Tag: #Southkorea
South Korea Sees Spike in Suspicious Crypto Transactions
South Korea records a steep increase in suspicious crypto transactions with the increase in the use of virtual assets. There is an increase in money…
South Korea Launches Digital Asset Committee for Crypto Policy
South Korea’s Democratic Party launches Digital Asset Committee. The committee focuses on crypto regulation and innovation. Major exchanges like Upbit, Bithumb join discussions. A Digital…
South Korea Cracks Down as 14 Crypto Apps Banned
The South Korean government took a decisive step against unregulated cryptocurrency platforms as part of its current regulatory initiatives. The financial authorities of South Korea…
South Korea Rejects Bitcoin Reserves Over Volatility Concerns
Story Highlights Officials rejected Bitcoin as a foreign reserve due to concerns about its volatility and liquidity. The political push for crypto reserves continues, but…
South Korea Moves to Boost Institutional Crypto Transactions
South Korea FSC expands institutional crypto access, allowing universities and charities to sell donations while enforcing stricter regulations for security and transparency. South Korea’s Financial…
South Korean City Plans Crypto Seizure for Tax Evaders
South Korea has established a crypto seizure system to trace down and confiscate digital assets from tax evaders. Authorities discovered 361 high-income tax evaders and…
Upbit Under Fire Amid FIU Disciplinary Hearing
On January 21, South Korea’s FIU will review Upbit’s KYC violations. South Korea increases crypto rules, focusing on KYC and client safety. South Korea’s biggest…
South Korea Delays Corporate Crypto Investment Ban Until 2025
South Korea postpones business cryptocurrency investment decision until 2025. FSC will host meetings in January to examine future crypto policy changes. South Korea’s FSC has…
South Korea Targets North Korean Hackers With Sanctions
North Korean hackers stole $1.3B in crypto, which is 61% of all global thefts. South Korea criticizes North Korea’s cyber operations, linking them to missile…
