Prosecutors in Montenegro suggested that the country’s Supreme Court could issue a verdict that would change an earlier decision on Do Kwon’s extradition to South Korea.
The KOSPI trading volume recorded 11.4794 trillion won on Mar.8, compared to nearly 12 trillion won on local crypto exchanges on Sunday.
The co-founder of bankrupt Terraform Labs was first set to be extradited to the United States after lengthy court battles.
Five United States senators have joined hands to fight President Joe Biden’s plans to issue a “digital dollar.”
The Terraform Labs co-founder, who has been in Montenegro since his arrest in March 2023, will reportedly be extradited to the United States to face fraud charges.
The Gyeonggi Tax Department used the resident registration data of “delinquents,” tracing their mobile phone numbers to detect their accounts on crypto exchanges.
South Korea’s ruling political party and its opposition party are making poll promises related to crypto ahead of the national elections later this year scheduled for April 10.
The FIU has been actively encouraging crypto exchanges to report any transactions that raise suspicions of money laundering and illegal “foreign exchange outflow.”
The South Korean NFT and game development platform apparently suffered a private key leak that hackers used on Feb. 9.
The Appellate Court of Montenegro previously canceled Kwon’s extradition approval to either the United States or South Korea in mid-December 2023.
South Korean prosecutors are reportedly examining if Wemade withheld giving private keys to users, which would mean that Wemade violated local reporting rules.
The exchange reportedly used Telegram influencers to promote its crypto services to South Korean users.
South Korean prosecutors announced the arrests of Haru Invest CEO and two other execs two days after Haru posted another “no information” update.
Han Chang-joon was charged with carrying falsified travel documents alongside Terra co-founder Do Kwon last year.
The Office of the President of the Republic of Korea urged the Financial Services Commission to reconsider its anti-ETF stance following SEC approval in the United States.
Even Gary Gensler voted to approve the spot Bitcoin ETFs.
While Chinese authorities continue prosecuting stablecoin use, Hong Kong is working on legalizing it.
The two aim to strengthen cooperation on crypto regulations before South Korea's new crypto laws go into effect next year.
Stablecoins' widespread usage and frequent instability could lower the effectiveness of central bank monetary policies, Rhee Chang-yong said.
The rules are scheduled to take affect on July 19 next year.
Users who deposit digital assets to exchanges in South Korea will be eligible to receive interest on their deposits.
The central banks of Italy and South Korea announced a memorandum of understanding in the development and deployment of CBDCs.