South Korea Financial News

29.09 / 11:19

Twitter CEO Action Luna Terraform Says Case Against Do Kwon Is ‘Politicized’ and LUNC ‘Isn’t a Security’

Do Kwon, the under-fire CEO of Terraform Labs, has hit out at South Korean prosecutors via his firm. The company has accused prosecutors of morphing the legal definition of a security to kowtow to political pressures.

29.09 / 09:07

Law regulation security Terra WSJ: Terraform Labs claims case against Do Kwon is ‘highly politicized’

Terraform Labs, the company behind the development of the Terra (LUNA) blockchain said South Korea’s case against its co-founder Do Kwon has become political, alleging prosecutors expanded the definition of a security in response to public pressure.

28.09 / 16:41

Adoption regulation regulatory approval regulatory Crypto.com scores fresh regulatory approval in France

Singapore-based digital asset platform Crypto.com scored a major regulatory approval in France. The digital asset platform was approved to register as a Digital Asset Service Provider (DASP) by the stock market regulator Autorité des marchés financiers (AMF). The approval was granted after the platform received clearance from the Autorité de Contrôle Prudentiel et de Résolution (ACPR), the financial regulator in the country.

28.09 / 13:57

Provident CEO Platform regulatory approval regulatory Crypto.com receives regulatory approval in France

The cryptocurrency platform reports that it went through rigorous review, particularly around the topics of anti-money laundering and combatting terrorism financing, before receiving regulatory approval.

28.09 / 13:03

BTC Kucoin Bitcoin South Korean Regulators Order Seizing 3313 BTC Linked to Do Kwon

The South Korean regulators have instructed KuCoin and OKX to freeze the total of 3,313 Bitcoin (BTC) worth approximately $67 million linked to Do Kwon.

28.09 / 11:55

Terra Terra Luna Classic MPs MPs to Question Terra Co-founder Daniel Shin Amid Ongoing Investigation

Do Kwon and other Terraform Labs executives may still be “on the run” – but South Korean lawmakers have announced they want to question the Terraform co-founder Daniel Shin and other individuals linked with the Terra ecosystem.

28.09 / 04:29

Blockchain BTC Kucoin >3000 BTC transfer in the spotlight after Do Kwon’s arrest warrant

A suspicious transfer of over $3,000 BTC ($60 million) has been detected after South Korea issued an arrest warrant against Do Kwon, the Founder and CEO of Terraform Labs.

28.09 / 01:35

Law regulation Cybercrime Training Binance Global Law Enforcement Training Program is official after year of activities

Binance announced the existence of its Global Law Enforcement Training Program in a blogpost on Sept. 27. The creation of the program could be considered retroactive, since the company’s investigations team has been holding workshops for law enforcement for the past year.

27.09 / 20:09

cryptocurrency Adoption South Korea Crypto Market Shrinks by 60% in Past Six Months – Are Investors Preparing a Move?

The size of the South Korean crypto market has shrunk by a whopping 60% in the last six months as retail investors in the crypto-keen nation slash their crypto spending. But there is a suggestion that some traders in the nation are still dipping their toes in the market’s choppy waters, while others appear to be readying for more significant moves.

27.09 / 18:03

Blockchain regulation Terraform Labs Terra Bitcoin freeze Report: Korean authorities orders freeze of $67M of Bitcoin tied to Do Kwon

South Korean authorities have requested crypto exchange OKX and Kucoin to freeze 3,313 Bitcoin (BTC) reportedly tied to Do Kwon, the co-founder of Terra blockchain developer Terraform Labs.

27.09 / 16:51

Digital Strategy South Korea seizes crypto-assets worth $180M from tax evaders

South Korean authorities have seized virtual assets worth KRW 260 billion ($182 million) from tax offenders. This, according to a report by Maekyung, a local news outlet. The crackdown is part of the coordinated efforts of the South Korean government to enforce tax compliance in regard to cryptocurrency and other virtual assets.

27.09 / 14:01

FIVE Digital Platform Terraform Labs fugitive Crypto Fugitive Kwon Denies Hiding from Authorities

Terraform Labs co-founder has denied being in hiding after South Korean authorities asked Interpol to issue a red notice for his arrest.

27.09 / 13:39

Twitter FIVE Southern Returns Do Kwon Returns to Twitter Despite Interpol Red Notice, LUNC Rally Halts

Do Kwon, the co-founder of Terraform Labs and the Terra network has returned to Twitter, despite the fact that prosecutors in South Korea are now freezing his bitcoin (BTC) and cryptoassets – as TerraLunaClassic (LUNC) prices continue to take holders on a bumpy ride.

27.09 / 09:07

Blockchain Gaming Yat Siu: Asia GameFi opportunity huge as gamers don’t hate NFTs

Animoca Brands co-founder Yat Siu thinks that GameFi has the biggest opportunity for growth in Asia, as gamers there don’t hold the same vitriol towards nonfungible tokens (NFTs) as they do in the West.

27.09 / 01:42

Law regulation Interpol Terra Terra co-founder Do Kwon says he's 'making zero effort to hide' following Interpol notice

Terra co-founder Do Kwon, wanted by South Korean authorities and whose whereabouts are currently unknown, has suggested he’s not changing his routine in response to potential legal action.

26.09 / 20:53

Provident FIVE Arrow Luna South Korea’s Interpol issues ‘Red Notice’ for Do Kwon- Details inside

Do Kwon, the co-founder of Terraform Labs, is purportedly the subject of a “Red Notice” from Interpol to law enforcement agencies all around the world.

26.09 / 15:33

business Binance Altcoin Terra Binance to burn all LUNC trading fees following community feedback

To support the Terra community’s efforts to revive the Terra LUNA Classic (LUNC) token, crypto exchange Binance announced an off-chain burning mechanism last week. However, after receiving mixed reactions from community members, the exchange revised its burning approach.

26.09 / 13:01

FIVE Digital Platform Terraform Labs Luna Interpol Issues Red Notice for Terra's Kwon

Terraform Labs co-founder has been issued with a red notice from Interpol, prosecutors in South Korea claim, according to a report from Bloomberg.

26.09 / 11:13

FIVE Southern Interpol Has Issued a Red Notice for Do Kwon, Say South Korean Prosecutors

The International Criminal Police Organization, known widely as Interpol, has issued a Red Notice on Do Kwon, the co-founder of Terraform Labs and the Terra ecosystem – as the manhunt for the elusive crypto chief continues.

26.09 / 06:09

defi Terraform Labs Terra Breaking: Interpol 'Red Notice' issued for Do Kwon — South Korea prosecutors

Interpol has reportedly issued a “Red Notice” to law enforcement worldwide for the arrest of Terraform Labs co-founder Do Kwon.

25.09 / 08:27

business Altcoin Taxes Burn Terra LUNC investors react to CZ's 1.2% trading tax recommendation on Binance

The infamous collapse of the Terra ecosystem, which erased market prices of TerraUSD (UST) and LUNA tokens, continues to trouble anxious investors as co-founder Do Kwon, crypto exchanges and the community together tries to identify the best route for a sustainable price recovery.

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