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South Korea proposes real-time monitoring to freeze funds on Binance
South Korea proposes a real-time monitoring system to freeze funds on Binance and other major crypto exchanges. The move aims to enhance oversight and combat cryptocurrency-related crimes.
South Korea’s Coinone rocked by crypto listing bribery scandal
In a startling turn of events, a former executive at Coinone, one of South Korea's top cryptocurrency exchanges, has admitted to receiving bribes in return for listing specific cryptocurrencies on the platform.
South Korea implements crypto disclosure mandate for officials for 2024
In a unanimous decision, South Korean lawmakers have passed a new bill mandating public officials and candidates to disclose their cryptocurrency holdings starting in 2024.
Samsung and Bank of Korea join forces for CBDC research
Samsung Electronics and the Bank of Korea (BOK) have announced a partnership to conduct joint research, focusing on the development of an offline payment system for a central bank digital currency (CBDC).
Montenegro court releases Terra founder Do Kwon on $436k bail
Terraform Labs founder Do Kwon and his former chief financial officer Han Chong-Joon have been granted bail by a court in Montenegro. According to media reports, the court decided to release Kwon and Han to house arrest under police supervision on…
South Korea sets trial date for Terraform Labs co-founder over Terra Luna collapse
Terraform Labs co-founder Shin Hyun-seung and seven other associates are set to face trial on May 26 over fraud charges related to the collapse of the Terra-Luna stablecoin and crypto project in May 2022.
South Korean lawmaker under investigation for suspicious crypto transactions
Kim Nam-Kuk, a South Korean lawmaker, is under investigation after claims that he withdrew 800,000 WEMIX tokens during questionable crypto transactions. A series of cryptocurrency transactions by a legislator from an opposition party has been submitted to local prosecutors by…
South Korea and US face off over Do Kwon’s extradition
Reports indicate that South Korean prosecutors are adamant that charging Do Kwon in his home country is the best way to serve justice to Terra network victims
Terraform Labs co-founder indicted in South Korea
Daniel Shin, co-founder of Terraform Labs, is among ten individuals charged in South Korea, as legal repercussions from the Terra crisis continue to unfold across multiple countries.
Prosecutors claim Do Kwon has millions in Swiss account
South Korean prosecutors have revealed that former Terra CEO Do Kwon has millions of dollars stashed in a Sygnum bank account.
South Korean parliament passes first phase of virtual asset bill
On April 25, the South Korean parliament’s National Policy Committee passed the first step of the country’s crypto bill, the Virtual Asset Investor Protection Act.
G Dragon’s new NFT collection sold hours after launch
Korean pop artist G Dragon recently launched an NFT collection owing to a collaboration with Fandom Studios and the BNB chain.
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…
South Korean exchanges to delist OMG and SRM
The members of the digital asset exchange joint consultative body (DAXA), a group of South Korean crypto exchanges, are planning to delist OMG Network (OMG), formerly known as OmiseGo, and serum (SRM). According to the announcement by Upbit, DAXA will…
South Korea seeks to seize $314m in assets from Terra executives
The office of the Seoul prosecutor is seeking to seize assets worth $314 million from eight Terra officials, including CEO Do Kwon, who was recently arrested in Montenegro. According to South Korean news outlet KBS, Do Kwon, CEO and co-founder…
South Korea and the US seek extradition of Do Kwon
Do Kwon, the co-founder of Terraform Labs, who was detained by Montenegrin police, is wanted by the United States and South Korea.