Tag: South Korea
South Korea’s CBDC Pilot Faces Scrutiny Over Missing Security Audit
Bank of Korea’s CBDC pilot relied mainly on internal security assessments before launch. No independent audit reviewed Project Hangang during or after real-world testing. Oversight…
South Korea Proposes Law to Seize Self-Custodied Crypto Wallets
South Korea seeks legal authority to seize self-custodied crypto through updated criminal procedures. Proposed warrants must detail wallet addresses, asset amounts, transfers, and secure custody…
Market NewsSouth Korea Launches Sanctions Against Upbit Operator Dunamu
South Korea begins sanctions proceedings against Upbit operator Dunamu after hack. FSS reviews Dunamu’s response before deciding possible enforcement measures. Legal gaps may influence penalties…
Naver Delays Dunamu Share Swap Again as Approval Wait Continues
Naver Financial and Dunamu delayed their share swap completion to Dec. 31. FTC review and shareholder approval processes remain the main hurdles. South Korea’s Digital…
South Korean Court Backs Crypto-Specific Asset Seizure Framework
South Korea proposes formal rules for crypto seizure during civil enforcement actions. New framework prevents debtors from hiding digital assets during ongoing lawsuits. Courts gain…
Korean Companies Deny Joining Open USD Alliance After Surprise Listing
Korean firms denied formal Open USD membership despite appearing on the alliance’s public roster. Several companies said Open Standard only discussed possible participation without agreements.…
South Korea Cracks Down on Crypto Whales as BOK Pushes Tokenized Bonds
South Korea referred suspected crypto market manipulation cases to prosecutors. Bank of Korea plans tokenized government bonds after Project Hangang success. Project Hangang advances digital…
Kiwoom Securities Eyes Bithumb Stake as Crypto Alliances Heat Up
Kiwoom discusses a Bithumb stake as finance and crypto partnerships accelerate. Bithumb’s IPO plans gain attention as stake talks continue with Kiwoom Securities. New crypto…
South Korea Fines Bithumb for Sharing User Data Without Consent
South Korea fined Bithumb $136,000 for unauthorized overseas user data transfers. Regulators found user information was shared abroad without proper consent procedures. New blockchain privacy…
