Yuri Molchan More than dozen of former and current high-ranking staffers of Terra are prohibited from leaving South Korea Bloomberg has reported that as prosecutors are investigating the recent massiv...
Tag: Korea
South Korea Delays Crypto Tax By 2 Years
The 20% taxation on digital assets in South Korea that was supposed to be levied from 2023 has been delayed by another two years. Tax Announced Back In 2020 Before the announcement of the 2-year dela...
South Korea Holds Up Tax Imposition
Editors News 20% tax on crypto profit delayed for 3 more years. The tax implication scheduled for 2022 has been postponed to 2025. On Thursday, fiscal chief Ko Kwang-Hyo of the Ministry of Economy and...
Terraform Labs Staff Banned From Leaving South Korea: Report
Key Takeaways According to a Monday JTBC report, Terraform Labs employees have been banned from leaving South Korea while the investigation of Terra’s blowup is still ongoing. One former Terra d...
South Korea Blocks Terra’s Employees From Leaving The Country Amid Investigation
As investigations into Terra’s LUNA and UST death spiral continue, prosecutors in South Korea have imposed travel limits on Terra developers and former devs, according to JTBC News. South Korea Places...
South Korea Puts A Departure Ban On Terra (LUNA) Main Designer
– Advertisement – Terra Designer Blocked From Leaving Country As South Korean Prosecutors Deliberate On Investigations. A South Korean prosecutor has issued an injunction blocking one of T...
Binance Eyes South Korea Re-Entry Amidst Ongoing Global Expansion – crypto.news
Binance, the world’s largest cryptocurrency exchange, plans to re-enter the South Korean market as part of its Southeast Asian expansion strategy. Binance CEO “CZ” announced his plan to re-enter South...
Binance Plans South Korea Re-entry Amid Global Expansion
The world’s largest crypto exchange Binance plans to re-enter the South Korean market amid its mission to expand in Southeast Asia. Binance’s CEO “CZ” announced his plan to re-enter South Korea in an ...
North Korea Faces Another Infectious Disease Outbreak As It Continues To Fight Covid
Topline North Korea is facing what it says is an unknown intestinal disease outbreak—suspected to be either cholera or typhoid—in the southwestern city of Haeju, according to the country’s state-run m...
S. Korea Probe Tightens Noose Around Do Kwon Probe
In the middle of various legal encounters and regulatory pressure, the situation around Terra continues to only worsen. The company has attracted multiple cases of legal scrutiny both in the U.S. and ...
Terra Influencer FatMan Spots Loopholes in Coindesk Korea Report Accusing TerraForm Labs Crashing UST and LUNA
– Advertisement – The popular whistleblower has come to the defense of TFL, as he identifies a major loophole that makes the Coindesk Terra report false. Popular Terra influencer who is kn...
South Korea Prepares New Crypto Laws After Terra Fiasco
Following the recent shockwaves of the (LUNA) crash which had shaken the spirit of many crypto enthusiasts, South Korea’s ruling party, People Power Party (PPP), is reportedly considering new crypto l...
CoinDesk Korea Discloses Revelations That Terraform Labs Wallets Caused UST Depegging
– Advertisement – New Investigations Shows Terra Owns the Wallet That Crashed LUNA and UST. More than one month after Terra ecosystem tokens, UST, and LUNA collapse, new revelations contin...
Crypto Exchanges in South Korea Announce Joint Consultation Body for H2 2022
Local media in South Korea have confirmed that the top five crypto exchanges in the country will launch a joint consultative body for decision-making in the second half of 2022. The decision follows t...
South Korea to Bring Self-Regulatory CEX Guidelines after LUNA Crash
Due to the unexpected collapse of the TerraUSD (UST) and its sister token, Terra LUNA (LUNA), South Korean lawmakers have taken the reign into their own hands. The main motive for introducing such gui...
Solana To Support DeFi, NFT, And GameFi In South Korea With A $100M Fund
Solana (SOL) has created a $100Million fund to support cryptocurrency projects in the country. The main sectors to benefit from the fund are DeFi, gaming, and Non-fungible tokens (NFTs). Also, the fun...
Solana Announces $100 Million Investment For GameFi, DeFi, And NFTs in South Korea
Solana have announced the creation of a $100 million fund today to support the growth of blockchain gaming, DeFi projects, and non-fungible token (NFT) in South Korea. Solana Ventures and Solana Found...
Solana Ventures Launches $100 Million Fund Focused on Web3 Projects in South Korea – Bitcoin News
Solana Ventures has revealed the launch of a $100 million fund dedicated to Web3 startups in South Korea. According to Solana Labs’ general manager Johnny Lee, the capital will be dedicated to non-fun...
South Korea to Establish Guidelines for Crypto Exchanges as Watchdogs Probe Terra Collapse
TerraUSD and its sister token LUNA Classic’s (LUNA) dramatic collapse have pushed the South Korean policymakers to call for swift crypto regulations. Call for Draft Regulation According to a new repor...
Solana launches $100M fund to attract crypto projects from South Korea
? Want to work with us? CryptoSlate is hiring for a handful of positions! Solana Ventures and Solana Foundation have raised a $100 million investment fund for crypto projects in South Korea, weeks aft...
Solana Launches $100M Investment Fund for Web3 Businesses in South Korea
According to Solana, gaming, and NFTs make up the majority of South Korea’s activity. Recently, NFT trading and DeFi operations have increased on Solana. Web3 enterprises in South Korea will be suppor...
Solana Ventures sets up $100M fund for GameFi and DeFi in South Korea
Solana Ventures and the Solana Foundation have formed a $100-million fund to help support the growth of nonfungible token (NFT), blockchain gaming and decentralized finance (DeFi) projects in South Ko...
Solana bids $100M On DeFi, GameFi in South Korea
Solana is in the news today after it unveiled a new $100 million fund for South Korean web3 entrepreneurs. The funds were raised equally by Solana Ventures and the Solana Foundation, a Swiss organizat...
Terra’s aftermath in China, Japan and South Korea
The “long waves” of TerraUSD’s May 7 collapse, which we noted two newsletters ago, are extending even further. Last week brought some notable reactions to the stablecoin’s depegging in the East Asia r...
Yet Another Probe Into Crypto Firms In S. Korea Over Terra Collapse
The aftermath of the Terra network crash saw a big shift in regulatory action in the crypto industry. With several countries in the process of tightening the noose against crypto wrongdoings, the acti...
South Korea ramps up crypto investigations and regulations
On Friday, June 3, South Korea’s Financial Supervisory Service (FSS) began an investigation into payment gateway services that work with digital assets. The FSS is South Korea’s financial regulator th...