South Korea Financial News

24.09 / 03:09

regulation Upbit Crypto Exchange Executive Upbit Exchange Executive Welcomes Talk of Fresh Crypto Regulations

One of the top executives at Upbit, South Korea’s market-leading crypto exchange, has spoken out in favor of new crypto regulations both at home and abroad – and has suggested that while they may cause the markets more short-term pain, the industry is set to benefit in the long term.

23.09 / 23:11

BNB Who Are Binance’s Magnificent 11 and Why Are They So Important for its Global Success?

Binance, the world's largest cryptocurrency exchange by trading volume, has announced the creation of an eleven-person all-star team of experts in public policy, government, finance, economics, and corporate governance to spearhead its global success.

23.09 / 13:25

Blockchain Adoption Digital Currency China accounts for 84% of all blockchain patent applications, but there's a catch

China accounts for 84% of all blockchain applications filed worldwide, according to the latest data shared by the country’s government official.

22.09 / 21:19

business banking partnership services Blockdaemon Korean crypto bank partners with Blockdaemon to offer retail staking services

Crypto-focused finance company Delio has partnered with Blockdaemon to launch retail-focused staking services, giving customers a more seamless way to earn rewards on their digital asset holdings.

22.09 / 18:53

business Blockchain Taxes South Korean gov has confiscated 260B KWR in crypto for non-payment of taxes since 2021

According to local news outlet mk.co.kr, the South Korean government has seized over 260 billion Korean won ($180 million) worth of cryptocurrencies in the past two years due to tax arrears. The country's politicians enacted regulations allowing for the seizure of digital currencies for tax delinquencies and began enforcing them last year.

22.09 / 18:39

Blockchain Ethereum Provident Platform Playdapp & Mikey NFT Stands Out In The Bustling NFT Marketplace And Gets Sold Out Within Three Hours

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

22.09 / 13:22

Citi Citizens Strategy Bitcoin South Korean Taxman Has Seized $186m Worth of Crypto from Tax Dodgers in Past 2 Years, Says Gov’t

South Korean tax authorities have seized over $186 million in crypto from tax-evading individuals since 2021.

22.09 / 02:25

UPS SoftBank Coindesk valuation FTX in talks to raise up to $1 billion at valuation of about $32 billion, in-line with prior round

Sam Bankman-Fried's crypto conglomerate FTX is in talks with investors to raise up to $1 billion in new funding that would keep the company's valuation at roughly $32 billion, according to people with knowledge of the discussions.

21.09 / 21:16

Law regulation Terra Majority of crypto exchange leadership should be comprised of citizens, say Indonesian regulators

Jerry Sambuaga, the deputy minister of Indonesia’s Ministry of Trade, has proposed a rule that would require the leadership at the country’s crypto exchanges to be more representative of its citizens.

21.09 / 13:31

UPS BTC Citizens Bitcoin Premium South Korean Police Swoop on 25 Suspected Kimchi Premium BTC Traders

South Korean law enforcers continue to crack down on illegal kimchi premium traders – and have arrested 25 suspected traders who they think ran an illegal international bitcoin (BTC) trading ring.

20.09 / 13:11

UPS Terraform Labs Terra South Korean Prosecutors Turn to Interpol for Help in Hunt for Do Kwon

Source: Screenshot/YouTube/Coinage

20.09 / 12:03

Blockchain Twitter Hackers hacks Hackers take over CoinDCX Twitter account, promote fake XRP ads

The official Twitter account of India-based crypto exchange CoinDCX has been hacked and used by the exploiters to post fake XRP promos partnered with phishing links in an attempt to scam the exchange’s followers.

20.09 / 00:15

Twitter Cooper Extreme Luna South Korean prosecutors seek Interpol red notice, is LUNA on risk

Less than a week after South Korean authorities issued an arrest warrant for the founder of TerraForm Labs, the company behind TerraUSD, the prosecutor’s office is now seeking an Interpol red notice against Do Kwon.

19.09 / 19:45

Law regulation crimes Terra South Korean authorities ask Interpol to issue 'Red Notice' for Do Kwon: Report

South Korean prosecutors have reportedly requested Interpol intervene in their case against Terra co-founder Do Kwon by issuing a "Red Notice" — suggesting global law enforcement agencies may attempt to find and detain him.

19.09 / 15:31

Blockchain Digital Platform Customers One of S Korea’s Biggest Card Issuers Launches Blockchain-powered platform to Help Customers Spot Fake Goods

Shinhan Card, South Korea's biggest credit card company and a global top-five credit card issuer, has launched a blockchain-powered digital warranty service used to certify the authenticity of products.

19.09 / 14:29

Twitter CEO Terra Prosecutors Hunt for ‘Fugitive’ Do Kwon & Say He Left South Korea ‘in April’

South Korean prosecutors have labeled the Terraform Labs CEO Do Kwon a “fugitive” – and have claimed that he fled South Korea in April – several days before the crash of Terra ecosystem coins like TerraUSD (UST).

19.09 / 14:29

J-pop to Go Crypto with IEO-funded Idol Group to Debut in 2023

J-pop is ready to take the crypto plunge, with Japan’s biggest pop producer set to debut a new “idol group” (a boy band or girlgroup) in the metaverse – a project that will be funded through an initial exchange offering (IEO).

19.09 / 13:59

FIVE Cooper Extreme NOT Do Kwon Tweets "Not on the Run", Willing to Disclose Location

Terraform Labs' founder claimed on Saturday that he is not on the run but in «full cooperation» with government agencies interested in communicating.

19.09 / 13:03

FIVE Extreme Luna Wanted Terra crypto developer may be trying to escape probes but Do Kwon denies being on the run

The wanted crypto developer Do Kwon, who is accused of fraud by investors following the $45 billion (€45 billion) collapse of his cryptocurrencies Luna and TerraUSD, is reportedly trying to evade South Korean authorities.

19.09 / 10:15

Blockchain cryptocurrency crypto news Luna NOT Crypto Developer Do Kwon Wanted For Fraud Not In Singapore: Police

Wanted crypto developer Do Kwon is not in Singapore, police say

19.09 / 05:27

business Law Terra Luna NOT Terra co-founder Do Kwon says he’s not ‘on the run’

Do Kwon, the co-founder of the Terra ecosystem, took to Twitter on Saturday asserting he’s “not ‘on the run’ or anything similar” after the Singapore Police Force (SPF) said Kwon wasn’t in the city-state.

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