Terraform deems South Korea’s Do Kwon arrest warrant ‘unfair’

Terraform Labs have described the South Korean prosecutor’s arrest warrant for its CEO Do Kwon as an overreach of their authorities, The Wall Street Journal reported September 28 Citing a Terraform statement, WSJ wrote that a spokesman for the firm claimed that the failed Luna crypto asset was not a security, so South Korea’s capital-markets law […] The post Terraform deems South Korea’s Do Kwon arrest warrant ‘unfair’ appeared first on CryptoSlate.

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Terraform Labs Calls S. Korean Authorities’ Arrest Warrant for Do Kwon Overreach: Report

A Terraform spokesperson claimed that its Luna cryptocurrency wasn’t a security, meaning it wasn’t covered by South Korea’s capital-markets law.

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Terra Co-Founder Tries To Cash Out 3,300 Bitcoin Following Interpol Alert, Report Says

According to several reports, authorities in South Korea have ordered crypto exchanges OKX and KuCoin to freeze funds connected to Terra founder Do Kwon. In total, the platforms froze over 5,000 BTC or around $60 million at the current market price.

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South Korea seizes crypto-assets worth $180M from tax evaders

South Korean authorities have seized virtual assets worth KRW 260 billion ($182 million) from tax offenders. This, according to a report by Maekyung, a local news outlet. The crackdown is part of theThe post South Korea seizes crypto-assets worth $180M from tax evaders appeared first on AMBCrypto.

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Tax Evasion: South Korean Government Seize Over $184 Million in Crypto

South Korea’s National Tax Service has combined forces with the Ministry of Strategy and Finance, and other agencies as well as local government authorities, to seize over $184 million worth of Bitcoin (BTC) and altcoins from alleged tax evaders in…

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Korean tax authorities seize $185M worth of crypto from tax evaders since 2021

South Korean authorities have seized approximately $185 million worth of digital assets from tax delinquents since 2021, Yonhap news agency reported on September 22. The post Korean tax authorities seize $185M worth of crypto from tax evaders since 2021 appeared first on CryptoSlate.

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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 noticeThe post South Korean prosecutors seek Interpol red notice, is LUNA on risk appeared first on AMBCrypto.

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South Korean authorities ask Interpol to issue 'Red Notice' for Do Kwon: Report

According to Interpol, there are currently 7,151 individuals publicly named on the agency’s Red Notice list out of 69,270.

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Terra Boss Do Kwon Says He’s Not ‘On The Run’ As Questions About His Whereabouts Rage On

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South Korea Asks Interpol to Issue 'Red Notice' for Terra Co-Founder Do Kwon: Report

Authorities in Singapore confirm that Kwon is no longer in-country, while he maintains that he’s not “on the run.”

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Do Kwon’s Passport Is Being Revoked

South Korean authorities reportedly intend to revoke the passports of Terra leader Do Kwon and other employees. Terra Employees Face Justice Efforts to apprehend Do Kwon are intensifying. Yesterday, it...

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South Korean Authorities Seek To Revoke Terra Co-Creator Do Kwon’s Passport To Expedite Deportation

Following an ongoing investigation into the spectacular implosion of the Terra ecosystem, South Korea’s Ministry of Foreign Affairs wants to void the passport of Do Kwon, the co-founder of the now-defunct Terraform Labs.

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Jail Kwon Token Pumps As South Korean Authorities Move to Void Terra Founder’s Passport

The prosecutors looking into the Terra Luna crash had taken steps to revoke the passports of five people, including Terra co-founder Do Kwon. The post Jail Kwon Token Pumps As South Korean Authorities Move to Void Terra Founder’s Passport appeared first on BeInCrypto.

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South Korea sentences metaverse sexual abuser to 4 years imprisonment

South Korean authorities have sentenced a man to four years in prison for collecting sexual content of underaged victims he met on the metaverse, South Korea-based MoneyS reported on September 11.

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South Korean Authorities Indict 86 individuals in Crypto Crime

South Korea has once again made an indictment connected to a crypto-related crime. This time around, the crime involves drug offenders. Authorities are looking to purge the country of crypto crimes, and this latest indictment is a step closer to their goal.

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South Korean authorities arrest 16 individuals connected to $2B crypto forex transactions: Report

More than $283 million of the $2 billion in crypto transactions were reportedly facilitated through illegal remittance agencies.

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Sixteen Arrested in South Korea for Illegal Crypto Trading Activities: Report

South Korean customs authorities on Tuesday arrested 16 people involved in illegal foregin exchange transactions, according to a report by local outlet Newsis.

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South Korea Arrests 3 in Multibillion-Dollar Crypto-Linked Probe: Report

Authorities are reportedly investigating $3.4 billion in "abnormal transactions" involving foreign exchange and crypto investments.

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South Korean officials conclude week-long raid in Terra-LUNA case

After more than a week, South Korean authorities concluded their raids on crypto companies in connection with the Terra case on July 27, Yonhap news reported. The post South Korean officials conclude week-long raid in Terra-LUNA case appeared first on CryptoSlate.

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South Korea Delays Crypto Tax Until 2025

South Korean authorities have yet again postponed imposing crypto tax until 2025, mentioned in the official announcement. This new proposal aligns with the new President Yoon Suk-yeol’s view, which is of the opinion that crypto taxation is secondary.

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South Korean Prosecutors Raid Terra Co-Founder Daniel Shin's Home: Report

South Korean authorities are continuing their investigation into fraud allegations at the center of the Terra collapse.

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Cryptocurrencies Will No Longer Be Taxed In South Korea For The Next Two Years

The South Korean authorities have further postponed the implementation of its cryptocurrency taxation system for another two years. The government cited the devastating conditions that have plagued the markets of late as one reason, further highlighting the preparatory period required to fully enact suitable investor protection measures in the crypto space as a second reason. […]

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Prosecutors Raid Exchanges Tied to Terra Collapse

Authorities in South Korea have begun executing raids on cryptocurrency exchanges as part of their ongoing investigations into the collapse of Terraform Labs’ signature Terra protocol earlier this year. Heating...

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South Korean authorities raid 15 entities linked to Terra collapse: Report

The Seoul Southern District Prosecutors Office reportedly raided the offices of crypto exchanges Upbit, Bithumb, Coinone, Korbit and Copax, among others on Wednesday.

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OKX Latest Exchange to Win Dubai Virtual Asset License

South Korea-based cryptocurrency exchange OKX has received a provisional virtual-asset license from authorities in Dubai. The post OKX Latest Exchange to Win Dubai Virtual Asset License appeared first on BeInCrypto.

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US, South Korea to cooperate over Terra investigation

United States and South Korean authorities have agreed to collaborate on the investigation of Terra’s implosion, South Korea’s Yonhap News Agency reported July 6. The post US, South Korea to cooperate over Terra investigation appeared first on CryptoSlate.

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Former Monero maintainer Spagni to surrender for South Africa extradition

Court filings hint at authorities allowing Spagni to be in the United States for the Independence Day holiday weekend before being taken to South Africa early on Tuesday.

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Legal troubles mount for Terraform Labs as Seoul police investigate

South Korean authorities are currently investigating Terraform Labs and its employees on several charges including tax evasion and market manipulation.

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South Korea Investigates Terra Labs for Alleged Bitcoin Embezzlement Following UST Collapse: Report

South Korean authorities are investigating Terraform Labs following the implosion of algorithmic stablecoin UST last month.

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Terraform Labs Probed for Alleged Bitcoin Embezzlement Following UST Collapse: Report

South Korean authorities are investigating Terraform Labs following the implosion of algorithmic stablecoin UST last month.

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South Korean Authorities Intensify Crypto Regulations to Prevent Terra (LUNA) Recurrence

South Korea’s Financial Supervisory Service (FSS) has opened investigations into payment gateway services working with digital assets.  The post South Korean Authorities Intensify Crypto Regulations to Prevent Terra (LUNA) Recurrence appeared first on BeInCrypto.

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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 Korean Authorities Summon All Terraform Labs Employees

South Korean authorities have launched a new investigation on Terraform Labs, according to reports from JBTC. Korean Authorities Summon Team The Seoul Southern District’s joint financial and securities crime investigation...

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Terra (LUNA) Staff Under Scrutiny, South Korea Launches Full Scale Investigation

Per a report from a local news media, South Korean authorities have launched a full investigation against the developers of Terra (LUNA). Once one of the most popular cryptocurrencies in this sector, LUNA and its native stablecoin UST lost over 90% of their value and left investors with massive losses.

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Terraform employees under probe for UST collapse in South Korea

In the quest for answers pertaining to the collapse of the Terra ecosystem earlier this month, South Korean authorities are now summoning all employees of Terraform Labs, which developed Luna Classic (LUNC) and TerraUSD (UST).

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South Korean authorities reportedly probe staff behind Terra

South Korean authorities are reportedly looking at the Terra crash to check for signs of intentional price manipulation and other issues.

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South Korean Authorities Look to More Closely Scrutinize Exchanges Following Terra Meltdown: Report

South Korea's financial authorities are looking to introduce measures to hold crypto exchanges to greater scrutiny in the wake of Terra's collapse, according to a report by The Korea Times.

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South Korea May Hold Exchanges Accountable For Terra Crash

South Korea’s ruling party has reportedly arranged an emergency meeting to take place Tuesday with representatives from the country’s five largest cryptocurrency exchanges. The authorities are expected to hold the...

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South Korean Regulators to Speed Up Enactment Of Crypto Laws After Luna Incident

With the collapse of Terra’s LUNA and UST stablecoin sending shockwaves across the global virtual currency market, Korean financial authorities have vowed to fast-track regulations aimed at protecting consumers from such risks.

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TerraUSD Collapse Spurs ‘Emergency’ Inspections of South Korean Crypto Exchanges

The collapse of TerraUSD has spurred financial authorities in South Korea to launch “emergency” inspections of domestic cryptocurrency exchanges. The post TerraUSD Collapse Spurs ‘Emergency’ Inspections of South Korean Crypto Exchanges appeared first on BeInCrypto.

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South Korea’s financial authorities and politicians start investigating Terra’s crisis

According to South Korea’s local media reports, two South Koren financial authority agencies have started “emergency” investigations into local crypto exchanges in response to the collapse of Terra.

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South Korean Authorities Commence Probes Into Terra Crisis

According to local media reports, two South Korean financial agencies have launched emergency inspections into local crypto exchanges in response to Terras dramatic collapse. A South Korean parliament member has...

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South Korea Launches Investigation into Terra

South Korean authorities begin investigation of Terra incident

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The metaverse draws South Korea’s investment with $187 million pledge

Recent indications have emerged that not only private businesses are betting big on the metaverse; authorities around the world have also become piqued with the space. The post The metaverse draws South Korea’s investment with $187 million pledge appeared first on CryptoSlate.

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South Korea authorities push for strict restrictions on P2E games

In recent months, Axie Infinity became a hot topic in the gaming sector, due to its explosive growth. Just in August 2021, it hit 1 million DAU (daily active users) and an accumulative $1 billion in lThe post South Korea authorities push for strict restrictions on P2E games appeared first on AMBCrypto.

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CBDC a 'high possibility' in South Korea, first test could take place before December

In the crypto sector, South Korea enjoys quite a bit of fame thanks to its "Kimchi Premium" and large alt coin market. However, the country's central bank authorities aren't far behind in crypto innovThe post CBDC a 'high possibility' in South Korea, first test could take place before December 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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South Korea: Crypto-exchange Upbit to begin ID verification, others to follow suit

South Korean authorities have managed to implement the new regulations regarding cryptocurrency exchanges in the country. This move resulted in 29 out of 66 exchanges shutting shop, following the deadThe post South Korea: Crypto-exchange Upbit to begin ID verification, others to follow suit appeared first on AMBCrypto.

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Just 10 Korean crypto exchanges have registered with the government ahead of deadline

With the clock ticking down on crypto exchanges operating in South Korea, available information on the leading financial regulator’s website shows that only ten of these crypto firms have been able to successfully register with the authorities.

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