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South Korean Taxpayers Report Overseas Crypto Assets Worth Nearly $100 Billion
In recent years, crypto assets such as Bitcoin and Ether have witnessed increased adoption in various countries worldwide. In a testament to this growing trend, South Korea’s tax organization disclosed that cryptocurrencies accounted for the largest proportion of taxpayers’ assets overseas. дальше »
2023-9-21 23:00
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Crypto accounts for 70% of South Korea’s overseas assets
The National Tax Service (NTS) of South Korea has revealed that 70% of the country’s overseas assets are in cryptocurrency. According to an official statement, the country holds $98 million worth of crypto abroad, as reported by nearly 1,400 individuals… дальше »
2023-9-20 15:20
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Crypto Crackdown: South Korea Targets OTC Market Amid Multi-Billion Scandals
In light of a surge in illicit activities associated with the over-the-counter (OTC) crypto trading market, South Korea is increasing its regulatory scrutiny. Financial regulators in this tech-forward nation are actively delving into the largely unregulated domain of OTC crypto trading in the Asian country. дальше »
2023-9-19 01:00
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Web3 Doesn’t Care About Bitcoin Prices – And Other Musings From Korea Blockchain Week
A packed venue and hopeful cheers from an estimated 10,000 people attending the many Web3 panels could have made one doubt whether the industry remains in one of the deepest bear markets in its young history. дальше »
2023-9-13 11:25
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South Korean bank develops crypto custody together with BitGo
The South Korean bank KEB Hana Bank closed a new partnership with the cryptocurrency company BitGo to develop crypto custody. The partnership between the two companies will aim to develop a cryptocurrency custody business in South Korea. KEB Hana Bank… дальше »
2023-9-6 19:35
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South Korea crafts bill to freeze North Korea crypto assets
The South Korean government plans to submit a bill that will enable it to track and freeze crypto assets used by North Korea for its weapons program, local media outlet Korea JonngAng Daily reported on Sept. дальше »
2023-9-5 14:30
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Short-term bitcoin holders retreat, reshaping market balance towards long-term investors
Quick Take Bitcoin’s landscape has recently seen a significant shift. Short-term holders, defined as entities holding Bitcoin for less than 155 days, have once again succumbed to selling pressure, with approximately 20,000 BTC being sent to exchanges at a loss. дальше »
2023-9-5 14:00
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South Korean Hana Bank and BitGo to launch joint crypto custody venture
Hana Bank and BitGo are expected to launch a crypto custody service in the second half of 2024. Hana Bank is interested in having tokenized deposit technology replace central bank digital currencies and private stablecoins. дальше »
2023-9-5 13:06
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Seoul to target North Korea’s illicit crypto assets with a new cyber bill
South Korea plans new legislation and a cybersecurity committee to combat North Korean crypto theft and strengthen digital defenses дальше »
2023-9-4 22:36
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South Korea obliges crypto exchanges to hold $2.3m in reserves
South Korea has set a new reserve requirement for crypto exchanges, mandating them to have at least $2.3 million in reserves. Cryptocurrency exchanges in South Korea with bank-issued real-name accounts will have to reserve 30% of their daily average deposits… дальше »
2023-8-29 10:20
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Gen Z in South Korea prefers XRP and other altcoins to BTC and ETH: Report
A report from a local South Korean publication found that 20% of Gen Z investors in the country hold XRP, the most selected cryptocurrency. дальше »
2023-8-23 16:28
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Crypto Crime: South Korea Intelligence Unit Offers Support To Virtual Asset Operators
In its continuous attempt to regulate its evolving crypto scene and fight against crypto crimes, the South Korean government has offered support to virtual asset operators in the country. The nation’s Financial Intelligence Unit recently held a meeting with five local virtual asset services providers to help strengthen their “compliance capabilities.” This meeting is a […] дальше »
2023-7-27 16:00
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South Korea launches crypto crimes investigation unit
South Korea has taken a stand against surging crypto crimes with a specialized investigation team. The team is set to comprise of roughly 30 specialists. дальше »
2023-7-26 19:21
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Terraform Labs appoints new CEO from existing team: Report
Chris Amani, a Terra employee since 2021, has reportedly been serving as the company’s CEO for months.
дальше »2023-7-21 11:18
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South Korean central bank charts out future course of payment systems, CBDC
The BOK 2022 Payment and Settlement Systems Report is a forward-looking document with ambitious plans for financial technology in the country. дальше »
2023-7-20 00:40
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South Korea sets rules for clear accounting in crypto
The South Korea Financial Services Commission reviewed and approved the exposure draft for revising Corporate Accounting Standards to enhance transparency in crypto дальше »
2023-7-14 21:56
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South Korean companies to disclose crypto holdings from 2024
Key takeaways South Korean financial regulator wants companies to disclose their crypto assets in their financial statements. The aim is to improve accounting transparency amongst companies operating in the country. дальше »
2023-7-12 15:17
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CryptoQuant Parent Raises $6.5M Round Led by Atinum Investment
The latest round brings the company's total capital raise to $9 million. дальше »
2023-7-6 08:31
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South Korea to launch second phase of virtual asset legislation
In a move aimed at further strengthening regulations and protecting users in the crypto market, South Korean financial authorities are reportedly gearing up to initiate a research project for the second phase of the country’s virtual asset legislation. дальше »
2023-7-5 17:56
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South Korea prepares further crypto legislation focused on asset issuance, stablecoin regulation
South Korea’s financial authorities are preparing for the second phase of virtual asset legislation to regulate various aspects of the country’s crypto market, local media ChosunBiz reported on June 5. дальше »
2023-7-5 13:55
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Crypto Exchanges In South Korea Roll Out Volatility Monitoring System
A consortium of leading cryptocurrency exchanges in South Korea has introduced a system designed to notify users about price volatility and fluctuations in cryptocurrency prices. This initiative aims to provide users with timely information and alerts regarding the dynamic nature of cryptocurrency markets, helping them make informed decisions and manage their investments effectively. The newly […] дальше »
2023-7-5 22:30
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Bitcoin Cash jumps to 14-month high amid South Korea volume spike
Bitcoin Cash has skyrocketed to a 14-month high above $320, hitting highs of $326 on Coinbase. BCH upside momentum has increased since Wall Street-backed EDX listed the coin alongside BTC, ETH and LTC. дальше »
2023-7-1 16:26
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Bitcoin Cash Tops $300 as South Korean Trading Volumes Surge
The bitcoin cash-Korean won (BCH/KRW) pair listed on Upbit has registered a trading volume of $557.63 million in the past 24 hours. That's nearly 3.5 times дальше »
2023-6-30 10:15
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Haru Invest execs grounded in South Korea amid fraud suspicions
South Korean prosecutors have barred Haru Investment executives from traveling out of the country following criminal complaints of “serial suspending withdrawals” fraud, according to a Digital Asset June 25 report. дальше »
2023-6-26 13:00
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Bitcoin Futures ETF BITO sees biggest weekly inflow in a year
Quick Take Eric Balchunas, Bloomberg’s Senior ETF Analyst, recently highlighted a significant achievement for the Bitcoin Futures ETF, $BITO. In its most substantial weekly inflow in the past year, the ETF’s assets have surpassed the $1 billion mark once again. дальше »
2023-6-26 12:56
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South Korea’s largest commercial banks exploring security token platforms
NongHyup Bank revealed that the leading banks in South Korea, including Industrial Bank of Korea, Shinhan Bank, and Woori Bank, have joined its consortium for security token offerings. дальше »
2023-6-16 19:44
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Crypto lending platform Delio temporarily suspends withdrawals
Delio’s move comes amid a heightened crackdown in the US by the SEC. The move follows the recent suspension of deposit and withdrawal of digital assets at Haru Invest. There have also been a sharp increase in market volatility and increased confusion among investors. дальше »
2023-6-15 14:39
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Another South Korean crypto platform temporarily suspends withdrawals
South Korean crypto lending platform Delio announced on June 14 that it would temporarily halt withdrawals by 18:30 (KST) today to protect customers’ assets. Decision blamed on Haru situation The company attributed its decision to the heightened market volatility following Haru Invest’s suspension of deposits and withdrawal services. дальше »
2023-6-14 17:14
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Crypto yield platform Haru suspends transfers after investigation
The firm previously stated it had an issue with one of its service partners.
дальше »2023-6-14 21:11
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South Korean Crypto Yield Platform Haru Invest Pauses Withdrawals and Deposits
The firm blamed the pause on a “certain issue” with one of its service partners, and said it is working on a contingency plan, according to a blog update. дальше »
2023-6-13 10:08
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South Korea traces more funds allegedly moved by Do Kwon
South Korean authorities are investigating the whereabouts of about $29 million worth of cryptocurrencies allegedly moved from a crypto wallet controlled by Do Kwon’s Luna Foundation Guard (LFG). Kwon is currently under house arrest and is awaiting trial in Montenegro.… дальше »
2023-6-9 13:13
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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. дальше »
2023-5-30 13:53
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South Korea Passes Law Requiring Disclosure of Cryptocurrency Holdings by Officials
On May 25, the South Korean National Assembly passed the "Kim Nam Guk Prevention Law," which requires legislators and high-ranking government officials to disclose their cryptocurrency holdings. дальше »
2023-5-26 13:29
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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. дальше »
2023-5-26 12:34
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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. дальше »
2023-5-25 18:56
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South Korea passes law requiring all officials to disclose crypto holdings
Korean officials are now required to disclose any crypto holdings above $760. The bill outlining the new law was unanimously passed by lawmakers and ratified on Thursday, 25 May. Strict rules around crypto holdings for public officials come after a scandal where one Kim Nam-kuk was said to have held $4. дальше »
2023-5-26 17:22
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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). дальше »
2023-5-16 20:48
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LG Electronics files patent for NFT-trading TV
The information was published on WIPO's global database for intellectual property on May 11, 18 months after LG filed its application. дальше »
2023-5-13 23:30
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South Korean Authorities Investigate Lawmaker Over Alleged Crypto Transfers
There’s a rumor of a conflict of interest around the South Korean opposition lawmaker Kim Nam-Kuk over crypto transactions. The growing domestic outrage alleged that Kim liquidated over $4 million worth of crypto assets before the lawmakers would enforce the Financial Action Task Force Travel Rule. дальше »
2023-5-10 00:00
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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… дальше »
2023-5-8 16:03
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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. дальше »
2023-4-26 21:11
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Web3 event Korea Blockchain Week returns for 2023 edition
Korea Blockchain Week (KBW) will take place from 4th-9th September, 2023 in Seoul, South Korea. Major topics will include artificial intelligence and zero-knowledge technology. Organisers expect thousands of attendees, with speakers lined up from across DeFi, NFT and GameFi ecosystems among other sectors. дальше »
2023-4-24 18:32
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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. дальше »
2023-4-21 23:45
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Do Kwon Retained Law Firm in South Korea Before Terra's Collapse: Report
South Korean prosecutors confirmed a report that Kwon sent $7 million to a local law firm in the months leading up to his venture's dramatic fall. дальше »
2023-4-17 11:31
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As Justice Is Sought for Do Kwon, South Korea’s Crypto Scene Emerges From Terra Luna’s Shadow
The collapse of Terra continues to reverberate in Do Kwon’s homeland, but there are signs of progress, CoinDesk’s Emily Parker reports. дальше »
2023-4-13 15:51
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South Korean crypto exchange GDAC hacked for $13 million
South Korean exchange GDAC reported the hack early Monday. The exchange said the hackers stole nearly 61 BTC, 350. 5 ETH, 10 million WEMIX tokens and 220,000 USDT. On-chain data shows the hacker has swapped USDT for ETH and sent 461 ETH to a crypto mixer. дальше »
2023-4-10 17:56
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Korea-based exchange GDAC suspends withdrawals, deposits after $13M hack
Korea-based crypto exchange GDAC was hacked for roughly $13 million worth of digital assets during the early hours of April 9. According to an April 10 statement, the exchange said the stolen assets accounted for 23% of the total assets it managed. дальше »
2023-4-10 17:25
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Wemade launches Web3 live chat app Tangled on NFT platform NILE
Wemade says Tangled features an AI-based verification system to enhance safety for the Web3 live chat users. Users can accumulate time points and swap them for utility tokens like WEMIX. Wemade is making giant steps in bridging traditional gaming to Web3 and blockchain. дальше »
2023-4-10 14:31
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Alchemy Pay Expands Into South Korea as the Country Discusses Positive Crypto Regulation
Alchemy Pay has partnered with DWF Labs to raise $10 million and expand into the Korean market. The South Korean government is exploring crypto regulation. The post Alchemy Pay Expands Into South Korea as the Country Discusses Positive Crypto Regulation appeared first on BeInCrypto. дальше »
2023-4-3 15:12
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Alchemy Pay Raises $10M at $400M Valuation to Push South Korean Expansion Plans
The funding came from DWF Labs making its eighth investment of $10 million or more in the last six weeks. дальше »
2023-4-3 05:00
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