South Korea busts crypto crime ring laundering over $100M

An international crypto crime ring laundered over $100 million through South Korea just as the country eased restrictions on digital asset investments. South Korea’s customs agency revealed on Monday that it had uncovered a large-scale cryptocurrency laundering operation.

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South Korea to recognize crypto firms as venture companies

South Korea venture

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South Korea eyes Won-backed stablecoin to curb capital flight - Details

South Korean candidates are pushing to legalize spot crypto ETFs Proposed Digital Asset Basic Act aims to create a clear legal framework for crypto As South Korea gears up for its 2025 presiThe post South Korea eyes Won-backed stablecoin to curb capital flight - Details appeared first on AMBCrypto.

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South Korea to lift crypto trading ban on corporations

South Korea plans to gradually allow corporations to begin trading crypto, according to the latest announcement by the Financial Services Commission. On Feb. 13, the SFC released a press release in which it outlined a phased lift on a ban…

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South Korea to draft next crypto regulation bill by year-end: report

South Korea kicks off talks on the second phase of crypto regulations, focusing on stablecoins and user protection, with a draft expected by mid-2025. South Korea‘s financial regulator, the Financial Services Commission, has officially started working on the second phase…

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South Korea to allow institutional investors to trade crypto: report

South Korea considers easing restrictions on corporate crypto trading, with plans to gradually issue real-name accounts to institutional investors. South Korea is set to allow corporations to invest in cryptocurrencies as the Financial Services Commission is considering a gradual approach…

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South Korea, US team up to craft new strategies against North Korean crypto heists: report

The U.S. and South Korea have reportedly partnered to develop tools aimed at countering North Korea-linked crypto thefts and tracking billions of dollars in stolen digital assets. The United States and South Korea are said to be working together to…

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Martial law causes Bitcoin crash to $65K in South Korea — Here’s why

One analyst said South Korea’s limiting of the market to a few players helped cause a sudden decrease in liquidity.

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Here’s why crypto prices had a brief flash crash in South Korea

Crypto prices crashed hard in South Korea as the local currency plunged to a record low.  Bitcoin (BTC) price dropped to 88,197,000 KRW, its lowest level since October 5, before rebounding to 132,000,000 KRW. The cryptocurrency was down by almost…

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Millions left in limbo as Korean crypto exchanges shut down amid regulations: report

More than a dozen crypto exchanges in South Korea have closed or suspended operations in 2024, leaving nearly $13 million in assets unclaimed by almost 34,000 subscribers. As South Korea enforces the Virtual Asset User Protection Act, more than a…

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South Korea FSC chairman: 'Difficult for crypto to replace legal tender'

South Korea urged caution on spot Bitcoin ETFs, prioritizing financial stability and regulatory review. Kim Byung-hwan emphasizes investor protection over market development in cryptocurrency pThe post South Korea FSC chairman: 'Difficult for crypto to replace legal tender' appeared first on AMBCrypto.

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South Korea implements new crypto regulations, details here

South Korea's new regulations enhance user protection in the cryptocurrency industry. VASPs must keep 80% of user crypto deposits in cold storage. South Korea boasts one of the world's most The post South Korea implements new crypto regulations, details here appeared first on AMBCrypto.

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Crypto Tokens Facing Delisting Nightmare in South Korea

Some cryptocurrencies might be on chopping block in South Korea

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OkayCoin launches crypto staking services in South Korea

OkayCoin's William Miller says growing interest in crypto staking within South Korea has prompted the company to provide dedicated support/services tailored to meet the unique needs of investors.

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South Korea’s Ministry of Justice forms task force to damper crypto crimes

South Korea’s Ministry of Justice has launched a special task force to combat the increasing prevalence of crypto crimes, signaling a major crackdown on fraud and market manipulation. South Korea is intensifying efforts to clamp down on market manipulation and…

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Montenegro To Extradite Terra Creator Do Kwon To South Korea… This Time It’s For Real

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Montenegro Court Approves Extradition Of Do Kwon To South Korea Instead Of US

A court in Montenegro ruled Thursday that Terraform Labs co-founder Do Kwon will be extradited to his native South Korea to face criminal charges regarding the May 2022 multibillion-dollar blow-up of the Terra ecosystem.

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U.S. Will Appeal Do Kwon's Extradition to South Korea: Report

The U.S. will appeal the ruling of a Montenegro Court to hand Terraform Labs co-founder Do Kwon to South Korea, according to Bloomberg.

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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.…

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NFT and Bitcoin ETF Discussions Between South Korea and SEC

South Korea to discuss NFTs and spot Bitcoin ETFs with U.S. SEC, potentially reshaping South Korea's virtual asset regulations. The post NFT and Bitcoin ETF Discussions Between South Korea and SEC appeared first on NFT News Today.

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Chiliz (CHZ) signs strategic deal with South Korea premier league to enrich fan engagement

A landmark development unifying blockchain tech and sports saw the Chiliz (CHZ) network signing a multi-year collaboration with South Korea’s K-League – a professional football league in the country.

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Prosecutor says Do Kwon’s extradition to South Korea would best serve Terraform Labs’ victims: Report

The former Terraform Labs CEO could face 40 years in jail in South Korea, the country where he committed most of his crimes, according to local authorities.

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XRP is the leading altcoin in South Korea, report reveals

XRP is now the most traded coin in South Korea in 2023, according to reports from the South Korean analytical provider firm, Kaiko. The coin’s performance can be attributed to the expected positive outcome in the ongoing SEC vs. Ripple…

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Ripple: Here's How XRP Might Benefit From South Korea's Incoming Regulatory Guidelines

XRP might benefit from South Korea's regulatory clarity

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South Korea Issues Guidelines on Security Tokens Ahead of New Regulation

Coinspeaker South Korea Issues Guidelines on Security Tokens Ahead of New Regulation The government of South Korea is very open to crypto as an asset class. South Korea Issues Guidelines on Security Tokens Ahead of New Regulation

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South Korea contemplates control over crypto listings after...

South Korean authorities contemplate the outcome of new bill around listing of cryptocurrencies  However, South Korean regulators were divided on the idea  As per a local news report from The post South Korea contemplates control over crypto listings after... appeared first on AMBCrypto.

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South Korea is getting serious on crypto securities- Here's how

South Korea is making a statement as it is making its stance on the cryptocurrency world crystal clear. As of 6 September, the country's top financial regulator revealed plans to launch a distinct digThe post South Korea is getting serious on crypto securities- Here's how appeared first on AMBCrypto.

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What Do We Know About The Crypto.com Expansion Into South Korea

Crypto. com is one of the world’s fastest growing digital asset trading platform. It has recently spoken about its acquisitions in South Korea which would help in Crypto. com’s South Korea expansion plan.

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South Korea ramps up crypto investigations and regulations

South Korea announced Digital Assets Committee, launched an investigation and met with Asia-Pacific financial authorities.

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South Korea Toughens Up Security In Response To Terra’s Crash

According to Local media accounts, South Korea’s Financial Supervisory Service (FSS) has moved to standardize risk assessment for virtual assets, the FSS reported these details during the “Enactment of the Digital Asset Framework Act and Emergency Inspection of Coin Market Investor Protection Measures” conference.

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Terra Market Collapse and Tax Liabilities Could Force South Korea to Rethink Regulations

South Korea's National Assembly and the government are reportedly considering stricter crypto legislation following an emergency probe into the Terra market collapse. The post Terra Market Collapse and Tax Liabilities Could Force South Korea to Rethink Regulations appeared first on BeInCrypto.

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South Korean Crypto Exchange CEO Arrested for Spying for North Korea

South Korean executive has been arrested for helping North Korea obtain sensitive military information

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South Korea Elects Bitcoin-Friendly President — Here Is What He Plans To Do

On Thursday, March 10, Yoon Suk-yeol, the leader of South Korea’s largest opposition party clinched victory, becoming the president-elect after scooping roughly 49% of the votes using among other campaign strategies, a platform that appealed to crypto enthusiasts.

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LABEL Foundation debuts on top digital asset exchange in South Korea

LABEL Foundation recently gained authorization from one of South Korea's main exchanges and a listing position with KRW (South Korean currency), the advancement has immediately followed after Clesson The post LABEL Foundation debuts on top digital asset exchange in South Korea appeared first on AMBCrypto.

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South Korea: Bitcoin investigations to ascertain household holdings

2021 was a year of change in South Korea as the administration announced several legislations in the crypto-space. And now, at the start of 2022, a new announcement from the National Statistical OfficThe post South Korea: Bitcoin investigations to ascertain household holdings appeared first on AMBCrypto.

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Crypto politics heats up with upcoming presidential elections 2022 in South Korea 

2021 was a year of political turmoil for crypto businesses in South Korea. After several regulatory shakeups, the country is finally ready to tax digital assets from 2023. With that, South Korea isThe post Crypto politics heats up with upcoming presidential elections 2022 in South Korea  appeared first on AMBCrypto.

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Dogecoin Killer Shiba Inu Launching in South Korea

Shiba Inu is now available for trading in South Korea, which is known for its stringent regulations

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South Korea: Are recent crypto-regulations paving the way for Upbit's dominance

With the dust clearing after a great deal of regulatory rumbling and chaos, crypto-investors in South Korea now have a better idea of where they may need to go in order to continue trading. HoweverThe post South Korea: Are recent crypto-regulations paving the way for Upbit's dominance appeared first on AMBCrypto.

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No deferral on taxation law, South Korea to tax crypto gains 2022 onwards

As the laws are getting stricter in South Korea, tax filings in the country will also include crypto earnings from 1 January 2022, as per local reports. Earlier, South Korean authorities were mulling The post No deferral on taxation law, South Korea to tax crypto gains 2022 onwards appeared first on AMBCrypto.

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60 Crypto Exchanges to Be Suspended in South Korea

South Korea is continuing cryptocurrency trading crackdown

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South Korea postpones proposed crypto-taxation policy to next year

South Korea is a curious case study. While for many it has been a country fairly conducive to the crypto-community, recent regulatory steps seemed to suggest otherwise. Consider this - A while backThe post South Korea postpones proposed crypto-taxation policy to next year appeared first on AMBCrypto.

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South Korea's 'big four' crypto-exchanges secure real-name account deal

Bithumb, Coinone, and Korbit, three of South Korea's most-prominent crypto-exchanges, have finally met the country's regulatory conditions and reached deals with banks before the 24 September deadlineThe post South Korea's 'big four' crypto-exchanges secure real-name account deal appeared first on AMBCrypto.

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South Korea: Crypto-bank decries lack of 'clear authoritative interpretation'

The Special Provisions Act is set to come into effect from 25 September in South Korea and this has left many exchanges panicking. Popular crypto-banking platform Sandbank is one of them, with the firThe post South Korea: Crypto-bank decries lack of 'clear authoritative interpretation' appeared first on AMBCrypto.

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South Korea: Bithumb's latest severance of ties casts shadow on recent regulations

Crypto-regulations recently introduced in South Korea have created a slew of problems for companies in the space. Following numerous major steps taken by Bithumb to comply with the regulatory requiremThe post South Korea: Bithumb's latest severance of ties casts shadow on recent regulations appeared first on AMBCrypto.

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South Korea: Here's the dilemma exchanges are facing

Although the government tried to regulate the space, new rules have added to the woes of the crypto businesses in South Korea. As per the latest updates, South Korean banks were avoiding extending theThe post South Korea: Here's the dilemma exchanges are facing appeared first on AMBCrypto.

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South Korea’s FSC Looks to Rein In Cryptocurrency With Cross Trading Ban

Crypto regulation is gaining traction by the day, and the latest is in the Asian nation South Korea. ‘Bicycling’ Creates ‘Conflict Of Interest’ The top regulatory body of the South Korean financial market, the Financial Services Commission, is bringing to an end the practice of ‘bicycling' by crypto exchange operators, per reports from a local […] The post South Korea’s FSC Looks to Rein In Cryptocurrency With Cross Trading Ban first appeared on BitcoinExchangeGuide.

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South Korea: FSC tasked with crypto-compliance as 20% crypto-tax plans move ahead

The government of South Korea is planning to impose a 20% tax on gains from cryptocurrency transactions. The plan is to impose this law starting next year, with the same reiterated by the government oThe post South Korea: FSC tasked with crypto-compliance as 20% crypto-tax plans move ahead appeared first on AMBCrypto.

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South Korea Set to Launch CBDC Pilot Platform

South Korea has made significant progress towards development of its digital currency.

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Report all crypto transactions or face 5-year jail term in South Korea

Strict reporting rules for crypto businesses in South Korea are set to come into effect, with existing firms given six months to comply or face stiff penalties.

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