The scheme promised 20x returns through investing in tokens that in reality had little value.
DOGE's price has surged 78% since Trump's election win a week ago.
South Korean authorities announced their plan to fully regulate cross-border crypto transactions by the end of 2025 to combat a “blind spot” enabling tax evasion by foreign exchanges. Related Reading: Consensys Urges For Clear Crypto Regulation In Open Letter To Future US President Koran Authorities To Regulate Cross-Border Crypto Transactions According to local news media […]
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
South Korean authorities are preparing to regulate cross-border digital asset transactions beginning in late 2025, according to an Oct. 25 report by Reuters. The Ministry of Finance announced that the new regulations will require registration and reporting for businesses in Korea involved in cross-border crypto trades. Under this framework, Korea-based companies facilitating digital asset transactions […]
The post South Korea to regulate cross-border crypto trades by 2025 appeared first on CryptoSlate.
South Korea’s finance minister, Choi Sang-Mok, says the country will introduce reporting mandates on cross-border crypto transactions to combat foreign exchange crime.
More than 33,000 crypto investors in South Korea are currently unable to access their assets, which amount to around $13 million, due to the closure of several crypto exchanges in the country, local media outlet The Korea Times reported on Oct. 14. According to the report, 14 virtual asset exchanges in South Korea have either […]
The post South Korea’s crypto exchange closures lock $13M in investor assets appeared first on CryptoSlate.
Do Kwon’s extradition has been delayed again, to the surprise of the Justice Ministry.
South Korea’s Financial Services Commission plans to consult with other jurisdictions, including Japan and the EU, on stablecoin rules.
In an announcement on September 30, 2024, Taiwan’s Financial Supervisory Commission (FSC) greenlit foreign crypto exchange-traded funds (ETF) for professional investors. Foreign Digital Assets ETFs Approved For Professional Investors According to the announcement, Taiwan’s FSC permits institutional investors to invest in foreign digital asset ETFs through a re-entrustment process. The announcement notes: Professional investors include […]
Late last year, the South Korean cryptocurrency exchange was reported to be considering listing its shares on Kosdaq.
Despite the regulatory hurdles, the project’s WLD token surged 35% this week, from $1.60 on Sept. 19 to $2.16 on Sept. 26.
Blockdaemon executive Andrew Vranjes said that tax regulations and the lack of uniform regulations across jurisdictions hold back institutions from adopting blockchain.
South Korea has joined the growing list of global jurisdictions, launching a probe against Telegram over illicit content dissemination.
Polish national Roman Ziemian, the co-founder of digital currency trading platform FutureNet who allegedly defrauded users out of around $21 million has been detained in Montenegro, according to multiple reports citing an announcement from the nation's police.
The new regulations issued by South Korea’s watchdog to protect user assets on crypto exchanges went into effect on July 19.
The recent positive price movement in XRP appears to have triggered a new wave of investors’ interest regarding the coin. XRP has surpassed the largest crypto asset by market cap, Bitcoin, in trading volume across exchanges in South Korea, indicating a shift in market dynamics in the country. With fresh optimism in the cryptocurrency sector, […]
XRP accounted for almost 40% of all trading activity on top South Korean exchanges from Tuesday to Thursday. Prices surged.
Binance is preparing to reduce its 72.6% stake in the Gopax exchange to as low as 10%, according to local sources.
According to a recent report, South Korea has taken a significant stride towards “enhancing the security and “integrity” of its cryptocurrency market. On July 4, the nation’s financial watchdog, the Financial Supervisory Service (FSS), officially announced the launch of a 24-hour monitoring system aimed at detecting and addressing dubious activities within the crypto sector in […]
South Korea’s Financial Supervisory Service (FSS) plans to tighten oversight of crypto trading platforms under its jurisdiction to eliminate fraudulent transactions. In a July 4 notice, the regulator announced that local exchanges must establish a “continuous monitoring system for unfair transactions” and report “abnormal transactions” via a dedicated transmission line. According to the notice: “To […]
The post South Korea to tighten crypto exchange oversight with new monitoring system appeared first on CryptoSlate.
Hashed Ventures said it’s in talks with other South Korean crypto firms to help bring them to Abu Dhabi.
The details of enforcing the Protection of Virtual Asset Users Act are not contained in the bill, which comes into force July 19.
NFTs considered as virtual assets are eligible to receive interest when deposited to exchanges according to the FSC’s guidelines published in 2023.
South Korean law enforcement has struck a blow against social media-fueled crypto scam with the arrest of 19 individuals linked to a deceptive “crypto reading room.” The Daegu Police Agency’s raid, which unfolded on May 21st, exposed a manipulative scheme that preyed on more than 300 unsuspecting investors, swindling them out of a staggering $19 […]
The school’s metaverse was built by LG Uplus to cater to tech-savvy college students.
A convenience store in South Korea offers Bitcoin meal boxes in collaboration with the local exchange Bithumb, where customers can win small amounts of Bitcoin with their purchases.
CEO Sui Chung sees South Korea and Israel as the next markets to list crypto ETFs.
South Korea, a nation long enamored with cryptocurrency, is tightening its belt on the digital asset frontier. Faced with a surge in crypto-related crimes, the country is bolstering law enforcement and implementing its first-ever comprehensive crypto regulation, set to take effect in July 2024. Related Reading: Akita Goes Digital: Japanese Society Uses Blockchain To Guard […]