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South Korean regulators aim to toughen crypto fraud punishments
The legislation, separate from the upcoming Digital Asset Basic Act, may came into force already in 2023.
дальше »2022-11-1 12:55 | |
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EOS Network and South Korea’s Busan establish VC alliance with $700M AUM
EOS Network Foundation, the non-profit helping to develop the decentralised blockchain network EOS (EOS/USD), and Busan Metropolitan City, have announced a memorandum of understanding (MoU) to boost city’s blockchain ecosystem over the next three years. дальше »
2022-10-29 19:06 | |
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First Mover Americas: Bitcoin Turns South Toward $20K, Huobi Cuts Ties With the HUSD Stablecoin
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 28, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. дальше »
2022-10-30 15:29 | |
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Chohee Oh, Young Joong Im Step Into Ambassador, Advisor Roles for Everscale
Everscale continues its expansion into Asian markets, this time with a focus on South Korea, as it adds two new leaders to its marketing and business development efforts. The network has added movie star Chohee Oh and consulting expert Young Joong Im as an ambassador and an advisor for the emerging South Korean market. дальше »
2022-10-28 13:00 | |
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A stablecoin that is not stable is an “oxymoron,” says Wemade’s Henry Chang
Henry Chang believes that stablecoins must have a 100% reserve to ensure that user funds are protected. Henry Chang, chief executive officer of South Korea-based blockchain game developer Wemade Co. дальше »
2022-10-27 10:22 | |
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Bithumb Founder Could Face Eight Years in Prison for $70 Million Fraud Charges
South Korean prosecutors are seeking an eight years sentence for the founder of Bithumb, Lee Jung-hoon, on charges that he defrauded the chairman of cosmetic surgery company BK Group, Kim Byung Gun, of 100 billion won (around $70 million). дальше »
2022-10-27 00:21 | |
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Gate.io Signs MoU Agreement with the City of Busan to Jointly Boost Blockchain Infrastructure
Coinspeaker Gate. io Signs MoU Agreement with the City of Busan to Jointly Boost Blockchain Infrastructure Gate. io, one of the world's largest and oldest cryptocurrency exchanges, announced the signing of the Memorandum of Understanding (MoU) with the South Korean city of Busan. дальше »
2022-10-27 16:39 | |
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Busan welcomes these two crypto exchanges to boost blockchain sector
According to a statement released on 26 October, Busan, South Korea's second-largest city and aspiring blockchain hub, has signed commercial partnerships with Gate.io and Crypto.com to expand its blocThe post Busan welcomes these two crypto exchanges to boost blockchain sector appeared first on AMBCrypto. дальше »
2022-10-26 14:30 | |
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Cryptocurrency exchange Bithumb ex-chair could face jail term, here's why
As per the South Korean news agency Yonhap, the prosecutors in South Korea are seeking Lee Jung-hoon, the former head of the cryptocurrency trading company Bithumb, to serve up to eight years in jail The post Cryptocurrency exchange Bithumb ex-chair could face jail term, here's why appeared first on AMBCrypto. дальше »
2022-10-26 21:00 | |
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Prosecutors Seek 8-year Jail Term for Owner of Top South Korean Crypto Exchange Bithumb
Coinspeaker Prosecutors Seek 8-year Jail Term for Owner of Top South Korean Crypto Exchange Bithumb Crypto exchange FTX is reportedly in talks to buy Bithumb. The legal issues connected to its former chairman will, however, hinder any possible sale. дальше »
2022-10-25 15:55 | |
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South Korean regulators studying crypto whales- Here's why
The Financial Service Commission (FSC), South Korea's leading financial watchdog, believes that stablecoins and cryptocurrencies may make it easier to launder money. As a result, it will allegedlyThe post South Korean regulators studying crypto whales- Here's why appeared first on AMBCrypto. дальше »
2022-10-25 14:30 | |
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Bithumb owner to receive 8-year jail term for $70M fraud – local media
Lee Jung-hoon, the owner of the South Korean crypto exchange Bithumb, is facing up to eight years in prison on charges of fraud to the value of 100 billion won ($70 million), according to YNA. The post Bithumb owner to receive 8-year jail term for $70M fraud – local media appeared first on CryptoSlate. дальше »
2022-10-25 13:40 | |
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Crypto Whales in South Korea to Come Under Surveillance to Prevent Money Laundering
The FSC in South Korea will monitor crypto whales with more than 100M won in assets. It seeks to prevent any money laundering or illicit activity. The post Crypto Whales in South Korea to Come Under Surveillance to Prevent Money Laundering appeared first on BeInCrypto. дальше »
2022-10-24 11:23 | |
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South Africa’s NCC Labels Obelisk A Crypto Pyramid Scheme
South Africa's National Consumer Commission (NCC) has released a report declaring Obelisk a crypto pyramid scheme. дальше »
2022-10-23 18:00 | |
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South Africa Recognizes Cryptocurrencies as Financial Products
South Africa’s Financial Sector Conduct Authority (FSCA) has declared crypto assets as “financial products”, setting up the pace for the inclusion of the asset class under the country’s regulatory purview. дальше »
2022-10-22 14:58 | |
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South Korean police raid Hancom Inc offices, chairman’s home over slush fund suspicions
South Korean police agents raided the offices of software maker Hancom Inc and the home of Hancom Group chairman Kim Sang-Cheol on suspicions of manipulating the price of Arowana tokens and creating a slush fund on October 20, according to local media reports. дальше »
2022-10-21 13:00 | |
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South African Financial Sector Regulator Declares Crypto Assets a Financial Product
South Africa becomes the latest country to recognize crypto as a financial product. What does this mean to other African countries? дальше »
2022-10-20 21:00 | |
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South Africa Imposes Regulation on Crypto Assets
South Africa joins the list of nations that have regulated cryptocurrencies, including the U.S., Australia, Russia, etc., as the state announced the move to regulate crypto assets. дальше »
2022-10-20 16:00 | |
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South Africa brings crypto under financial assets segment, details here
South Africa has become the latest country to bring cryptocurrency into the financial assets segment. The Financial Sector Conduct Authority (FSCA), South Africa’s financial regulator, on 19 OctoThe post South Africa brings crypto under financial assets segment, details here appeared first on AMBCrypto. дальше »
2022-10-20 11:30 | |
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South Africa: Crypto Assets Are Now Classified as Financial Products
South Africa has declared crypto assets as a financial product under the Financial Advisory and Intermediary Services act. The post South Africa: Crypto Assets Are Now Classified as Financial Products appeared first on BeInCrypto. дальше »
2022-10-20 23:45 | |
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NFT Utility At Last: Real Estate Sold On OpenSea Attracts Attention
“Where is the utility?” they asked. It’s been a core component of the NFT discussion since the earliest days, and increasing amounts of NFT use cases unfold each week. Look no further than the real estate market this week, as the internet has been brewing on a specific South Carolina home that had it’s deed […] дальше »
2022-10-19 05:52 | |
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Do Kwon, Terra (LUNA) CEO, Breaks Silence and Claims He Is Not Trying to Hide
Do Kwon, the founder of Terraform Labs, says he is not hiding from South Korean law enforcement. The nation’s prosecutor’s office said it had obtained a global arrest order for the cryptocurrency CEO. The Fall of Terra and Do Kwon’s… дальше »
2022-10-19 20:00 | |
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South Korea to provide blockchain-based Digital IDs to its citizens
South Korea is planning to introduce blockchain-based digital IDs for its citizens with a smartphone by 2024, according to Bloomberg. These digital IDs will be installed on smartphones and work as effThe post South Korea to provide blockchain-based Digital IDs to its citizens appeared first on AMBCrypto. дальше »
2022-10-18 02:00 | |
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Could a Blockchain Digital Identity System in South Korea Soon Replace ID Cards?
South Korean officials are considering using a blockchain-based digital identity system for use in governmental and financial processes. The post Could a Blockchain Digital Identity System in South Korea Soon Replace ID Cards? appeared first on BeInCrypto. дальше »
2022-10-17 09:34 | |
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China floats pan-Asian digital currency built on blockchain
China-backed researchers have called for establishing a pan-Asian digital currency to end the dominance of the United States dollar in the region, South China Morning Post reported on October 13. The post China floats pan-Asian digital currency built on blockchain appeared first on CryptoSlate. дальше »
2022-10-14 14:45 | |
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FTX Partners With Visa For Crypto Debit Card, Uniglo.io Deflationary Tokenomics Would Make Suitable Payment Token
Bahamas-based cryptocurrency exchange FTX announced it would be teaming up with Visa to roll out crypto debit cards across 40 new countries. FTX successfully introduced a Visa debit card in the US earlier this year and will now be focussing the rollout on South America, Europe, and Asia. дальше »
2022-10-12 18:13 | |
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Crypto-lender TrueFi issues default notice to Blockwater over $3.4M loan
DeFi lending company TrueFi has issued a notice of default to South Korea-based Blockwater Technologies over the latter’s failure to repay an unsecured loan of $3.4 million. The notice was issuedThe post Crypto-lender TrueFi issues default notice to Blockwater over $3.4M loan appeared first on AMBCrypto. дальше »
2022-10-11 00:00 | |
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Do Kwon’s case: Fresh twist appears as LUNA holders go down in worry
South Korea's Ministry of Foreign Affairs announced on Wednesday (5 October) that Terraform Labs Pte. Ltd. CEO Kwon Do-Hyung, aka Do Kwon, would have his passport revoked in four weeks if he did not rThe post Do Kwon’s case: Fresh twist appears as LUNA holders go down in worry appeared first on AMBCrypto. дальше »
2022-10-7 06:30 | |
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CryptoSlate Wrapped Daily: South Korean authorities fail to follow through on Do Kwon aide’s arrest; EU puts more crypto sanctions on Russia
The biggest news in the cryptosphere for October6 includes the arrest and release of Do Kwon’s aide, the EU’s crypto sanctions on Russia, and 0. 03 Bitcoin distributed to three winners by Michael Saylor through the Lightning Network. дальше »
2022-10-7 23:59 | |
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South Korean court dismisses arrest warrant for Do Kwon’s aide
A South Korean District Court has dismissed the arrest warrant issued against the Head of General Affairs at Terraform Labs Yoo Mo, according to local news Yonhap. The post South Korean court dismisses arrest warrant for Do Kwon’s aide appeared first on CryptoSlate. дальше »
2022-10-7 22:05 | |
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South Korea Captures Key Terra Member, Do Kwon Still On The Run?
According to a report from CNBC, South Korean authorities apprehended Terra’s Head of General Affairs, Yu Mo, as part of their investigation against Do Kwon and the LUNA debacle. The suspect was captured without an arrest warrant to prevent him from fleeing the country. дальше »
2022-10-6 16:54 | |
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