Tag: south korea

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Crypto News

South Korean Man Taken Into Custody In Thailand Over $50 Million Crypto To Gold Laundering Case

Authorities in Thailand have arrested a 33-year-old South Korean man in connection with a $50 million laundering operation involving the conversion of cryptocurrency to...
Crypto News

South Korea’s FSC To Unveil Regulatory Framework For Won-Denominated Stablecoins This October

The Financial Services Commission of South Korea will present a bill on won-backed stablecoins in October in Seoul. The move comes as the government...
Crypto News

South Korea’s Jeju City Cracks Down on 2,962 Individuals in Tax Arrears Using Crypto Seizures

Local authorities in Jeju City, South Korea, have launched a sizeable operation to combat delinquent tax payment by identifying cryptocurrency custodians of individuals who...
Crypto News

Ethena $ENA Price Rises 10% To $0.85 As South Korean Retail Demand Mirrors $443 Million Net Buys

Ethena (ENA) experienced a sudden price surge on Monday, August 11, increasing by 9% to an intraday high of $0.85 before closing at approximately...
Crypto News

South Korean Investors Shift From U.S. Big Tech To Crypto-Linked Stocks

A new report from the Korean Centre for International Finance (KCIF) shows that South Korean retail investors who once favoured U.S. big tech shares...
Crypto News

XRP Institutional Custody Services Launch in South Korea Through BDACS in Response to Strong Market Demand

On August 5th, the South Korean crypto custodian BDACS officially went live with institutional custody services for XRP, a milestone for the country's digital...
Crypto News

South Korean Crypto Exchange Bitsonic CEO Sentenced to Second Prison Term Following Major Fraud Case

Shin Jin-wook, the CEO of South Korean crypto exchange Bitsonic, received a second jail term for another serious fraud case. Already having been sentenced to...
Crypto News

South Korean Banks Accelerate Towards Developing Crypto and Stablecoin Services Ahead of Legal Overhaul

South Korea's biggest banking groups are racing to develop and launch crypto and stablecoin services in anticipation of a sweeping legislative transformation. Banks, according to...
Crypto News

South Korea Introduces Stablecoin-Powered ATMs Allowing Travelers to Withdraw USDT as Cash Seamlessly

South Korea unveiled a new crypto innovation targeting foreign tourists, stablecoin-powered ATMs allowing customers to withdraw cash easily using USDT. The ATMs form part of...
Crypto News

South Korean Authorities Urge Caution Over Leveraged Crypto Trading on Upbit & Bithumb Exchanges

South Korea's financial regulators have openly cautioned domestic cryptocurrency exchanges following the launches of their high-leverage crypto lending products. FSC and the Financial Supervisory Service...
Crypto News

South Korea’s Central Bank Announces Cryptoassets Department Amid Growing Number of Crypto Users

As a purposeful move marking its heightened engagement with digital assets, South Korea's central bank, Bank of Korea (BOK), announced the formal establishment of...
Crypto News

South Korea’s Political Divide Deepens as Ruling and Opposition Parties Disagree on Stablecoin Regulatory Framework

South Korea's political divide is growing as the government-aligned People Power Party and opposition Democratic Party submitted competing bills on stablecoin regulation this week. The...
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