Prosecution Taking Charge The fight against crimes connected to digital money is still being actively pursued by South Korean authorities. The usage of digital assets has grown more widely, which has ...
Tag: South
Tropical Storm Warning Issued For South Texas As Hurricane Season On Verge Of Breaking Lull
Topline Portions of the south Texas coast are bracing for tropical storm conditions that could bring flooding rains Saturday afternoon into Sunday morning as an area of low pressure in the Gulf of Mex...
South African Central Bank Releases Crypto Risk-Assessment Note
The South African Reserve Bank has released guidelines for local banks to do business with cryptocurrencies and cryptocurrency companies. The document, released by the Reserve Bank’s Prudential Author...
South African Reserve Bank Wants Banks To Be Lenient To Crypto Service Providers
The South African Reserve Bank has sent out guidelines to banks operating in the country regarding their dealings with crypto service providers. The apex bank has encouraged banks not to cut off all t...
South Korea Cracks Down on Numerous Exchanges Over Regulations
The organization has identified 16 service providers. Local exchanges’ offices were raided last month as part of an inquiry. More than a dozen cryptocurrency exchanges risk losing clients in South Kor...
South America’s Second-Most Populous Country Considering Central Bank Digital Currency, Says Tax Agency Official
A top official who oversees Colombia’s financial regulation and tax collection agency says that the second-most populous South American nation is exploring the idea of rolling out its own digital curr...
South Korean professor invents toilet that turns waste into energy and pays out crypto
The creation of so-called ‘meme coins’ and, for lack of a better expression in the blockchain industry, ‘shitcoins‘, which refer to worthless coins or tokens that have little to no utility outside spe...
South African Reserve Bank encourages friendly behavior with crypto
The Prudential Authority of the Reserve Bank of South Africa sent out guidelines to its subsidiaries in an effort to prevent illicit activities, encouraging banks not to cut all ties with cryptocurren...
South Korean Beevi Toilet Project Came to an End!
In July, 2021, a community of active scientists named Science Walden brought a weird project. The project named ‘BeeVi’ toilet proposed to use human waste. People behind this plan thought to turn huma...
South Korean Toilet Turns Poop into Cryptocurrency
Shitcoins are here, and they are a stroke of genius. This is definitely one of the coolest things in crypto so far. Ulsan National Institute of Science and Technology’s Cho Jae-weon is an urban and en...
These 16 Crypto Exchanges Have Been Flagged By South Korean Financial Regulator
A Total 16 Crypto Exchanges Have Been Picked Out The move from the financial watchdog arrived after a supposed request from the intelligence unit that the local branch of these exchanges need to be sc...
South Korea to Investigate KuCoin Alongside 15 Crypto Exchanges for Unreported Operations
The South Korean Financial Services Commission (FSC) has put some cryptocurrency exchanges up for investigation under the claim that the concerned exchange companies are operating unlawfully in the co...
Bitcoin Sinks Below $23K; South Korea’s Bumpy Crypto Path Forward
“Bitcoin is is range bound at the moment,” said Nauman Sheikh, managing director at investment advisors Wave Financial, told CoinDesk TV’s First Mover program. “It’s hit ...
16 Crypto Platforms Face Suspension in South Korea Amid Crackdown
The Korea Financial Intelligence Unit (KoFIU) said that it has alerted the investigating authority about the illegal business activities of 16 unregistered Virtual Asset Service Providers (VASPs) oper...
16 Crypto Platforms Including KuCoin Serving Illegally in South Korea: Regulator
The Korea Financial Intelligence Unit (KoFIU), a top financial regulator in South Korea, on Thursday urged its local consumers using overseas cryptocurrency exchanges to verify whether such platforms ...
South Korea to block 16 unregistered foreign crypto exchanges
South Korea’s Financial Services Commission (FSC) reported 16 foreign crypto exchanges to investigative agencies for violating the Specific Financial Information Act, news1 reported on August 18. Acco...
South Korea Threatens 16 Unregistered Crypto Exchanges With Fines, Imprisonment
Key Takeaways Korea’s Financial Intelligence Unit announced Thursday that it had found 16 foreign-based cryptocurrency exchanges operating illegally in the country. The agency reported the unreg...
South Korean Regulator Flags 16 Overseas Crypto Exchanges for Lack of Domestic Licenses (Report)
South Korea’s financial sector regulator Financial Services Commission (FSC), is planning to stop domestic access to foreign crypto exchanges that are not registered in the country. These trading plat...
South Korean Pilot Allows Police to Seize Crypto for Non-Payment of Fines
As per a report by South Korean paper Joongboo Ilbo, the National Police Agency of the country is experimenting with virtual asset seizure for non-payment of fines. The pilot is being tested to facil...
Terra’s Do Kwon Reportedly Enlists New Lawyers In South Korea In Anticipation Of Legal Battle ⋆ ZyCrypto
Advertisement     Do Kwon, the disgraced founder of the once multi-billion dollar Terra ecosystem, has hired new lawyers in South Korea to prepare for a legal brawl in...
Do Kwon Hires Law Firm in South Korea Anticipating Legal Battle: Report
The former CEO of Terraform Labs is reportedly hiring a lawyer in preparation for a possible legal battle over the high-profile multibillion-dollar collapse of the Terra ecosystem in May. According to...
Do Kwon hires lawyer in preparation for defense in South Korea
Terra co-founder Do Kwon has hired a lawyer in preparation for his defense against South Korea’s legal actions, South Korea-based Naver reported Aug. 17. Kwon reportedly submitted an attorney’s appoin...
South Korean Regulators Investigate Banks Following $6.5B in Suspicious Remittances
Banks based in South Korea are under investigation for allegedly enabling $6.5 billion in illegal overseas remittances. These remittances were linked to the companies dealing in cryptocurrency arbitra...
Fresh Trouble for South Korean Banks Over Bitcoin Kimchi Premium Trades Worth $6.5B
South Korea’s integrated financial regulator – Financial Supervisory Service (FSS) – is reportedly investigating domestic and commercial banks after detecting a significant amount of illegal overseas ...