Prosecutors Seek 8-year Jail Term for Owner of Top South Korean Crypto Exchange Bithumb

Coinspeaker Prosecutors Seek 8-year Jail Term for Owner of Top South Korean Crypto Exchange Bithumb Crypto exchange FTX is reportedly in talks to buy Bithumb. The legal issues connected to its former chairman will, however, hinder any possible sale.

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Owner of Top South Korean Crypto Exchange Facing Eight Years in Prison

Bithumb is still struggling to find investors due to legal risks associated with its former de facto owner, Lee Jung-hoon

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Terra Spokesman Argues ‘Luna Classic has Never Been a Security’ Amid Legal Trouble

Terraform Labs suggested that South Korean prosecutors may be 'overreaching their authority' arguing that Luna Classic isn't legally a security The post Terra Spokesman Argues ‘Luna Classic has Never Been a Security’ Amid Legal Trouble appeared first on BeInCrypto.

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U.S. States Take Legal Actions Against Crypto Lender Nexo for Alleged Unlawful Operations

Several U.S. states, including California, New York, and South Carolina, could take legal action against Nexo, a cryptocurrency lender platform. California DFPI issues a Desist The state of California, through the Department of Financial Protection and Innovation (DFPI), gave an…

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Terra’s Do Kwon Reportedly Enlists New Lawyers In South Korea In Anticipation Of Legal Battle

Do Kwon, the disgraced founder of the once multi-billion dollar Terra ecosystem, has hired new lawyers in South Korea to prepare for a legal brawl in light of an investigation by the Seoul Southern District Prosecutors Office.

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Do Kwon hires lawyer in preparation for defense in South Korea

Terra co-founder Do Kwon has hired a lawyer in preparation for his defense against South Korea’s legal actions, South Korea-based Naver reported August 17. The post Do Kwon hires lawyer in preparation for defense in South Korea appeared first on CryptoSlate.

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Terra’s Do Kwon Hires Legal Team in South Korea: Report

Kwon and Terraform Labs are facing multiple lawsuits following Terras collapse in May. Terra’s Do Kwon Reportedly Enlists New Lawyers Do Kwon has hired a new team of lawyers in...

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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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Do Kwon faces legal trouble in South Korea, China remains Bitcoin mining powerhouse, and Ethereum 2.0 eyes ‘huge testing milestone’: Hodler’s Digest, May 15-21

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China outlaws crypto fundraising, offenders could face jail sentences

Under new legal interpretation from China’s Supreme People’s Court, raising funds using cryptocurrency is deemed as an illegal activity in the country, according to South China Morning Post. The post China outlaws crypto fundraising, offenders could face jail sentences appeared first on CryptoSlate.

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Where to buy Bitcoin in Korea [2022] – Is Crypto Legal In Korea?

Introduction South Koreans have been a major player in the crypto space for a long time. According to surveys at the time when crypto was booming in 2017, more than a third of the country’s salaried workers were invested in cryptocurrencies.

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How to Accept Bitcoin Payments & Donations [2021 Update]

Bitcoin has been touted as many things – a store of value, a means of exchange, and crazy magic computer money. Certain South American nations have considered BTC as legal tender. Online retailers are setting up crypto payment options as the most convenient way to trade internationally.

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After El Salvador, will Paraguay be the next to make Bitcoin 'official currency'

El Salvador's adoption of Bitcoin as legal tender this month kindled national ambitions across Central and South America. In Paraguay, congressman Carlitos Rejala excited Bitcoin supporters, when his The post After El Salvador, will Paraguay be the next to make Bitcoin 'official currency' appeared first on AMBCrypto.

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Over 60 Crypto Exchanges In South Korea To Suspend Operations From Next Week

The Financial Services Commission (FSC) in South Korea has set a deadline for foreign and local crypto exchanges to register as legal trading platforms. The financial watchdog has set a September 24 deadline for exchanges to comply.

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Protests in El Salvador intensify following the passing of the Bitcoin Law

El Salvador made history on Tuesday as the Bitcoin Law came into effect, sanctioning the leading cryptocurrency as legal tender in the South American country. The post Protests in El Salvador intensify following the passing of the Bitcoin Law appeared first on CryptoSlate.

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South Korea grants security certificate to the first crypto-trust company

Regulation and compliance is the name of the game if a company wants to succeed in the current legal environment around the cryptocurrency industry. Many companies worldwide are thus stepping up theirThe post South Korea grants security certificate to the first crypto-trust company appeared first on AMBCrypto.

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Юристы экс-разработчика Monero Рикардо Спаньи объяснили его арест неявкой в суд

Задержание бывшего ведущего разработчика Monero Рикардо «Fluffypony» Спаньи «необоснованно». Такую оценку произошедшему дал представляющий его интересы юрист Дункан Оукс. Riccardo Spagni @fluffypony South African counsel legal statement:https://t.

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Africrypt turns sour on investors: Founders flee as court cases build up

Africrypt founders are still on the run as investors turn to legal action to try to recoup funds lost in South Africa’s latest cryptocurrency theft scandal.

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Bitcoin as legal tender – Paraguay follows El Salvador’s lead

South American nation, Paraguay, has proposed a bill that will legally recognize Bitcoin (BTC/USD) as its official currency. The move is coming after El Salvador made a similar proposal, making Bitcoin legally accepted for the payment of goods and services.

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South American Countries Are Interested In Adopting Bitcoin: Who Will Be Next?

Since Bitcoin was adopted as legal currency in El Salvador, the crypto world is watching and waiting for who will be next. There could be a few South American countries to vote for legalizing crypto and paving the way for crypto infrastructure sooner rather than later.

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Tanzania’s President Calls For Central Banks To Work Towards Crypto Acceptance

Bitcoin and crypto adoption was all over the place last week and it seems like the trend might continue this week as well Following the recent events of El Salvador’s President Nayib Bukele announcing the acceptance of Bitcoin as a legal tender, this has sparked a domino effect of other Central and South American countries […]

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South African Cannabis Entrepreneur Snags GGG NFT Seed Auctions

Establishing a new era in the emerging legal cannabis industry, a South African businessman, Matt Benas, outbid everyone in an historic NFT (non-fungible token) auction for...

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South Korea: Central Bank Publishes Book on CBDC Legal Considerations

South Korea’s plans for its experimental central bank digital currency (CBDC) project also includes efforts to contribute to the expanding body of knowledge dedicated to sovereign digital currencies.

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Bank of Korea publishes book on central bank digital currency's legal issues

South Korea's central bank has issue a book on legal matters that would need to be addressed to ensure the smooth operations and usefulness of a future central bank digital currency.

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South Korea’s 20% Crypto Tax Still on Track for 2022: Report

South Korea’s Ministry of Economy and Finance said Wednesday it has finalized a legal amendment relating to cryptocurrency taxes.

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South Korean Crypto Firms Must Disclose Users’ Identities Under Planned Law Change

South Korea's top financial watchdog wants legal changes making it mandatory for cryptocurrency firms to report the names of customers.

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$60.2M tax on Bithumb has no legal basis, claims South Korean lawmaker

South Korean crypto-exchange Bithumb was in the news this year after it was levied a tax of 80. 3 billion won ($60. 2 million) by the country's National Tax Service (NTS). Bithumb, for its part, was The post $60.

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Judge rules in favor of Bithumb, crypto investor’s claims dismissed

Legal authorities in South Korea have ruled in favor of the crypto exchange, Bithumb, ruling that it need not compensate a crypto investor who filed a lawsuit against the exchange who claimed to have The post Judge rules in favor of Bithumb, crypto investor’s claims dismissed appeared first on AMBCrypto.

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Mandatory KYC verification may contradict privacy laws in South Korea

Will this legal contradiction be resolved before the deadline?

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South Korea Set Up Committee to Study Regulatory Obstacles for Potential CBDC Project

South Korea’s central bank, the Bank of Korea (BOK) has set up a legal advisory committee that will look into any possible regulatory roadblocks when issuing its planned central bank digital currency (CBDC).

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South Korea to Review Legal Issues Surrounding Potential CBDC Launch

The Bank of Korea has tapped six experts to assess possible legal issues surrounding the launch of a central bank digital currency.

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Bitcoin now legal in South Korea, India, and “at par” with fiat in France

Against a grim macro outlook, there was some good regulatory news last month. A French court ruled that bitcoin is a legally recognized currency. The Indian Supreme Court overturned India’s crypto banking ban, and South Korea has now fully legalized crypto assets within its borders.

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France Says Bitcoin Is Money as Industry Cheers Bullish Week for Crypto

To round off a week of positive developments for the cryptocurrency industry, France has officially recognized Bitcoin as a legal financial instrument. Elsewhere, India, South Korea, and Germany have seen similar legal developments in recent days.

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Why Bitcoin Mining Might Be the New Business Model for US Power Plants

South Korea gets legal recognition for crypto, New York power plant mines BTC and the end of the intranet era for enterprise blockchain?

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South Korean National Assembly Passing Of Two Amendments, Making Crypto Legal

First, it was India, now South Korea has taken a positive step towards cryptocurrencies.  The recent amendment of the Act on Reporting and Use of Specific Financial Information passed today during a session of the National Assembly, which officially allows crypto trading and holding.

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South Korean Parliament Legalizes Bitcoin Trading

The National Assembly of South Korea unanimously approved what could be the official entry of cryptocurrency trading and holding into the nation’s legal system. Cryptocurrency Trading Is Now Legal in...The post South Korean Parliament Legalizes Bitcoin Trading appeared first on Crypto Briefing.

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Breaking : Crypto Trading is now legal in South Korea

In a dramatic turnaround, the South Korean parliament, the National Assembly, has voted in favor of the country’s first cryptocurrency-specific legislation in the past few hours. Bitcoin is currently trading at 9080$.

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South Korea's parliament reportedly 'legitimizes' Cryptocurrency as a legal entity

According to reports, a full session of the National Assembly of the South Korean parliament has passed an amendment to the Act on Reporting and Use of Specific Financial Information. Owing to this amThe post South Korea's parliament reportedly 'legitimizes' Cryptocurrency as a legal entity appeared first on AMBCrypto.

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Breaking: Cryptocurrency Now Fully Legal in South Korea

In another significant development for the cryptoverse, the South Korean National Assembly has officially passed the “Act on Reporting and Use of Specific Financial Information” bill into law, making cryptocurrency trading and holding a legal activity in the nation, reports TheNewsAsia on March 5, 2020.

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Australian Plaintiff can pay Court Fees With a Crypto Exchange Account

The legal status of cryptocurrencies can differ based on one’s region. In Australia, it would appear that Bitcoin is a legal investment vehicle.   Those are the findings of Judge Judith Gibson of New South Wales.

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Australian Judge Says Crypto Is a Legitimate Investment Vehicle

A New South Wales court allows crypto exchange account usage as collateral against possible legal fees

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Tether Partly Backed by Bitcoin, Court Transcription Reveals

Tether, a stablecoin tied to the dollar that is meant to mediate the volatility of other cryptocurrencies, is partly backed by bitcoin. As detailed in court documents obtained by The Block, Tether admitted to using some of the cash reserves meant to back its stablecoin to purchase bitcoin, among other assets.

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South Africa’s first legal online rhino horn auction totally failed

Private rhino horn owner John Hume, held South Africa’s first online rhino horn auction during 2017, a major event in the ongoing fight by private rhino owners to be able to sell legal horn stocks.

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Following Expansions, Japanese Regulator Investigates Local Crypto Exchanges

Japan’s Financial Services Agency (FSA) is looking into two major cryptocurrency exchange platforms as part of an investigation. According to a report published by Reuters Japan on April 23, 2019, the investigation by the financial watchdog is connected to the legal compliance and customer protection standards of trading platforms Fisco Digital Asset Group (FDAG) and Huobi Japan, the Japanese subsidiary of Huobi Global.

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Defunct Exchange Gatecoin Highlights the Need for Regulations for Legal Ownership of Crypto Assets

The fate of users of the now-defunct cryptocurrency exchange Gatecoin lies in the doldrums due to the lack of clear regulations which could fixate the legal ownership of crypto assets. This according to a report by South China Morning Post, published April 22, 2019.

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5th Biggest Korean Bitcoin Exchange Closes Shop

Coinnest, one of the largest Bitcoin exchanges in South Korea has announced that it will be shutting down following a litany of administrative, financial and legal issues. 5th Largest South Korean Bitcoin Exchange Closes Shop In a statement published on the company’s website on Thursday (April 18, 2019), the platform announced its decision to shut up shop.

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