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Regulatory Drama: Why Crypto.com Postponed Its Big Move Into Korea Days Before Launch
Crypto.com, a global crypto exchange, recently postponed its much-anticipated retail market expansion in South Korea, originally scheduled for April 29. This strategic decision came just six days before the planned launch, and according to the report, this delay is due to the company’s need for more comprehensive engagement with local regulatory bodies. Related Reading: South Korean […] дальше »
2024-4-24 04:00
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Crypto .com postpones expansion plans for South Korea, talks with regulators
The Singapore-based exchange is postponing its expansion plans for South Korea, citing the need to communicate with regulators. The post Crypto .com postpones expansion plans for South Korea, talks with regulators appeared first on Crypto Briefing. дальше »
2024-4-24 17:36
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Crypto.com Postpones South Korea Launch After Reports of Money Laundering Probe
The firm maintains the "highest" anti-money laundering standards in the industry, it said in a statement to CoinDesk. дальше »
2024-4-24 16:01
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South Korean won tops global crypto trading, overthrowing USD
The South Korean won has surpassed the U.S. dollar as the leading currency for trading crypto worldwide. дальше »
2024-4-17 20:19
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Crypto.com to launch services for retail traders in South Korean market
Singapore-based crypto exchange Crypto.com is set to launch services in South Korea, two years after acquiring local crypto exchange OK-BIT. Crypto.com announced in a blog post on Apr. 2 that it’s planning to launch the Crypto.com App in South Korea… дальше »
2024-4-2 10:12
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Crypto.com to launch retail trading services in South Korea
Crypto.com is launching a crypto trading platform in South Korea after its acquisition of OK-BIT, a local crypto exchange. дальше »
2024-4-3 08:52
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South Korean police nab fraudsters in $4.1m crypto scam
South Korean police apprehended a pair of fraudsters who stole 5.5 billion won ($4.1 million) from a senior man under the guise of profitable crypto investments. The Haeundae Police Station in Busan, South Korea, caught two people in their 20s… дальше »
2024-3-26 15:19
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Korean altcoin issuer detained over $16.1m fraud allegations
A South Korean altcoin issuer was arrested by the Seoul Southern District Prosecutors’ Office’s Virtual Asset Crime Joint Investigation Team on March 19, facing fraud charges. The unnamed individual is accused of defrauding investors of $16.1 million, an arrest that… дальше »
2024-3-21 12:33
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Korean tax service mulling new platform to monitor all crypto transactions
Korea’s National Tax Service wants to develop a new management system to monitor crypto transactions and combat illegal activities, targeting completion by 2025. South Korea‘s National Tax Service has initiated preliminary consultations with a consulting firm to develop a new… дальше »
2024-3-11 12:27
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Bitcoin Surge Sees Crypto Trading Volumes Exceed the Stock Market in South Korea
The KOSPI trading volume recorded 11.4794 trillion won on Mar.8, compared to nearly 12 trillion won on local crypto exchanges on Sunday. дальше »
2024-3-12 12:08
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US DOJ appeals Montenegro court’s extradition verdict favoring Do Kwon’s return to South Korea
U.S. prosecutors have declared their intention to appeal a recent decision by a Montenegrin high court regarding the extradition of Do Kwon, the former CEO of Terraform Labs, to South Korea. The development is part of an ongoing legal saga… дальше »
2024-3-8 11:12
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Do Kwon to Be Extradited to South Korea After March 23, Lawyer Says
Kwon successfully appealed a previous decision by the same court to send him to the U.S. instead. дальше »
2024-3-8 17:52
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Crypto reform takes a back seat in South Korea amid regulatory uncertainty, no BTC ETF plans in sight
South Korea’s People Power Party has decided to delay its intentions to relax cryptocurrency regulations indefinitely. This shift includes halting the initiative to lift the prohibition on domestic spot Bitcoin exchange-traded funds (ETFs), a move initially anticipated by market watchers.… дальше »
2024-2-29 14:16
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South Korea to discuss NFT classification, Bitcoin ETFs with Gary Gensler
Head of South Korea's Financial Supervisory Service, Governor Lee Bok-hyun, is scheduled to discuss key regulatory issues with U.S. SEC Chairman Gary Gensler in May. дальше »
2024-2-27 19:01
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Korean investors increase Bitcoin purchase by 400%: Can BTC stay above $50k?
Bitcoin on-chain analysis explores what the latest 400% spike in Korean investors' buying trends could mean for BTC price prospects. дальше »
2024-2-24 21:40
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South Korea’s Gyeonggi province cracks down on crypto tax evasion, recovers $4.6m
A South Korean province has adopted an advanced system to combat crypto tax evasion, successfully recovering $4.6 million in unpaid taxes from delinquents. As per Feb. 22 local reports, the Gyeonggi province’s method represents a considerable shift from the traditional,… дальше »
2024-2-22 10:55
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South Korean parties pledge pro-crypto policies favoring ETFs, tax delays
Leading up to South Korea's general election in April, both the governing and opposition parties are courting voters with pro-crypto policies. дальше »
2024-2-22 21:15
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Largest South Korean Parties Promise Bitcoin ETFs Before Election
With South Korean elections mere weeks away, both contenders have pledged to approve a Bitcoin ETF. Slight additional policy differences distinguish the two options. дальше »
2024-2-22 18:00
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South Korea considers further delay in crypto taxation ahead of general election
South Korea’s ruling People Power Party is proposing another delay in the implementation of cryptocurrency investment gains taxation, now potentially extending the start date to 2027. The move is part of the party’s campaign strategy for the forthcoming general election… дальше »
2024-2-19 10:16
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Klaytn and Finschia blockchains merge to become Asia’s ‘largest Web3 network’
With origins from Japan and South Korea, Klaytn and Finschia claim that they are slated to become Asia's largest Web3 ecosystem. дальше »
2024-2-18 04:40
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South Korea sees sharp 2023 increase in suspicious crypto transactions
South Korean authorities have reported a notable increase in suspicious cryptocurrency transaction reports in 2023. дальше »
2024-2-15 17:56
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South Korea’s FIU unveils strategy to block illicit crypto platforms
South Korea is set to intensify its scrutiny of virtual asset exchanges with plans to conduct inspections and block platforms that do not meet regulatory standards later this year. The Financial Intelligence Unit (FIU) has outlined a comprehensive “2024 Work… дальше »
2024-2-12 13:35
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South Korea to Make Officials' Crypto Disclosures Public
Public officials will also be provided an asset disclosure service starting next year to report crypto and other holdings. дальше »
2024-1-2 13:37
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Italy and South Korea central banks reach agreement on CBDC collaboration
On Dec. 5, Italy's Banca d’Italia and South Korea's Bank of Korea have joined forces in a pioneering agreement to share knowledge and collaborate on developing central bank digital currencies (CBDCs) and other financial technologies. дальше »
2023-12-6 20:56
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South Korean regulators call for public reports on unlicensed crypto exchanges
Financial authorities in South Korea have established a period for users to report any unlicensed cryptocurrency exchanges operating within the country. According to the Dec. 4 update, this latest initiative is a collaborative effort between the Digital Asset Exchange Association… дальше »
2023-12-4 16:21
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South Korea to pilot CBDC with 100k citizens in late 2024
As per the Bank of Korea, citizens will only be able to use digital won to buy selected goods. South Korea is gearing up to launch its first pilot of a central bank digital currency (CBDC) with 100,000 citizens in… дальше »
2023-11-24 10:42
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100,000 Koreans To Test New Digital Won In Central Bank’s Pilot CBDC Program
Over the past two years, the Asian region has been racing to launch Central Bank Digital Currencies (CBDC), and the Digital Won is the latest to enter a critical stage, per a recent report. Related Reading: Bhutan Secretly Spent Millions On Its Bitcoin Mines: Report Reveals Bank of Korea Partners with Financial Authorities For Digital […] дальше »
2023-11-23 21:00
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DPRK hackers impersonate South Korean officials to steal crypto
According to South Korea’s National Police Agency, the hackers stole the information of 1,468 victims between March and October 2023. North Korean hackers are now trying to lure victims by pretending to be South Korean officials and journalists in a… дальше »
2023-11-22 15:07
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Bithumb’s ex-chairman might face 8 years in prison
Prosecutors have asked for an eight-year sentence for former Bithumb Chairman Lee Jung Hoon, who is charged with violating the law for certain economic crimes. The 5th criminal division of the Seoul High Court held an appeal hearing on the… дальше »
2023-11-17 12:08
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South Korea’s pension fund bought $20m in Coinbase shares
South Korea’s National Pension Service (NPS), holding the rank of the world’s third-largest pension fund by assets, purchased Coinbase shares worth about $20 million. According to the latest stock holding report submitted to the U. дальше »
2023-11-16 17:03
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South Korea national pension fund nets 40% gain on Coinbase stock investment
South Korea’s National Pension Service (NPS) has reportedly gained a substantial 40% profit from its investment in the U. S. -based crypto exchange Coinbase stocks. According to a Nov. 15 filing with the U. дальше »
2023-11-16 15:00
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South Korea’s Democratic Party requires parliamentary candidates to reveal crypto holdings
The Democratic Party of Korea has introduced a policy requiring its candidates to disclose their crypto holdings ahead of the 2024 general elections, aiming to enhance transparency and address potential conflicts of interest. дальше »
2023-11-15 00:31
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Democratic Party of South Korea mandates parliamentary candidates disclose crypto holdings
The disclosure will be a part of the party’s effort to show the “high moral standards” of its candidates.
дальше »2023-11-15 12:30
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Bithumb sets sights on 2025 South Korean IPO on KOSDAQ amid leadership overhaul
South Korean cryptocurrency exchange Bithumb is eyeing a listing on the Korean Securities Dealers Automated Quotations (KOSDAQ) via an Initial Public Offering (IPO) in 2025 as part of its expansion strategy, according to a local media report. дальше »
2023-11-13 14:00
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Bitcoin BRC-20 tokens near $1.5 billion market cap amid inscription frenzy
Quick Take The BRC-20 tokens, a token standard on the Bitcoin blockchain, have witnessed an unprecedented resurgence in trading volume and price. This resurgence became notably evident on May 8, 2023, when the total market cap of BRC-20 tokens approached a significant $1 billion. дальше »
2023-11-13 13:45
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Bitcoin mining difficulty hits record 65T ahead of halving, securing network further
Quick Take On Nov. 12, the Bitcoin difficulty underwent another upward adjustment of 3. 5%, marking the fifth consecutive rise in a row similar to the trend observed from February to April. Now at an unprecedented 65T, the Bitcoin difficulty mirrors the continuous surge in the hash rate. дальше »
2023-11-13 12:45
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Bithumb planning IPO on KOSDAQ, aims for top spot in Korean crypto market
Bithumb aims to be the first crypto-related company listed on KOSDAQ. Bithumb has selected Samsung Securities as the underwriter for its strategic move into traditional financial markets. Former Chairman Lee Jeong-hoon has made a comeback, boosting confidence as Bithumb seeks to rebuild trust. дальше »
2023-11-13 12:22
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Bithumb sets sights on IPO to rebalance crypto power
The latest strategy could underscore a trust-centric approach deemed crucial for regaining Bithumb's leading position in the Korean crypto exchange space. дальше »
2023-11-13 21:45
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Bitcoin and Ether record low trading volumes on South Korea’s biggest crypto exchange
A recent report revealed that altcoin trading in the South Korean cryptocurrency market was high, in contrast to majors like Bitcoin (BTC) and Ether (ETH) where trading activity has declined in comparison. дальше »
2023-10-27 17:00
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Sui Foundation Calls Report of Supply Manipulation 'Materially False'
SUI, the native token of the blockchain that was built by former Meta (META) employees, has tumbled by 5% on Tuesday after the community raised concerns over whether the team had been selling staking rewards on Binance. дальше »
2023-10-17 20:58
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Korean telecom giant launches digital currency for its metaverse
To boost users’ activity, SK Telecom has launched a digital currency for virtual purchases in its metaverse dubbed Ifland. One of the largest telecommunication companies in South Korea is taking another step towards the adoption of metaverse technologies. SK Telecom,… дальше »
2023-10-16 11:40
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South Korea to pilot wholesale CBDC with commercial banks
The Bank of Korea (BOK) is partnering with the FSC and FSS to explore CBDC implementation дальше »
2023-10-4 16:21
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Astar (ASTR) price: sellers dent uptick after major exchange listing
Astar (ASTR) price rose to highs of $0. 059 after news of listing on Bithumb. ASTR has however pared some of the gains to trade near $0. 053 amid profit taking. Astar (ASTR) rose to a multi-week high on Thursday, reaching an intraday peak of $0. дальше »
2023-9-22 19:13
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South Korea to launch a blockchain city
Busan, the second-largest city in South Korea, is embarking on an ambitious project to become a blockchain city. The project aims to integrate various blockchain-based services from different platforms into one unified platform that will power the city’s development. The… дальше »
2023-9-22 17:10
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South Korean Taxpayers Report Overseas Crypto Assets Worth Nearly $100 Billion
In recent years, crypto assets such as Bitcoin and Ether have witnessed increased adoption in various countries worldwide. In a testament to this growing trend, South Korea’s tax organization disclosed that cryptocurrencies accounted for the largest proportion of taxpayers’ assets overseas. дальше »
2023-9-21 23:00
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Crypto accounts for 70% of South Korea’s overseas assets
The National Tax Service (NTS) of South Korea has revealed that 70% of the country’s overseas assets are in cryptocurrency. According to an official statement, the country holds $98 million worth of crypto abroad, as reported by nearly 1,400 individuals… дальше »
2023-9-20 15:20
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Crypto Crackdown: South Korea Targets OTC Market Amid Multi-Billion Scandals
In light of a surge in illicit activities associated with the over-the-counter (OTC) crypto trading market, South Korea is increasing its regulatory scrutiny. Financial regulators in this tech-forward nation are actively delving into the largely unregulated domain of OTC crypto trading in the Asian country. дальше »
2023-9-19 01:00
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Web3 Doesn’t Care About Bitcoin Prices – And Other Musings From Korea Blockchain Week
A packed venue and hopeful cheers from an estimated 10,000 people attending the many Web3 panels could have made one doubt whether the industry remains in one of the deepest bear markets in its young history. дальше »
2023-9-13 11:25
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South Korean bank develops crypto custody together with BitGo
The South Korean bank KEB Hana Bank closed a new partnership with the cryptocurrency company BitGo to develop crypto custody. The partnership between the two companies will aim to develop a cryptocurrency custody business in South Korea. KEB Hana Bank… дальше »
2023-9-6 19:35
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South Korea crafts bill to freeze North Korea crypto assets
The South Korean government plans to submit a bill that will enable it to track and freeze crypto assets used by North Korea for its weapons program, local media outlet Korea JonngAng Daily reported on Sept. дальше »
2023-9-5 14:30
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