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Updates on exchange rules, enforcement, investor trends, and Korea’s active crypto trading culture.

Tokens

Worldcoin userbase nears 4 million amid global privacy probes

South Korean authorities have threatened regulatory action on Worldcoin if it is in violation of local privacy laws.

2 years ago

Legal

Do Kwon unlikely to be extradited before start of SEC trial

Do Kwon's lawyers are not seeking an adjournment and the trial is expected to proceed as scheduled.

2 years ago

Legal

Montenegro high court greenlights Do Kwon’s extradition to US

The timeline for his extradition is unclear and could take several weeks or months to finalize.

2 years ago

Regulation

South Korea’s ruling party proposes delay in crypto taxation as election pledge

The decision aligns with the government and legislative consensus to prioritize regulatory groundwork before enforcing taxation on virtual assets.

2 years ago

Exchanges

Korean watchdog to ban crypto exchanges that fail to meet stringent new regulatory standards

The initiative is part of South Korea's effort to bolster financial oversight and consumer protection in the fast-evolving digital asset industry.

2 years ago

Crime

Korean FSC mandates crypto exchanges keep 80% in cold storage, criminals face up to life in prison

Criminal gains over $40 million could lead to life imprisonment under new laws set for July.

2 years ago

Crime

HaruInvest executives arrested in Korea after algo trading promised ‘zero’ drawdown

Local media reports arrests as execs claimed to take advantage of 'inefficiencies' in the market, HaruInvest halted withdrawals in 2023.

2 years ago

Regulation

South Korea proposes stricter screening of crypto executives

Under the new regulations, any alteration in the representative or executive positions within crypto businesses must be reported and approved before assuming the new role.

2 years ago

Legal

Montenegro deports former Terraform Labs CFO to South Korea amid fraud allegations

Do Kwon and Han Chang-joon were arrested last March for attempting to travel with fake documents.

2 years ago

Regulation

South Korea presidential office hints at domestic spot Bitcoin ETF amid regional uncertainty

Other countries in Asia, including Singapore, Thailand, and Hong Kong are having a mixed reaction to the launch of spot ETFs.

2 years ago

Regulation

South Korea looks to crackdown on crypto mixers via new regulations

The Financial Intelligence Unit (FIU) of South Korea's Financial Services Commission is spearheading the examination of potential regulatory frameworks.

2 years ago

Regulation

South Korea’s FSC warns against brokerage of foreign Bitcoin ETFs

Regulatory clouds hover as South Korea addresses Bitcoin ETFs and public officials' crypto declarations.

2 years ago

South Korea

Worldcoin userbase nears 4 million amid global privacy probes

Do Kwon unlikely to be extradited before start of SEC trial

Montenegro high court greenlights Do Kwon’s extradition to US

South Korea’s ruling party proposes delay in crypto taxation as election pledge

Korean watchdog to ban crypto exchanges that fail to meet stringent new regulatory standards

Korean FSC mandates crypto exchanges keep 80% in cold storage, criminals face up to life in prison

HaruInvest executives arrested in Korea after algo trading promised ‘zero’ drawdown

South Korea proposes stricter screening of crypto executives

Montenegro deports former Terraform Labs CFO to South Korea amid fraud allegations

South Korea presidential office hints at domestic spot Bitcoin ETF amid regional uncertainty

South Korea looks to crackdown on crypto mixers via new regulations

South Korea’s FSC warns against brokerage of foreign Bitcoin ETFs

Popular South Korea Stories

Terraform Labs caught moving $4.8M through shell company

Vitalik Buterin calls out ETHW hard fork proponents as “trying to make a quick buck”

Do Kwon fears for his safety following Terra (LUNA) implosion

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South Korea

Worldcoin userbase nears 4 million amid global privacy probes

Do Kwon unlikely to be extradited before start of SEC trial

Montenegro high court greenlights Do Kwon’s extradition to US

South Korea’s ruling party proposes delay in crypto taxation as election pledge

Korean watchdog to ban crypto exchanges that fail to meet stringent new regulatory standards

Korean FSC mandates crypto exchanges keep 80% in cold storage, criminals face up to life in prison

HaruInvest executives arrested in Korea after algo trading promised ‘zero’ drawdown

South Korea proposes stricter screening of crypto executives

Montenegro deports former Terraform Labs CFO to South Korea amid fraud allegations

South Korea presidential office hints at domestic spot Bitcoin ETF amid regional uncertainty

South Korea looks to crackdown on crypto mixers via new regulations

South Korea’s FSC warns against brokerage of foreign Bitcoin ETFs

Terraform Labs caught moving $4.8M through shell company

Vitalik Buterin calls out ETHW hard fork proponents as “trying to make a quick buck”