Terra LUNA and Terra USD (UST) crash caused massive losses for investors globally. The crash prompted reactions from regulators globally, and in South Korea, regulators are actively engaged in finding...
Tag: South
South Korea to Strengthen Global Cooperation for Better Crypto Regulations
South Korea’s regulator, the Financial Services Commission (FSC), is planning on strengthening its global cooperation in a bid to better regulate the cryptocurrency sector, local media reported Tuesda...
South Korea’s Upbit and Bithumb warn over Litecoin privacy feature
Litecoin implemented the MimbleWimble Extension Blocks (MWEB) recently to boost privacy within the network. The privacy-focused upgrade could be good news for developers and users of the Litecoin netw...
South Korean Terra Holders Skyrocketed After Its Crash, Here’s Why
South Korea’s Financial Services Commission’s Financial Intelligence Unit (FIU) on Tuesday revealed LUNA and UST holders increased massively after the crash, hoping for a rebound in prices. The South ...
South Korean Exchanges Could Be Held Responsible For Terra Crash
The ruling party of South Korea is likely to host an urgent meeting on Tuesday with officials from the state’s top five largest crypto exchanges. The officials look forward to holding crypto exchanges...
South Korean Ruling Party Summons Exchanges For Damages Caused by LUNA Fall
32 mins ago | 2 mins read Exchange News It will be convened on May 24th by the Party Policy and Virtual Asset Committees. South Korean authorities are taking measures to freeze the assets of the LFG....
Drake Loses a Fortune in BTC after Formula One Bet Goes South
Drake, the Canadian rapper, lost more than $230,000 in BTC when he bet on Charles Leclerc to win at the Spanish Grand Prix. The Formula One Spanish Grand Prix, which took place last Sunday, did not en...
Litecoin (LTC) MWEB Update Draws Warnings From South Korean Exchanges
6 hours ago | 2 mins read Exchange News Almost two and a half years ago, the MimbleWimble update idea was initially put forward. MWEB not only enhances LTC privacy but also improves the overall effic...
South Korea May Sue Crypto Exchanges Over Terra Crash
Many prospects have come under the consideration of global cryptocurrency regulators since the brutal Terra crash. South Korean Government and agencies are trying to get the possible reason behind thi...
Litecoin’s privacy upgrade could lead to delisting from South Korean exchanges
? Want to work with us? CryptoSlate is hiring for a handful of positions! Two of South Korea’s largest cryptocurrency exchanges, UPbit and Bithumb, issued investment warnings against Litecoin (LTC) on...
Litecoin’s MWEB Update Attracts Investment Warnings in South Korea
Soon after Litecoin underwent the Mimblewimble Extension Blocks (MWEB) soft fork, South Korean exchanges have raised concerns for the network as the upgrade might conceal transaction information. In t...
South Korea May Hold Exchanges Accountable For Terra Crash
Key Takeaways South Korea’s ruling party is reportedly set to meet the five biggest local crypto exchanges on Tuesday to discuss Terra’s collapse. The authorities could hold the exchanges ...
Terraform Labs Has Paid in Full its Taxes in South Korea, Says Do Kwon
A lot has been said about Do Kwon, his cryptocurrency project, and the failure of the two native digital assets in the past two weeks. One of them included owning $78 million in taxes to South Korea, ...
South Florida Based Crypto Currency Dev. Launches Crypto Project – Genius Token (GENI)
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South Korean Regulators Introduce New Frameworks To Protect Cryptocurrency Investors
Some jurisdictions are recently putting up regulatory measures to curb cryptocurrency asset investment challenges. Among the many countries on this move is South Korea. The government is making a few ...
Terra (LUNA) Founder Do Kwon Facing South Korea Investigation Over Claims of Ponzi Fraud: Report
The CEO of Terraform Labs is facing possible criminal charges in the wake of two leading cryptos collapsing earlier this month. In a new report, Yonhap News says that South Korean authorities are cons...
South African central bank mulls digital rand to streamline cross-border payments
The South African Reserve Bank is mulling the issuance of a digital rand, Reuters reported on May 18, citing the central bank’s Deputy Governor Kuben Naidoo. Naidoo said a digital rand could significa...
South Korea’s FSC Proposes Stricter Rules for Crypto Market Participants – crypto.news
South Korea’s Financial Services Commission (FSC) has introduced stricter guidelines to govern the nation’s crypto ecosystem. Dubbed the ‘Comparative Analysis of the Virtual Property Industry Act, the...
South Korean watchdog reportedly fines Terraform Labs $78M for tax evasion
Terraform Labs and co-founder Do Kwon continue to attract more legal trouble in the wake of the collapse of the Terra ecosystem. After early reports of a possible congressional hearing and an investig...
South Korea Slams Terra’s Do Kwon With $78M Fine for Tax Evasion: Report
South Korea’s National Tax Service has reportedly ordered Terraform Labs, its co-founder Do Kwon, and other executives to pay a 100 billion won ($78 million) fine for tax evasion penalties. The Genesi...
South Korean Regulators to Speed Up Enactment Of Crypto Laws After Luna Incident ⋆ ZyCrypto
Advertisement     With the collapse of Terra’s LUNA and UST stablecoin sending shockwaves across the global virtual currency market, Korean financial authorities have ...
New Data Shows South Koreans Heavily Accumulating LUNA In Hopes of A Gigantic Price Rebound ⋆ ZyCrypto
Advertisement     South Koreans are laboriously purchasing Terra’s native token undeterred by the massive crash last week. Notably, several retail investors believe th...
Will Terra Founder Do Kwon Be Held Accountable Following Three South Korean Investigations?
– Advertisement – Terra Founder Do Kwon is falling deep into investigations. So a question arises Will Terra Founder Do Kwon Be Held Accountable Following Three South Korean Investigatio...
South Korean government revives ‘Grim Reapers’ amid Terra`s collapse
The global financial situation is bleak at the moment. The cryptocurrency industry has suffered the most, and its consequences have been harsh. The Terra LUNA and UST market crashes have devastated in...
South Korea Rebirths Specialized Crime Unit to Investigate Terra’s UST Collapse
– Advertisement – Korean authorities believe Terra’s collapse is not properly investigated and as such it has revived a tactical crime unit to ensure no stone is left unturned in the Terra...
Terra Co-Founders to Face Fraud Charges in South Korea
The challenges ahead for Terra’s co-founders are notably more than just reviving the protocol after UST and LUNA coins collapsed last week. As reported by a local media site, Munhwa, an organized grou...
South Korean legislature considering new licensing system for cryptocurrencies
Regulators in South Korea have issued a new report that offers a bevy of recommendations The new report suggest how to properly govern the country’s crypto industry The new regulations would be stric...
South Korean Law Firm to File Suit Against Terraform Labs CEO, Co-Founder
Terraform Labs founder and CEO Do Kwon and co-founder Daniel Shin could soon be facing lawsuits and property seizures in the aftermath of the Terra meltdown last week. LKB & Partners law firm told...
South Korean Politician Demands Parliament To Investigate TerraUSD’s Collapse
The “People Power Party” representative, a South Korean politician Yoon Chang-Hyeon called a parliamentary hearing on TerraUSD (UST) due to its sudden collapse last week. According to a report from So...
South Korean legislature considering new licensing system for crypto
A report commissioned by South Korea’s federal government recommends the domestic crypto industry adopt a licensing system for exchanges and token issuers as a way of protecting investors. The report ...