CryptoQuant CEO: South Korea’s financial problems may force cryptocurrency businesses to go overseas

Dec 20, 2024

CryptoQuant CEO: South Korea’s financial problems may force cryptocurrency businesses to go overseas

Capital outflows could further destabilize the local financial system, making the country less attractive to international investors

Korean regulator head has rejected the idea of creating a BTC reserve in the near future

Nov 25, 2024

Korean regulator head has rejected the idea of creating a BTC reserve in the near future

The Financial Services Commission will monitor other countries’ reactions to Donald Trump’s similar initiative

Another city announces the confiscation of cryptocurrencies of tax debtors in South Korea

Nov 18, 2024

Another city announces the confiscation of cryptocurrencies of tax debtors in South Korea

According to local media, cryptocurrencies have become a popular means of tax evasion

Korea’s largest exchange Upbit was suspected of violating AML rules

Nov 15, 2024

Korea’s largest exchange Upbit was suspected of violating AML rules

The exchange allegedly allowed users who provided inappropriate-quality ID pictures to trade

Korea’s exchanges will be required to hand over crypto transaction data to tax and financial regulators

Oct 25, 2024

Korea’s exchanges will be required to hand over crypto transaction data to tax and financial regulators

The initiative would introduce a definition of virtual assets into the Foreign Exchange Transactions Act

Korea’s regulator fined Worldcoin $830 000 for data collection violations

Sep 26, 2024

Korea’s regulator fined Worldcoin $830 000 for data collection violations

Officials allowed the project to continue operating in the country provided the violations were corrected

Terra founder Do Kwon will be extradited to South Korea

Aug 2, 2024

Terra founder Do Kwon will be extradited to South Korea

The US authorities also sought the extradition of the businessman for trial in their jurisdiction

Law on the protection of crypto investors has come into force in Korea

Jul 19, 2024

Law on the protection of crypto investors has come into force in Korea

It tightens requirements for exchanges and introduces penalties for fraud and market manipulation

Korea’s regulator has developed a system to monitor crypto transactions

Jul 4, 2024

Korea’s regulator has developed a system to monitor crypto transactions

It will be launched on the same day the crypto investor protection act comes into effect

Korean exchange Upbit share in the local market has exceeded 80%

Apr 25, 2024

Korean exchange Upbit share in the local market has exceeded 80%

The platform is among the top five largest in the world in terms of the trading volume

Korea will start confiscating cryptocurrencies from Bithumb and Upbit exchanges to pay taxes

Apr 8, 2024

Korea will start confiscating cryptocurrencies from Bithumb and Upbit exchanges to pay taxes

The initiative proposed by the Pohang city government to recover $4,87 million