South Korea has begun a probe into cryptocurrency exchanges in the country in relation to offering native tokens, as per a local news report. The Korea Financial Intelligence Unit (KoFIU) is the finan...
Tag: Korea
South Korea and Singapore Hit Hardest by FTX Collapse: Report
On Nov. 20, crypto market data portal CoinGecko released a report on the countries most impacted by the FTX collapse. Unsurprisingly, most are in Asia since U.S. investors were using FTX.US, not the i...
$104M Worth Assets of Terra Co-Founder Confiscated by South Korea
Prosecutors claim that the co-founder made “unfair” gains of roughly 140B Korean won. Shin co-founder Chai corp., a local payments tech business. On Thursday, local prosecutors in Seoul allegedly had ...
South Korea is looking into crypto exchanges to offer native coins
The Korea Financial Intelligence Unit (KoFIU), which is South Korea’s authority on financial matters, has begun an investigation into cryptocurrency exchanges in regard to the listing of its own inter...
South Korea probes crypto exchanges for local tokens
This year, native cryptocurrencies proved to be the most significant cause that led to the failure of a number of cryptocurrency exchanges and ecosystems; the most recent instance of this was the coll...
South Korea Bans Native Tokens of Exchanges!
KoFIU investigates all crypto exchanges for native tokens. South Korea is the worst affected country in the world due to FTX downfall. South Korea blocks $104.4 million from FTX Co-founder Shin Hyun-s...
South Korea Freezes $104 Million in Assets Belonging to Terra Co-Founder – Bitcoin News
South Korea’s prosecutors have reportedly obtained a court order to freeze assets worth about $104 million belonging to Terraform Labs co-founder Daniel Shin. The authorities allege that he unfairly p...
South Korea seizes $104M from Terra co-founder suspecting unfair profits
While crypto exchange FTX stole the limelight from other fallen ecosystems, South Korean authorities continue their efforts to bring closure to the victims of the year’s first crypto crash — Terraform...
South Korea seizes $104M from Terra’s co-founder on unjust earnings.
South Korean authorities are continuing their efforts to bring closure to the victims of the year’s first crypto crash, which involved Terraform Labs. While the crypto exchange FTX has taken the...
South Korea Confiscates Over $100 Million from Terra’s Co-founder: Report
South Korean prosecutors have seized more than $100 million worth of assets belonging to Shin Hyun-Seong (Daniel Shin), the co-founder of Terraform Labs, for his role in the collapse of the Terra ecos...
North Korea Tests Nuclear-Capable Missile With Range To Hit U.S. Mainland, Japan Says
Topline North Korea fired an intercontinental ballistic missile (ICBM) potentially capable of carrying a nuclear warhead to anywhere on the U.S. mainland, Japan’s defense minister reportedly said on F...
China Isn’t Out Of The Economic Woods, Just Ask Japan And South Korea
An epidemic control worker wearing protective equipment watches over a line of people waiting to be tested to for Covid-19. Kevin Frayer/Getty Images In all the market euphoria over recent policy move...
Is North Korea open to travelers? No, but it may also depend on China
In 2008, the national anthems of both North Korea and the United States resonated throughout the East Pyongyang Grand Theatre — echoing hopes of a thawing relationship between the countries. The curta...
South Korea Cracks Down on Terra Employees Involved in $100M LUNA Fraud
South Korean authorities have discovered that Terraform Lab, the Do Kwon-led software development company, sold some tokens associated with LUNA Classic (LUNC) to its employees at half price before th...
US Treasury redesignates Tornado Cash sanctions, citing North Korea nuclear weapons program
The United States Treasury Department’s Office of Foreign Asset Control, or OFAC, has amended the sanctions on cryptocurrency mixer Tornado Cash in addition to including two individuals involved in “t...
US Treasury Adds to Tornado Cash Sanctions With North Korea WMD Allegations
In a statement, Treasury Undersecretary for Terrorism and Financial Intelligence Brian Nelson said, “today’s sanctions action targets two key nodes of the DPRK’s weapons programs: its increasing...
Bank of Korea successfully tests remittances with CBDC Test
The Bank of Korea, the central bank of South Korea, has successfully tested a program facilitating remittances across countries by linking central bank digital currencies (CBDCs) from different countr...
Royalty-enforcing NFTs a ‘new asset class,’ South Korea buys NFTs with CBDC and more
Royalty enforcing NFTs to be a ‘new asset class:’ Magic Eden CEO Jack Lu, the CEO of Solana-based nonfungible token (NFT) marketplace Magic Eden, has floated the idea of NFTs designed to enforce royal...
Bank of Korea Completes 2nd Phase of CBDC Simulation Test
The Bank of Korea (BOK) said that it has completed a 10-month CBDC simulation experiment research work on the 10-month central bank digital currency (CBDC). According to Yonhap News Agency, the Bank o...
Alibaba’s international arm invests millions into South Korea expansion
Alibaba’s international e-commerce platform AliExpress has expanded in South Korea and Brazil, in addition to Europe. Pictured here is an AliExpress locker in Poland in July 2022. Nurphoto | Nur...
South Korea Has Quietly Become One Of The World’s Biggest Weapons Suppliers
A South Korean K-2 battle tank, developed by Hyundai Rotem Co., during a live-fire exercise at the Defense Expo Korea 2022 at a military base in Pocheon, South Korea, on Sept. 20. © 2022 Bloomberg Fin...
North Korea Says Recent Missile Tests Were Practice To Hit U.S. And South Korean Targets
Topline North Korea announced its recent string of missile tests, which resulted in evacuation alarms in parts of South Korea and Japan last week, was practice to strike South Korean and U.S. targets,...
Terra Founder Kwon Still Defiant as South Korea Cancels Passport
South Korean prosecutors have reportedly gained evidence that Terraform Labs founder Do Kwon directed an employee to manipulate market prices of the firm’s cryptocurrency Terra. The Korean Broadcastin...
Nigeria’s CBDC deemed a failure; Korea gathers more proof on Do Kwon
The biggest news in the cryptoverse for Nov. 3 includes the private conversation Korea obtained that proves Kwon purposely manipulated the LUNA price, the reveal of China’s $6 billion worth of crypto ...
North Korea Missile Launch Triggers Alarm In Japan As U.S. And South Korea Extend Military Drills
Topline North Korea test fired an intercontinental ballistic missile (ICBM) towards its eastern coast on Thursday, triggering alarms across parts of Japan as tension in the region escalates amid ongoi...
Son Heung-Min Injury, Teammates’ Poor Form Mean South Korea Have A Striker Crisis Ahead Of World Cup
Son Heung-Min of Tottenham Hotspur is substituted after an injury during the UEFA Champions League … [+] group D match between Olympique Marseille and Tottenham Hotspur at Orange Velodrome on No...
Tensions Rise As Both North And South Korea Carry Out Missile Launches
Topline South Korea on Wednesday fired missiles across the country’s de facto maritime border with North Korea after a ballistic missile launched by Pyongyang’s forces landed near its coast, as tensio...
Ocado Group Shares Soar 33% As It Announces South Korea Tie-Up
Photo by Mike Kemp/In Pictures via Getty Images In Pictures via Getty Images Grocery and technology firm Ocado Group surged on Tuesday following news of a partnership with a major South Korean superma...
Financial Crisis Haunts Korea as It Confronts a Credit Meltdown
(Bloomberg) — Past financial crises are haunting South Korean policy makers as they rush to support a local credit market that’s quickly gone from one of the world’s safest to teetering on the b...
Crypto Exchange Gate.io to Help Busan, South Korea, Build Blockchain Infrastructure
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