leveled against him by the Securities and Exchange Commission (SEC).

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 / 15:15

Blockchain Ethereum Cardano SEC DApp IOTA Bitcoin Standard Today in Crypto: Standard Chartered Says BTC Could Hit $100K by 2025, Bank of Korea Allowed to Investigate Crypto Business Operators, US Judge Orders Hydrogen to Pay $2.8M in Penalties

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

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.

24.04 / 10:37

Digital SEC CEO Discover Terra Lawyers Do Kwon Lawyers: SEC Has No Terra Jurisdiction – Could CEO Walk Free?

The legal team of the Terraform Labs Co-founder and CEO Do Kwon has hit out at the United States Securities and Exchange Commission (SEC) – claiming Terra coins are not securities.

24.04 / 04:39

UPS Digital regulation Action Bank of Korea given right to investigate local crypto firms: Report

The central bank of South Korea has been given the green light to ramp up its scrutiny of cryptocurrency service operators and issuers amid further discussions on virtual asset legislation in the country.

22.04 / 16:07

business Gemini Derivatives Winklevoss Twins Gemini to launch derivatives platform outside the United States

United States-based crypto exchange Gemini announced on April 21 the upcoming launch of a derivatives platform outside the U.S. The move comes amid a tightening and uncertain regulatory environment for crypto firms in the country.

22.04 / 06:17

business regulation SEC Fraud Court Terraform Labs Terra Lawyers Do Kwon lawyers reportedly dismiss SEC's securities fraud allegation

The lawyers representing Terraform Labs co-founder Do Kwon reportedly argued in court against the allegations pressed by the US Securities and Exchange Commission (SEC). The federal agency had sued Kwon for allegedly defrauding US investors by illegally offering unregistered securities.

21.04 / 16:33

regulation Research Taxes Future The future of crypto taxes: Understanding the ever-changing landscape

A closer look at the current state of crypto taxation worldwide reveals a trend toward increased regulation and maturity, with many governments recognizing the potential benefits of blockchain technology in various sectors. As the blockchain and cryptocurrency industry continues to evolve and gain mainstream adoption, the regulatory landscape surrounding them is also evolving rapidly.

21.04 / 13:17

UPS HANS Terra Terraform Labs Co-founder Do Kwon and CFO Charged with Forgery by Montenegro Prosecutors

Terra founder Do Kwon and Terraform Labs’ chief financial officer Han Chang-joon are both accused of forgery by prosecutors in Montenegro.

21.04 / 11:21

Remark Bankruptcy Youth Insolvency Spikes in South Korea – Is a Rise in Crypto Investment to Blame?

Crypto investment is being blamed for a spike in the number of South Korean people aged 20-39 declaring insolvency.

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