South Korea Financial News

18.08 / 05:01

Adoption Police Traffic Korean police seize crypto for unpaid traffic fines in trial

A South Korean town near Seoul has been successfully operating a pilot program that allows police to seize crypto from the exchange accounts of individuals with delinquent traffic fines.

17.08 / 20:19

Sport economics Legal Bitcoin Lawyers Unstoppable Domains tax evasion Do Kwon Reportedly Lawyers Up, Colombia May Fight Tax Evasion with Digital Currency, Unstoppable Domains Lunches App + More News

17.08 / 16:03

business regulation Terraform Labs Terra Lawyers Do Kwon reportedly hires lawyers in S.Korea to prepare for Terra investigation

Terraform Labs co-founder Do Kwon has reportedly hired a lawyer from a domestic law firm in South Korea just days after claiming the South Korean authorities are yet to reach out to him or file any charges against him.

17.08 / 14:09

regulation Exchange Police Traffic Pay Your Traffic Fines or We’ll Confiscate Your Crypto – S Korean Police Pilot Grants Officers New Powers

17.08 / 12:47

cryptocurrency CEO Platform Crypto.com regulatory approval regulatory Crypto.com Gets UK Regulatory Approval

Authorities around the world are grappling with how to regulate the crypto sector.

16.08 / 18:11

cryptocurrency Adoption banking South Korea’s SK Securities to Team up with Regional Bank for Crypto Custody, NFT Move

16.08 / 18:11

Binance regulation Kraken Huobi Uzbekistan Blocks Access to Overseas Crypto Exchanges; Binance, Kraken, FTX, Huobi Reportedly Included

16.08 / 12:35

business Blockchain community Terra Usd Do Kwon breaking silence triggers responses from the community

As the Terra (LUNA) co-founder and CEO Do Kwon breaks his silence about the collapse of the algorithmic stablecoin Terra USD (UST) and LUNA, the community responded with various sentiments against the Terra executive.

16.08 / 06:19

business regulation Banks remittances Premium Korean regulators investigate banks over $6.5B tied to Kimchi premium

South Korean banks are being investigated for their role in facilitating $6.5 billion in suspicious overseas remittances which have been tied to companies arbitraging cryptocurrency.

15.08 / 23:13

cryptocurrency Adoption Hyundai Hyundai’s Securities Affiliate to Add Crypto Data to its Asset Management Platform

15.08 / 18:19

regulation Trading banking Premium Kimchi Premium Trading Total Could Be Almost Twice as High as First Thought, Says Regulator

15.08 / 08:27

Adoption Polygon Mobile Games NFT games have edge over ‘money in, no money out’ games: Polygon's Urvit Goel

Polygon’s VP of Global Business Development for gaming Urvit Goel believes games that integrate nonfungible tokens (NFTs) have a natural edge on traditional games that don’t allow users to sell their in-game items.

11.08 / 18:41

Government regulation crypto legislation Financial South Korea's financial watchdog wants to 'quickly' review crypto legislation: Report

The chair of South Korea’s Financial Services Commission said the regulator plans to expedite its review of 13 bills pending in the country’s National Assembly related to digital assets.

10.08 / 22:19

Blockchain Ethereum NFT Sky Mavis CryptoPunk to be split into pieces: Nifty Newsletter, Aug 3–9

In this week’s newsletter, read about Ethereum co-founder Vitalik Buterin’s proposal for stealth nonfungible token (NFT) ownership. Check out how a CryptoPunk will be split into thousands of pieces to enable smaller investors to access it, and how the NFT play-to-earn game Axie Infinity plans to double down on South Korea despite regulatory hurdles. In other news, learn about how NFT storage works according to two NFT experts. Lastly, check out how a Redditor turned criticisms of the NFT space into NFTs.

09.08 / 23:45

Ethereum Crime Mining Business Exec’s Noisy Illegal Ethereum Mining Rigs Left Employees Sweltering in 40°C Furnace

09.08 / 22:43

Blockchain Gaming Asia Game dev explains why blockchain should be 'invisible' in P2E gaming: KBW 2022

Com2uS, the mobile game developer, wants to create its own version of Web3, “where it is free to play and own.” This is according to the company’s president Kyu Lee, who spoke at Korea Blockchain Week 2022 in Seoul, revealing the plan to launch a new blockchain.

09.08 / 20:07

Blockchain Ethereum privacy security Ethereum's Vitalik Buterin Lists 'Worthwhile' Ideas for Developers to Work On

09.08 / 17:55

Blockchain NFT defi Blockchain Game 1inch plugs into Klaytn as Asia continues to climb aboard

South Korea's most popular metaverse blockchain Klaytn is set to benefit from deeper liquidity and improved token swaps through a new partnership with decentralized finance (DeFi) protocol 1inch Network.

09.08 / 12:51

Blockchain defi GameFi and crypto 'natural fit' for game publishers: KBW 2022

South Korea is considered the fourth biggest gaming market and one of the biggest blockchain adopters. However, the country has banned play-to-earn (P2E) blockchain games due to the crypto integration. The new pro-crypto president Yoon Suk-yeol had hinted at lifting the ban, but the government has yet to show any significant effort.

09.08 / 10:43

cryptocurrency CryptoExplainer crypto news US Imposes Sanctions On Digital Currency Mixer Firm Tornado Cash

US imposes sanctions on virtual currency mixer Tornado Cash

09.08 / 09:31

Blockchain Adoption NFT Metaverse rights KBW 2022: Digital property rights key to thriving Web3 economy — Animoca’s Yat Siu

Yat Siu, co-founder of Hong Kong-based venture firm Animoca Brands has argued that on-chain digital property rights are the main aspects of blockchain technology that will drive a more decentralized society.

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