The South Korean Ministry of Justice disclosed intentions to create a crypto tracking system to combat the flow of dirty money and other related financial transactions and to reclaim cash associated w...
Tag: Korea
South Korea to deploy cryptocurrency tracking system in 2023
The Ministry of Justice in South Korea announced plans to introduce a crypto-tracking system to counter money laundering initiatives and recover funds linked to criminal activities. The “Virtual Curre...
South Korea to Launch Crypto Tracking System in First Half of 2023
Bitcoin News According to official statistics, 75% of all illicit FX transactions include some kind of crypto. In recent years, South Korea has emerged as a global leader in the crypto industry. The J...
FBI Confirms North Korea Was Behind $100 Million Harmony Hack
Hackers used a privacy protocol called RAILGUN to try to conceal their transactions. The Federal Bureau of Investigation (FBI) has concluded its investigations into last year’s crypto hack that saw US...
FBI Confirms North Korea Behind $100 Million Harmony Hack
The FBI announced Monday it has concluded that North Korean hacker organization Lazarus Group was behind the $100 million hack of Harmony Protocol last June. Over $60 million of ETH stolen during the...
South Korea will systematically assess cryptocurrency risks using new monitoring tools
Join Our Telegram channel to stay up to date on breaking news coverage The financial watchdog in South Korea is creating new instruments to continuously monitor crypto threats. While the crypto market...
Report: North Korea Has Made Off with More Than $1 Billion in Crypto
The top spy agency of South Korea stated its neighbor North Korea has stolen an estimated $1.5 trillion won worth of cryptocurrency funds over the past five years. This is equivalent to about $1.2 bil...
‘The Sense Of Wonder’ Marries Basketball, Love And K-Dramas
‘The Sense of Wonder’ was published on Jan. 17. Little, Brown and Company Matthew Salesses’ new novel The Sense of Wonder took eight years to write and was written in two parts. One part o...
South Korea Announces a New Monitoring Tool to Detect Risks
South Korea’s FSS has proposed a cryptocurrency monitoring tool. To detect risks, the Crypto monitoring tool is utilized. South Korea’s Financial Supervisory Services (FSS) has announced a proposal to...
South Korea to Regularly Inspect Crypto Risks With New Monitoring Tools – Regulation Bitcoin News
South Korea’s financial regulator is developing new tools to regularly monitor crypto risks. The regulator warned that while the impact of the crypto market on the traditional financial system is stil...
Korbit Exchange Restricts Employee Crypto Trading in South Korea
South Korean crypto exchange Korbit said it would administer accounts of employees and their families to strengthen internal control. Local reports noted on Jan. 16 that the country’s rules under the ...
South Korea Goes After Bithumb for Another Tax Evasion Scandal
Bithumb Holdings comes under federal probe for suspected tax evasion. The current probe is the second time Bithumb has been subject to a tax investigation. Bithumb ranks among the top 10 crypto exchan...
NTS of South Korea Probes Bithumb over Possible Tax Evasion
NTS is investigating Bithumb over possible tax evasion. They were previously accused of similar incidents in 2018, but the charges were reversed. From January 2023, crypto gains over KRW 2.5 million...
South Korea Starts Investigating Crypto Exchange Bithumb (Report)
The National Tax Service (NTS) of South Korea has reportedly hit Bithumb Korea and Bithumb Holdings with a “special tax investigation” to determine whether the cryptocurrency platform has complied wit...
Chinese are angry at South Korea and Japan
Travel restrictions launched in the wake of China’s border reopening may be affecting where people there are booking trips. But it’s not out of spite, said several Chinese travelers who sp...
Huobi Korea Wants To Separate And Change Name
On the 9th of January, it was reported by the media site New1 in South Korea that the cryptocurrency exchange Huobi Korea is making plans to buy its shares from Huobi Global and change its name. Huobi...
Huobi Korea to become an independent entity, breaking ties with Huobi Global
The Huobi South Korean subsidiary, Huobi Korea, is set to operate as an individual entity after cutting its ties with Huobi Global, according to a report from Korean news outlet News1. Leon Lin, the ...
Huobi Korea to Break Away from Huobi Global With Shares Buyback
On January 9, reports circulated that the cryptocurrency exchange Huobi Korea announced plans to sever its relationship with its parent company Huobi Global. According to the statement shared by News1...
Huobi Korea seeks to split from parent company, change its name: Report
South Korean media outlet New1 reported on Jan. 9 that cryptocurrency exchange Huobi Korea is preparing to purchase its shares from Huobi Global and change its name. About 72% of shares in Huobi Korea...
Huobi Korea Plans to Cut Ties With Parent Company, Strengthen Domestic Presence – Bitcoin News
According to a report from South Korea, the Korean subsidiary of Huobi Global is planning to cut ties with the parent company. The management of the trading platform stated that they plan to “strength...
Huobi Korea Set To Breakoff From Parent Entity: Report
– Advertisement – Summary: The Korean division plans to operate on its own and separate from Huobi Global, the parent company of the Singapore-based crypto exchange. Local media house News...
Huobi Korea moves to sever ties with the mothership: News1
The Huobi crypto exchange’s Korean arm is set to sever ties with Huobi Global and run its own business, according to a report in Korean outlet News1. In doing so, it will negotiate the o...
How Jung Hae-In Created An Immortal Character In K-Drama ‘Connect’
Jung Hae-in must connect with others to become whole in the k-drama ‘Connect.’ Disney+ Jung Hae-In plays an immortal being in the thriller/horror k-drama Connect, but immortality doesn’t p...
Binance is Back in South Korea With Latest Acquisition: Report
Crypto exchange giant Binance is once again making moves in South Korea, as it is reportedly acquiring a major stake in local exchange GOPAX. According to Korean crypto news website Decenter, the larg...
The Block: Bithumb’s former chair Lee Jung-Hoon found not guilty: Korea Economic Daily
The former chair of the South Korean crypto exchange Bithumb, Lee Jung-Hoon, was reportedly found not guilty by the Seoul Central District Court’s 34th Division of the Criminal Agreement. ...
Binance To Re-Enter South Korea Market With Latest Acquisition
The world’s largest crypto exchange Binance on Monday completed due diligence on the acquisition of Gopax and will re-enter the South Korean market. Gopax is among the top five crypto exchanges in Sou...
Binance to Re-Enter South Korea by Acquiring Local Exchange: Report
The world’s largest crypto trading platform is reportedly close to completing the acquisition of Gopax – one of the most utilized Korean exchanges. If closed, the deal will signify Binance’s entrance ...
Tesla’s Drop Puts $157 Million Korea Structured Products at Risk
(Bloomberg) — This year’s unprecedented plunge in Tesla Inc. has put $157 million worth of related Korean structured products at risk of capital loss unless the electric-vehicle giant’s stock st...