Montenegro Allegedly Intends to Extradite Do Kwon to the United States

Delve into the details of Kwon's situation in Montenegro, where he has been held since March. Learn about the ongoing legal battles between US and South Korean prosecutors seeking jurisdiction over Kwon.

323 +

Montenegro court clears path for Do Kwon’s extradition to US or South Korea

Terraform Labs founder Do Kwon faces possible extradition to either the United States or South Korea, as confirmed by an update on a court website in Montenegro on Nov. 24. The High Court of Podgorica stated that the necessary legal conditions for Kwon’s extradition to either country had been satisfied.

1047 +

US Court Greenlights SEC’s Request To Probe Terra Co-Founder In Korea

In a significant legal development, US District Judge Jed Rakoff granted the US Securities and Exchange Commission (SEC) the authority to collaborate with the South Korean government in its probe against Do Kwon’s Terraform Labs co-founder, Daniel Shin, and collect evidence from payments company Chai Corp.

183 +

Legal proceedings start for Terraform Labs co-founder in South Korea: Report

Terra co-founder Do Kwon is currently in custody in Montenegro, while Daniel Shin's trial preparations in South Korea are reportedly underway.

601 +

Terra Co-Founder Faces Legal Proceedings In South Korea As 1st Hearing Unfurls

Terra’s legal trouble continues with South Korea’s Seoul Southern District Court conducting the initial preliminary hearing for Daniel Shin, the co-founder of Terraform Labs, along with seven other former Terra employees.

178 +

South Korea Passes Crypto Bill for User Protection

The bill marks the country's first step towards a digital asset legal framework.

159 +

Guilty Pleas in Coinone Case: Defendants in South Korea Admit Charges

Coinspeaker Guilty Pleas in Coinone Case: Defendants in South Korea Admit Charges The legal process is going on, with the next hearing scheduled for June 6th. Guilty Pleas in Coinone Case: Defendants in South Korea Admit Charges

214 +

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.

234 +

Terra faces more legal trouble as authorities seize $160 million in assets

The Seoul Southern District Prosecutor's Office has seized approximately $160 million from eight individuals. Both the United States and South Korea asked Montenegro to detain Kwon. As per aThe post Terra faces more legal trouble as authorities seize $160 million in assets appeared first on AMBCrypto.

269 +

XRP skyrockets over 20% in a week

XRP, the digital currency behind Ripple Labs, has been making headlines lately with its impressive market performance, ongoing legal battle with the SEC, and surging trading volumes in South Korea.  Despite the uncertainty surrounding its legal battle, XRP has been…

273 +

Is the IMF shutting the door prematurely on Bitcoin as legal tender?

Should the International Monetary Fund leave the door open for developing countries struggling with inflation? “Bitcoin was made for the Global South.”

98 +

Coinbase CEO urges Bitcoin legal tender for Brazil, Argentina — Reaction

Coinbase CEO Brian Armstrong tweeted that BTC may be the “right long-term bet” for the two South American countries currently seeking a common currency.

100 +

Wemix delisting saga continues at South Korean court

Microsoft-backed video game developer Wemade plans to further continue the legal battle against South Korea's largest crypto exchanges.

173 +

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.

322 +

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

201 +

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.

182 +

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…

216 +

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.

226 +

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.

238 +

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...

233 +

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.

129 +

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

118 +

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.

288 +

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.

214 +

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.

416 +

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.

283 +

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.

189 +

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.

196 +

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.

322 +

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.

375 +

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.

169 +

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.

195 +

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.

253 +

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 […]

298 +

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...

213 +

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.

246 +

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.

195 +

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.

195 +

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.

154 +

$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.

215 +

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.

238 +

Mandatory KYC verification may contradict privacy laws in South Korea

Will this legal contradiction be resolved before the deadline?

227 +

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).

354 +

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.

158 +

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.

243 +

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.

194 +

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?

249 +

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.

191 +

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.

159 +