South Korean law enforcement officers have reportedly confiscated around 260 billion won ($183 million) worth of cryptocurrencies from local individuals and businesses in two years as they were not ab...
Tag: South
South Korea Seizes $184 Million in Crypto Assets From Alleged Tax Dodgers, Reports Reveal – Taxes Bitcoin News
The government in South Korea has seized cryptocurrency worth around $184 million in two years due to tax arrears, according to local media. The authorities in Seoul started confiscating virtual asset...
Cryptocurrencies Cannot Be Viewed As A Financial Investment: South Korea Finance Regulator Crypto
“Despite admitting he helped local prosecutors classify Terra-LUNA tokens as securities”, South Korea’s Financial Supervisory Service (FSS) governor Lee Bok-Hyun disagrees with the idea that cryptocur...
South Korean gov has confiscated 260B won in crypto for non-payment of taxes since 2021
According to regional news outlet mk.co.kr, the South Korean government has seized over 260 billion Korean won ($180 million) worth of cryptocurrencies over the past two years due to tax arrears. The ...
South Korea Seizes $180M in Crypto from Investors That Owed Taxes
South Korean tax authorities confiscated roughly ₩260 billion (approx. $183.5 million) worth of cryptocurrency assets since 2021 due to tax arrears, according to a report by a local media outlet on Th...
Compute North’s Business Goes South
Low bitcoin prices and rising energy costs have hurt mining companies Daily revenue for bitcoin miners has fallen 70% since the peak of November 2021, Arcana Research data showed Crypto mining data ce...
Report Shows NFTs Lead Central And South Asia’s Crypto Adoption
Crypto adoption has grown significantly in the last two years. It is one of the fastest-growing trends ever experienced in the market, which is expected to continue over time. A look into the growth t...
Ethereum NFTs Are Driving Crypto Adoption in Central and South Asia: Report
NFTs have become the biggest crypto on-ramp for countries in Central and Southern Asia, as well as Oceania, according to a report from Chainalysis on Wednesday. The blockchain analytics firm noted th...
South Korea Uncovers $650M in Illicit Funds Moved via Crypto Exchanges
According to a local report, the South Korean Financial Supervisory Service (FSS) has uncovered illegal international fund transfers of an additional $650 million linked to crypto exchanges. In June,...
Do Kwon to be a Global Wanted Fugitive? South Korea Asks Interpol to Issue a Red Notice
Join Our Telegram channel to stay up to date on breaking news coverage Do Kwon’s running away from South Korea is a situation that has escalated quickly. After issuing an arrest warrant for the Terra ...
South Australia Kicks off First Solar-Powered Crypto Mining Centre at Whyalla – crypto.news
South Australia’s Whyalla, dubbed the steel city, has become home to the country’s first solar-powered cryptocurrency mining center. This development marks a significant step in Australia’s transition...
South Korean Prosecutors request Interpol a ‘Red Notice’ for Do Kwon – crypto.news
Although Do Kwon denies he’s on the run, court authorities in South Korea requested Interpol’s help to arrest the fallen founder of the Terra Protocol (and $UST and $LUNA coins). South Korea’s Prosecu...
Do Kwon in Trouble – Terra Founder is now a Fugitive According to South Korea
Join Our Telegram channel to stay up to date on breaking news coverage Those who lost everything during the Terra crash have waited for justice a bit too long. They have had nothing to show for it. Wh...
Cops Taking Property From The Innocent Is “Legitimate,” South Carolina Supreme Court Rules
In a major blow against government accountability, the South Carolina Supreme Court last week upheld the state’s civil forfeiture laws, which let police permanently confiscate cash, cars, and even hom...
South Korean Watchdogs Request Interpol’s Red Notice against Do Kwon
The controversy surrounding Do Kwon’s whereabouts continues to grow, given that South Korean prosecutors asked Interpol to issue a red notice against the Terraform Labs’ founder. The Seoul Southern D...
South Korea asks Interpol to issue red notice for Do Kwon: FT
South Korean prosecutors have reportedly asked Interpol, an international organization that facilitates police cooperation and crime control between countries, to issue a red notice against Do Kwon. T...
South Korean prosecutors seek Interpol red notice, is LUNA on risk
Less than a week after South Korean authorities issued an arrest warrant for the founder of TerraForm Labs, the company behind TerraUSD, the prosecutor’s office is now seeking an Interpol red notice a...
South Korea upgrades wanted status of Terra founder Do Kwon, asks for red notice
South Korea has asked Interpol to issue a red alert notice for Terra’s founder Do Kwon, Financial Times reported on Sept 19. According to the report, the South Korean prosecutors have requested the ca...
South Korea Interpol action plan to catch Do Kwon 1
South Korea has issued a plea to Interpol to issue a red notice against the co-founder of Terra ecosystem, Do Kwon. According to the statement, the move is per of a larger plan to ensure that the Terr...
USD/ZAR forecast: rand at risk amid South Africa power outages
The USD/ZAR price soared to a record high on Monday as investors braced for more weakness of the South African economy. The pair surged to a high of 17.76, which was about 23% above the lowest level t...
South Korean Investigators Deny Do Kwon Claims, Say Terra (LUNA) Founder Is On The Run
– Advertisement – Terra Founder Do Kwon On The Run, Flees Singapore. The search for Do Kwon’s whereabouts continues. After it was reported by The Crypto Basic that South Korean prosecuto...