Japan, South Korea, and the US issue joint warning over North Korea-related crypto thefts

Japan, South Korea, and the US warned the global crypto industry about threats posed by hacks attributed to North Korean actors in a joint statement published on Jan. 14. According to the statement, groups allegedly tied to the Democratic People’s Republic of Korea (DPRK) are targeting exchanges, crypto custodians, and individual users.

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US, Japan, and South Korea warn web3 firms about hiring IT workers from North Korea

In a joint statement, the U.S., Japan, and South Korea highlight the growing threat posed by North Korean cyber actors to the global crypto sector. The United States, Japan, and South Korea have warned the blockchain industry about North Korean…

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How North Korea Infiltrated the Crypto Industry

More than a dozen blockchain firms inadvertently hired IT workers from the rogue state, incurring cybersecurity and legal risks, a CoinDesk investigation found.

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Asia & MENA Crypto Roundup: Dubai’s New Ads Rule, Worldcoin Fined $800,000 in Korea, and More

This week, the crypto industry in Asia and MENA saw Dubai introduce stricter crypto ads rules, while South Korea fined Worldcoin $800,000 for data privacy breaches. The post Asia & MENA Crypto Roundup: Dubai’s New Ads Rule, Worldcoin Fined $800,000 in Korea, and More appeared first on BeInCrypto.

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FBI warns of North Korean threat to crypto, cautions against potential ETF-related attacks

The Federal Bureau of Investigation (FBI) issued a warning about North Korea’s aggressive targeting of the crypto industry on Sept. 3. The agency detailed the sophisticated social engineering campaigns conducted by North Korean actors against employees of crypto-related businesses, notably DeFi applications.

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Do Kwon extradition to South Korea upheld as Montenegro court rejects US request

The upheld extradition underscores global regulatory efforts to hold crypto leaders accountable, potentially reshaping industry oversight and trust. The post Do Kwon extradition to South Korea upheld as Montenegro court rejects US request appeared first on Crypto Briefing.

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South Korea implements new crypto regulations, details here

South Korea's new regulations enhance user protection in the cryptocurrency industry. VASPs must keep 80% of user crypto deposits in cold storage. South Korea boasts one of the world's most The post South Korea implements new crypto regulations, details here appeared first on AMBCrypto.

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South Korea moves to delay crypto tax until 2028 amid market concerns

South Korean lawmakers have proposed a bill to delay the implementation of crypto gain tax until 2028. The ruling political party proposed the bill on July 12, citing the current negative sentiments around the crypto industry as the reason for the extension.

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Ava Labs eyes web3 integration in South Korea’s booming K-Pop industry

Ava Labs, the developer behind the Avalanche blockchain network, is working on introducing web3 technologies to enhance intellectual property management in the rapidly growing K-pop market. Justin Kim, who leads Ava Labs’ operations in South Korea, discussed the company’s strategic moves to bring blockchain solutions to the forefront of the entertainment sector in an interview […] The post Ava Labs eyes web3 integration in South Korea’s booming K-Pop industry appeared first on CryptoSlate.

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Crypto.com Postpones South Korea Launch After Reports of Money Laundering Probe

The firm maintains the "highest" anti-money laundering standards in the industry, it said in a statement to CoinDesk.

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Dogecoin Surpasses Ethereum, XRP, Solana As The Most Traded Coin After Bitcoin

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North Korea gets 50% of foreign earnings due to weak security measures in crypto industry, UN says

A recent United Nations report highlights North Korea’s significant role in cyberattacks, particularly targeting crypto firms amid sanctions enforcement and nuclear concerns. The United Nations Security Council has released a new report, indicating North Korea‘s escalating involvement in cyberattacks, which…

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Is Lazarus Group the biggest threat to crypto in this bull market? 

Web3 security experts consider North Korea’s Lazarus Group the most prominent and sophisticated threat to the crypto industry in 2024.

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South Korea wins Do Kwon extradition rights in Terra saga

Do Kwon is set to return to his native South Korea for criminal prosecution two years after the collapse of Terra’s tokens, which shook the crypto industry.

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Crypto Scandal: Korean Celebrities Involved In Coin Fraud Allegations

An allegation of a crypto scandal has shaken the entertainment industry in South Korea. Local reports inform of an alleged coin fraud committed by an important blockchain platform in the country and involving popular figures in the Korean entertainment business.

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This Nation Will Shut Down Crypto Exchanges That Do Not Comply

South Korea's financial authorities are set to tighten the reins on crypto exchanges, with a focus on compliance and industry integrity amidst growing market scrutiny. The post This Nation Will Shut Down Crypto Exchanges That Do Not Comply appeared first on BeInCrypto.

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KT Corporation’s NFT Platform MINCL To Shut Down

Discover the reasons behind the shutdown of MINCL, South Korea's once-promising NFT platform, and its impact on the metaverse industry. The post KT Corporation’s NFT Platform MINCL To Shut Down appeared first on NFT News Today.

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How South Korea’s National Assembly Got Stood Up by Crypto Industry Reps at Terra Hearing

Only two crypto executives represented the industry, though lawmakers asked five to attend.

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South Korean City Busan Taps Huobi to Develop Blockchain Infrastructure

Huobi Global and Huobi Korea will work closely with the city to develop its nascent blockchain industry.

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S. Korean City Busan Taps Huobi to Develop Blockchain Infrastructure

Huobi Global and Huobi Korea will work closely with the city to develop its nascent blockchain industry.

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Busan City announces FTX partnership to build local exchange

South Korea's 'Blockchain' city of Busan continues to establish partnerships to foster the growth of the cryptocurrency industry.

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South Korea To Impose “Gift Tax” On Crypto Airdrops

South Korea is looking to impose a new sort of tax on cryptocurrencies. The East Asian country has remained on the news within the crypto space of late as it seeks to institute proper regulation of the nascent industry.

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First Mover Asia: Bitcoin Snaps Its 4-Day Rally Tuesday; Troubles in Cryptoland? Not at South Korea's Muted Mega-Blockchain Week

The Seoul-based event offered a welcome return to in-person interaction but failed to tackle the industry's most burning themes or challenge its panelists.

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First Mover Asia: Bitcoin Snaps Its 4-Day Rally Tuesday; Troubles in Cryptoland? Not at Korea's Muted Mega-Blockchain Week

The Seoul-based event offered a welcome return to in-person interaction but failed to tackle the industry's most burning themes or challenge its panelists.

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How North Korea Infiltrated The Crypto Industry Using Fake LinkedIn Resumes

Per a Bloomberg report, North Korean-backed hackers might be stepping up their efforts and attack vectors against the crypto industry. Bad actors seem to be stealing resumes and information from major job listings websites to apply for jobs in the nascent sector.

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South Korea sets $117.1 million budget to kickstart metaverse industry

South Korea set a $117.1 million budget to invest in the metaverse and became one of the first governments ever officially to do so. The post South Korea sets $117.1 million budget to kickstart metaverse industry appeared first on CryptoSlate.

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Why Is South Korea Throwing Money at the Metaverse?

South Korea has emerged as a global technology powerhouse in recent decades, giving rise to industry giants like Samsung, LG and Hyundai. If the country’s government gets its way, a metaverse company could be the next big thing to ride the Korean wave.

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South Korea Plans Crypto Legislation By 2024, Leaked Report

In a move that will see South Korea become even more crypto-friendly, President Yoon has announced his intention to establish a new regulatory framework for the crypto industry by 2024. With this new legislation in place and increasing demand for cryptocurrency services across all areas of commerce, it seems likely they can pull off another […]

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ICOs are coming back following sweeping crypto reforms in South Korea

South Korea’s Presidential Transition Committee is proposing a crypto framework designed to foster the growth of the digital asset industry. The post ICOs are coming back following sweeping crypto reforms in South Korea appeared first on CryptoSlate.

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Op-Ed: South Korea’s new president aims to take crypto to the next level

The recent news that the incoming South Korean president is planning to boost the country’s crypto industry is welcome news, particularly in light of the economic power of South Korea not just regionally but also globally.

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First Mover Asia: Tailwinds for South Korea's Crypto Industry; Bitcoin, Ether Plunge

The report earlier this week of SK Group's $1.6 billion investment over the next three years on semiconductors and blockchain follows a presidential campaign that made crypto-friendly policies an important issue; major altcoins also decline.

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TooNFT introduces decentralised webtoon platform to Web 3.0 via the Toomics Ecosystem

The third biggest Webtoons platform in South Korea—Toomics ventures into decentralized comics using TooNFT. Toomics, one of the leading WebToons, Comics, and Manga platforms in South Korea, will turn the tides of the Webtoons industry by introducing the TooNFT blockchain platform in this ordeal.

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Korean crypto exchanges are now in compliance with the Travel Rule

Complying with the rules puts South Korea ahead of the curve for regulating virtual assets but could be harming the domestic industry with overbearing transfer restrictions between exchanges.

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What Could Change For South Korea’s Crypto Regulations

The new president of South Korea Yoon Suk-yeol wants the country to lead the crypto market. Recently, he vowed to deregulate the virtual asset industry and expects to set a more amicable regulatory framework in order to promote local growth.

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Korean blockchain experts seek the government’s help for digital asset market

The Korea Digital Asset Industry Committee meeting discussed crypto tax, DeFi markets, nonfungible tokens and the metaverse during its meeting on Thursday.

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South Korea crypto investors to report holdings in foreign exchanges

Like many other countries worldwide, the South Korean cryptocurrency industry has been facing major regulatory headwinds over the past few years. The country's regulators have recently tightened theirThe post South Korea crypto investors to report holdings in foreign exchanges appeared first on AMBCrypto.

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South Korean Presidential Candidate to Accept Crypto Donations for Campaign

The Democratic Party of Korea is looking to spread its wings in the crypto space by accepting crypto donations and supporting NFTs in the gaming industry. The post South Korean Presidential Candidate to Accept Crypto Donations for Campaign appeared first on BeInCrypto.

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Increasing Number of Financial Regulators Are Leaving for Crypto Exchanges, Warns South Korea

South Korean politicians are raising concerns over cryptocurrency brain drain, and they are calling on public officials to stop joining crypto companies for bigger paychecks. According to a Financial Times report, an increasing number of financial regulators and police officers are leaving for crypto firms as the industry bolsters its compliance divisions.

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South Korean legislators agree to delay taxation of cryptocurrency capital gains

Recurring regulatory hurdles over the past year have had a deep impact on South Korea's booming cryptocurrency industry. Many exchanges and businesses have had to shut shop in the country. Another souThe post South Korean legislators agree to delay taxation of cryptocurrency capital gains appeared first on AMBCrypto.

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NFTGO.io forms a Partnership with Korea University Blockchain Research Institute, Seeking Business Opportunities in Korean Market

Oct.26, South Korea. NFTGO.io reached official partnership with Korea University Blockchain Research Institute aiming to help the NFT industry grow in healthy and sustainable way. As NFT creates a trend in Korean market, Korean companies are eager to join the emerging NFT-based digital blockchain market and artists, museums and digital asset holders are exploring theRead More

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The Korea Teachers’ Credit Union with Over $40 Billion in Assets Is Investing in A Bitcoin ETF

Slowly but surely, everyone is jumping on the Bitcoin train. Amidst the incoming herd of institutional investors and retirement funds, credit unions are also coming in. The Korea Teachers’ Credit Union, which manages more than $40 billion, is now investing in Bitcoin, according to local reports, citing industry sources.

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Cryptocurrency Tax Dispute in South Korea Reaches Boiling Point

South Korea’s crypto industry is currently in the midst of a significant dispute with the government as the topic of taxation continues to rage on. Following a possible delay in the government’s proposed tax code, a lawmaker has come out to declare that he won’t be backing down.

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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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Bithumb Terminates Trademark Agreements With 2 Foreign-Based Exchanges

Leading Korean crypto exchange Bithumb is terminating its trademark agreements with two coin trading platforms operating abroad under its brand name. The move comes as digital asset exchanges in South Korea prepare to comply with the country’s stricter regulations for the industry that will be enforced in September.

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Korean Exchanges Delist High-risk Coins as They Face Tough Regulations

Crypto trading platforms in South Korea are delisting certain digital currencies as they move to comply with stricter rules for the industry. The trading of some high-risk coins has been either halted or completely suspended on several Korean exchanges this week.

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South Korea to regulate crypto exchanges by the end of summer

The struggle to regulate the crypto industry continues in every country around the world. Many have asked whether it is even possible to regulate crypto, given that it is still an evolving technology that is still seeking its final form, use cases, price, and more.

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South Korean Financial Supervisory Service Tasked With Crypto Market Oversight

The Financial Supervisory Service of South Korea will lead government efforts to oversee the country’s expanding cryptocurrency market. The agency has been tasked with the job after prolonged discussions over which Korean regulator should be responsible for the industry.

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Korea’s crypto market is among the strongest — and the strangest — in the world

Between strict capital controls and regulations, Korea’s cryptocurrency industry is so closed off that Bitcoin commands a steep premium and DeFi is in its infancy.

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South Korean Regulators Working With Banks in a Bid to Regulate Cryptocurrencies

Regulators in South Korea are now taking an interest in the cryptocurrency industry with plans to introduce regulations for the emerging asset class. The nation’s financial authorities are now seeking the help of banks to aid in these efforts, and have asked them to declare their cryptocurrency businesses to ascertain the exact number of cryptoRead More

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